ETF Week: Disruptive Tech A Hot Theme

Two new ETFs focus on flavors of new-age technology; another issuer enters short-term bond ETFs pond.

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Reviewed by: Cinthia Murphy
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Edited by: Cinthia Murphy

It’s been another busy week in ETF-land, with ETF issuers rolling out three new launches tapping into fixed income and tech stocks, as well as four closure announcements. Below is a roundup of these key ETF events during the week ending Feb. 8, 2019.

Launches

Legg Mason Lists Short-Term Bond ETF

The Western Asset Short Duration Income ETF (WINC) invests primarily in investment-grade corporate debt denominated in U.S. dollars, according to the prospectus. WINC costs 0.29% in expense ratio, or $29 per $10,000 invested, and is listed on the Nasdaq stock exchange.

AdvisorShares Lists Cloud Computing ETF

The AdvisorShares SabreTooth ETF (BKCH) invests in firms using cloud computing technology to accomplish goals including streamlining data transfers, cost reductions and increased revenue. BKCH costs 0.85% and is listed on the Nasdaq exchange.

ARK Invest Lists Active Fintech ETF

The ARK Fintech Innovation ETF (ARKF) is a global technology fund focused on disruptive financial technology innovation. ARKF costs 0.75% and is listed on the NYSE Arca.

Closures

Legg Mason announced three ETF closures this week, all of them multifactor equity ETFs. The funds, listed below, will last trade on March 15:

ALPS announced it’s closing the BUZZ U.S. Sentiment Leaders ETF (BUZ), a fund that selects holdings based on social media shatter and investor sentiment about various stocks. BUZ will halt creations on Feb. 28 and see its last day of trading on March 1.

Contact Cinthia Murphy at [email protected]

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.