has filed to launch an exchange traded funds(
) that tracks momentum, an action that could prove lucrative.
has filed paperwork with the SEC for a
Russell 1000 High Momentum ETF (NYSEArca:HMTM)
According to ETF Daily News
, the fund will track the the Russell-Axioma U.S. Large Cap High
Momentum Index. No expense ratio was given. [
The Latest ETN to Play M&A.
In other ETF filings, Van Eck filed with the SEC to launch two
non-U.S. bond ETFs: one for Latin America and the other for Asian
countries, ex-Japan. No ticker symbols or expense ratios were given
for the Market Vectors Lat Am Aggregate Bond and the Market Vectors
Asia ex-Japan Aggregate Bond. [
Behind the Rush for Emerging Market Bond ETFs.
Olivier Ludwig for Index Universe says
that the Latin America fund will own government and corporate debt
denominated in dollars or the local currency. The Asia fund will
focus on bonds from both developed and emerging countries in Asia
with more than 13 months to maturity.
Tisha Guerrero contributed to this article.