At Least 3 New ETFs to Debut Thursday

Tomorrow will be a fairly brisk day for ETF introductions as at least three new funds are expected to come to market. Among them will be the first Greece-specific ETF, which we

. The Global X FTSE Greece 20 ETF

will also be joined by the Direxion Large Cap Insider Sentiment Shares

and the Direxion All Cap Insider Sentiment Shares

. Both Direxion offerings will have expense ratios of 0.65% and represent the firm's latest attempt at diversifying its product line beyond leveraged funds. KNOW's index is composed of 100 stocks selected from the S&P 1500 by Sabrient Systems and the index is quant-weighted. INSD also follows a 100-stock index, but those stocks are culled from the S&P 500. The index is also quant-weighted, meaning the top 50 stocks are weighted exponentially, with the top stock representing 2.6% of the Index, while the bottom 50 stocks are equal-weighted, with each representing 0.35% of the Index. The bottom 50 stocks thereby account for 17.61% of the total Index, according to ETF Daily News. Both indexes rebalance monthly. Direxion and Global X had 50 and 36 ETFs, respectively, on the market as of the end of November.