ETF Watch: February 12 – February 18
By Heather Bell | February 19, 2009

Page 1 of 2

Page 1: New ETF listings
Page 2: The complete list of ETFs (and ETNs) in registration

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NEW LISTINGS

Global X Makes Debut With Colombia ETF

A new ETF provider arrived on the scene on February 6. Global X Management launched the Global X/InterBolsa FTSE Colombia 20 ETF (NYSE Arca: GXG).

The fund is the first to cover the Colombian market, which as of January 31 was one of the top-performing markets worldwide over the prior 12 months—the FTSE Colombia 20 Index was down just 5.4%.

GXG has a concentrated portfolio with 20 names. After applying liquidity screens, the FTSE index weights stocks by market-cap sizes.

The benchmark for GXG had a sector breakdown entering February of the following: Banks (31%); Oil & Gas (20%); Financial Services (18%); Construction and Materials (10%); Utilities (7%); Retail (5%); Food and Beverage (5%); Household Goods (2%) and Telecom (2%).

The fund charges an annual expense ratio of 0.86%.

Read the prospectus here.

NEW FILINGS

MacroMarkets Revises Its Housing Up/Housing Down Filings

MacroMarkets has submitted a revised prospectus for its request to the SEC to offer two new funds. Originally, the firm had applied to track the housing market, or rather the S&P/Case-Shiller Composite-10 Home Price Index, with two funds using the same "teeter-totter" approach that is using with its MacroShares $100 Oil Up (NYSE Arca: UOY) and MacroShares $100 Oil Down (NYSE Arca: DOY) products.

While the original filing was for products capturing 200% and -200% of the monthly change in the underlying index (which is calculated on a monthly basis), the new filing ups the ante by 300% and -300% exposure on the funds. The changes also include shortening the terms on each fund from 10 years to five years.

The new Macros that will give investors their first chance to trade or hedge home prices using ETFs are the MacroShares Major Metro Housing Up (NYSE Arca: UMM) ETF (capturing 300% of the underlying index's returns) and the MacroShares Major Metro Housing Down (NYSE Arca: DMM) ETF (capturing -300% of the underlying index's returns).

A date for an auction has yet to be set, according to Macro Markets.

The expense ratios for each ETF are expected to be 1.25% per year. The estimated price range for the securities is between $28 and $42 per share in the 10-day auction process, according to the new filings.

Read the filing for UMM here.

Read the filing for DMM here.