• Page 1: New ETF listings and new ETFs in registration
• Page 2: ETF industry statistics – with new top and bottom performers data.
• Page 3: The complete list of ETFs (and ETNs) in registration

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NEW LISTINGS

New Rydex Funds Go Up Against ProShares

Rydex Investments finally made good on its promise to challenge ProShares in the leveraged exchange-traded fund (ETF) market, launching six leveraged and inverse-leveraged ETFs on November 7 on the American Stock Exchange (AMEX).

The funds track three indexes: the S&P 500, the S&P MidCap 400 and the Russell 2000. Each index is tied to two funds—one targeting 200% of the daily returns of the index and another targeting 200% of the inverse (or -200%) of the index's daily returns.

ProShares already offers ETFs with essentially the same strategy and tracking the same indexes, but Rydex aims to steal market share with a lower expense ratio: 0.70% vs.0 .95% for ProShares ETFs. The question is whether ProShares users will focus on the expense ratio differential, or if the company’s first-mover advantage—and the huge liquidity in the ProShares ETFs—will carry the day. Rydex plans to launch many more leveraged and inverse-leveraged ETFs in the future.

Get the full story from IndexUniverse.com here.

You can view the prospectus here.

ProShares Launches ETFs Shorting China, Japan

On November 8, ProShares wrapped up the initial launch of its first international ETFs with the rollout of the UltraShort FTSE/Xinhua China 25 ProShares (AMEX: FXP) and the UltraShort MSCI Japan ProShares (AMEX: EWV) funds.

The funds aim to achieve 200% of the inverse of the daily returns of the underlying index. FXP has been receiving a lot of attention because it represents the only vehicle by which investors can short China. With China’s stocks reaching stratospheric levels lately, many are eager to bet on the possibility that the country’s market is heading for a correction.

As with all funds in the ProShares family, the two ETFs carry an expense ratio of 0.95%.

You can view the prospectus here.

Claymore Offers New CUT Of Global Market

The new Claymore/Clear Global Timber ETF is the first U.S.-listed fund to offer retail investors exposure to the non-correlated returns of the timber market. Timber has historically been favored by institutional investors, who are able to tap into the market through trusts and private investments. The new fund, which trades on the American Stock Exchange (AMEX) with the wonderful ticker CUT, offers diversified exposure to the space for just 0.65% in annual expenses. The fund tracks the Clear Global Timber Index.

Get the full story from IndexUniverse.com here.

The prospectus is available here.

Dogs Of The Dow Get Their Own ETN

The ELEMENTS ETN platform added another ETN to its lineup with the launch of the ELEMENTS Dow Jones High Yield Select 10 Total Return Index ETN (NYSE Arca: DOD), bringing its total to seven products. Like all of the other ETNs on the ELEMENTS platform, DOD carries an expense ratio of 0.75%.

The methodology of the index underlying the ETN, the DJ High Yield Select 10 Total Return Index, is based on a strategy very similar to the “Dogs of the Dow,” which was developed under the premise that a high dividend yield indicates a depressed stock price. Every December, the index is rebalanced to include the ten stocks with the highest annual dividend yields in the Dow Jones Industrial Average. Although the DJIA is a price-weighted index, the components of the DJ High Yield Select 10 Index are equal-weighted.

The current components of the index currently are Verizon, JPMorgan Chase, DuPont, General Electric, General Motors, Altria, Merck, Pfizer, AT&T and Citigroup. With just ten stocks, the index is a bit narrow for an ETF or regular mutual fund, but fits the note structure well.

Deutsche Bank is the issuer of DOD.

Get the full story from IndexUniverse.com here.

You can read the prospectus here.

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