March ETF Roundup: Launches, Filings And Closures
March was a month of ups and downs, with the S&P reaching record highs and the European Union scrambling to clean up after the banking crisis in Cyprus. Small businesses and retail sales enjoyed a strong month, with positive effects spilling over into other areas of the U.S. markets. Investors were kept on their toes near the end of March, as the small island nation of Cyrus announced its plans to impose a tax on bank depositors, leaving many fearing that this drastic policy action could spill over to other nations in the currency bloc. With the addition of North Korea threatening war with every nation in reach, it’s no surprise that investors are ending March nervous and preparing for another market slowdown [for updates on all new ETFs, sign up for the free ETFdb newsletter ].
After the rush of new products in the ETF space in the previous months, the introduction of four new funds in March may seem relatively slow, but the market is likely to pick up again due to the number of ETFs that where filed since the beginning of the year [see Free Member Report: How To Pick The Right ETF Every Time ].
New ETFs
New exchange-traded products that began trading in March include:
Coming Soon
Few ETFs were filed for this month, which could be attributed to the heavy tide of funds that came in January and February:
ETF Closings
Guggenheim closed out all of its levered and inverse ETFs and a number of others on March 15th, while ESG Shares cleaned up its inventory two days before:
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Disclosure: No positions at time of writing.
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