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
Sector Symbol Performance
Technology FDN 45.926%
Healthcare BBH 36.339%
Real Estate FRI 28.440%
Consumer Cyclical FXD 22.234%
Basic Materials GDX 21.880%
Financial BSV 20.101%
Energy DBE 19.493%
Industrial EXI 17.914%
Consumer Noncyclical FXG 16.320%
Utilities FIW 15.589%
Telecommunications IXP 11.543%
Financial Services FREL 4.222%

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