What, did you think the exchange traded fund (
) industry was done growing? Not so fast there.
GeorgeTown Investment Management
Lara Crigger and Cinthia Murphy for Index Universe
is planning a new gold ETF would be the first to store its bullion
in a Singapore vault. [
Other New ETFs Proposed Last Week.
ETFS Asian Gold Trust
will join other popular existing gold funds, including the
ETFS Physical Swiss Gold Shares (NYSEArca: SGOL)
, which stores its bullion in a vault in Switzerland.
The ETF Professor on Benzinga reports that
, one of the top issuers of leveraged ETFs, is planning 11 new
leveraged ETFs that focus on commodities, currencies and more. One
of the most interesting ones to note: the provider will introduce
the first triple leveraged bullish and bearish plays on COMEX gold
and silver futures. In addition to the leveraged offerings, it will
also introduce the Direxion S&P 500 Dynamic VEQTOR Fund, based
on an index that tracks the S&P 500, the LIBOR rate and
short-term VIX futures. [
Other ETFs Proposed By Direxion.
Georgetown Investment Management
, a Delaware Limited Liability Company based in Bethesda, Md., is
getting in on the ETF game by filing for five new funds.
Steve Dew for Index Universe reports that
the initial funds will include three domestic funds, the Georgetown
U.S. Small-Mid Cap ETF, the Georgetown U.S. Large Cap ETF, and the
Georgetown Prime 1-5 Year Bond ETF. The fund sponsor is also
planning two international initial funds, the Georgetown
International ETF, and the Georgetown Emerging Markets ETF.
For more stories about new ETFs, visit our
new ETFs category
Tisha Guerrero contributed to this article.