Should Your Invest in the New Auto ETFs Now?

By Ganaxi Small Cap Movers:The average automobile industry stock, as represented by the Global X Auto ETF (VROM), is up over 20% YTD. The improving economy and easing financing has bolstered growth in this sector. Furthermore, there is a resurgence of sorts in domestic automobile manufacturing, aided by strength in local markets, as well as rising exports.

By Benzinga: By: The ETF ProfessorUntil almost exactly two years ago, one of the obvious absences at the ETF sector level was a fund devoted to the automobile industry. For whatever reason, it took nearly two decades of ETFs trading in the U.S. for issuers to get around to introducing funds tracking an industry that is steeped in history and tradition in this country.

By Ron Rowland:Global X recently announced its intent to close and liquidate four ETFs. According to the company press release, Global X will absorb all fees and expenses that may be incurred in connection with the liquidation and distribution of assets.

Ron Rowland submits:First Trust Advisors last week (5/10/11) introduced the First Trust NASDAQ Global Auto Index Fund (CARZ). CARZ becomes the second fund to focus on the global automotive industry and the first in an ETF format. The underlying index is a modified market capitalization weighted index of companies classified as automobile manufacturers.

Ron Rowland submits:U.S. investors somehow survived for 25 years with just one automotive fund. In the last 10 days their choices jumped to three. Global X Advisors rolled out the newest entrant, the Global X Auto ETF (VROM) last Thursday (5/19/11).

Tom Lydon submits: First Trust is the first fund provider to offer an exchange traded fund focusing on the automobile industry.

Tom Lydon submits: Global X Funds has listed its own exchange traded fund targeting the global auto industry just a little over one week after First Trust launched the world’s first auto ETF.

Michael Johnston submits:Tuesday marked another first for the rapidly-expanding ETF industry, as First Trust rolled out the NASDAQ Global Auto Index Fund (CARZ). The new automotive ETF will seek to replicate a benchmark comprised of the largest and most liquid companies engaged in the manufacturing of automobiles.