The concept of global infrastructure within the ETF wrapper has proven successful and recently at that. The FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEArca: NFRA) debuted in October 2013 and already has over $135 million in assets under management.
TOLZ will be the latest addition to the expanding lineup of non-leveraged ETFs from ProShares, a group that includes the ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL) and the ProShares High Yield-Interest Rate Hedged ETF (NYSEArca: HYHG), both of which recently surpassed $100 million in assets under management. [Dividend Aristocrats ETF Rapidly Gains Assets]
TOLZ has an annual expense ratio of 0.45%.
ETF Trends editorial team contributed to this post.