State Street Launches First Active Fund (RORO); First Trust and PowerShares Launch 2 Funds (FTLS, LDRI)

By: ETFdb
U.S. equities got off to a sour start this week, with Monday and Tuesday seeing major indexes end in the red. Stocks finally stabilized on Wednesday, even though economic data came in worse-than-expected: wholesale inventories rose 0.1% in July versus analyst expectations of a 0.5% rise. In corporate news, all eyes were on Apple after the company unveiled its latest models of its iPhone as well as its new iWatch [see also Under the Hood of the Internet ETF (FDN)]. On the ETF front, State Street debuted its first actively managed fund. First Trust also launched an active long-short ETF, while PowerShares introduced its new “laddered” bond fund. A “Risk Aware” Fund State Street’s new actively managed SPDR SSgA Risk Aware ETF (RORO) aims to provide investors with a way to capitalize on risk-on and risk-off fluctuations in the U.S. equity market, essentially providing competitive returns compared to the broad U.S. equity […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
U.S. equities got off to a sour start this week, with Monday and Tuesday seeing major indexes end in the red. Stocks finally stabilized on Wednesday, even though economic data came in worse-than-expected: wholesale inventories rose 0.1% in July versus analyst expectations of a 0.5% rise. In corporate news, all eyes were on Apple after the company unveiled its latest models of its iPhone as well as its new iWatch [see also Under the Hood of the Internet ETF (FDN)]. On the ETF front, State Street debuted its first actively managed fund. First Trust also launched an active long-short ETF, while PowerShares introduced its new “laddered” bond fund. A “Risk Aware” Fund State Street’s new actively managed SPDR SSgA Risk Aware ETF (RORO) aims to provide investors with a way to capitalize on risk-on and risk-off fluctuations in the U.S. equity market, essentially providing competitive returns compared to the broad U.S. equity […]

Click here to read the original article on ETFdb.com.

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