
ETF launches and filings.
- Amplify ETFs has filed for a fund that will provide MLP exposure. The fund, the Amplify YieldShares Oil Hedged MLP Fund, takes long positions in MLPs while shorting oil futures contracts. The fund will be actively managed and will seek to outperform the Oil Hedged MLP Index provided by ETP Ventures. Neither a ticker nor an expense ratio was provided however the fund will list on the Bats exchange.
- Elkhorn has filed for two Low Vol/High Beta ETFs. The Elkhorn Lunt SmallCap Low Vol/High Beta ETF and the Elkhorn Lunt MidCap Low Vol/High Beta ETF both join the Elkhorn Lunt Low Vol/High Beta ETF LVHB and will target the Small and Mid Cap spaces, respectively. The funds will track indexes provided by Lunt. LVHB targets the Large Cap space and launched in October. The filing did not include expense ratios or tickers but did indicate that the funds would list on the Bats exchange.
- Today the ALPS/Dorsey Wright Sector Momentum ETF (SWIN) launched on the Nasdaq exchange. On a quarterly basis, the Fund’s underlying index first ranks 10 sectors based on relative strength and then ranks individual stocks from each of the top seven ranked sectors from the Nasdaq Index. Components are equally weighted within the index and the index will generally have about 50 stocks. SWIN comes with an expense ratio of 0.40%.