New ETFs To Be Launched
If you thought there is no more room for the exchange-traded fund to grow, you have got another thought coming. There is still more you can do, at least according to ETF Securities, Direxion Funds and newcomer Georgetown Investment Management.
ETF Securities is going to launch a new gold ETF in Singapore. Meanwhile, ETFS Asian Gold Trust will mix it up with other existing gold funds, which already includes ETFS Physical Swiss Gold Shares, which stores its bullion in a vault in Switzerland.
And there's Direxion, a top issuer of leveraged ETFs, which is releasing 11 new leveraged ETFs that deals with commodities and currencies. Direxion will be launching triple leveraged bullish and bearish plays on COMEX gold and silver futures, which is a first in the industry. It will also introduce start off Direxion S&P 500 Dynamic VEQTOR Fund, which are based on an index that tracks the S&P 500, the LIBOR rate and short-term VIX futures.
Finally, there's Georgetown Investment Management, a Delaware Limited Liability Company based in Bethesda, Md. This company will enter the ETF field with five new funds. These will include three domestic funds, the Georgetown U.S. Small-Mid Cap ETF, the Georgetown U.S. Large Cap ETF, and the Georgetown Prime 1-5 Year Bond ETF. There will also be two international initial funds, the Georgetown International ETF, and the Georgetown Emerging Markets ETF.