ETF Trends
ETF Trends

Look out! More new exchange traded funds (ETFs) are coming down the pike.

Invesco PowerShares filed with U.S. regulators and renamed its planned bank-loan ETF.

According to Cinthia Murphy for Index Universe, PowerShares Senior Loan Portfolio (NYSEArca: BKLN), previously named PowerShares S&P Bank Loan Portfolio, will be listed on the NYSEArca and have an annual expense ratio of 0.83%.

The index, which has 100 loans, is a subset of a larger benchmark, the S&P/LSTA Leveraged Loan Index, which has more than 1,000 loans in it.

Meanwhile, Murphy also reports that iShares filed to list a dividend ETF that will own preferred stock in developed markets outside the United States.

iShares S&P International Preferred Stock Index Fund will track the S&P International Preferred Stock Index, which measures the performance of a group of non-U.S. issued or non-U.S.-listed preferred stocks, with more than 80% of the basket allocated to financial names. Stocks from Canada, New Zealand, Japan and the United Kingdom are represented.

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.