June was a volatile month on Wall Street, with investors feeling a major change in the investment landscape. Though speculations of Fed tapering dominated the markets, emerging markets equities stole the spotlight after experiencing a massive exodus of funds towards the end of the month. The BRIC markets (Brazil, Russia, India, and China) were among the worst hit as their economies are starting to show signs of plateauing after years of astronomical growth [for updates on all new ETFs, sign up for the free ETFdb newsletter ].
June also saw a number of new funds launch during the month, with 17 new ETFs entering the ring. And with issuers still filling the product pipeline, it seems that this summer may be a busy one for ETFs [see Free Member Report: How To Pick The Right ETF Every Time ].
New exchange-traded products that began trading in June include:
Few ETFs were filed for this month, which could be attributed to the heavy tide of funds that came in at the end of June:
After a number of strong months this year, funds finally snapped this month, leading to the closure of a number of under-invested products.
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Disclosure: No positions at time of writing.
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