ETF Odds & Ends: iShares Expense Ratio Changes

The week also saw a range of share splits, closures and launches.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Perhaps the biggest news beyond launches last week in the ETF space were the baker’s dozen of expense ratio changes that became effective March 1. iShares, Global X and other issuers all made changes to a variety of funds.

iShares trimmed one basis point off the costs of three of its fixed income ETFs as follows:

Similarly, Global X shaved one basis point off the expense ratios of six of its China sector ETFs, lowering the cost from 0.66% to 0.65%. The affected funds included the following:

Meanwhile, the Global X DAX Germany ETF (DAX) lowered its expense ratio from from 0.21% to 0.20% and the Global X FTSE Nordic Region ETF (GXF) lowered its expense ratio from 0.56% to 0.51%

The Anfield U.S. Equity Sector Rotation ETF (AESR) increased its expense ratio from 1.42% to 1.46%, while the Affinity World Leaders Equity ETF (WLDR) increased its expense ratio from 0.47% to 0.67%.

Share Splits

Six J.P. Morgan ETFs are set to undergo reverse splits effective April 12 as follows:

Additional Changes

Changes are scheduled for two more funds. As of March 24, the Invesco Cleantech ETF (PZD) will change its ticker to ERTH, and as of May 17, ProShares K-1 Free Crude Oil Strategy ETF (OILK) will cease to be actively managed and adopt the Bloomberg Commodity Balanced WTI Crude Oil Index as its benchmark.

Closures

As of March 12, two ETFs shuttered. The AGFiQ U.S. Market Neutral Momentum Fund (MOM) and the AGFiQ Dynamic Hedged U.S. Equity ETF (USHG) bring the total number of completed closures for the year so far to six.

Additonal Launches

Beyond the ETF launches already covered by ETF.com, on  March 11, J.P. Morgan rolled out the JPMorgan Emerging Markets Equity Core ETF (JEMA), an actively managed ETF that focuses on emerging markets and comes with an expense ratio of 0.33%.

Contact Heather Bell at [email protected]

 

 

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.