FOL
FactorShares 2X Oil Bull/S&P 500 Bear ETFNYSEARCA
FOL is defunct since November 22, 2013. Lack of investor interest
  • Nov. 24, 2013, 9:55 PM
    • A six-month deal to curtail Iran's nuclear ambitions is enough to send oil futures sliding 0.85% in Monday's early electronic trading. The easing of geopolitical tensions is usually a good excuse to pare bullish bets on crude.
    • Although the deal doesn't officially ease restrictions on crude oil sales, it does represent progress and some believe the agreement may be a precursor to the eventual resumption of exports.
    • "We can ... expect some price weakness as the market adjusts to the future prospect that Iranian exports will resume,” one Societe Generale strategist tells Bloomberg.
    • For more on the deal, see here.
    • ETFs: USO, OIL, UCO, SCO, UGA, DBO, BNO, DTO, CRUD, USL, DBE, UHN, RJN, DNO, SZO, OILZ, UWTI, OLO, UOIL, DWTI, JJE, RGRE, ONG, DOIL, OLEM, TWTI, FOL, UBN
    | Nov. 24, 2013, 9:55 PM | 3 Comments
  • Nov. 24, 2013, 2:47 AM
    • Iran and the P5+1 world powers have struck a six-month interim agreement in which the Persian nation will limit its nuclear program in exchange for an easing of international sanctions that will provide the country with $6-7B of foreign exchange.
    • However, "the key oil, banking, and financial sanctions architecture, remains in place," the White House said in a fact sheet.
    • "The EU crude oil ban will remain in effect and Iran will be held to approximately 1M bpd in sales, resulting in continuing lost sales worth an additional $4B per month," the sheet said.
    • Iran will eliminate uranium enriched to 20%, halt the installation of advanced centrifuges, refrain from commissioning its Arak heavy water reactor - from which plutonium can be made - and remove its stockpile of the fissile material, which is thought to be almost enough to make one nuclear bomb.
    • The sides now plan to spend the next six months working on a permanent deal.
    • The P5+1 and Iran have expressed satisfaction with the deal, but Israeli ministers have already rushed to the airwaves to denounce it.
    • President Obama's statement.
    • ETFs: USO, OIL, UCO, SCO, UGA, DBO, BNO, DTO, CRUD, USL, DBE, UHN, RJN, DNO, SZO, OILZ, UWTI, OLO, UOIL, DWTI, JJE, RGRE, ONG, DOIL, OLEM, TWTI, FOL, UBN
    | Nov. 24, 2013, 2:47 AM | 30 Comments
  • Nov. 20, 2013, 4:17 AM
    • Iran and the P5+1 world powers are due to meet again from today until Friday in an attempt to thrash out a deal in which the Persian nation would scale back its nuclear program in return for an easing of international sanctions.
    • While an interim deal was close last time the sides met earlier this month, President Obama has lowered expectations about the chances of an agreement this week. Much skepticism exists in Congress - where there's a push to ratchet up the sanctions - and amongst the U.S.'s allies, particularly Israel, about the suggested terms of any settlement.
    • However, if the sides do come to an agreement, analysts have said that oil prices could slide at the prospect of an Iranian return to the market.
    • WTI is +0.3% to $94.18 and Brent is flat at $106.94.
    • ETFs: USO, OIL, UCO, SCO, DBO, BNO, DTO, CRUD, USL, SZO, DNO, OILZ, UWTI, OLO, DWTI, UOIL, DOIL, FOL, TWTI, OLEM
    | Nov. 20, 2013, 4:17 AM
  • Nov. 18, 2013, 2:10 PM
    • Set for liquidation on November 22:
    • FactorShares 2X: Oil Bull/S&P 500 Bear ETF (FOL), FactorShares 2X: S&P 500 Bull/T-Bond Bear ETF (FSE), FactorShares 2X: S&P 500 Bull/USD Bear ETF (FSU), FactorShares 2X: T-Bond Bull/S&P 500 Bear ETF (FSA), FactorShares 2X: Gold Bull/S&P 500 Bear ETF (FSG).
