VelocityShares Planning 3 Emerging Markets ETFs
VelocityShares, the firm behind the now infamous VelocityShares Daily 2x VIX Short-Term ETN (NYSE: TVIX), has filed plans with the Securities and Exchange Commission to possibly introduce three new ETFs.
The firm filed plans for the VelocityShares Emerging Markets Depositary Receipt ETF. That fund, if it comes to market, will track the BNY Mellon Emerging Markets DR Index. VelocityShares has also filed plans for the VelocityShares Russia Select Depositary Receipt ETF, which will track the BNY Mellon Russia DR Index.
The third fund VelocityShares filed plans for is the VelocityShares Emerging Asia Depositary Receipt ETF. That fund will track the BNY Mellon Emerging Asia DR Index. Tickers and expense ratios for the ETFs were not included in the SEC filing.
The ETFs will be the first issued by VelocityShares as the firm's entire lineup currently consists of 22 ETNs.
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