Market Vectors, the ETF issuer from investment firm Van Eck, launched its first product in the increasingly popular preferred stock segment with a unique twist; the product excludes financial companies. The Van Eck Market Vectors Preferred Securities ex-Financials ETF (PFXF) is the first product in the segment that excludes financial companies such as banks, broker-dealers, investment advisers and futures commission …
New ETFs On The Block: Pyxis/Iboxx Senior Loan ETF (SNLN)
Pyxis, the Dallas-based money manager that spun off from Highland Funds Asset Management at the beginning of the year, is making its first foray into the ETF space with its Pyxis/iBoxx Senior Loan ETF (SNLN). Highland already has a lineup of 20 open-ended mutual funds and traditional closed-end funds while Pyxis aims to serve up access to senior loans …
New ETFs On The Block: Flexshares Ready Access Variable Income Fund (RAVI)
FlexShares, the ETF arm of Northern Trust, has launched its first actively managed exchange traded fund, the Ready Access Variable Income Fund (RAVI), aimed at folks who wish to maintain liquidity but seeking that extra yield without exposure to excessive volatility. RAVI can be a good choice for people wishing to park funds in a safe place in the short …
New ETFs On The Block: Advisorshares Star Global Buy-Write ETF (VEGA)
AdvisorShares, the Bethesda, Maryland-based issuer best known for its actively managed strategies has announced the latest addition to its products portfolio, the Star Global Buy-Write ETF (VEGA), marking the firm’s the sixteenth fund launch. VEGA is the first product into the buy-write segment from AdvisorShares that buys global ETFs and sells covered calls against them with an aim to generate …
Fixed-Income ETFs Are Getting A Lot Of Attention, What’s The Reason?
ETFs were created with equities in mind, but a lot of fixed-income products have been launched recently that have garnered much investor interest. What’s the reason? If Matthew Tucker, head of fixed-income strategy at Blackrock’s iShares units is to be believed, these ETFs have grown in volume since they were launched over a decade back. Due to greater liquidity, they …