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ETF Watch: August 22 – August 28
By Heather Bell | August 27, 2010

Related ETFs: RFF / RPQ
  • Van Eck debuts small-cap India ETF
  • MLP Fund breaks new ground
  • Grail closes two ETFs

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NEW LISTINGS

Van Eck’s Small-Cap India Fund Debuts

Van Eck Global launched the first India-focused small-cap ETF on Aug. 25. The Van Eck Market Vectors India Small Cap Index ETF (NYSEArca: SCIF) tracks an index consisting of 122 companies with an average market capitalization of $456 million. The new fund carries an expense ratio of 85 basis points.

First MLP ETF Will Compete With Raft Of ETNs

On Aug. 25, research firm and index provider Alerian rolled out the Alerian MLP ETF (NYSEArca: AMLP). The fund is the first to cover the MLP space, although there are already several ETNs targeting that part of the market, many of them tracking Alerian indexes. ALPS Advisors is AMLP’s distributor; the ETF charges an expense ratio of 0.85 percent.

NEW FILINGS

There were no new filings during the covered time period.

OTHER NEWS

Grail Shuts Down Two Funds

Grail Advisors announced last week that it would be closing two funds prior to the market open on Aug. 30. The Grail RP Financials (NYSEArca: RFF) and Grail RP Technology (NYSEArca: RPQ) ETFs had not accumulated significant assets.