• AdvisorShares debuts with DENT
• SSgA launches preferred stock ETF
• EGA rolls out emerging markets financials fund

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NEW LISTINGS

SSgA Launches Preferred Stock ETF

Sept. 17 saw the launch of the SPDR Wells Fargo Preferred Stock ETF (NYSEArca: PSK), which tracks an index of 160 nonconvertible preferred stocks. The fund charges an expense ratio of 0.45 percent. It is the third preferred stock ETF to hit the market, with competitors fielded by the iShares and PowerShares families of ETFs.

EGA Launches Emerging Market Financials ETF

Emerging Global Advisors LLC rolled out another of its emerging markets sector exchange-traded funds on Sept. 16. The Emerging Global Shares Dow Jones Emerging Markets Financials Titans Fund (NYSEArca: EFN) tracks an index of 30 financial companies drawn from 10 different emerging markets. The new fund charges 85 basis points.

AdvisorShares’ DENT Lists

The AdvisorShares ETF family made its debut with the launch of the AdvisorShares Dent Tactical ETF (NYSEArca: DENT) on Sept. 16. The fund is based on the research and quantitative management style of money manager Harry Dent. The actively managed fund is essentially an ETF of ETFs and comes with a management fee of 1.56 percent.

[Bloomberg] PowerShares Files For Build America Bonds ETF

Bloomberg News covered a recent filing from Invesco PowerShares for an ETF that will hold Build America Bonds, which are municipal bonds that are part of the federal stimulus program. The Build American Bond Portfolio will track an index from Merrill Lynch.

Van Eck Filing Covers Junior Gold Miners

Van Eck filed earlier this year for an ETF tracking “junior” – or small- to mid-cap – gold and silver mining companies. The proposed fund would join the firm’s existing gold miners ETF – the Market Vectors Gold Miners ETF (NYSEArca: GDX) – which targets large-cap gold mining stocks. That fund has accumulated nearly $4.5 billion in assets. No existing ETF covers small- and mid-cap precious metals miners.

UNG Slated To Reopen This Month

The managers of the U.S. Natural Gas Fund (NYSEArca: UNG) announced last week that they would likely begin accepting new creation units for the fund on Sept. 28. Creations had been halted in July after the CFTC was slow to approve an expansion of UNG’s allowed number of creation units; when approval finally did come, the fund’s managers still kept it closed out of concerns related to possible increased regulation.

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