ETF Week: Sept Closures Surge

Below is a roundup of key developments in the ETF space during the week started Sept. 3, 2017:

Launches

• Goldman Sachs unveils a low-cost, smart-beta, high-yield bond ETF that will compete with the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK).
• First-time issuer Main Management launches an actively managed sector-rotation ETF-of-ETFs.
• PIMCO debuts three dynamic multifactor funds targeting the U.S., developed markets and emerging markets.
• Franklin Templeton rolls out two actively managed municipal bond ETFs.
• Point Bridge launches the first ETF to target companies based on their right-wing political leanings.
• New KraneShares ETF seeks to benefit from China's infrastructure plans.

Closures

• With the latest announcement from VanEck, a total of 42 closures are set to be completed by the end of September, breaking the August 2016 record.
• Elkhorn Investments, recently acquired by Turner Investments, will close its nine midcap sector funds.

And don’t forget our lists of launches, closures and filings.

Contact Heather Bell at [email protected]