Daily ETF Watch: 3 Equity ETFs To Launch

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.

Filings

• 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:

1. Etracs Alerian MLP Infrastructure ETN (MLPI)
2. Etracs 2X Monthly Leveraged Long Alerian MLP Infrastructure ETN (MLPL)
3. UBS Etracs Alerian Natural Gas MLP ETN (MLPG)
4. UBS Etracs Wells Fargo MLP Index ETN (MLPW)
5. UBS Etracs Wells Fargo Business Company Fund (BDCS)
6. Etracs 2X Leveraged Long Wells Fargo Business Development Company ETN (BDCL)
7. Etracs Monthly Pay 2XLeveraged Dow Jones International Real Estate ETN (RWXL)
8. Etracs Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN (DVYL)
9. Etracs Monthly Pay 2xLeveraged S&P Dividend ETN (SDYL)
10. Etracs Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL)
11. Etracs Diversified High Income ETN (DVHI)
12. Etracs Monthly Pay 2xLeveraged Diversified High Income ETN (DVHL)
13. Etracs Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL)
14. 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.