ETF News - 3/14/2014 - InvestingChannel

November 22, 2024

ETF News – 3/14/2014

by AllETF.com0164

  • On March 4, Horizons Korea KOSPI 200 ETF [HKOR] was launched. This passively managed fund seeks to track the performance of KOSPI 200 Index, a free-float-adjusted, market capitalization weighted index. KOSPI 200 Index consists of 200 blue chip companies listed in the Korea Exchange and is the most broadly diversified Korean benchmark. . The index uses various factors including market and sector representation as well as liquidity of the stocks to determine the weightings of individual securities in the basket
  • Name: Horizons Korea KOSPI 200 ETF 
  • Launch Date: March 4, 2014 
  • CUSIP: 44052C108 
  • Exchange: NYSE Arca 
  • Ticker Symbol: HKOR 
  • Underlying Index: KOSPI 200 Index 
  • Total Gross Expense Ratio: 0.38% 
  • Currency Hedging: This ETF will not use any currency hedging 
  • Investment Adviser: Horizons ETFs Management (USA) LLC 
  • Sub-Adviser: Mirae Asset Global Investments (Hong Kong) Limited 
  • Distribution Frequency: Semi-Annually 

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  • On March 11, two ETFs were launched. The Global X Guru Small Cap Index ETF [GURX] and the Global x Guru International ETF [GURI]. Both have a 0.75% expense ratio. According to ETFTrends.com, “the two new ETFs, like the original GURU ETF, are comprised of high conviction ideas based on 13F filing data from a select pool of hedge funds. GURI will track the Solactive Guru International Index and GURX will follow the Solactive Guru Small Cap Index. Both are equal weighted indices.

     

  • KraneShares and Bosera have licensed the MSCI China A Index for new ETF trading on the NYSE. This will provide the broadest exposure to the opportunities of the A shares market. In a recent MarketWatch article, Charles Wang, Bosera’s Chief Investment Officer, said, “The MSCI China A Index covers not only large cap but also mid cap stocks with significant index exposures to growth sectors such as consumer durables, consumer staples, healthcare and technologies. We look forward to working closely with KraneShares to offer the first MSCI-linked China A ETF for US investors.”

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