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FCV

Heading in to 2011, many had predicted that a wave of closures would sweep over the ETF industry, the result of overly ambitious growth in recent years and the introduction of increasingly targeted exchange-traded products. Through the first five months of the year, however, only a leveraged Barclays ETN, BXDD, shut its doors–and that shuttering was the result of an automatic redemption related to a certain minimum price threshold, as opposed to a discretionary closing. The ETF industry has expanded at a breakneck pace in 2011, with more than 80 new ETPs making their debut. And though the industry remains top-heavy–more than 550 ETFs have less than $50 million in AUM–few have pulled the plug.

But now the next round of ETF casualties are upon us; FaithShares will be adding four ETFs to the list of the deceased in the coming weeks, as the Oklahoma-based issuer closes all but one of its unique faith-based exchange traded products [see also How To Survive An ETF Liquidation].

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Recent years have seen a tremendous expansion of the ETF universe, in terms of both the number of products and total assets. Though the majority of ETF assets are still in domestic equity funds, the bulk of the innovation has taken place in other corners of the market; options for fixed income and commodity exposure have multiplied, and the level of granularity available through international equity products has been enhanced considerably. [click to continue…]

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In recent years, ETFs have been the ultimate growth industry. In 2009 more than 120 new products hit the market, and the first quarter of 2010 saw nearly 60 new launches. While some of these new products are “plain vanilla” funds competing directly with existing ETFs, the bulk of expansion in the space has been [...]

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FaithShares, the ETF issuer specializing in religiously compliant funds, announced the launch of two new funds this week, the FaithShares Baptist Values Fund (FZB) and the FaithShares Lutheran Values Fund (FKL). These two ETFs join three funds launched last week, including the FaithShares Catholic Values Fund (FCV), FaithShares Methodist Values Fund (FMV) and the FaithShares [...]

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Over the last several years, ongoing innovation in the ETF industry has led to flurries of new product launches offering exposure to new asset classes and increasingly remote geographic areas. One of the most interesting current areas of new product development focuses on faith-based investing, the concept of considering compliance with religious laws and values [...]

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