Found an interesting article on Kiplinger.com about some specialized ETFs that might be worth taking a look at. Here is an excerpt:
"The universe of exchange-traded funds is crowded with investments you don't need. Most of this dead timber is based on investing gimmickry or follows an absurdly narrow focus. Case in point: Airshares EU Carbon Allowances Fund, a short-lived critter that tracked the prices of futures contracts on carbon allowances created by Europe's cap-and-trade system for controlling pollution. Thankfully, this dud's sponsor recently shut down the fund.
But that's no reason to ignore a quirky ETF that shows promise. And three funds that follow sound, if narrow, investing strategies are trouncing Standard & Poor's 500-stock index so far this year: Claymore/Beacon Spin-Off (symbol CSD), Claymore/Sabrient Insider (NFO) and PowerShares Buyback Achievers (PKW).
The spinoff fund leads the group, with a 35% gain year-to-date through August 3, compared with a 13% return for the S&P 500. The fund tracks a benchmark, dreamed up by Beacon Indexes, that follows companies that were spun off from six months to two years before the ETF's semiannual rebalancing date (the minimum waiting period of six months allows some of the initial share-price volatility following a spinoff to die down). Beacon will pare the list to 40 names if more than 40 stocks are eligible for inclusion."
There are a lot of ETFs out there and the list keeps grwoing all the time. It's good when an source like Kiplinger came chime in on some newer, specialized ETFs. You can read the complete article here:
http://www.kiplinger.com/columns/fundwatch/archive/2009/fundwatch0804.htm
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