Market Overview

New iShares, PowerShares ETFs Due Out Friday (SPLV, DVYA, DVYE)


BlackRock's (NYSE: BLK) iShares and Invesco's (NYSE: IVZ) PowerShares, the largest and fourth-largest U.S. ETF issuers, respectively, will continue 2012's brisk pace of new ETF introductions on Friday with new emerging markets and volatilty funds.

iShares will introduce the iShares Emerging Markets Dividend Index Fund (NYSE: DVYE), which will track the iShares Emerging Markets Dividend Index. As of February 6, countries in the index included Brazil, Chile, China, the Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Morocco, the Philippines, Poland, Russia, South Africa, South Korea, Taiwan, Thailand and Turkey.

DVYE will have an expense ratio of 0.49% and could be a possible rival to the WisdomTree Emerging Markets Equity Income Fund (NYSE: DEM), which has proven quite popular with investors.

iShares will also roll out the iShares Asia/Pacifc Dividend 30 Index Fund (NYSE: DVYA), which will track the Dow Jones Asia/Pacific Dividend 30 Index. The index tracks companies based in Australia, Hong Kong, Japan, New Zealand and Singapore. DVYA will also have an expense ratio 0.49%.

Prior to Friday, iShares had introduced 21 new ETFs this year, according to the firm's Web site, making it the most prolific issuer of new ETFs in 2012.

PowerShares will add to its lineup of volatility funds with the PowerShares S&P Emerging Markets High Beta Portfolio (NYSE: EEHB) and the IDHB PowerShares S&P International Developed High Beta Portfolio (NYSE: IDHB). EEHB is the "high vol" equivalent of the PowerShares S&P Emerging Markets Low Volatility Portfolio (NYSE: EELV) launched in January. IDHB has a "low vol" cousin in the PowerShares S&P International Developed Low Volatility Portfolio (NYSE: IDLV), which also debuted in January.

PowerShares says its suite of high beta and low volatility now has over $1.3 billion in assets under management. The bulk of those assets are found with the PowerShares S&P 500 Low Volatility Portfolio (NYSE: SPLV), an ETF that proved to be one of 2011's most successful new funds.

At the end of January, PowerShares had 120 ETFs with $51.4 billion in assets under management, according to data from the ETF Industry Association.

Posted-In: News Short Ideas Dividends Specialty ETFs New ETFs Emerging Market ETFs Pre-Market Outlook Markets


Related Articles (DEM + BLK)

View Comments and Join the Discussion!