Last week was a busy week in the U.S. ETF marketplace. Heres a quick snapshot
of recent activity: ProShares Launches New VIX Short-Term Futures ETF The
ProShares Short VIX Short-Term Futures ETF (NYSE: SVXY ) was launched last week.
SVXY is a VIX ETF designed for bears because it aims for daily inverse or
opposite performance (-1x) to the S&P 500 VIX Short-Term Futures Index. It
charges annual expenses of 0.95%. For VIX bulls, ProShares also offers a 2x
daily leveraged fund called the ProShares S&P 500 Ultra VIX Short-Term Futures
(NYSE: UVXY ), along with 1x exposure to Mid-Term VIX Futures (NYSE: VIXM ) and
Short-Term VIX Futures (NYSE: VIXY ). New Small-Cap ETFs from Russell Russell
Investments launched four small-cap ETFs on the Nasdaq. Each fund is designed to
provide investors with access to specific investment strategies that mirror the
way equity managers tend to invest. We created these unique products to answer a
very specific need in the market, said James Polisson, CEO of Russells global
ETF business. Sophisticated investors now have an investment vehicle that
provides them with focused exposure in the small cap asset class beyond the
strict classification by sector and style. The four ETFs listed are based on
corresponding and newly launched Russell U.S. Small Cap Investment Discipline
Indexes. The new suite of small-cap ETFs consists of the following: Russell
Small Cap Aggressive Growth ETF (NASDAQ: SGGG ) Russell Small Cap Consistent
Growth ETF (NASDAQ: SCOG ) Russell Small Cap Low P/E ETF (NASDAQ: SCLP ) Russell
Small Cap Contrarian ETF (NASDAQ: SCTR ) The annual expense ratio is 0.45% for
these particular Russell ETFs, and the company now offers a total of 21 ETFs in
the United States, along with two in Australia.
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