5 Most Popular New ETF Launches

July 29, 2014

3. Pimco Low Duration ETF (LDUR)

Pimco’s newest short-duration portfolio has gathered $111 million in net inflows inception-to-date. The fund came to market Jan. 22.

LDUR is an actively managed broad-market investment-grade bond fund with target duration between one to three years. The management team behind LDUR is the same one managing the Pimco Enhanced Short Maturity Strategy (MINT | A), Pimco’s largest bond ETF, and one that also targets the short end of the duration curve.

The $3.8 billion MINT strives for portfolio duration of less than one year. LDUR has a 0.55 percent expense ratio.

2. Vident Core U.S. Equity ETF (VUSE)

Investors have poured a net of $173 million into Vident’s second ETF. VUSE carries a 0.55 percent expense ratio.

VUSE is essentially a U.S. equity portfolio, but it applies a complex set of screens looking to pick stocks within each sector based on valuation, governance, earnings quality and momentum. These stocks are then weighted in a tiered structure by sector and by risk. These screens often result in an exposure that differs significantly from the broader market, to quote ETF.com’s ETF Analytics.

Launched in January, VUSE is the U.S.-focused counterpart to Vident’s other ETF, the international-in-scope Vident International Equity ETF (VIDI | D-50). One of the so-called “bespoke” ETFs—funds that are designed around a single client’s or clients’ needs—VIDI was one of the most successful launches last year, and has gathered more than $750 million since it came to market Oct. 29, 2013.

1. First Trust Dorsey Wright Focus 5 (FV)

First Trust’s FV has attracted a significant $341 million since it came to market in March.

FV is a fund of funds that invests in five other First Trust ETFs. The strategy, which taps into U.S. and global themes alike, uses a Dorsey Wright relative strength model to pick five ETFs based on relative price momentum.  The underlying ETFs are weighted equally.

The launch of this index-based alpha-seeking strategy was so successful that First Trust brought to market last week an international version of the fund, the First Trust Dorsey Wright International Focus 5 ETF (IFV).

FV has a 0.95 percent expense ratio.

 

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