ETF Week: Pet Care ETF Debuts

November 09, 2018

This past week logged a bevy of launches, some of which were noteworthy, such as the first-ever pet care ETF. Below is a roundup of the key events in the ETF industry for the week of Nov. 5:

 

ProShares Debuts First Pet Care ETF
ProShares has rolled out an ETF that seeks to capitalize on the vast amounts of money people spend on their pets. The ProShares Pet Care ETF (PAWZ) is a first-of-its kind fund that tracks a global index of companies primarily involved in providing pet-care-related products and services. PAWZ comes with an expense ratio of 0.50%. (Read: First Pet Care ETF Debuts and see ProShares: New ETF Unleashes Pet Care Market)

 

Amplify Fund Avoids Steep Losses
Amplify Investments debuted an ETF that looks to capture the performance of the S&P 500 Index while avoiding steep downturns. The Amplify BlackSwan Growth & Treasury Core ETF (SWAN) invests primarily in long-dated call options, otherwise known as LEAPS, on the SPDR S&P 500 ETF Trust (SPY) and in Treasury securities. SWAN comes with an expense ratio of 0.49%. (Read: New ETF Guards Against Swans)

 

First Trust Rolls Out Int’l Internet ETF
First Trust launched a sequel to its blockbuster $7.7 billion First Trust Dow Jones Internet Index Fund (FDN). The new First Trust Dow Jones International Internet ETF (FDNI) tracks an index that includes 40 non-U.S. companies engaged primarily in internet commerce or the provision of internet services. FDNI carries an expense ratio of 0.65%. (Read: Int’l Internet ETF Unveiled)

 

Newcomer TigerShares Enters Market
A new issuer burst onto the ETF scene this week with an unusual product. The TigerShares China-U.S. Internet Titans ETF (TTTN) covers the 10 largest internet companies in China and in the U.S., for a total portfolio of 20 securities. TTTN comes with an expense ratio of 0.59%. (Read: China/US Internet ETF Debuts)

 

Invesco Adds Equal-Weight Sector ETF
Invesco launched an equal-weighted version of the new communication services sector in the Global Industry Classification Standard (GICS). The Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) targets the new sector and joins 10 other similar Invesco ETFs that target different sectors. EWCO comes with an expense ratio of 0.40%. (Read: Equal Weight Sector ETF Launches)

 

First Trust Launches Muni Funds
First Trust rolled out two actively managed municipal bond ETFs targeting securities with shorter durations. The First Trust Short Duration Managed Municipal ETF (FSMB) and the First Trust Ultra Short Duration Municipal ETF (FUMB) could appeal to investors in a time of rising rates, since bonds with shorter durations are less affected by changes in interest rates. FSMB comes with an expense ratio of 0.45%, while FUMB charges 0.35%. 

 

Contact Heather Bell at [email protected]

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