Daily ETF Watch: Horizons Preps 3 ETFs

December 11, 2013

The Canadian fund company registers three more ETFs in the U.S.

Horizons ETF Trust is currently prepping a trio of country-specific ETFs to make dividend plays in China, Canada and South Korea at a time when investors are scouring all corners of the globe for yields.

Specifically, the Horizons China High Dividend Yield ETF will track the Hang Seng High Dividend Yield Index, which comprises 50 constituent securities listed on the stock exchange of Hong Kong with the highest net dividend yield.

The Horizons KOSPI 200 ETF will track the KOSPI 200 Index, a free-float-adjusted, market-capitalization-weighted index comprising 200 blue chip companies listed on the Korea Stock Market.

And the Horizons S&P/TSX 60 ETF will track the S&P/TSX 60 Index, which comprises 60 of the largest and most liquid securities listed on the Toronto Stock Exchange and selected by S&P Dow Jones Indices.

No tickers and associated fund fees were disclosed in the filing.

 

Filings

  • Direxion is looking to add a single-exposure iteration of its Financial Bull Shares ETF, dubbed the Direxion Financial Bull 1X Shares ETF, which will track the Russell 1000 Financial Services Index. The fund will charge 0.65 percent, or $65 for every $10,000 invested.
  • Market Vectors has completed the conversion of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the Market Vectors Emerging Markets Aggregate Bond ETF (EMAG), which tracks the Market Vectors EM Aggregate Bond Index. EMAG’s expense ratio is 0.49 percent, or $49 for every $10,000 invested.

 

 

 

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