- PowerShares and Deutsche Bank roll out leveraged Treasury ETNs
- SSgA plans global natural resources ETF
- Van Eck to launch minor metals fund
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NEW LISTINGS
PowerShares And Deutsche Bank Launch Leveraged Treasury ETNs
On June 29, Deutsche Bank expanded its lineup of exchange-traded notes that are marketed by PowerShares with the launch of two leveraged long-dated Treasury ETNs—one bullish and one bearish—that offer investors triple the monthly returns of the index and its inverse, respectively. The PowerShares DB 3X Long 25+ Year Treasury Bond Exchange Traded Note (NYSEArca: LBND) and the PowerShares DB 3X Short 25+ Year Treasury Bond Exchange Traded Note (NYSEArca: SBND) each charge an expense ratio of 95 basis points.
Read the original IU.com article here.
Read the prospectus for the ETNs here.
NEW FILINGS
State Street Plans Global Natural Resources SPDR
State Street Global Advisors recently outlined plans for the SPDR S&P Global Natural Resources ETF. The fund will track an index of 60 of the largest publicly traded companies in the global agriculture, energy, and metals and mining sectors. Index constituents will be weighted according to market capitalization but are capped so that no single security exceeds 5 percent of total assets. The ETF will trade on the NYSE Arca platform under the ticker symbol GNR. State Street didn’t specify an expense ratio in the filing. The field for natural resources equities ETFs is already a crowded one, but there’s a lot of demand for investment opportunities in that area as well.
Read the original IU.com article here.
Read the SEC filing here.
Van Eck Outlines Details For First ‘Minor Metals’ ETF
Van Eck Global filed recently with the SEC for a new ETF that will track an index of so-called minor metals, such as titanium and cobalt, that are thinly traded. The Market Vectors Minor Metals ETF will replicate the performance of the Minor Metals Index, which comprises a group of about 30 publicly traded companies engaged in the mining, refining and manufacturing of such metals, the filing said. The index is provided by Frankfurt, Germany-based Structured Solutions AG. Van Eck didn’t specify an expense ratio or a ticker symbol for the new fund.
Read the original IU.com article here.
Read the SEC filing here.
Grail Advisors To Launch Emerging Markets Debt Fund
Grail Advisors is planning to launch an actively managed emerging markets debt ETF, according to a recent SEC filing. The Grail DoubleLine Emerging Markets Fixed Income ETF will normally invest at least 80 percent of its assets in dollar-denominated fixed-income securities issued by at least four different emerging market countries. Grail said its new ETF will cost 0.95 percent a year when it starts to trade on the New York Stock Exchange. DoubleLine Capital will serve as a subadviser to the fund.
Read the original IU.com article here.
Read the SEC filing here.
WisdomTree Seeks To Offer Fund-Of-Funds ETFs
WisdomTree has filed for exemptive relief from the SEC that would extend its ETF franchise into the fund-of-funds realm. The initial fund-of-funds the firm plans once its “exemptive relief” filing is approved by the SEC will be designed to make monthly cash payout while providing returns that correspond to the price and yield of an index of large-capitalization equity securities listed on U.S. securities exchanges, the filing said.
Read the original IU.com article here.
Read the SEC filing here.
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