ETF Daily News Week In Review, February 10, 2012

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February 10, 2012 4:39pm BATS:SMIN NYSE:DGAZ

ETF Daily News Week In Review, February 10, 2012: Proshares, iShares, Global X and Velocity Shares launch a total of Twelve new Exchange Traded Products into the market. And iShares files for a

new Fund of Fund ETF

The market gave birth to Twelve new ETPs this week including Eight new Commodity ETNs introduced by Velocity Shares
The new ETNs include:

  • Triple inverse and a triple long Brent Crude ETNs linked to the S&P GSCI Brent Crude Index Excess Return
  • Triple inverse and triple long Natural gas ETNs linked to the GSCI Natural Gas Index Excess Return
  • Triple inverse and triple long Crude oil ETNs linked to the S&P GSCI Crude Oil Index Excess Return
  • Triple inverse and triple long Copper ETNs linked to the S&P GSCI Copper Index Excess Return

Proshares also came to market with not just one but two new Triple exposure ETFs with their introduction of the:

  • ProShares UltraPro 10 Year TIPS/TSY Spread ETF, and the
  • ProShares UltraPro Short 10 Year TIPS/TSY Spread ETF.

These ETFs allow investors to express an outlook on inflation by pairing exposure of 10-year Treasury notes with TIPS through the Dow Jones Credit Suisse 10-Year Inflation Breakeven Index

In stark contrast to the leveraged ETPs launched by Velocity Shares and ProShares, Global X introduced their Global X Permanent ETF this past Wednesday. The Global X Permanent ETF intends to reflect the performance of the Solactive Permanent Index, which tracks the performance of four asset categories that are designed to perform in varying economic conditions, including increasing growth, decreasing growth, increasing inflation and decreasing inflation.

Last but not least, iShares launched yet another ETF on the new BATS exchange. Their newest offering, the iShares MSCI India Small Cap Index Fund, seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI India Small Cap Index. This new fund brings with it a market crushing .74% beating their competitors by a full eleven basis points.
It was a relatively slow filing week this week, seeing just one addition made to the ETF pipeline.

Rounding out the week’s news:

iShares has filed paperwork with the SEC for a “iShares Morningstar Multi Asset High Income Index Fund .” This new ETF will be a fund of fund ETF that will be based on the performance, before fees and expenses, of the Morningstar Multi-Asset High Income Index. This fund is designed to deliver consistent high income as well as long-term capital appreciation by owning a combination of stocks, bonds, real estate investment trusts and preferred shares.

As always, you can find all your up to the minute ETF news, on


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