MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 6, 2012 Gen Cap Grabs a Pickaxe and Mines for ETF Riches Gen Cap Ventures' FactorShares filed paperwork for three mining-linked ETFs, according to a report from IndexUniverse. These new offerings are the first move from FactorShares since it was acquired by Gen Cap in July. IndexUniverse reporter Cinthia Murphy writes that all three ETFs would charge 69 basis points in expense rations and would replicate ISE benchmarks that track U.S. and foreign companies. The PureFunds ISE Diamond/Gemstone ETF (NYSEArca: GEMS), PureFunds ISE Mining Service ETF (NYSEArca: MSXX) and PureFunds ISE Junior Silver ETF (NYSEArca: SILJ) will compete with existing mining-based funds like SPDR S&P Metals and Mining ETF [profile], Market Vectors Rare Earth/Strategic Metals ETF[profile], and iShares MSCI Global Select Metals & Mining Producers Index Fund [profile]. Printed from: MFWire.com/story.asp?s=41181 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |