Investors endured another slow trading week with mixed economic data releases on Wall Street, paving the way for another wave of profit-taking. As major equity indexes drifted sideways with a downward bias, several key developments took place on the ETF front; Charles Schwab cut expenses on all 15 of its ETFs while Global X announced it was shuttering the doors on four of its funds. VelocityShares also made a splash on the product development front with its SEC proposal for a basket of ETFs [see also Free Report: 7 Simple & Cheap All-ETF Model Portfolios]. Connecticut-based VelocityShares has filed plans with the SEC to beef up its existing ETN-only lineup with several intriguing ETFs: VelocityShares Tail Risk Hedged Large Cap ETF: This ETF will consist of three underlying index ETFs that track the S&P 500 Index, including SPY, VOO and IVV, while the “tail hedge” component will consist of two volatility products: [...] Click here to read the original article on ETFdb.com. Related Posts: First Trust Debuts “Tail Hedge” S&P 500 ETF (VIXH) ETF Pop Quiz: Emerging Markets, Junk Bonds, And Spain The Most Successful ETFs Of All-Time The Top 10 Cheapest And Most Expensive ETFs How ETF Investors Can Save $415 Million (Without Breaking A Sweat)
Investors endured another slow trading week with mixed economic data releases on Wall Street, paving the way for another wave of profit-taking. As major equity indexes drifted sideways with a downward bias, several key developments took place on the ETF front; Charles Schwab cut expenses on all 15 of its ETFs while Global X announced it was shuttering the doors on four of its funds. VelocityShares also made a splash on the product development front with its SEC proposal for a basket of ETFs [see also Free Report: 7 Simple & Cheap All-ETF Model Portfolios]. Connecticut-based VelocityShares has filed plans with the SEC to beef up its existing ETN-only lineup with several intriguing ETFs: VelocityShares Tail Risk Hedged Large Cap ETF: This ETF will consist of three underlying index ETFs that track the S&P 500 Index, including SPY, VOO and IVV, while the “tail hedge” component will consist of two volatility products: [...]
Click here to read the original article on ETFdb.com.
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