The ever-growing exchange traded fund (ETF) industry is gearing up for a few new additions to the family.
iShares plans to introduce the iShares MSCI Egypt Capped Investable Market Index Fund (NYSEArca: EGYP). The ETF Professor for Benzinga reports that this ETF would go head-to-head with Market Vectors Egypt (NYSEArca: EGPT), which has about $5.7 million in assets. [BRICS: Move Over for CIVETS?]
Shishir Nigam for Daily Markets reports that AdvisorShares filed for two new actively-managed ETFs with SEC. With these two new funds, in partnership with Strategic Income Management, AdvisorShares fills out its line-up even more with something to attract conservative income-seeking investors. [New Providers May Change The Industry.]
The new ETFs are SiM Dynamic Allocation Diversified Income ETF (DINC) and SiM Dynamic Allocation Growth Income ETF (DGRO).
Tisha Guerrero contributed to this article.
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