Old Mutual Global Index Trackers, a South Africa-based fund manager has just debuted its second U.S. listed ETF, the GlobalShares FTSE Developed Countries ex-US Fund (GSD).
GSD offers market exposure to 23 developed countries, including Canada, Japan, the United Kingdom, France and Germany without overlapping their US stock portfolios. The ETF is benchmarked to the FTSE Developed ex-US Index, which is comprised of over 1,400 stocks.
In addition, three newly introduced actively managed bond ETFs will compete in the growing ETF marketplace.
Grail Advisors has just launched the Grail McDonnell Intermediate Municipal Bond ETF (GMMB) and the Grail McDonnell Core Taxable Bond ETF (GMTB). The new Grail McDonnell bond ETFs allow the portfolio managers unrestricted trading, but with transparency of holdings and intraday liquidity for investors.