ETF Week: 4 Funds Launch; Issuer Regroups
Plus, First Trust gives one of its ETFs a makeover.
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]
