• Van Eck debuts emerging market debt ETF
• Global X launches first-ever lithium fund
• Dreyfus expands ETF plans

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NEW LISTINGS

Van Eck Rolls Out Emerging Debt Fund
Van Eck Global rolled out last Friday the first emerging market debt ETF that owns bonds based in local currencies, thereby raising the stakes in a space previously occupied only by two funds that focus strictly on dollar-denominated debt. The Market Vectors Emerging Markets Local Currency Bond ETF (NYSEArca: EMLC) has a net expense ratio of just 0.49 percent and tracks the J.P. Morgan Government Bond Index-Emerging Markets Global Core Index.

Global X Launches First-Ever Lithium ETF
Global X carved out a new niche last week with the launch of the first ETF to tap into the renewable energy theme through lithium companies. The Global X Lithium (NYSEArca: LIT) is the first of a kind and invests in lithium miners as well as in lithium battery makers. The fund, which tracks the Solactive Global Lithium Index, comes with an annual expense ratio of 0.75 percent.

AdvisorShares Unveils ADR ETF
AdvisorShares launched last Wednesday the world’s first active fund focused on American depositary receipts. The WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) has a net expense ratio of 1.25 percent. The portfolio, which includes developed and emerging markets, focuses on 20 to 30 holdings, and emphasizes traditional growth sectors such as technology, healthcare as well as consumer staples and discretionary items.

NEW FILINGS

Direxion Files For 11 Funds
Direxion filed to launch 11 new funds focused primarily on commodities and currencies. Direxion’s new fleet of ETFs consists of triple-exposure gold, silver, euro, Japanese yen and dollar funds. Ten of the funds are part of the bull-and-bear pairs, which is usually how the firm introduces new products. In addition, Direxion will offer a nonleveraged fund based on the S&P 500 VEQTOR Index.

ALPS Plans 'Strategic Income' ETF
ALPS Advisors has filed papers to offer an actively managed global fixed-income ETF that could own debt securities comprising broad ranges of maturities and credit quality. The RiverFront Strategic Income Fund will invest in a basket of corporate as well as government fixed-income securities across the yield curve that are both dollar- and nondollar-denominated. Because the ETF hasn’t established any credit rating criteria for those securities, it could invest entirely in junk bonds. The fund, which is set to become ALPS’ first fixed-income strategy ETF, will come with a net expense ratio of 0.24 percent after a fee waiver.

Dreyfus Adds Plans For Passive ETFs
Dreyfus expanded its plans to enter the ETF arena in a new filing that lays the groundwork to market index-based ETFs as well. The filing describes a line of hybrid funds that will track market-capitalization-weighted indexes while also taking into account fundamental factors such as corporate earnings and dividend yield.

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