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Here are some of last week’s highlights:
- PowerShares rolls out domestic small-cap sector family
- GlobalShares launches three international funds
- Van Eck unveils Latin America small-cap ETF
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NEW LISTINGS
PowerShares Debuts Small-Cap Sector Family
PowerShares launched nine U.S. small-cap sector ETFs on April 7 on Nasdaq. The funds track subsets of the S&P SmallCap 600 Index, and are designed in a way similar to the Select Sector SPDRs. In fact, their symbols are the same as those of the corresponding SPDRs—just with an extra “S” on the end. Each fund charges an expense ratio of 0.29 percent.
The new funds include the following:
- PowerShares S&P SmallCap Consumer Discretionary Portfolio (NasdaqGM: XLYS)
- PowerShares S&P SmallCap Consumer Staples Portfolio (NasdaqGM: XLPS)
- PowerShares S&P SmallCap Energy Portfolio (NasdaqGM: XLES)
- PowerShares S&P SmallCap Financials Portfolio (NasdaqGM: XLFS)
- PowerShares S&P SmallCap Health Care Portfolio (NasdaqGM: XLVS)
- PowerShares S&P SmallCap Industrials Portfolio (NasdaqGM: XLIS)
- PowerShares S&P SmallCap Information Technology Portfolio (NasdaqGM: XLKS)
- PowerShares S&P SmallCap Materials Portfolio (NasdaqGM: XLBS)
- PowerShares S&P SmallCap Utilities Portfolio (NasdaqGM: XLUS)
Read the original IU.com article here.
Read the prospectus for the funds here.
Old Mutual Launches Three More GlobalShares ETFs
GlobalShares launched three broad-based international ETFs that it hopes will do well against competing funds because of their slight tilt toward smaller companies. The funds are the GlobalShares FTSE All Cap Asia Pacific ex Japan Fund (NYSEArca: GSZ), the GlobalShares FTSE All World Fund (NYSEArca: GSW) and the GlobalShares FTSE All-World ex U.S. Fund (NYSEArca: GSO).
These are not the first funds to cover these regions, but the underlying indexes of these new ETFs carry a bit more of a small-cap tilt that could make them an appealing alternative for investors. GSZ, the Asia Pacific fund minus Japan, has an expense ratio of 0.50 percent, while the all-world and the all-world ex U.S. ETFs will each cost investors 0.35 percent a year.
Read the original IU.com article here.
Read the prospectus for the funds here.
Van Eck’s LATM Begins Trading
Van Eck launched a small-cap ETF focused on all of Latin America on April 7. The Market Vectors Latin America Small-Cap Index ETF (NYSEArca: LATM) costs investors 0.63 percent. Almost two-thirds of the portfolio is dedicated to a combination of Brazilian and Mexican companies, with Brazil representing about 43 percent and Mexico at 23 percent. Its underlying index includes 81 securities.
Read the original IU.com article here.
Read the prospectus for LATM here.
JETS Rolls Out Contrarian ETF
Princeton, N.J.-based investment firm Javelin Investment Management rolled out its JETS Contrarian Opportunities Index Fund (NYSEArca: JCO) on April 9; the first-of-its-kind product offering investors access to stocks that are currently out of favor. JCO tracks an index from Dow Jones Indexes that has 125 components selected based on their strong fundamentals despite recent underperformance. The fund charges an expense ratio of 0.58 percent.
Read the original IU.com article here.
Read the prospectus for JCO here.
ProShares Unveils Biotech Funds
On April 8, ProShares launched the Ultra Nasdaq Biotechnology (NasdaqGM: BIB) and the UltraShort Nasdaq Biotechnology (NasdaqGM: BIS). BIB offers 200 percent of the daily return of the Nasdaq Biotechnology Index, while BIS seeks to capture -200 percent of same index’s return. The funds each charge expense ratios of 0.95 percent.
Read the original IU.com article here.
Read the prospectus for BIB here and the prospectus for BIS here.
NEW FILINGS
Global X Files For Brazil Sector ETFs
Global X filed with the Securities and Exchange Commission to offer six ETFs aimed at Brazil’s growing economy. The funds are the Global X Brazil Consumer ETF, the Global X Brazil Financials ETF, the Global X Brazil Industrials ETF, Global X Brazil Materials ETF, the Global X Brazil Utilities ETF and the Global X Brazil Mid Cap ETF. The prospectus also included the Global X China Mid-Cap ETF. The filing didn’t specify annual management fees or ticker symbols, but it did say the ETFs are likely to list on the New York Stock Exchange.
Read the original IU.com article here.
Read the SEC filing here.
U.S. One Filing Covers Fund-Of-Funds ETF
U.S. One Trust filed to offer a fund-of-funds ETF that will focus on companies around the world and benchmark its performance to the S&P 500. The One Fund, which will trade on the New York Stock Exchange under the symbol “ONEF,” will invest in ETFs tracking various indexes that include large-, mid- and small-capitalization companies in the U.S., Europe and Asia as well as other developed and emerging markets. The ETF will have annual fees totaling 0.51 percent.
Read the original IU.com article here.
Read the filing here.
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