Diamonds and Kazakhs and Bitcoins, Oh My: An ETF Parade
This article is for subscribers only.
There are 982 exchange-traded funds waiting to be approved by the Securities and Exchange Commission, according to Index Universe. In other words, there are nearly as many ETFs in registration as there are in existence. The good news for investors who shudder at the thought of yet more ETFs to sort through: only some of these will become reality.
The bulk of these filings are plain-vanilla ‘me-too’ products. Others, such as the Guggenheim Small-Mid Cap BRIC ETF, offer a slight variation on products currently on the market. Then there are a few that stand out like peacocks in a flock of crows. Here are some of the more intriguing ETFs awaiting SEC approval, along with ticker suggestions from yours truly.