Russell Investments has filed to launch an exchange traded funds(ETF) that tracks momentum, an action that could prove lucrative.
Russell Investments has filed paperwork with the SEC for a Russell 1000 High Momentum ETF (NYSEArca:HMTM). According to ETF Daily News, the fund will track the the Russell-Axioma U.S. Large Cap High Momentum Index. No expense ratio was given. [The Latest ETN to Play M&A.]
In other ETF filings, Van Eck filed with the SEC to launch two non-U.S. bond ETFs: one for Latin America and the other for Asian countries, ex-Japan. No ticker symbols or expense ratios were given for the Market Vectors Lat Am Aggregate Bond and the Market Vectors Asia ex-Japan Aggregate Bond. [Behind the Rush for Emerging Market Bond ETFs.]
Olivier Ludwig for Index Universe says that the Latin America fund will own government and corporate debt denominated in dollars or the local currency. The Asia fund will focus on bonds from both developed and emerging countries in Asia with more than 13 months to maturity.
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.