So far this year exchange traded fund providers have launched
22 ETFs and announced the closures of 12 others, according to
Here's a look at the most recent rollouts and closures:
Direxion, primarily known for its triple-leveraged ETFs,
launched Friday a nonleveraged ETF that tracks 25 master limited
partnerships selected by Zacks Investment Research.
Direxion Zacks MLP High Income Shares (
) is structured as a C corporation, which means it will pay
corporate taxes, causing actual returns to stray from those of
the underlying index.
The ETF charges a 0.65% annual expense ratio.
Just two days prior, Direxion unveiled a pair of
triple-leveraged Europe ETFs: Direxion Daily FTSE Europe Bear
) and Direxion Daily FTSE Europe Bull 3xShares (
More Currency Hedged ETFs
Deutsche Asset & Wealth Management released three
currency-hedged ETFs on the
1.db X-trackers MSCI All World ex-U.S. Hedged Equity (
2.db X-trackers MSCI South Korea Hedged Equity (
3.db X-trackers MSCI Mexico Hedged Equity (DBMX).
Their annual expense ratios range from 0.40% to 0.58%.
Market Vector's Quality ETFs
Also on Thursday, Market Vectors rolled out a batch of new
ETFs that track quantitatively screened indexes:
1.Market Vectors MSCI International Quality (QXUS).
2.Market Vectors MSCI Emerging Markets Quality (QEM).
3.Market Vectors MSCI International Quality Dividend
4.Market Vectors MSCI Emerging Markets Quality Dividend
QXUS and QEM screen holdings based on their return on equity,
annual earnings growth and financial leverage.
"Quality growth companies have high ROE, low financial
leverage and stable earnings that are uncorrelated with the broad
business cycle and may provide diversification benefits in
portfolio allocation," Market Vectors said in a statement.
QDXU and QDEM screen stocks that pay higher dividends than the
market, and have a history of "sustainable and consistent
"By combining the search for dividend yield in international
and emerging markets with MSCI's Quality screens,
will be able to add exposures that may potentially generate
excess returns and benefit their portfolios in down markets,"
Market Vectors stated.
These ETFs change an annual management fee of 0.45% to 0.50%
IShares is liquidating 10 ETFS as of March 25, 2014, owing to
low investor interest. They are:
1.iShares MSCI ACWI ex U.S. Consumer Discretionary (AXDI).
2.iShares MSCI ACWI ex U.S. Consumer Staples (AXSL).
3.iShares MSCI ACWI ex U.S. Energy (AXEN).
4.iShares MSCI ACWI ex U.S. Financials (AXFN).
5.iShares MSCI ACWI ex U.S. Healthcare (AXHE).
6.iShares MSCI ACWI ex U.S. Industrials (AXID).
7.iShares MSCI ACWI ex U.S. Information Technology (AXIT).
8.iShares MSCI ACWI ex U.S. Materials (AXMT).
9.iShares MSCI ACWI ex U.S. Telecommunication Services
10.iShares MSCI ACWI ex U.S. Utilities (AXUT).
Most of these debuted in July 2010. They have $2.5 million to
$12 million in assets.
Factor Advisors and PureShares
liquidated two of their three ETFs Jan. 24:PureFunds ISE
Diamond/Gemstone (GEMS) andPureFunds ISE Mining Service (MSXX),
which launched in November 2012.
GEMS had merely $1 million in assets. MSXX had only
PureFunds ISE Junior Silver ETF (SILJ) remains open even
though it has only $1.7 million in assets.