Seeking Alpha
, Random Roger (150 clicks)
Portfolio strategy, ETF investing, foreign companies
Profile| Send Message|
( followers)  

For ages I have wondered why there is no ETF or ETN for publicly traded exchanges. Occasionally I bend an ear or two from this blog and maybe that can be repeated by laying out what such a fund could look like.

Some of the names will be obvious and chances are there will be a couple that you did not know traded publicly. Not all of them have pink sheet ticker symbols for US trading.

  • Chicago Mercantile Exchange (NASDAQ:CME)
  • NYSE Euronext (NYSE:NYX)
  • Intercontinental Exchange (NYSE:ICE)
  • CBOE Holdings (NASDAQ:CBOE)
  • NASDAQ (NASDAQ:NDAQ)
  • Deutsche Boerse (OTCPK:DBOEY)
  • Bolsa Mexicana (OTC:BOMXF)
  • TMX Group (OTC:TMXGF) Toronto
  • London Stock Exchange (LDNFX.PK)
  • NZX Limited (OTC:NZSTF) New Zealand
  • ASX Limited (OTCPK:ASXFY) Australia
  • Singapore Exchange (OTCPK:SPXCF)
  • JSE Limited (OTCPK:JSEJF) South Africa
  • BM&F Bovespa no US symbol Brazil
  • Osaka Securities Exchange (OTCPK:OSCUF) Tokyo is not public
  • Hong Kong Exchanges & Clearing (OTCPK:HKXCY)
  • Bursa Malaysia Berhad (OTC:BSAMF)
  • Oslo Bors (OTC:OSBHF)
  • Bolsas y Mercados Espanoles (OTCPK:BOLYY) Spain
  • Warsaw Stock Exchange no US symbol
  • Bulgarian Stock Exchange no US symbol
  • Mercado de Valores de Buenos Aires no US symbol
  • The soon to be merged markets of Peru, Chile and Colombia which for now all trade on their own

There are others. One word of caution, just because some of the stocks have five letter designators for US trading does not mean they are easily traded. This listing is reasonably diverse from the country level, and for certain countries they obviously play into the ascending middle class and I would contend are a form of financial infrastructure.

This seems fairly obvious to me but it hasn't happened and so maybe it won't but I believe this line of business is on firmer ground than banks in many countries.

Source: Global Exchange Fund: The One Missing ETF