By Stoyan Bojinov:
Earnings season may be taking center stage on Wall Street, but activity on the product development front has also been picking up steam. Today alone, three new products hit the street, including an emerging markets corporate bond ETF from industry veteran iShares. Also added to the product lineup are the new cost-efficient MLP ETF (NYSEArca:MLPA - News) from Global X as well as a China Trendpilot ETN (NYSEArca:TCHI - News) from RBS. AdvisorShares and Javelin are also planning to beef up their list of offering with plans to launch an asset allocation fund and valued-focused ETF respectively.
AdvisorShares, best known for its diverse lineup of actively-managed ETFs, will be the issuer behind the proposed fund from Pring Turner Capital Group (see SEC filing):
- Pring Turner Dow Jones Business Cycle ETF (:DBIZ): This product seeks long-term total return from capital appreciation and income. DBIZ will utilize proprietary business cycle research to proactively change the underlying asset and sector allocations in an effort to minimize downside and optimize returns throughout all sorts of market conditions. The fund will feature allocations to stocks and bonds as well as commodities.
