April was a month of economic reporting on all sides, and the majority of the market finished the month with strong returns. Disappointing ISM and labor data was seen both early and late in the month, as April saw a slowdown in the growth of new U.S. private sector jobs. Gold dominated the headlines after the precious metal tumbled over 9% mid month, marking the largest single-day drop in 30 years. The Japanese central bank announced early in the month that it would implement a number of aggressive easing measures in an attempt to double the government bond holdings over the next two years, while an economic slowdown in China sent global investors into a frenzy [for updates on all new ETFs, sign up for the free ETFdb newsletter ].
After last month’s trickle of new funds, April was a rush of products into the ETF space, with 18 new funds coming to market all throughout the month. With even more issuers filing, it look like the rest of this year will see many more ETF introductions [see Free Member Report: How To Pick The Right ETF Every Time ].
New exchange-traded products that began trading in April include:
Few ETFs were filed for this month, which could be attributed to the heavy tide of funds that came in January and February:
BNP Paribas was the only issuer to lose a fund this month, closing the STREAM S&P Dynamic Roll Global Commodities Fund (BNPC), which was launched only 10 months prior.
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Disclosure: No positions at time of writing.
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