ETF Week: Burst Of Launches, More Closures
Plus, a clutch of interesting filings.
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Midweek saw a burst of new launches covering unique areas of the market, while the wave of closures for 2018 continued to build with a new trio of shutdowns announced. Below is a roundup of the key events in the ETF space during the week of May 14:
Launches
- New issuer Salt Financial rolled out a high-beta ETF designed to offer an alternative to traditional leveraged funds
- REX Shares launched an actively managed blockchain fund managed by cryptocurrency expert Brian Kelly
- Pacer Financial debuted the first portion of a family of ETFs targeting different slices of the REIT space
- Virtus unveiled a preferred stock fund that incorporates features like an options overlay and leverage
- Global X added to its lineup of thematic technology ETFs with a fund targeting the intersection of artificial intelligence and big data
- First Trust introduced another ETF implementing Dorsey Wright’s relative strength methodology
Closures
- The Active Alts Contrarian ETF (SQZZ) will see its last day of trading May 25
- Deutsche announced the closure of a trio of currency-hedged ETFs set for May 31
Filings
- IndexIQ files for a preferred stock fund with a smart-beta twist.
Contact Heather Bell at [email protected]
