The Wall Street Journal reported yesterday that descriptive and catchy tickers for Exchange Traded Funds (ETFs) are getting harder and harder to come by these days. From the article:
But finding a catchy symbol can be tough these days. Many have already been taken: 1,350 symbols are in use on the NYSE Arca alone, the biggest U.S. market for exchange-traded products. That's up 108% over the past five years, says Ms. Morrison. In addition, fund firms have reserved 2,446 symbols for future products, with about six new ones being reserved each day, she says. Then there are the tickers of bygone ETFs, whose association with failure means many firms won't use them.We've certainly run across some memorable ETF tickers in our research and casework, and love the effort issuers put into this no doubt critical aspect of financial marketing. Some of our favorites include:
- Market Vectors Agribusiness ETF (MOO)
- Global X Fertilizers/Potash ETF (SOIL)
- Barclays S&P GSCI Crude Oil Total Return Index ETN (OIL) [though we believe futures based ETFs are no laughing matter]
We wanted to know: what are some of the best ETF tickers you have come across?
Don't forget iPath Pure Beta Precious Metals (BLNG)! See? Finance can be fun!
ReplyDeleteXIV from velocityshares--gosh, wonder why people think these things buy the VIX...
ReplyDeleteMy vote goes to PowerShares Dynamic Food & Beverage Portfolio (PBJ)!
ReplyDeleteWould've preferred a PBR, myself...
DeleteEWW !
DeleteI think iShares made a fantastic choice with their MSCI Global Agriculture Producers Fund: VEGI.
ReplyDeleteI see your VEGI and raise you CORN
DeleteI see your CORN and raise you WEAT
DeleteThis is such a WSTE of time.
ReplyDeleteMight I suggest some DRGS for your temperament.
DeleteI might go FISN after I fix the BARN ROOF.
ReplyDeleteTim, I am your biggest FAN
ReplyDeleteQQQ. Would QQ be happy about this? It seems more Q than QQ...
ReplyDelete