ETF Watch: Closures Outpace 2016; 2 Funds Launch

Below is a roundup of key developments in the ETF space during the week started Aug. 6, 2017:

Launches

• BlackRock’s iShares unit rolls out the iShares Russell 1000 Pure U.S. Revenue ETF (AMCA), which screens out companies that generate less than 90% of their revenues domestically.
• First Trust debuts a fund tracking an equal-weighted version of the Dow Jones industrial average, the First Trust Dow 30 Equal Weight ETF (EDOW).

Filings

• iShares plans iShares U.S. Dividends and Buyback ETF targeting companies that return capital to their shareholders, as well as the iShares Broad USD High Yield Corporate Bond ETF.
• J.P. Morgan files for five domestic single-factor ETFs targeting dividends, low volatility, momentum, quality and value.

Other News

• Through the end of July, closures have outpaced the first seven months of 2016, which was a record year for ETF shutdowns, while launches have lagged the same period.
• WisdomTree announces it will add China A-shares securities to its two funds that exclude state-owned enterprises, the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) and the WisdomTree China ex-State-Owned Enterprises Fund (CXSE).
• iShares trims the fees on eight of its fixed income ETFs and three of its environmental, social and governance ETFs.

Contact Heather Bell at [email protected]