ETF News - 9/25/2014

Posted on 09/25/2014

ETF news including new launches, closings, and ETF filings.

  • On September 19th, Global X Funds announced they would close the Global X Canada Preferred ETF CNPF and the Global X Pure Gold Miners ETF GGGG. These funds will trade until October 16th with liquidation occurring on October 24th. According to Global X, these two funds represent less than 1% of their total assets under management.
  • On Friday, September 19th, Goldman Sachs Group Inc filed with the SEC to launch a series of active ETFs, including one equity ETF dividend fund. Five years ago, the company filed for permission to launch passive index-tracking ETFs but never introduced any funds. Goldman also filed on Friday for approval to self-index, allowing them to have funds with their own proprietary indexes. The initial fund mentioned in the filing is the Goldman Sachs Equity Dividend fund. It will primarily invest in dividend paying US equities.
  • Last week, Guggenheim Investments launched four new funds to its BulletShares bond ETF lineup. This lineup allows investors to treat entire diversified corporate bond portfolios as if they were individual expiring bonds. The new additions to the lineup include two investment-grade funds with expense ratios of 0.24 percent and two high-yield funds with expense ratios of 0.42 percent.
  • Guggenheim BulletShares 2023 Corporate Bond ETF BSCN
  • Guggenheim BulletShares 2024 Corporate Bond ETF BSCO
  • Guggenheim BulletShares 2021 High Yield Corporate Bond ETF BSJL
  • Guggenheim BulletShares 2022 High Yield Corporate Bond ETF BSJM

 

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Symbol Performance
SCIF 40.029%
SCIN 39.320%
SMIN 36.097%
EPOL 30.856%
INXX 30.208%
EMQQ 30.153%
KWEB 29.945%
PLND 28.784%
ARKK 27.581%
PGJ 25.377%
PGJ.TR 25.377%
Sector Symbol Performance
Healthcare BBH 24.115%
Technology FDN 24.071%
Real Estate FRI 20.716%
Basic Materials GDX 20.084%
Consumer Cyclical FXD 19.032%
Energy DBE 14.946%
Industrial EXI 14.443%
Financial BSV 13.661%
Utilities FIW 13.357%
Consumer Noncyclical FXG 11.200%
Telecommunications IXP 8.496%
Financial Services FREL 3.198%

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