ETF Trends
ETF Trends

What, did you think the exchange traded fund (ETF) industry was done growing? Not so fast there. ETF Securities, Direxion and newcomer GeorgeTown Investment Management.

Lara Crigger and Cinthia Murphy for Index Universe reports that ETF Securities is planning a new gold ETF would be the first to store its bullion in a Singapore vault. [Other New ETFs Proposed Last Week.]

ETFS Asian Gold Trust will join other popular existing gold funds, including the ETFS Physical Swiss Gold Shares (NYSEArca: SGOL), which stores its bullion in a vault in Switzerland.

The ETF Professor on Benzinga reports that Direxion, one of the top issuers of leveraged ETFs, is planning 11 new leveraged ETFs that focus on commodities, currencies and more. One of the most interesting ones to note: the provider will introduce the first triple leveraged bullish and bearish plays on COMEX gold and silver futures. In addition to the leveraged offerings, it will also introduce the Direxion S&P 500 Dynamic VEQTOR Fund, based on an index that tracks the S&P 500, the LIBOR rate and short-term VIX futures. [Other ETFs Proposed By Direxion.]

Georgetown Investment Management, a Delaware Limited Liability Company based in Bethesda, Md., is getting in on the ETF game by filing for five new funds. Steve Dew for Index Universe reports that the initial funds 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. The fund sponsor is also planning two international initial funds, the Georgetown International ETF, and the Georgetown Emerging Markets ETF.

For more stories about new ETFs, visit our new ETFs category.

Tisha Guerrero contributed to this article.

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.