ETF Trends - SEC Delays or Competitor Complaints? | ETF Trends

It is often the Securities and Exchange Commission that is blamed for delays in filings for exchange traded funds.  But it seems there could be other reasons for slow ETF approval.  According to Investment News, Deutsche Bank recently sent a letter to the SEC raising "questions and concerns" about the proposed iShares GSCI Commodity ETF.  Their concern was valid as it appears the market for futures on the GSCI Index would remain illiquid.  An SEC spokesman said they will take the letter seriously.

Keep in mind Deutsche Bank launched the first commodity linked ETF, the DB Commodity Index Tracking Fund (DBC), in February, which would make the iShares proposed ETF a competitor.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.