December ETF Roundup: Launches, Filings, and Closures
January 03, 2011 at 07:00 AM EST
December continued the impressive wave of product innovation that has become expected of the ETF industry. Various issuers introduced first-to-market products and continued the impressive expansion of the exchange-traded product pipeline. After starting with a flurry of activity, product launches slowed in the second half of the month leading up to the holiday season. Still, more than a dozen new ETFs debuted in December. Below, we highlight all of the new additions to the ETF lineup over the last month, as well as some new fund filings: New ETFs ETFs that began trading in December include: UBS launched the E-TRACS Daily Long-Short VIX ETN (XVIX). The new exchange-traded note is linked to the S&P 500 VIX Futures Term-Structure Index Excess Return, and is the first U.S. listed exchange-traded product to offer investors both long and short exposure to VIX benchmarks, with positions rebalanced on a daily basis [see UBS [...] Click here to read the original article on ETFdb.com.