Though investor confidence was somewhat tested this week after the latest developments in the eurozone, bullish sentiment still remains a dominant force on Wall Street, with equity indexes continuing into uncharted territory. With more investors getting in on the action, issuers are lining up to fill the product pipelines. Guinness Atkinson, known for its alternative energy and Asian-focused mutual funds, is now planning to enter the ETF race, a move that is bound to ramp up the industry’s competitive atmosphere. Meanwhile, industry veteran Vangaurd is making some changes to two of its popular global equity ETFs [see ETF Database Launch Center].
Money manager Guinness Atkinson recently filed regulatory paperwork with the SEC to gain permission to market index-based ETFs. While no specific potential ETF offerings were mentioned, the new issuer indicated that it may launch products that fall under the following categories:
- Domestic equity
- Domestic fixed income
- International equity
- International fixed income
- Global equity
- Global fixed income
The prospectus also stated that the funds will be constructed from securities domiciled and traded in the U.S., as well as from a variety of foreign countries including the UK, France, Germany, Italy, the Netherlands, China, Canada and Australia [see Visual History Of The Euro Stoxx (FEZ)].
Industry giant Vanguard is shifting indexes on two international ETFs to FTSE benchmarks from MSCI Inc. It is important to note that both tickers will remain unchanged:
- VGK: The MSCI Europe ETF will now be named the FTSE Europe ETF. The fund’s underlying index has changed from the MSCI Europe Index to the FTSE Developed Europe Index.
- VPL: The MSCI Pacific ETF will now be named the FTSE Pacific ETF. The fund will now track the FTSE Developed Asia Pacific Index, rather than the MSCI Pacific Index.
Disclosure: No positions at time of writing.
- 5 Gold Metal ETFs For The 2012 Olympics
- Ex-Japan ETFs In Focus
- Vanguard Slashes Expenses On VWO, Five Other International ETFs
- Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds
- ETF Insider: Data Heavy Week Could Spur Volatility