Equity markets took a dive yesterday, in part due to a delayed reaction from Federal Reserve Chairman Ben Bernanke’s speech Wednesday about tapering off the massive buying program and China’s continually slowing economy. The bad news was not enough to stop funds from entering the market, with both iShares and PowerShares bringing something new to the scene [see ETF Database Launch Center].
iShares MSCI Colombian Capped ETF (ICOL): As the third equity fund to offer exposure exclusively to the Colombian equity market, ICOL will have to battle it out with existing funds Global X’s FTSE Colombia 20 (GXG, C+) and Market Vector’s Colombia ETF (COLX, C), but ICOL’s multi-cap approach and low expense rate could give it an edge.
PowerShares Global Short Term High Yield Bond Portfolio (PGHY): The 28th fund to enter the high yield bond space, this PowerShares offering will only hold short term junk bonds, separating itself from the crowd. Also setting it apart is PGHY’s low expense ratio 35 basis points, which is likely to attract investors [also check out the Visual History Of The Dow Jones Industrial Average].
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Disclosure: No positions at time of writing.