    • The strategies - serving up spread bets between the S&P 500 and oil, bonds, the dollar, and gold - won plaudits for their sophistication, but failed to attract much in the way of assets.
    | Nov. 18, 2013, 2:10 PM | 1 Comment
  • Nov. 12, 2013, 6:20 PM
    • The International Energy Agency says in its annual report the U.S. will be the world’s no. 1 oil producer in 2015, surpassing Russia and Saudi Arabia, but fields in North Dakota and Texas will move past their peak in the next decade and the Middle East will reclaim its role as world leader in oil supply growth.
    • A high market price for oil will help stimulate drilling for light tight oil, the report says, but the resource is finite, and the low-cost suppliers are in the Middle East.
    • ETFs: USO, OIL, UCO, SCO, DBO, DTO, CRUD, USL, DBE, RJN, SZO, DNO, OILZ, UWTI, OLO, DWTI, JJE, RGRE, ONG, OLEM, TWTI, FOL, UBN
    | Nov. 12, 2013, 6:20 PM | 4 Comments
  • Nov. 12, 2013, 3:11 PM
    | Nov. 12, 2013, 3:11 PM | 17 Comments
  • Nov. 11, 2013, 3:41 AM
    • Democratic Senator Bob Menendez, the Chairman of the Senate Foreign Relations Committee, said the panel will look to tighten sanctions on Iran this week.
    • Menendez made his comments yesterday, after talks between the P5+1 world powers and the Persian nation over the latter's nuclear program stalled over the weekend.
    • Menendez's aim is prevent the U.S. from making too many concessions too quickly, with his stance reflecting widespread Congressional skepticism about the deal that was under discussion. Israel has also continued its criticism of the proposals.
    • WTI crude is -0.1% at $94.48, while Brent is +0.2% at $105.27.
    • ETFs: BNO, UOIL, DOIL, USO, OIL, UCO, SCO, DBO, DTO, CRUD, USL, SZO, DNO, OILZ, UWTI, OLO, DWTI, FOL, TWTI, OLEM.
    | Nov. 11, 2013, 3:41 AM | 1 Comment
  • Nov. 10, 2013, 1:31 AM
    • High-level ministerial talks between Iran and the P5+1 world powers over the Persian nation's nuclear activities have ended without a preliminary agreement in which the country would curb its program in a return for an easing of sanctions. France objected that the proposals didn't do enough to limit Iran's program.
    • Of particular concern is a heavy-water reactor that Iran has been building in Arak and which would produce plutonium.
    • However, the sides believe they've made enough progress to hold another round and they'll go at it again in ten days, although not at the ministerial level.
    • Analysts had said that oil prices could plunge if an agreement were to have been reached this weekend, as seemed possible on Friday.
    • ETFs: BNO, UOIL, DOIL, USO, OIL, UCO, SCO, DBO, DTO, CRUD, USL, SZO, DNO, OILZ, UWTI, OLO, DWTI, FOL, TWTI, OLEM.
    | Nov. 10, 2013, 1:31 AM | 8 Comments
  • Nov. 9, 2013, 8:25 AM
    | Nov. 9, 2013, 8:25 AM | 4 Comments
  • Nov. 7, 2013, 9:10 AM
    | Nov. 7, 2013, 9:10 AM | 15 Comments
  • Mar. 3, 2011, 5:39 AM

    Interactive Brokers (IBKR) surprised the investment world yesterday when it announced it was providing commission-free trading of the newly launched suite of FactoShares. The ETFs allow investors to access daily leveraged spread trades pairing the S&P 500 and common asset classes like T-Bonds (FSE) (FSA), the USD (FSU), Oil (FOL) and Gold (FSG).

    | Mar. 3, 2011, 5:39 AM | 1 Comment
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