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ABOUT THIS BLOG
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It's a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending, and filing for bankruptcy, retailers will be navigating through some tricky waters. Consumers are strapped for cash due to high energy and food prices, and unemployment is rising. The recent credit crunch has made it more challenging for retailers and consumers to borrow.
This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
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Sep.28
8:19 AM ET
Friday, 28 Sep 2007
Wal-Mart ETF: You Want To Invest?
Posted By:Margaret Brennan
Topics:Investment Strategy | Stock Picks | Stock Market
Companies:Wal-Mart Stores Inc
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CNBC.com |
] will recover from its malaise, then you might also be interested in buying into what looks to be one of the first Wal-Mart Exchange Traded Funds. Then again, if you've heard about the bargaining power that Wal-Mart has and uses to push down the cost of items purchased from its suppliers, you might think twice about putting money into the MyShares Wal-Mart ETF. According to our partners at Dow Jones, the Montvale, NJ-based company MyShares is launching an ETF that invests in Wal-Mart's suppliers.
I took a look at the SEC filing by MyShares and found this description: The fund will "normally invest at least 90% of its total assets in stocks of companies that derive a substantial portion of revenue from Wal-Mart Stores, Inc."
The ETF is "designed to exploit a unique situation where the world's largest retailer has spawned a sub-industry of dependent companies, including many that are common household names."
The filing doesn't name the companies in the index. I left a message with MyShares head Erik Liik to find out more but haven't heard back as yet. I'll keep you posted.
Questions? Comments?
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