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TrimTabs
- Press Release - Nov 23, 2004 Spectacular
Success of Gold Exchange Traded Fund Sets Stage for More Commodity-backed
ETFs On the first day the fund was offered to the public, Thursday, Nov 22, TrimTabs tracked net issuance of $589 billion with an additional inflow of $241 million on Friday, Nov 23rd. TrimTabs Exchange Traded Funds research published hard numbers on the two-day total of $830 million while estimates in some media were closer to $500 million. TrimTabs obtains the current day's issuance numbers for almost all ETFs, including GLD, and provides them to subscribers seven to eight hours after the market closes. TrimTabs Investment Research announced their new daily research product on Nov 9, TrimTabs Exchange Traded Funds, which enhances its stock market liquidity product line. TrimTabs now tracks the net issuance in exchange traded funds by market segment and individual ETF, reporting daily, weekly, monthly, and quarterly flows. In related news, TrimTabs Daily Liquidity reported that US equity funds have received an estimated $4.5 billion over the five days ended Monday, November 22. It is estimated that US funds have received $12 billion of new cash so far in November. StreetTRACKS®
is a State Street Global Advisors (SSgA) sponsored family of exchange
traded funds. # # # TrimTabs Investment Research is the only independent research service that publishes detaileddaily coverage of U.S. stock market liquidity, including mutual funds and Exchange Traded Funds, as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors – including hedge fund managers, market strategists, and portfolio managers – with trading strategies since 1990. TrimTabs liquidity research is unique. It is a macro timing tool to predict the direction of the stock market. For sample research and subscriptions, visit www.TrimTabs.com. Charles
Biderman |