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.
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