There continues to be no seeming limit as to what ETF providers can come up with as investment ideas. MyShares
, a New Jersey-based ETF provider, has filed with the SEC
for a Walmart
ETF. The fund will track WalMart's suppliers.
In the same filing MyShares also applied for exemptions for its Homebuilders Index Fund
, SINdex Fund
and Homeland Security Index Fund
. If you guessed that the SINdex fund is a vice-focused fund, you would be right.
In recent months there has been industry speculation that ETF launches have gotten more and more outlandish with each new product, usually a sign that a trendy product has reached a peak. These fund are still in registration, so it's anybody's guess as to how they will play in the market.
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