Journal of Indexes Staff

Journal Of Indexes

​WisdomTree Launches EM Consumer Fund​

WisdomTree in late September launched the WisdomTree Emerging Markets Consumer Growth Fund (EMCG) on the Nasdaq in what appears to be a riposte to a very successful fund in the emerging market space, the EGShares Emerging Markets Consumer ETF (ECON | D-48).

EMCG bets on a basket of earnings-weighted securities, generating at least 60 percent of its revenue from the emerging markets and no more than 25 percent of its revenue from the U.S., Europe or Japan, according to a press release.

Journal Of Indexes

First Trust Debuts Int'l Multi-Asset Income ETF

First Trust launched a non-U.S.-focused diversified income ETF, the International Multi-Asset Diversified Income Index Fund (YDIV), in August. The fund is a follow-on to the firm's similar but U.S.-focused fund, "MDIV."

Journal Of Indexes

EEB, BBRC Change Indexes

Guggenheim and Emerging Global Advisors each announced they would change the indexes on one of their ETFs in October.

With its new index, the $218 million Guggenheim BRIC ETF (EEB | B-42) will be adding global depositary receipts (GDRs), and with them, newfound access to Russia; while the $10.5 million EGShares Beyond BRICs ETF (BBRC | F-48) will change to a FTSE index that integrates frontier-market holdings into the fund for the first time.

Journal Of Indexes

Fidelity Plans US Sector ETFs

Fidelity Investments put 10 index-based sector ETFs into registration in late July—the first sign that the partnership it formed with BlackRock covering indexed and indexed sector strategies is taking shape.

Journal Of Indexes

Barclays Closes Inverse EAFE-Linked ETN

Barclays Plc redeemed the iPath Short Enhanced MSCI EAFE ETN (MFSA) after the security's automatic redemption feature was triggered—a function of the inverse ETN's falling price as global stock markets were rising.

The ETN, which was redeemed on Sept. 17, hit its automatic redemption level of $37.50 a share on Sept. 10, Barclays said in a press release. The ETN shares were to be redeemed at that share price.

Journal Of Indexes

KraneShares Expands Lineup With China Internet ETF

KraneShares kicked off August with the launch of an ETF of Chinese Internet-focused companies that are listed either in Hong Kong or outside of China. The KraneShares CSI China Internet ETF (KWEB) has an annual expense ratio of 0.68 percent.

Journal Of Indexes

GDX's Index Gets A Revamp

Effective Sept. 23, the NYSE Arca Gold Miners Index underwent some major changes, including opening its portfolio to international holdings to further diversify it. The benchmark underlies the Market Vectors Gold Miners ETF (GDX | A-53), the world's biggest gold miner ETF.

Journal Of Indexes

Schwab Debuts 6 Fundamental ETFs

In mid-August, Charles Schwab rolled out its new lineup of six fundamental ETFs linked to Rob Arnott's Research Affiliates' methodology that will go head-to-head with a lineup from PowerShares, among others.

Journal Of Indexes

US-Listed ETFs Surpass 1,500 In Number

On Aug. 15, with the launch of six fundamental index funds from Schwab and a dividend-focused fund from Emerging Global Advisors, the number of exchange-traded funds listed in the U.S. jumped from 1,497 to 1,503, breezing past the 1,500 mark. The day marks another milestone for the ETF industry in 2013.