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Editor's Note: As of the start of 2012, ETF Watch has transitioned to daily updates, rather than weekly.
FRIDAY, JUNE 29
ALPS Debuts GICS-Based Dividend ETF
ALPS Advisors launched an ETF that targets dividend yield and sector diversification. The ALPS Sector Dividend Dogs ETF (NYSEArca: SDOG) draws its components from the S&P 500, selecting the five stocks with the highest dividend yields in each of the 10 sectors of the Global Industry Classification Standard. It comes with an expense ratio of 0.40 percent.
First Trust Plans Two Payout ETFs
First Trust has filed paperwork on two ETFs that would focus on delivering income. The First Trust Multi-Asset Diversified Income Index Fund tracks an index that selects its components from a wide-range of asset classes known for their high dividends and payouts, including REITS, MLPs and preferred securities as well as regular stocks. Meanwhile, the First Trust Nasdaq Technology Dividend Index Fund will target dividend-paying technology stocks—something that would have once been considered an anomaly for what was perceived as a growth sector, but such stocks are becoming more common. The filing did not provide tickers or expense ratios, but the stocks will be listed on the Nasdaq Stock Exchange.
Van Eck To Reverse-Split KWT
Van Eck has announced that it will enact a 1-for-15 reverse share split for the Market Vectors Solar Energy ETF (NYSEArca: KWT), effective July 2. The ETF has seen its share price plunge in the past 12 months.
WEDNESDAY, JUNE 27
ProShares Debuts Bearish Euro ETF
ProShares launched an ETF providing inverse daily exposure to the EUR/USD cross rate published daily by Bloomberg at 4:00 p.m. The ProShares Short Euro ETF (NYSEArca: EUFX) appears to be designed for investors with a bearish outlook on the eurozone. The fund comes with an annual expense ratio of 0.95 percent.
GreenHaven Plans Coal ETF
GreenHaven Group LLC has filed to create another futures-based commodities ETF through a subsidiary, GreenHaven Coal Services. The GreenHaven Coal Index Fund would be tied to the Tradition Coal Index, which tracks second-, third- and fourth-to-expire CME Central Appalachian coal futures contracts. The filing did not include a ticker or fees.
EGShares Filing Targets Small-, Midcaps
Emerging Global recently filed paperwork with the SEC on three ETFs targeting emerging markets that seek to exclude large, multinational companies in favor of more local exposure. All three funds will invest in the small- and midcap segments of the emerging markets space. The EGShares Emerging Markets Core ETF, with a net expense ratio of 0.70 percent, is a broad equity fund. The EGShares Emerging Markets Core Dividend ETF, with a net expense ratio of 0.70 percent, will invest in high-dividend stocks. The EGShares Emerging Markets Core Balanced ETF, with a net expense ratio of 0.60 percent, has a fund-of-funds structure that can invest in other ETFs, equities and fixed income.
TUESDAY, JUNE 26
Sigma Files 40-APP For ETFs
Sigma Investment Advisors, a firm that is apparently an affiliate of index provider S-Network, recently filed a 40-APP with the SEC. The paperwork outlines plans to launch "self-indexed" ETFs, with an initial ETF tied to the S-Network North American High Income Equity Index. The filing also allowed for ETFs covering a wide range of asset classes, including domestic and international equities and fixed-income securities.
Planned AdvisorShares ETF Will Take On MINT
AdvisorShares has filed for an actively managed ETF that will own a wide range of debt securities, targeting an average duration of one to three years, much like the strategy of the highly successful Pimco Enhanced Short maturity Strategy ETF (NYSEArca: MINT). The Newfleet Multi-Sector Income ETF (NYSEArca: MINC) will be managed by Newfleet Asset Management. The filing did not include an expense ratio.
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