Below are some of the recent stories in the ETF industry for this week:
- iPath recently announced that they are launching a new suite of iPath Commodity Exchange Trade Notes (ETNs). According to iPath, the products should be trading by next week. The ETNs will offer exposure to the broad commodity space, as well as single commodity exposure, and they will also mitigate roll yield (the effects of contango and backwardation), all these ETNs will have an expense ratio of .75%. For more information you can go to: www.ipathetn.com
- iPath® Pure Beta Broad Commodity ETN [BCM]
- iPath® Pure Beta S&P GSCI®-Weighted ETN [SBV]
- iPath® Pure Beta Agriculture ETN [DIRT]
- iPath® Pure Beta Energy ETN [ONG]
- iPath® Pure Beta Grains ETN [WEET]
- iPath® Pure Beta Industrial Metals ETN [HEVY]
- iPath® Pure Beta Livestock ETN [LSTK]
- iPath® Pure Beta Precious Metals ETN [BLNG]
- iPath® Pure Beta Softs ETN [GRWN]
- iPath® Pure Beta Aluminum ETN [FOIL]
- iPath® Pure Beta Cocoa ETN [CHOC]
- iPath® Pure Beta Coffee ETN [CAFE]
- iPath® Pure Beta Copper ETN [CUPM]
- iPath® Pure Beta Cotton ETN [CTNN]
- iPath® Pure Beta Crude Oil ETN [OLEM]
- iPath® Pure Beta Lead ETN [LEDD]
- iPath® Pure Beta Nickel ETN [NINI]
- iPath® Pure Beta Sugar ETN [SGAR]
- iPath® Seasonal Natural Gas ETN [DCNG]
- Making news in the ETF world, PIMCO, announced recently that it plans to launch an ETF that is going to be similar to its popular bond fund, PIMCO Total Return Retail [PTRRX]. According to Morningstar, PIMCO "is proposing the actively managed PIMCO Total Return Exchange-Traded Fund [TRXT], which would disclose portfolio holdings daily." No expense fee's for this ETFhave been announced yet, but it will be a more affordable than the fee mutual fund associated with the mutual fund. Click here to view the PIMCO filing
- Late last week iShares filed paperwork with the SEC to include two new exchange traded funds to their lineup of S&P target date index funds. The two new entries are an attempt to increase the firms exposure into the retirement realm: the iShares S&P Target Date 2045 Index Fund and the iShares S&P Target Date 2050 Index Fund. Both ETFs, which will follow a respective S&P benchmark through key characteristic selection, and will be constructed of securities of other iShares funds that focus on everything from U.S. equities, to bonds, to international exposure. Currently no tickers or fees were announced, but for more details go here: iShares filing
- Teucrium Commodity Trust, a company solely focused on futures-based commodities ETFs, recently filed paperwork with the SEC to propose a multi-commodity exchange-traded fund that will invest in four of the company's own commodity funds. The Teucrium Agricultural Fund [TAGS] will be an equal weight Agricultural ETF that will be uniformly dispersed in the Teucrium Corn Fund [CORN], the Teucrium Wheat Fund [WEAT], the Teucrium Soybean Fund [SOYB] and the Teucrium Sugar Fund [CANE]. TAGS will be rebalanced daily in an effort to maintain equal exposure of around 25% of its assets invested in each of the four underlying ETFs. According to the filing TAGS will not charge an expense fee, but will collect a charge of 1% a year from the 4 core ETFs it is comprised of.