On June 7, Direxion Shares announced changes to the underlying benchmarks of eight of its ETFs, switching from Russell indexes to the "more recognizable S&P indexes." The changes which also include adjustments to six of the ticker symbols and two of the names, will take effect on June 29, 2012.
On June 20, Zacks Funds will launch two ETFs designed to capture yield potential:
The Zacks Sustainable Dividend ETF [ZDIV] will track the Zacks Sustainable Dividend Index which invests in 100 U.S. dividend-paying stocks selected from a universe of 1500 large-cap securities. The expense ratio will be 0.70 percent.
The Zacks MLP ETF [ZMLP] will track the Zacks MLP Index which invests in 25 to 50 U.S.-listed Master Limited Partnerships. The expense ratio will be 0.75 percent.