ETF Week: Global X Grows China Family

December 14, 2018

This week saw some interesting launches from the likes of Global X, IndexIQ and WisdomTree, as well as some closures. It’s been a record year for fund shutdowns.

Below is a roundup of the key events in the ETF space during the week of Dec. 10:

 

Global X Rounds Out China Family
This week, Global X rolled out six funds targeting China via indexes from MSCI. The funds cover five sectors and the large-cap segment. They join six other China sector ETFs that were switched to complementary MSCI sectors on Dec. 6, making for a comprehensive family of 12 China funds. (Read: Global X Adds To China ETF Family)

 

WisdomTree Launches Global Agg Fund

WisdomTree expanded its lineup of “Enhanced” bond ETFs with the launch of the WisdomTree Yield Enhanced Global Aggregate Bond Fund (GLBY). The new fund offers higher yield than a cap-weighted strategy and hedges away currency risk. (Read: WisdomTree Debuts Global Agg ETF)

 

IndexIQ Debuts Smart-Beta Int’l ETF

The IQ 500 International ETF (IQIN) made its debut on Thursday. The smart-beta ETF tracks equities from 23 countries, excluding the U.S. IQIN tracks the IQ 500 International Index, a rules-based, fundamental index developed by an affiliate of IndexIQ Advisors, the advisor of the fund. Securities in the index are selected and weighted using three fundamental factors: annual sales, annual market share and three-year average operating margin. The fund also applies a currency hedge. (Read: New IndexIQ Int'l ETF Has A Twist)

 

Closures Keep On Coming
O’Shares announced the shutdown of two of its ETFs. The O'Shares FTSE Asia Pacific Quality Dividend ETF (OASI) and the O'Shares FTSE Russell International Quality Dividend ETF (ONTL) both have less than $13 million in total assets under management and will see their last trading day on Dec. 20. The total number of closures for the year is already over the 138 shutdowns of last year, at 143. (Read: ETF Closures Adding Up)

 

Contact Heather Bell at [email protected]

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