New ETFs in the Pipeline: ETF Securities and More

By (Tom Lydon),

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What, did you think the exchange traded fund ( ETF ) industry was done growing? Not so fast there. ETF Securities , Direxion and newcomer GeorgeTown Investment Management .

Lara Crigger and Cinthia Murphy for Index Universe reports that ETF Securities 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 Direxion , 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.

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

This article appears in: Investing ETFs
Referenced Stocks: ETF

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