A quartet of newly launched ETFs and ETNs won coverage in Investors Business Daily's "Exchange Traded Funds" column
The new products come from the virtual ETF factory at Global X. So far this year, the New York City-based ETF specialist has opened nearly two dozen ETFs. Meanwhile Invesco PowerShares has opened a pair of inflation-focused ETNs.
The Global X products -- Global X Nasdaq 500 ETF (QQQV) and Nasdaq 400 Mid Cap ETF (QQQM) -- are both based on new indices and carry 48 basis point expense ratios.
The Invesco PowerShares ETNs are PowerShares DB U.S. Inflation ETN (INFL) and DB U.S. Deflation ETN (DEFL). Each of the ETNs tracks the difference between a long or short TIPS position and Treasuries with equivalent maturities.
Armie Margaret Lee
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