5 Successful New ETFs Of 1H16

The ETF industry is growing by leaps and bounds. Issuers seem not to leave any stone unturned and appear steadfast in rolling out new products in tandem with investors’ demand or market sentiment.

This took the industry to a phenomenal size of $2.23 trillion, contributed by about 1,658 ETFs. Novelty in product launches holds the key as issuers are extremely proactive in bringing about products on varied themes.

In the first half of 2016, as many as 126 ETFs were launched. Though the start was not great with the first quarter seeing just 46 new ETFs, the next three months was stellar in terms of issuances. As many as 80 funds entered the market with June seeing the highest addition of 31.

Among the new ETFs that hit the market in the last three months, the highest grossing one was initiated in March followed by a product that hit the market in February. Let’s take a look at the other winning ETFs that scooped up assets in the first half of 2016, and look to be big winners for their issuers down the road.

SPDR SSGA Gender Diversity Index ETF (SHE) – $270.7 million

The fund has generated about $270.1 million of assets since it debuted in March. It tracks the SSGA Gender Diversity Index and looks to focus on large-cap companies with female employees in senior leadership positions (read: Women Leaders ETFs Head to Head: WIL vs. SHE).

The fund holds 138 stocks in its basket and has an expense ratio of 0.20%. The fund’s portfolio is well diversified with none holding more than 6.48%. From a sectoral perspective, financials (17.2%), health care (16.7%) and information technology (15.8%) occupy the top three positions.

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM -ETF report) – $238.9 million

It forayed into the ETF universe in February and has seen huge success. It focuses on the performance of dividend-paying companies in the industrialized world, barring Canada & the U.S., and rules out the effect of foreign currency translations relative to the USD from the index performance with a hedge ratio ranging from 0–100% on a monthly basis, as per the issuer.

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