Prior to the PowerShares announcement, of the seven large ETF providers that have published capital gains distribution estimates, including iShares, Vanguard, State Street Global Advisors, Charles Schwab, PIMCO, Guggenheim Investments and First Trust, only 74 of 712 funds will issue capital gains distributions, with many less than 1% of the ETFs’ net asset value. In contrast, some equity mutual funds have announced capital gains distributions of 5% to 10%. [Small Amount of PowerShares ETFs to Have Cap Gains]
In 2014, ProShares continued expanding its lineup of traditional long ETFs with the introduction of new funds, including the ProShares MSCI EAFE Dividend Growers ETF (NYSEArca: EFAD), ProShares Morningstar Alternatives Solution ETF (NYSEArca: ALTS) and the ProShares Managed Futures Strategy (NYSEArca: FUTS).
ProShares MSCI EAFE Dividend Growers ETF
ETF Trends editorial team contributed to this post.