IndexUniverse.com
Print This Article

Sections

ETF Watch: January 22 - January 28 [Updated, 1/30]
By Heather Bell | January 30, 2012


Follow ETF Watch on Twitter for all the newest ETF filings.


Note: Want to receive an email notice as soon as ETF Watch is posted?

Editor's Note: As of the start of 2012, ETF Watch has transitioned to daily updates, rather than weekly.

 

FRIDAY, JAN. 27

iShares Rolls Out More Nordic Funds
iShares, which recently launched an ETF covering Norway, rolled out two more Nordic ETFs on Thursday. The iShares MSCI Denmark Capped Investable Market Index Fund (BATS: EDEN) and iShares MSCI Finland Capped Investable Market Index Fund (BATS: EFNL), like ENOR, are listed on the BATS exchange. Both come with annual expense ratios of 0.53 percent.

THURSDAY, JAN. 26

ProShares Debuts Germany Bond ETF
ProShares rolled out the ProShares German Sovereign/Sub-Sovereign ETF (NYSEArca: GGOV). The fund holds investment-grade debt issued by Germany’s central and local governments, as well as affiliated agencies; it tracks an index from Markit’s iBoxx family. GGOV charges an annual expense ratio of 0.78 percent, but a waiver that is effective through January 2013 brings that down to 0.45 percent.

AdvisorShares Launches Accuvest Fund
AdvisorShares has partnered with Accuvest on a second ETF. The actively managed AdvisorShares Accuvest Global Opportunities ETF (NYSEArca: ACCU) uses a methodology that considers 40 factors in evaluating which markets are likely to outperform. It invests in single-country ETFs representing the top five or six of those markets, and rebalances its portfolio monthly based on its methodology. ACCU carries an annual expense ratio of 1.78 percent.

Van Eck Plans ‘Wide Moat’ ETF
Van Eck Associates recently filed paperwork on an ETF that will track an index based on Morningstar’s ‘Wide Moat’ methodology. The concept was originally promoted by Warren Buffett, who used it to describe companies that have achieved a lasting edge over their competitors. The Market Vectors Morningstar Wide Moat Research ETF will follow the 20-stock Morningstar Wide Moat Focus Index, which is already the basis of an ETN offered on the Elements platform. The filing did not include fees or a ticker.

Exchange Traded Concepts Outlines Oil Sands Fund
Exchange Traded Concepts, which formerly operated as FaithShares, filed for the Sustainable North American Oil Sands ETF (NYSEArca: SNDS). The fund will track an index from Sustainable Wealth Management and invest in all aspects of the oil sands industry. Despite the use of “Sustainable” in its name, the fund’s prospectus comes with a warning that the firms involved could be at risk for “environmental damage claims.” The filing did not mention fees associated with the ETF.

TUESDAY, JAN. 24

iShares Debuts Norway ETF On BATS
iShares announced the launch of the iShares MSCI Norway Capped Investable Market Index Fund (BATS: ENOR), the first ETF to have its primary listing on the BATS exchange. ENOR comes with a 0.53 percent expense ratio and tracks the MSCI Norway IMI 25/50 Index, an index of 57 stocks. iShares plans to launch seven more single-country ETFs on the BATS exchange in the near future.