- Wells Fargo (WFC) filed for permission with the SEC to build its own set of active ETFs, a natural first step from its mutual fund business into the ETF universe.
- The Wells Fargo Advantage Ultra Short-Term Bond ETF is the initial fund proposed in the filling and will invest in short-term income-producing debt securities, including U.S. Government obligations, corporate debt securities, bank loans and mortgage- and asset-backed debt securities.
- Details on the fund are still in the works, including the expense ratio, ticker symbol and proposed launch date.
From other sites
at Zacks.com (Fri, 3:47PM)
at AdvisorHUB (Thu, 3:05PM)
at AdvisorHUB (Mon, 12:07PM)
at AdvisorHUB (Apr 21, 2015)
at Zacks.com (Apr 10, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs