ETF Week: Gold Fund Debuts; Vanguard Goes ESG
Plus, VanEck announced the closure of two of its ETFs.
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Among the week’s launches was a lower-priced physical gold ETF that could best be described as the little sibling of the SPDR Gold Trust (GLD). Meanwhile, Vanguard broke into new territory by filing for two socially responsible ETFs.
Below is a roundup of all the key events in the ETF industry during the week of June 25:
Launches
- State Street Global Advisors and the World Gold Council teamed up to launch a smaller-size version of GLD that represents 1/100 of an ounce of physical gold
- iShares rolled out its own robotics and artificial intelligence fund, with an expense ratio that undercuts the existing funds in that space
- ALPS added a North American renewable energy fund to its lineup of in-house products.
- KraneShares debuted the first China junk bond ETF
Closure
- VanEck Global announced the impending closure of the VanEck Vectors Spin-Off ETF (SPUN) and the VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond ETF (IGEM), with both funds seeing their last day of trading on July 31
Filings
- Vanguard planned its first socially responsible ETFs, a U.S. fund and a global ex-U.S. fund
- Franklin Templeton filed for another trio of plain-vanilla cap-weighted international ETFs covering Latin America, South Africa and Saudi Arabia
- Janus Henderson outlined plans for an actively managed MBS ETF
Contact Heather Bell at [email protected]
