ETF Week: Nationwide Debuts; ‘PureBeta’ Arrives
Insurer Nationwide makes its first foray into the ETF industry, while PowerShares dips its toes into plain-vanilla funds.
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Below is a roundup of key developments in the ETF space during the week started Sept. 18, 2017:
Launches
- Insurer Nationwide enters the ETF market with the rollout of three funds, two targeting risk and another targeting diversification.
- Invesco PowerShares takes a new direction, launching five cap-weighted, plain-vanilla “PureBeta” ETFs.
Closure
- Horizons announces the closure of its Latin America ETF, 'BMLA,' with the last day of trading set for Oct. 13.
Filings
- VanEck files for an actively managed real assets fund that will invest primarily in other ETFs.
- Pacer plans multi-asset ETF that selects allocations based on a risk ratio.
- Strategy Shares files for an ETF of ETFs.
And don’t forget our lists of launches, closures and filings.
Contact Heather Bell at [email protected]
