September ETF Roundup: Launches, Filings, and Closures
The month of September brought an unexpected but very welcome rally in stock markets, as many equity ETFs enjoyed their best month of the year. September also set a number of records from the product development perspective in the ETF industry; more than two dozen new funds from a handful of different issuers hit the market, and the month’s additions had pulled in aggregate assets of nearly $300 million by month end. The month also saw Claymore rebranded under the Guggenheim name, as well as the departure from the ETF industry of two issuers, Geary and GlobalShares [see more at Claymore Changes Name To Guggenheim Funds]. In total 27 new ETFs were born in September, covering a wide variety of markets, asset classes, and investment strategies. The net increase in the ETF lineup, however, was only 19, as three different issuers announced the closing of eight ETFs in aggregate. New ETFs Highlights from [...] Click here to read the original article on ETFdb.com. Related Stories: September 2009 ETF Roundup: Launches, Filings, and Closures April ETF Roundup: Launches, Filings, and Closures February ETF Roundup: Launches, Filings, and Closures
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