PowerShares files for two more fund-of-funds ETFs using rotation strategies.
Small-cap ETFs are struggling this year, especially those that favor the smallest firms.
First Trust adds to international equity fund lineup with two new broad small-cap ETFs focused on the developed and developing markets.
New research from Morgan Stanley found that inflows into U.S.-listed ETFs topped $11.6 billion in the first three months of 2007, bringing total ETF assets in the U.S. to approximately $480 billion. That actually represents a significant slowdown in asset growth, as it calculates out to just 10 percent annualized growth. In comparison, the industry grew 40 percent in 2006.
First Trust rolls out 17 alpha-seeking ETFs, pushing the total number of U.S.-listed ETFs over 500.