Posted on 06/28/2012
United States Commodity Funds has launched the United States Metals Index Fund (USMI) which tracks the SummerHaven Dynamic Metals Total Return Index. The ETF uniquely offers exposure to a basket of both industrial and precious metals futures contracts. The expense ratio is 0.90 percent. Huntington has launched the Huntington EcoLogical Strategy ETF (HECO) which will target companies that "have positioned their business to respond to increased environmental legislation, cultural shifts towards environmentally conscious consumption, and capital investments in environmentally oriented projects." The expense ratio is 0.95 percent. First Trust has launched the North American Energy Infrastructure Fund (EMLP), which will invest in Master Limited Partnerships, Canadian income trusts, pipeline companies, and utilities that generate at least half of their revenues from the operation of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage. The expense ratio is 0.95 percent. StateStreet has launched two funds:
