ETF Week: 4 Funds Launch; Issuer Regroups

Four brand-new ETFs rolled out during the week, including the third ETF targeting electric vehicles, a leveraged robotics fund and two active bond ETFs. Meanwhile, First Trust converted an AlphaDex fund into an India fund and EventShares rethought its lineup.

Below is a roundup of launches and other events in the ETF space during the week of April 16, 2018:

Launches

• A third electric vehicle ETF debuted from Global X
• Hartford Funds launched an active “tax-aware” fixed-income fund
• Principal rolled out an actively managed investment-grade corporate bond ETF
• Direxion unveiled a leveraged complement to a key robotics fund
• First Trust converted its Taiwan AlphaDex ETF into an equal-weighted India fund

Closures

• EventShares will close two of its policy funds, and broadens focus of the third
• Elkhorn Investments finalized the closure of its two commodity funds in the wake of the failed deal with Veracen

Contact Heather Bell at [email protected]