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Editor's Note: As of the start of 2012, ETF Watch has transitioned to daily updates, rather than weekly.
THURSDAY, AUG. 23
iShares Stuffs Product Pipeline With 11 ETFs iShares, the world's biggest ETF firm, put a total of 11 ETFs into registration this week, including four that expand its "investable markets" ETF lineup; four bond ETFs; and three other equity funds, a U.S.-focused dividend ETF among them.
The investable markets ETFs include:
The freshly registered bond ETFs include:
Among the bond fund registration statements was updated paperwork with specific details suggesting a previously announced ETF was nearing launch. That fund is:
The short-term bond ETF, which will trade under the symbol "NEAR," will come with an annual expense ratio of 0.25 percent.
The dividend-focused ETF and the other two equity ETFs are:
Index IQ Plans Active ETFs A recent filing from IndexIQ details the firms plans to launch a raft of nine actively managed ETFs, including seven bearish funds. The filing did not include any expense ratios or tickers for the ETFs. The list of funds in the registration statement includes:
- IQ Global Equity ETF
- IQ Long/Short Alpha ETF
- IQ Short Alpha ETF
- IQ Bear Large Cap U.S. Equity ETF
- IQ Bear Small Cap U.S. Equity ETF
- IQ Bear Non-Financial U.S. Equity ETF
- IQ Bear Industry Leaders U.S. Equity ETF
- IQ Bear International Equity ETF
- IQ Bear Emerging Markets Equity ETF
Legg Mason Seeks To Market Index ETFs Legg Mason, the mutual fund manager that has previously filed with regulators to market active ETFs, submitted new regulatory paperwork requesting permission to offer index ETFs. In that new paperwork, the Baltimore-based company detailed an initial dividend-focused fund it is calling Legg Mason Global Income ETF.
Global X Has Junior MLP ETF In The Works Global X, the New York-based ETF sponsor known for its niche investment strategies, submitted regulatory paperwork detailing plans to bring to market the Global X Junior MLP ETF, a fund focused on small-cap master limited partnerships.
MONDAY, AUG. 20
Russell Throws In The Towel On Its Index ETFs Russell Investments, the money management firm that began launching its own ETFs in May 2011 with a distilled focus on indexed smart-beta strategies, will close all but one of its funds because they haven't gathered the assets to justify their continued existence.
Following is a list of the funds Russell is shutting down:
- Russell 1000 High Beta ETF (NYSEArca: HBTA)
- Russell 1000 Low Beta ETF (NYSEArca: LBTA)
- Russell 1000 High Volatility ETF (NYSEArca HVOL)
- Russell 1000 Low Volatility ETF (NYSEArca: LVOL)
- Russell 1000 High Momentum ETF (NYSEArca: HMTM)
- Russell 2000 High Beta ETF (NYSEArca: SHBT)
- Russell 2000 Low Beta ETF (NYSEArca: SLBT)
- Russell 2000 High Volatility ETF (NYSEArca: SHVY)
- Russell 2000 Low Volatility ETF (NYSEArca: SLVY)
- Russell 2000 High Momentum ETF (NYSEArca: SHMO)
- Russell Developed ex-U.S. Low Beta ETF (NYSEArca: XLBT)
- Russell Developed ex-U.S. Low Volatility ETF (NYSEArca: XLVO)
- Russell Developed ex-U.S. High Momentum ETF (NYSEArca: XHMO)
- Russell Aggressive Growth ETF (NYSEArca: AGRG)
- Russell Consistent Growth ETF (NYSEArca: CONG)
- Russell Contrarian ETF (NYSEArca: CNTR)
- Russell Equity Income ETF (NYSEArca: EQIN)
- Russell Growth at a Reasonable Price ETF (NYSEArca: GRPC)
- Russell Low P/E ETF (NYSEArca: LWPE)
- Russell Small Cap Aggressive Growth ETF (NasdaqGM: SGGG)
- Russell Small Cap Consistent Growth ETF (NasdaqGM: SCOG)
- Russell Small Cap Contrarian ETF (NasdaqGM: SCTR)
- Russell Small Cap Low P/E ETF (NasdaqGM: SCLP)
- Russell High Dividend Yield ETF (NYSEArca: HDIV)
- Russell Small Cap High Dividend Yield ETF (NYSEArca: DIVS)
FlexShares Files To Offer 6 Dividend-Focused ETFs FlexShares, the ETF arm of Northern Trust, filed regulatory paperwork with the U.S. Securities and Exchange Commission that focus on U.S. and international stocks, and have rules-based indexes that screen for different levels of volatility.
The six funds are:
- FlexShares Quality Dividend Index Fund
- FlexShares Quality Dividend Dynamic Index Fund
- FlexShares Quality Dividend Defensive Index Fund
- FlexShares International Quality Dividend Index Fund
- FlexShares International Quality Dividend Dynamic Index Fund
- FlexShares International Quality Dividend Defensive Index Fund
FlexShares Files To Self-Index ETFs FlexShares, Northern Trust's ETF arm, filed paperwork with the SEC to market ETFs using its own indexes, joining a growing trend in the ETF industry aimed at cutting costs for ETF sponsors.
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