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Rating:An ETF Provider Returns From the Grave Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 10, 2009

An ETF Provider Returns From the Grave

Reported by Neil Anderson, Managing Editor

FocusShares wants to get back in the ETF game. On January 29 the Montvale, New Jersey-based firm filed with the SEC for the appropriate '40 Act exemption to launch the Progressive Principal Protection series of target date exchanged-traded funds, tracking indexes from Mergent.

FocusShares launched its first four ETFs on the NYSE Arca in Fall 2007, yet it liquidated those same ETFs at the end of October 2008 (see MFWire, 11/30/2007 and 10/9/2008).

IndexUniverse.com's Heather Bell first broke the news of FocusShares' new target date ETFs filing. 

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