Flurry Of ETFs Debut While A Dozen Others Shuttered


So far this year exchange traded fund providers have launched 22 ETFs and announced the closures of 12 others, according to XTF.com.

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 ( ZMLP ) 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 3xShares ( EURZ ) and Direxion Daily FTSE Europe Bull 3xShares ( EURL ).

More Currency Hedged ETFs

Deutsche Asset & Wealth Management released three currency-hedged ETFs on the stock market Thursday:

1.db X-trackers MSCI All World ex-U.S. Hedged Equity ( DBAW ).

2.db X-trackers MSCI South Korea Hedged Equity ( DBKO ).

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 (QDXU).

4.Market Vectors MSCI Emerging Markets Quality Dividend (QDEM).

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 dividend payouts."

"By combining the search for dividend yield in international and emerging markets with MSCI's Quality screens, investors 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% of assets.

ETF Closures

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 (AXTE).

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 $716,000.

PureFunds ISE Junior Silver ETF (SILJ) remains open even though it has only $1.7 million in assets.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , ETFs

Referenced Stocks: DBAW , DBKO , EURL , EURZ , ZMLP

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