March ETF Roundup: Launches, Filings And Closures

by on April 2, 2013 | ETFs Mentioned:

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:

    1. Four Leaf Clovers Bring Good LuckGlobal X SuperDividend US ETF (DIV): Global X was the first to launch this month, waiting until March 12th to introduce its newest domestic dividend ETF.
    2. Barclays ETN + Select MLP ETN (ATMP): Barclays iPath brought in a new way to access a basket of midstream U.S. and Canadian MLPs.
    3. Newfleet Multi-Sector Income ETF (MINC): AdvisorShares has introduced another actively managed fund into its portfolio; this one specializes in rotating through sectors to secure the greatest return.
    4. Market Vectors Treasury-Hedged High Yield Bond ETF (THHY): Van Eck finished up the month with a fund aimed to provide exposure to low grade corporate bonds in hopes of high return potential.

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:

      • WisdomTree filed for two dividend funds this month, both focusing on the domestic market, but differing in the size of funds that they will invest in.
      • Ranger Alternative has submitted paperwork for its first independent funds. With very few details available at this time, we expect to see these funds later in the year.
      • Guinness Atkinson also filed regulatory paperwork with the SEC for its own first ETFs, with the issuer casting a broad net of categories it would like to enter.

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:

      • 2x S&P 500 (RSU), Inverse 2x S&P 500 (RSW), ABC High Dividend (ABCS), Airline (FAA), MSCI EAFE Equal Weight (EWEF), S&P MidCap 400 Equal Weight (EWMD), S&P SmallCap 600 Equal Weight (EWSM), Wilshire 4500 Completion (WXSP) and Wilshire 5000 Total Market (WFVK).
      • Pax MSCI North America ESG Index ETF (NASI)

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Disclosure: No positions at time of writing.