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ETF Watch

ETF Watch: RBS Debuts Large-Cap Alternator ETN
By Heather Bell | September 06, 2012


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WEDNESDAY, SEPT. 5

RBS Adds S&P 500 Rotation ETN To Lineup
The Royal Bank of Scotland rolled out an exchange-traded note tracking an index rotating among three versions of the S&P 500 Index. The RBS US Large Cap Alternator Exchange Traded Note (NYSEArca: ALTL) shifts its allocation between the S&P 500 Total Return Index, the S&P 500 Low Volatility Total Return Index or the S&P 500 Equal Weight Total Return Index based on relative strength technical indicators. ALTL has a management fee of 1.00 percent.

FactorShares Plans Miner ETFs
FactorShares has filed paperwork with the Securities and Exchange Commission describing three equities ETFs it plans to launch that will invest in different types of miners and exploration companies. The PureFunds ISE Diamond/Gemstone ETF (NYSEArca: GEMS), PureFunds ISE Mining Service ETF (NYSEArca: MSXX) and PureFunds ISE Junior Silver ETF (NYSEArca: SILJ) will each have expense ratios of 0.69 percent. GEMS will invest in gemstone producers, selecting the largest and most liquid companies, while MSXX will cover companies that provide mining services and equipment. SILJ will invest in small-cap silver-mining companies.

Global X Revamps TSXV As JUNR
As of Sept. 6, the Global X S&P/TSX Venture 30 Canada ETF (NYSEArca: TSXV) will have a new focus. The revamped fund has a new index, name and ticker. Reconfigured as the Global X Junior Miners ETF (NYSEArca: JUNR), the fund will now focus on junior mining companies and track the Solactive Junior Miners Index. The fund's expense ratio will remain 0.75 percent.