8:06 am CDT
ALPS announced plans to close and liquidate its four ETFs in the ALPS | Goldman Sachs Index Series. Shareholders need to be aware that ALPS has already commenced liquidating portfolio positions, and therefore the funds are no longer tracking their respective indexes.More
Alerian MLP ETF (AMLP) Finally Admits Its 8% Expense Ratio | Mon, August 18th, 2014
AMLP has been very slow to reveal its true expense ratio. From its inception on August 25, 2010 through April 18, 2012 it clung tightly to the notion that investors were only paying 0.85% per year. Earlier this year, AMLP finally got around to filing an amendment to its prospectus admitting a total expense ratio of 8.56%.
ETF Stats for July 2014 – Four New Players Join The Game | Sun, August 17th, 2014
Sponsors launched fourteen ETFs and three ETNs in July, bringing the new introduction count to 118 so far this year. Closure activity has been minimal, with no closures in July and just 24 for the year-to-date period. The seventeen product introductions put the month-end listing count at 1,630 (consisting of 1,422 ETFs and 208 ETNs). Product counts aren’t the only thing increasing, as four new firms joined the ranks of sponsors and issuers.