Here are some of last week’s highlights:

• iShares launches actively managed futures ETF
• First Trust rolls out electricity infrastructure fund
• IndexIQ files for 13 small-cap ETFs

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NEW LISTINGS

iShares Trust Offers Alternative Exposure

The iShares family debuted its first actively managed exchange-traded product, the iShares Diversified Alternatives Trust (NYSEArca: ALT), on Nov. 16. ALT's portfolio comprises exchange-traded futures contracts on everything from commodities, currencies and interest rates to stock and bond indexes, as well as foreign currency forward contracts. It's also one of the first managed futures products to hit the market. The fund charges an expense ratio of 0.95%.

Read the original IU.com story here.

Read the prospectus for ALT here.

Pimco Rolls Out Active Money Market ETF

On Nov. 17, Pimco rolled out the Pimco Enhanced Short Maturity Strategy Fund (NYSEArca: MINT). The actively managed fund is intended to compete with money market mutual funds. It charges an expense ratio of 34 basis points.

Read the original IU.com article here.

Read MINT’s prospectus here.

New PowerShares Covers Recovery Act Bonds

PowerShares launched its Build America Bond Portfolio (NYSEArca: BAB) Nov. 17. The fund covers taxable municipal bonds issued through the government’s American Recovery and Reinvestment Act of 2009. BAB tracks the BofA Merrill Lynch Build America Bond Index, which comprises investment-grade bonds with at least one-year remaining term to maturity, a fixed coupon schedule and a direct pay federal subsidy. All together, the index holds some 1,800 issues, but BAB uses an optimization strategy by holding a sampling of the index’s securities. It charges an expense ratio of 28 basis points.

Read the original IU.com article here.

Read the prospectus for BAB here.

IndexIQ Unveils Another Hedge Fund ETF

Nov. 17 saw the debut of another ETF from IndexIQ that uses a hedge fund-type strategy. The IQ ARB Merger Arbitrage ETF (NYSEArca: MNA) tracks the IQ ARB Merger Arbitrage Index; mainly the index buys stocks of companies for which there’s been a public announcement of a takeover. It also shorts out its broad market exposure using futures, in an attempt to capture a "pure" M&A-related return. The ETF is the first to seek to replicate a hedge fund strategy rather than simply mimic hedge fund returns synthetically. The fund charges an expense ratio of 75 basis points.

Read the original IU.com article here.

Read the prospectus for MNA here.

First Trust Launches Electric Infrastructure Fund

First Trust Advisors rolled out the First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (Nasdaq: GRID) on Nov. 17. The fund is the first of its kind and tracks a modified market capitalization index covering companies engaging in all areas related to the production of electricity. It charges a net expense ratio of 0.60 percent.

Read the original IU.com article here.

Read GRID’s prospectus here.

NEW FILINGS

IndexIQ Files For Small-Cap Suite

IndexIQ recently filed for 13 small-cap ETFs that would track in-house indexes. Nine of the funds would cover the small-cap markets of individual countries: Australia, Canada, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Thailand. The remaining four would cover the small-cap equity segments of four commodity industries: natural gas, crude oil, gold and agribusiness.

Read the original IU.com article here.

Read the prospectus here.

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