New ETFs: Base Metals, Dividends and Emerging Markets | ETF Trends

The economic recovery and the rate of exchange traded fund (ETF) filings and launches seem to have a correlation of 1, if the market’s recent activity has been any indication.

State Street Global Advisors today announced that the SPDR S&P Emerging Markets Dividend ETF (NYSEArca: EDIV) and the SPDR Barclays Capital Emerging Markets Local Bond ETF (NYSEArca: EBND) began trading yesterday. According to the fund homepage, the goal is to give investors well-rounded, targeted access to emerging markets. EDIV has a 0.59% expense ratio, while EBND has a 0.50% expense ratio.

EDIV will track the S&P Emerging Markets Dividend Opportunities Index, which is a market-cap weighted index tracking the 100 highest-yielding emerging market stocks. EBND tracks an index of government debt in the local currency of 20 emerging markets.

Fast-growing Global X is also showing no signs of a slowdown. The provider filed last week to launch seven more global ETFs, this time aimed at small-cap companies in developed and emerging markets, including Germany, Mexico, Hong Kong and Singapore.

Oliver Ludwig for Index Universe reports that ETF Securities has filed to launch seven physical industrial metals ETFs—six of them separate commodities and the seventh a basket of the other six. The proposed funds are:

  • ETFS Physical Aluminum
  • ETFS Physical Copper
  • ETFS Physical Lead
  • ETFS Physical Nickel
  • ETFS Physical Tin
  • ETFS Physical Zinc
  • ETFS Physical IM Basket, which will be a basket of the aforementioned metals

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.