ETF Week: USAA Enters Fold

October 27, 2017

Below is a roundup of key developments in the ETF space during the week started Oct. 23, 2017:

Launches

USAA launched a lineup of four MSCI-linked smart-beta equity ETFs that blend value and momentum, and two actively managed aggregate-type bond funds:

iShares launched the iShares Broad USD High Yield Corporate Bond ETF (USHY), a fund that owns roughly twice as many bonds as the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) from 2.5 times as many issuers. USHY costs 0.22%.

VictoryShares, the ETF issuer known for its volatility-weighted strategies, listed on the Nasdaq the Emerging Market High Div Volatility Wtd ETF (CEY). CEY costs 0.50%.

Fee/Index Changes

Deutsche Asset Management made changes to three of its Xtrackers ETFs:

IndexIQ said it will cut fees on one of its most successful ETFs, the IQ Hedge Multi-Strategy Tracker ETF (QAI), by some 22%. QAI will cost 0.76%, down from 0.98%, effective Nov. 1.

Filings

InsightShares, a new brand to the ETF space, powered by UBS, put in registration two equity ETFs to be offered by white-label provider Exchange Traded Concepts that will focus on specific demographics. They are the InsightShares Military Veterans ETF and the InsightShares LGBT Employment Equality ETF. No tickers or fees were disclosed.

ALPS ETF Trust put in registration an ETF that would offer exposure to so-called disruptive technologies, the ALPS Disruptive Technologies ETF. No tickers or fees were disclosed.

For more on launches, filings and closures, visit the ETF Watch page.

Contact Cinthia Murphy at cmurphy@etf.com

 

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