Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Are there any US State specific ETFs?

beebee
edited November 2014 in Fund Discussions
I remember being amazed at the size of certain US state's economies. For example California's economy is so large it surpasses Russia and Italy and would be admited into the G-8 if it were a country.

Since we have country etfs, I was wondering... why not state (US) specific efts.

CAL...TEX...anyone?

Comments

  • edited November 2014
    Hi @bee

    Once upon a time............ TXF (Texas) and OOK (Oklahoma)

    etf site story

    Take care,
    Catch
  • there are etfs of state muni bonds but am guessing that is not what you mean .i believe there are equity mutual funds also emphasizing a state
  • msf
    edited November 2014
    Open end funds - Franklin used to have California Growth Fund but it later broadened its charter, figuring that even Calif. was too localized. So I have my doubts on the equity side.

    On the bond side, there are loads of state-specific bond funds, especially for California, because with such a large economy it borrows tons of money (and it has a high income tax rate). Here are the three Calif. muni ETFs: http://etfdb.com/etfdb-category/california-munis/
  • beebee
    edited November 2014
    @jerry & @catch22,

    Texas and North Dakota comes to mind with their energy boom. I'll take a stab at this...create a state specific etf that is a combination of state munis and equities.

    An etf that provides tax efficient income from state munis as well as growth from equities doing business in the state.

    @msf...Broadening the equity holdings to "companies doing business in the state" would allow for many more MC and LC companies that have a more global footprint.
  • From a different angle...

    Here's a country "exposure tool" that identifies countries specific stock companies that are listed as equity holdings within an etf.

    etf-country-exposure-tool/
  • edited November 2014
    Good stuff bee.

    Hey, attached is link to spreadsheet of SP500 companies by state (HQ resident in UsA)...

    https://docs.google.com/spreadsheets/d/1zQLGEjAd-gf19k5eMr46im_wsg19zahFd1pNOcO6ssE/pubhtml

    or

    https://docs.google.com/spreadsheets/d/1zQLGEjAd-gf19k5eMr46im_wsg19zahFd1pNOcO6ssE/edit?usp=sharing

    Maybe you can create your own EtF...or, proxy.

    c
  • The closest you might come is the mutual fund MPGFX which focuses on MN companies.
  • Howdy folks,

    Wow, I sure wish there were state specific ETFs. I'd like to short Florida. teehehe;-)

    peace,

    rono
  • I'll give you a heads up when I move there or would that be considered insider trading?
  • beebee
    edited November 2014
    @rono & @mark:
    I have been Long/Short CT&FL for the last few years...I short FL in the summer and CT in the winter. Dividends are:
    - I never lose my tan,
    -open toed shoes and
    -fresh produce.

    It's an apples and oranges kind of portfolio...very fruitful.

    @charles:
    50% state muni ETF or muni fund
    50% VTI (Vanguard Total Stock Market)...adding state specific etfs might be a way of "goosing" sector weightings such as energy (TX, SD) or tech (CA,MA,NC) or trends such as boomer-nomics (FL, AZ).

    The closest I have come to simplifying this idea in one mutual fund is USBLX which accomplishes this by combining national munis with a S&P index fund. It does this at a fairly high ER (1%). The fund advertises itself as a "growth and tax strategy fund" and M* categorizes it as conservative allocation.

    Other question I have:

    Are etfs treated like stock holdings when it comes to tax harvesting strategies...much like selling stocks to harvest losses?

    Also, at death do etfs adjust their cost basis (like individual stocks) making them a better vehicle for inheritance than mutual funds?
  • edited November 2014
    The user and all related content has been deleted.
  • @bee: "Are etfs treated like stock holdings when it comes to tax harvesting strategies...much like selling stocks to harvest losses?
    Also, at death do etfs adjust their cost basis (like individual stocks) making them a better vehicle for inheritance than mutual funds?"

    Yes, and yes.
  • @fundalarm

    thanks and thanks...maybe I'll spend my kid's inheritance just in case.
  • @bee: I like your long/short play. I could do the MN/FL thing easily. Sweet!
Sign In or Register to comment.