Best New ETF Of 2017 Picks From The Inside ETFs Conference

The Inside ETFs conference is going on now through Wednesday down in Hollywood, Florida. It's considered one of (if not the) biggest ETF-centric conference there is. It always draws an all-star crowd of analysts, fund providers, bloggers, pundits and just about everybody in between.

One of the more interesting panels from the event just concluded - "The Best New ETF of 2017". This year, seven industry ETF experts offered up their choices, and I just wanted to run briefly through each one.

Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB)

This fund is a pretty standard total investment grade bond ETF, but layers on some additional criteria to eliminate companies with high leverage or poor margins. Despite launching in June, the fund is already at more than $160 million in assets.

Davis Select Worldwide ETF (DWLD)

This fund bucks the passive trend by actively managing a portfolio of what it considers "best of breed" businesses. It can invest in all size companies but typically favors large caps. It also plans on investing roughly 40% of assets overseas. The fund has already grown to $176 million in assets.

iShares Core MSCI International Developed Markets ETF (IDEV)

This fund is a globally diversified mostly large-cap ETF that currently has roughly 40% of assets invested in Japan and the United Kingdom. Thanks to the iShares name, it's already blown up to nearly $1 billion in assets, despite only 10 months old.

iShares Edge Investment Grade Enhanced Bond ETF (IGEB)

This fund invests in investment-grade bonds of all maturities but takes the "enhanced" part of its name from its focus on both quality and value. The fund has yet to gain wider acceptance, however, as it has only $10 million in assets.

USCF Summerhaven SHPEI Index Fund (BUY)

This fund has a more unique objective, as it focuses on publicly traded companies that display private equity-like characteristics. That criteria includes lower valuation, moderate profitability and good enterprise value to EBITDA ratios. This fund is a bit of a risky venture as it focuses on small companies that can have some questionable business strength.

Vanguard Total Corporate Bond ETF (VTC)

This fund is just a simple combination of Vanguard's Short-Term, Intermediate-Term, and Long-Term Corporate Bond ETFs. It has the added advantage of the fact that it adds no additional fees to its ETF-of-ETFs structure, but there's nothing really unique about this product.

VanEck Vectors NDR CMG Long/Flat Allocation ETF (LFEQ)

This fund has only two potential holdings, an S&P 500 ETF and a portfolio of T-bills. The fund's allocation depends on the results of a proprietary model that judges the equity markets by factors, such as market breadth and momentum. It's currently at 100% equities.

For the record, the USCF Summerhaven SHPEI Index Fund was voted the winner at the conference. I feel a little strange saying this, but I think the one actively managed fund, DWLD, is my favorite in the group. Its expense ratio of 0.65% isn't bad for an active fund, even though it's significantly higher than an index fund, and I like the mix of domestic/international and focus on high-quality companies.

What do you think? Which of these new funds do you find the most appealing?

Disclosure: None. 

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