SSgA launches three new active ETFs.
State Street Global Advisors is launching three active equity ETFs on the NYSE Arca on Thursday, Jan. 9, serving up size- and style-focused opportunities for investors looking to capture capital appreciation.
The launches amount to SSgA’s increasing efforts to expand its footprint in the active ETFs space, a segment that still represents only a minor fragment of the total $1.690 trillion in U.S.-listed ETF assets.
Many analysts and market participants say the next wave of growth in the 21-year-old ETF industry might very well come from actively managed strategies. The vast majority of 1,500-plus funds now on the market are passive strategies.
The new funds include the:
- SPDR MFS Systematic Core Equity ETF (SYE)
- SPDR MFS Systematic Growth Equity ETF (SYG)
- SPDR MFS Systematic Value Equity ETF (SYV)
All three funds will sport an expense ratio of 0.60 percent, or $60 for every $10,000 invested.
- UBS Investment Bank has scheduled coupon payments for 14 Etracs exchange-traded notes, all traded on the NYSE Arca, to be distributed on Jan. 22. The ETNs include:
- Etracs Alerian MLP Infrastructure ETN (MLPI)
- Etracs 2X Monthly Leveraged Long Alerian MLP Infrastructure ETN (MLPL)
- UBS Etracs Alerian Natural Gas MLP ETN (MLPG)
- UBS Etracs Wells Fargo MLP Index ETN (MLPW)
- UBS Etracs Wells Fargo Business Company Fund (BDCS)
- Etracs 2X Leveraged Long Wells Fargo Business Development Company ETN (BDCL)
- Etracs Monthly Pay 2XLeveraged Dow Jones International Real Estate ETN (RWXL)
- Etracs Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN (DVYL)
- Etracs Monthly Pay 2xLeveraged S&P Dividend ETN (SDYL)
- Etracs Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL)
- Etracs Diversified High Income ETN (DVHI)
- Etracs Monthly Pay 2xLeveraged Diversified High Income ETN (DVHL)
- Etracs Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL)
- Etracs Fisher-Gartman Risk On ETN (ONN)
- ALPS has filed updated regulatory paperwork to gain the option of making use of two popular trends now spreading through the ETF industry; namely, self-indexing and master-feeder fund structures. The move to self-index would allow it to bring strategies to market more quickly and, potentially, at less cost than it would incur using a third-party index firm.