
ETF filings and launches.
- PowerShares has filed for two Smart Beta ETFs. The funds are the PowerShares Russell 1000 Enhanced Equal Weight Portfolio and the PowerShares S&P Minimum Volatility Portfolio and will offer a smart-beta spin on two well-known cap-weighted benchmarks. The filings did not include a tickers nor expense ratios at this time. The funds are slated to list on the Bats exchange.
- Last week, Principal Global Investors launched the Principal Active Global Dividend Income ETF (GDVD). GDVD is an actively-managed fund that is income-focused and uses a quantitative approach to evaluate potential holdings that are paying and are likely to continue paying dividends. This fund comes with an expense ratio of 0.58% and is listed on the Bats exchange.
- Last week, KraneShares filed for the KraneShares Bloomberg Barclays China Aggregate Bond Index ETF. This fund will offer investors exposure to China’s fixed-income markets and will target mainland China securities denominated in renminbi. The filing did not include an expense ratio nor a ticker. The ETF is set to list on the NYSE Arca.