Zacks Plans Dividend, MLP Funds And Direxion Fills Pipeline

Equity markets appear to have regained their footing after enduring a rather painful correction over the past few weeks. Confidence has returned to the markets thanks to growing hopes that the Fed will offer up further stimulus this month, although looming Euro zone debt drama has proven that it can resurface in a moment’s notice. Amidst the flurry of trading activity this week, Zacks and Direxion have filed plans with the SEC to launch several new ETFs [see also Jim Rogers Says: Buy Commodities Now, Or You’ll Hate Yourself Later]. Chicago-based financial research firm and mutual fund manager Zacks is planning to enter the ETF arena with a product of their own. The company is teaming up with Exchange Traded Concepts to launch a pair of ETFs targeted towards yield-hungry investors [see SEC Filing]: Zacks Sustainable Dividend ETF (ZDIV): This ETF will seek to replicate the price and yield performance of the [...] Click here to read the original article on ETFdb.com. Related Posts: MLPA: The Low-Cost Leader In MLP ETFs ArrowShares Debuts With Global Yield ETF (GYLD) April Roundup: Launches, Filings, and Closures RBS China Trendpilot ETN And Global X MLP ETF Debut March Roundup: Launches, Filings, and Closures