Seeking Alpha

Guggenheim Airline ETF (FAA)

FAA is defunct since March 15, 2013. Lack of investor interest
  • Michael Kahn | Send Message 30 Jan 2014

    Chart of the Day $AAL, $FAA
      • Michael Kahn | Send Message 30 Jan 2014

        Chart of the Day $AAL, $FAA
          • Dr. Kris | Send Message 4 Mar 2013

            Airlines taking off: Up 3-5% & breaking out to new highs: $RJET, $UAL, $ALK, $DAL, $SKYW. Airline etf $FAA +3% breaking $40 resistance.
            Reply (6)
          • View all 6 replies
            • Dr. Kris | Send Message 4 Mar 2013
              : I'm on
            • Philip Saglimbeni | Send Message 5 Mar 2013
              : They're really flying high again today!
              • Hillbilly Stock Star | Send Message 11 Sep 2012

                DAL.......FAA Modernization Act maybe DAL bullish imo, Long...
                  • Hillbilly Stock Star | Send Message 13 Mar 2012

                    FAA Modernization Act may increase market flows towards August as tax money rebated in deferal status to employees.
                      • Michael A. Gayed, CFA | Send Message 2 Mar 2012

                        Did two segments on Bloomberg today discussing UAL, FAA, and XRT. Feedback anyone? and
                        Reply (5)
                      • View all 5 replies
                        • Blackjack777 | Send Message 7 Mar 2012
                          : Excellent presentation of viewpoints backed by good/easy-to-understand visuals and data. But next time fix your tie before cameras roll.
                        • Michael A. Gayed, CFA | Send Message 7 Mar 2012
                          : Ha!
                          • Michael A. Gayed, CFA | Send Message 2 Mar 2012

                            Going to be on Bloomberg at 3:30 PM EST for segment on UAL and FAA, and later at 3:50 PM EST discussing Retailers XRT. Tune in!
                            Reply (1)
                            • Ocean Man | Send Message 2 Mar 2012
                              : Could you mention that AAL has accounting irregularities?
                              • Hillbilly Stock Star | Send Message 1 Mar 2012

                                My guess is recently passed FAA Modernization Act is tailwind for economy till about December 2012 imo.
                                  • Hillbilly Stock Star | Send Message 25 Feb 2012

                                    The FAA Modernization Act signed into law February 14, 2012, Money in Motion!
                                      • Holly Thompson | Send Message 1 Dec 2011

                                        Honeywell's (HON) UOP receives $1.1M contract from FAA.
                                          FAA Description
                                          The Guggenheim/NYSE Arca Airline ETF (NYSE:FAA), the "Fund", seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the NYSE Arca Global Airline Index (the “Airline Index” or the “Index”). The Fund will at all times invest at least 80% of its total assets in common stock, American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. Guggenheim Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the Airline Index. The Airline Index is a modified equal-dollar weighted Index designed to measure the performance of highly capitalized and liquid U.S. and international passenger airline companies identified as being in the airline industry, as defined below, and listed on developed and emerging global market exchanges. The Fund’s Index Provider, Archipelago Holdings Inc. (“Arca” or the “Index Provider”), an affiliate of NYSE Euronext, Inc., defines “developed markets” as countries with western-style legal systems, transparent financial rules for financial reporting and sophisticated, liquid and accessible stock exchanges with readily-exchangeable currencies.
                                          See more details on sponsor's website
                                          Sector: Services
                                          Country: United States
                                          ETF Hub
                                          Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub