Daily ETF Watch: WBI Joins ETF Fray

December 10, 2013

Another money management firm looks to enter the vibrant world of ETF issuance.

Little Silver, N.J.-based WBI Investments is throwing its hat into the ETF arena and is prepping a slate of dividend bond and equity ETFs to provide investors with tools to navigate the current ultra-low interest rate environment.

With bond yields still at historical lows, using dividend-paying equities as a yield-replacement strategy continues to be a major investment theme for investors in 2013 as it was in 2012.

However, the recent stronger-than-expected November jobs report, a dip in unemployment figures and rising Treasury yields have once again stirred up whispers of a sooner-than-expected tapering of the Federal Reserve’s quantitative easing policies.

Whether rates head higher or stay low, investors are fretting about how to organize the income-producing portions of their portfolios. That concern is all the more acute if rates start trending higher in the coming months and even years, as the transitioning playing field will present investors with a shifting reality as they strive to keep steady their income streams.

WBI’s ETFs will employ the “Absolute Shares” moniker and include the:

  • WBI AbsoluteCore Shares Global SMID Growth ETF
  • WBI AbsoluteCore Shares Global SMID Value ETF
  • WBI AbsoluteCore Shares Global SMID Yield ETF
  • WBI AbsoluteCore Shares Global SMID Select ETF
  • WBI AbsoluteCore Shares Global Large Growth ETF
  • WBI AbsoluteCore Shares Global Large Value ETF
  • WBI AbsoluteCore Shares Global Large Yield ETF
  • WBI AbsoluteCore Shares Global Large Select ETF
  • WBI AbsoluteCore Shares Tactical Bond ETF
  • WBI AbsoluteCore Shares Tactical High Income ETF

No associated tickers or fees were detailed in the filing.

Launches:

UBS is taking its Etracs Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) live on the NYSE Arca on Wednesday, Dec. 11, the exchange said in an electronic communique. No further details about the exchange-traded note were immediately available, as is often the case with ETNs nearing launch.

Filings:

iShares updated the prospectus detailing its planned iShares Liquidity Income ETF to include a ticker (ICSH) and associated fees (0.18 percent, or $18 for every $10,000 invested) for the fund, which will trade on the BATS exchange.

 

 

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