Posted on 09/07/2012
- On August 28th, Van Eck filed paperworkwith the SEC seeking to bring to market their Market Vectors Short High-Yield Municipal Index ETF. The proposed ETF is passively managed and targets short-term municipal bonds which offer high yields. Neither an expense ratio or ticker symbol were provided.
- On August 28th, ProShares announced that on September 6th it plans a 1-for-10 reverse split for the ProShares Ultra VIX Short-Term Futures ETF[UVXY] according to their press release. The fund will trade at its post-split price on September 7th and the ticker symbol will remain the same.
- On August 29th, BroadSouth Investment Management, a firm which mainly focuses on Latin American Funds, filed paperwork with the SEC seeking permission to commence the issuing of passively managed ETFs. Although specifics regarding what types of ETFs they are proposing is scarce they did mention a set of fixed income and equity ETFs which will be based on "Blended Global Indices."
- On August 30th, FirstTrust launched its First Trust CBOE VIX Tail Hedge Index Fund[VIXH]. According to the fund's fact sheet VIXH, "tracks the performance of a hypothetical portfolio that buys each equity security in the S&P 500 Index (with dividends reinvested) and allocates a selective percentage to one-month call options on the VIX Index." The expense ratio is 0.60.
