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Thursday, August 08, 2013|
ETF Roundup: Five Funds Generate Buzz While Investors Show Nashville ETF Love
Bloomberg's Eric Balchunas has noted five actively managed ETFs that are unique or creating buzz.
One of the funds was the State Street Bank & Trust [profile] SPDR Blackstone/GSCO Senior Loan ETF, which Balchunas calls of the most successful new launches of this year. The fund focuses on senior loans. AdvisorShares [profile] Cambria Shareholder Yield ETF has $115 million in assets and qualifies as the second-largest actively managed ETF. Pimco [profile] Foreign Currency Strategy ETF wades into the complicated foreign currency market, an area where Balchunas says an experienced manager such as Pimco can add value.
AdvisorShares Athena International Bear ETF looks globally for stocks to short, but it has been down 0.38 percent since its launch and hasn't attracted much money, The First Trust [profile] Preferred Securities and Income Fund applies active management to yield, using preferred securities, Balchunas writes.
Global X [profile] launched its third master limited partnership, Global X MLP & Energy Infrastructure ETF, Fox Business reports. The ETF will charge 45 bps. Some of the index holdings include Access Midstream Partners, EQT Corp., Enterprise Products Partners and Williams Cos.
LocalShares introduced a Nashville ETF, and may replicate the model with other cities, Reuters Ashley Lau reports. Other economically healthy cities could include Houston, Orlando and Silicon Valley. The Nashville ETF tracks the LocalShares Nashville index, which requires at least $100 million market cap for Nashville-headquartered companies included in the index, Lau writes.
Lau interviewed Reggie Browne, managing director at Knight Capital Group, who was quoted as saying the idea of city-based ETFs will catch on, "If the Nashville ETF can capture a robust amount of assets, if it hits $100 million bucks."
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