As investors continue to have another strong week on Wall Street, ETF issuers ALPS and USAA both filed paperwork to get in on the strong bull run the U.S. has been enjoying for the last month. ALPS is choosing to focus on the ever popular international dividend stock category, while the USAA is looking to be more proactive with its management of funds. Hopefully both will debut before this bull run ends [see ETF Database Launch Center].
- The ALPS International Sector Dividend Dogs ETF: This ETF will closely follow its domestic predecessor, skimming the top dividend paying stocks in each sector of the Global Industry Classification Standard to arrive at the five highest paying stocks before investing. With a focus on Europe, Australia and the Far East, look out for IDOG later this year [also check out the Visual History Of The Dow Jones Industrial Average].
The USAA filed paperwork with the SEC earlier this week announcing that this government branch is looking to get into ETF industry. Already managing a number of mutual funds, insurance and annuities, USAA will be easing into the market through actively managed ETFs. The list of proposed funds include focuses on dividend equities, global managed volatility, flexible income and precious metals.
Disclosure: No positions at time of writing.