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ETF Watch

ETF Watch: FlexShares Debuts MINT Competitor
By Heather Bell | October 11, 2012

Related ETFs: MINT / CAPE / RAVI

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

 

THURSDAY, OCT. 11

FlexShares Debuts Active Short-Duration Bond ETF
FlexShares debuted an actively managed bond ETF focused on the short end of the maturity curve. The FlexShares Ready Access Variable Income Fund (NYSEArca: RAVI) targets investment-grade debt from foreign and domestic issuers and aims for an average duration of less than one year for the overall portfolio. RAVI competes directly with the very successful Pimco Enhanced Short Maturity Strategy ETF (NYSEArca: MINT), undercutting MINT's expense ratio of 0.35 percent by 10 basis points at 0.25 percent.

Barclays Debuts 'CAPE' ETN
Barclays Bank Plc rolled out an ETN on Thursday that is not part of its iPath family of ETNs; the firm has several "stand-alone" ETNs that are not marketed under the iPath brand. The Barclays ETN+ Shiller CAPE ETN (NYSEArca: CAPE) tracks an index that Barclays developed with Robert Shiller that focuses on undervalued sectors of the S&P 500 sectors, as determined by a standardized CAPE ratio and price momentum over the prior 12-month period. The ETF comes with an expense ratio of 0.45 percent.