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ETF Watch

ETF Watch: April 15 - April 21 [Updated 4/23]
By Heather Bell | April 23, 2012

Related ETFs: CRBQ / WCAT / AMJ / AMLP / EMCB

 

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

 

FRIDAY, APR. 20

PowerShares Plans Small-Cap Technical Analysis ETF
Invesco PowerShares recently filed for an ETF that will focus on small-cap equities selected through small-cap analysis. The PowerShares DWA SmallCap Technical Leaders Portfolio will track an index from Dorsey Wright, constructed in a way similar to those underlying the three other “Technical Leaders” ETFs offered by PowerShares. The filing did not include a ticker or fees.

 

THURSDAY, APR. 19

iShares Rolls Out EM Corporate ETF
iShares followed WisdomTree’s lead and launched an emerging markets corporate bond ETF of its own. The iShares Emerging Markets Corporate Bond Fund (BATS: CEMB) comes with an expense ratio of 0.60 percent and will compete directly with the WisdomTree Emerging Markets Corporate Bond Fund (NasdaqGM: EMCB). CEMB is tied to an index from Morningstar that covers U.S.-dollar-denominated debt issued in developing markets.

Global X Debuts MLP ETF
Global X rolled out an MLP ETF with a price tag that undercuts the ALPS Alerian MLP ETF’s (NYSEArca: AMLP)0.85 percent  expense ratio. The Global X MLP ETF (NYSEArca: MLPA) charges 0.45 percent and is tied to an index of 30 MLPs from a broad range of categories. MLPA is also cheaper than the largest exchange-traded product in the MLP space, the JP Morgan Alerian MLP ETN (NYSEArca: AMJ), which charges the same as AMLP.

RBS Adds To Trendpilot Lineup
RBS Securities unveiled its seventh Trendpilot, this one focused on Chinese ADRs. The RBS China Trendpilot ETN (NYSEArca: TCHI) switches its asset allocation between the BNY Mellon China Select ADR Total Return Index and 3-month Treasury bills depending on market trends, shifting into the T-bills when the ADR index component is in a downtrend. TCHI comes with a dual expense ratio, charging 1.10 percent when it’s assets are allocated to Chinese ADRs and 0.50 percent when it is allocated to T-bills.

Jefferies Closes Wildcatters ETF
Jefferies Asset Management is closing its TR/J CRB Wildcatters Exploration & Production Equity ETF (NYSEArca: WCAT) as of May 2. The fund launched two years ago and had less than $10 million in assets when the news became public. The closure will leave Jefferies Asset Management with just one ETF on the market, the Jefferies TR/J CRB Global Commodity Equity Index Fund (NYSEArca: CRBQ).

 

MONDAY, APR. 16

Javelin Returns With Value-Focused Filing
Javelin Investment Management, which had closed its ETFs last year, is back with a new filing. The JETS DEEP Value Index Fund will track the Dow Jones Deep Value Index. The benchmark's components must be highly liquid and not heavily burdened by debt. The methodology also excludes companies engaging in "unacceptable business activities." The filing did not specify an expense ratio or ticker.

AdvisorShares Plans Business-Cycle ETF
AdvisorShares recently filed for an index-based ETF that will focus on generating income in any market environment. The Pring Turner Dow Jones Business Cycle ETF (NYSEArca: DBIZ) will be able to invest in a wide range of asset classes, including fixed income, domestic and international stocks and other exchange-traded vehicles, such as ETFs and ETNs. Its allocations will shift depending on where the market is in the business cycle. The filing did not include an expense ratio.