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Editor's Note: As of the start of 2012, ETF Watch has transitioned to daily updates, rather than weekly.
FRIDAY, SEPT. 21
VelocityShares Expands Focus To ETFs
VelocityShares, known mainly for its volatility-focused ETNs, is looking to launch ETFs according to two separate filings made under the ALPS ETF Trust umbrella.
The first filing covers two "fund-of-funds" that will invest in other ETFs and provide hedged exposure to the large-cap space:
- VelocityShares Tail Risk Hedged Large Cap ETF
- VelocityShares Volatility Hedged Large Cap ETF
The second filing covers three emerging markets ETFs that will invest in depositary receipts:
- VelocityShares Emerging Markets Depositary Receipt ETF
- VelocityShares Russia Select Depositary Receipt ETF
- VelocityShares Emerging Asia Depositary Receipt ETF
Neither filing included tickers or fees, although the ETFs in the second filing are slated to list on the Nasdaq stock exchange.
THURSDAY, SEPT. 20
FlexShares Planning EM "Tilt" ETF
Northern Trust's FlexShares unit has filed to launch an emerging markets version of its Morningstar U.S. Market Factor Tilt Index Fund (NYSEArca: TILT). The FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (NYSEArca: TLTE) will provide emerging markets exposure that is tilted towards small-cap and value stocks. It will be tied to an index that covers almost 2,000 securities. TLTE's expense ratio is expected to be 0.65 percent.
KOL, BJK Changing Indexes
Van Eck is switching the indexes on two more of its ETFs to in-house benchmarks as of Sept. 24. The Market Vectors Coal ETF (NYSEArca: KOL) and Market Vectors Gaming ETF (NYSEArca: BJK) will track the Market Vectors Global Coal Index and the Market Vectors Global Gaming Index, respectively. Currently, the funds are tied to the Stowe Global Coal Index and the S-Network Global Gaming Index.
WEDNESDAY, SEPT. 19
WisdomTree Rolls Out Dividend-Focused China ETF
WisdomTree debuted an ETF that targets nonfinancial, dividend-paying Chinese companies. The index-based WisdomTree China Dividend ex-Financials Fund (NasdaqGM: CHXF) selects the 10 companies with the highest yields in each of nine sectors, excluding financials, in China's market. It comes with an expense ratio of 0.63 percent.
ALPS Plans ETFs Based On Goldman Indexes
ALPS recently filed for four in-house ETFs that will track indexes from Goldman Sachs, three of which represent momentum-based strategies that invest in other ETFs and ETNs. The ALPS/GS Risk-Adjusted Return US Large Cap Index ETF (NYSEArca: GSRA) will track an index from Goldman that targets the stocks with the highest risk-adjusted returns. The three "Momentum Builder" ETFs, which will invest in other exchange-traded products, include:
- ALPS/GS Momentum Builder Growth Markets Index ETF (NYSEArca: GSGO), which will hold emerging markets ETFs
- ALPS/GS Momentum Builder Multi-Asset Index ETF (NYSEArca: GSMA), which will target a range of asset classes asset classes
- ALPS/GS Momentum Builder Asia ex-Japan Index ETF (NYSEArca: GSAX), which will hold ETFs focused on Asian equities markets
The filing did not include fees for any of the funds.
TUESDAY, SEPT. 18
AdvisorShares Rolls Out Buy-Write Fund
AdvisorShares debuted an actively managed ETF that utilizes an actively managed global buy-write strategy. The STAR Global Buy-Write ETF (NYSEArca: VEGA) invests mainly in other ETFs and ETNs and sells options against each position. VEGA comes with an expense ratio of 2.01 percent.
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