By Tom Lydon:
Diamonds have long been a store of wealth but traders have not had the chance to optimally invest in the gem. However, a diamond-backed exchange traded fund is one step further in the making as a financial firm seeks to commoditize diamonds. According to a U.S. patent office filing, GemShares is trying to create a method of standardizing baskets of gems to be used in financial and commercial products.
By Tom Lydon: The market for precious gems has weakened over 2012 but they are beginning to stabilize in recent weeks, reflecting the improvements in the global economy. While exchange traded fund investors can't directly invest in ... Read Post
By Tom Lydon: Investors, concerned over a cutback in Fed quantitative easing and higher rates, have been shifting away from municipal bond exchange traded funds, but the move may have been premature. The triple-A rated 10-year muni ... Read Post
By Tom Lydon: Diamonds are widely used as decorative jewelry, but now, the exchange traded fund industry seeks to commoditize diamonds and allow more people to efficiently price the precious gems and invest in them. Considering the ... Read Post