The Winklevoss twins, of Facebook fame, file with regulators to create a bitcoin ETF.
Winklevoss Twins Plan Bitcoin ETF
Cameron and Tyler Winklevoss, famous mainly for their Facebook-related lawsuit, have filed regulatory paperwork that outlines plans to create an ETF around the bitcoin digital currency. The Winklevoss Bitcoin Shares trust will basically hold bitcoins, with its per-share price reflecting a weighted average of of bitcoin prices. It will issue baskets in exchange for deposits of bitcoins, and shareholders will be able to redeem shares for actual bitcoins. The filing did not include an expense ratio or ticker.
Deutsche Bank Files For Subordinated Debt ETF
Deutsche Bank has filed for an ETF that will cover the subordinated corporate bond space. The db X-trackers Solactive Investment Grade Subordinated Debt Fund will track an index from Solactive that targets investment-grade subordinated debt. Subordinated debt ranks above stocks and preferred stocks in terms of payment priority, but below most other forms of corporate debt. The filing did not include a ticker or expense ratio.
EGA Debuts 'Dividend Growth' EM ETF
Emerging Global Advisors rolled out an ETF targeting emerging market stocks with high dividend growth. The EGShares Emerging Markets Dividend Growth ETF (NYSEArca: EMDG) tracks the Emerging All Cap ex-Taiwan Diversified Capped Dividend Growth 50 Index, which was developed jointly by Emerging Global and FTSE and evaluates companies based on dividend quality and growth, and dividend payout ratios. The fund comes with an expense ratio of 0.85 percent.
First Trust Plans Int'l Diversification ETF
First Trust recently submitted a filing outlining plans to launch a multi-asset-class ETF targeting non-U.S. securities. The First Trust International Multi-Asset Diversified Income Index Fund will track an index from Nasdaq that covers dividend-paying stocks, REITS, preferred securities, infrastructure companies and fixed-income ETFs providing exposure to foreign markets. The fund will list on the Nasdaq, but the filing did not include a ticker or expense ratio.
Be careful when making fruit-basket comparisons; you’re likely to come up with lemons.
Pimco is going back to what it does best—generating alpha through fixed-income exposure.
Understanding how to trade ETFs means understanding a number of crucial metrics.
A robotic focus on expense ratios costs more than you think.