GlobalShares Launches Developed Markets ETF (GSD)

GlobalShares, a division of London based Old Mutual, launched the FTSE Developed Countries Ex-U.S. Fund (GSD) on Thursday, doubling the size of its ETF product line. GSD will track the FTSE Developed ex-U.S. Index, a benchmark already covered by the Schwab International Equity ETF (SCHF). The new GlobalShares ETF will also compete with the iShares [...] Related Stories: Schwab Launches New Emerging Markets (SCHE), International Small Cap (SCHC) ETFs Old Mutual Global Launches First Zero Cost ETF ProShares Launches Four New Leveraged International ETFs