8 New ETFs to Trade

NEW YORK ( TheStreet Ratings) -- Month after month the list of exchange-traded funds continues to grow. Each narrow sub-category of investment classification is a candidate for its own tradable security.

To qualify for a risk-adjusted return ranking with TheStreet Ratings, new exchange-traded funds or notes must trade for a 12 full months. Eight new exchange-traded funds that began trading in December completed their first full calendar month of trading in January.

Being new, the following securities may remain thinly traded until they catch on with investors.

8. PowerShares DB US Deflation ETN ( DEFL) seeks to provide exposure to month-over-month returns of the DBIQ Duration-Adjusted Deflation Index. The fund seeks to provide investors with the ability to gain exposure to US inflation expectations as implied by the difference in yields between TIPS and US Treasury bond indexes before a 0.75% expense ratio.

This ETN takes a notional short position in TIPS and a notional long position in US Treasury bonds. If the inflation protected Treasuries underperform normal Treasuries of similar maturity then these ETNs can gain value on the expectation of future deflation. In January, the fund lost 0.3%.

As these securities are exchange-traded notes, they are unsecured debt obligations of Deutsche Bank AG, London Branch ( DB) subject to the credit risk of the issuer. Other important risks include no protection of principal, concentrated exposure, and the issuer's right to call the securities.

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7. SPDR Barclays Capital Short Term Treasury ETF ( SST) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the 1-3 year sector of the United States Treasury market.

In January, the fund gained 0.2%. The expense ratio is slated to be 0.12%.

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6. SPDR Barclays Capital Investment Grade Floating Rate ETF ( FLRN) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of an index that tracks the market for US dollar-denominated, investment grade floating rate notes with maturities greater than or equal to one month and less than five years.

In January, the fund gained 0.6%. The expense ratio is scheduled to be 0.15%.

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5. PowerShares DB US Inflation ETN ( INFL) seeks to provide exposure to month-over-month returns of the DBIQ Duration-Adjusted Inflation Index. The fund seeks to provide investors with the ability to gain exposure to US inflation expectations as implied by the difference in yields between TIPS and US Treasury bond indexes before a 0.75% expense ratio.

This ETN takes a notional long position in TIPS and a notional short position in US Treasury bonds. If the inflation protected Treasuries outperform normal Treasuries of similar maturity then these ETNs can gain value on the expectation of future inflation. In January, the fund gained 1.5%.

As these securities are exchange-traded notes, they are unsecured debt obligations of Deutsche Bank AG, London Branch ( DB) subject to the credit risk of the issuer. Other important risks include no protection of principal, concentrated exposure, and the issuer's right to call the securities.

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4. Direxion Large Cap Insider Sentiment Shares ( INSD) seeks investment results that tracking the Sabrient Large-Cap Insider/Analyst Quant-Weighted Index. The index is composed of 100 stocks selected from the S&P 500 using a quantitative methodology from all 500 large capitalization domestic equity stocks. To be selected for inclusion in the index, the stocks should demonstrate positive sentiment through holdings by insiders with knowledge of a company's financials and business prospects, including top management, directors, large institutional holders, and the Wall Street research analysts who follow the company.

Top holdings include Lincoln National Corp ( LNC), Western Digital Corp ( WDC), and Metlife Inc ( MET).

In January, the fund gained 3.2%. The expense ratio will be 0.65%.

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3. Global X NASDAQ 500 ETF ( QQQV) seeks to provide investment results that correspond generally to the price and yield performances of the NASDAQ 500 Index. The Index measures the performance of 500 of the largest domestic and international non-financial securities listed on the Nasdaq Stock Market based on market capitalization. Top U.S. traded holdings include Apple Inc ( AAPL), Microsoft Corp ( MSFT), Google Inc ( GOOG), Oracle Corp ( ORCL), and Intel Corp ( INTC).

In January, the fund gained 7.6%. The expense ratio is 0.48%.

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2. Market Vectors Oil Service ETF ( OIH) seeks to replicate the price and yield performance of the Market Vectors US Listed Oil Services 25 Index. The Index is comprised of common stocks and depository receipts of US exchange-listed companies of oil services sector.

Top holdings include Schlumberger Ltd ( SLB), National Oilwell Varco Inc ( NOV), and Halliburton Co ( HAL).

In January, the fund gained 10.4%. The expense ratio is 0.35%.

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1. Direxion All Cap Insider Sentiment Shares ( KNOW) seeks investment results that track the Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index. The index is composed of 100 stocks selected from S&P 1500 using quantitative methodology. The S&P 1500 is composed of stocks representing all capitalization segment of the US equity market. To be selected for inclusion in the index, the stocks should demonstrate positive sentiment through holdings by insiders with knowledge of a company's financials and business prospects, including top management, directors, large institutional holders, and the Wall Street research analysts who follow the company.

Top holdings include Stone Energy ( SGY), Assurant Inc ( AIZ), and Gannett Co ( GCI).

In January, the fund gained 12.7%. The expense ratio is 0.65%.

With any new trading vehicle it is important understand the unique risks involved before placing any trades. As you can lose money, be sure to read the prospectus of each new security before investing.

-- Reported by Kevin Baker in Jupiter, Fla.

For additional Investment Research check out our Ratings Research Center.
Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering equity and mutual fund ratings. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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