An industry veteran and a newcomer have ramped up activity on the product development front during an otherwise quiet week before the holiday weekend. ProShares filed with the SEC for a lineup of new equity ETFs that are calibrated to deliver a specific level of volatility depending on market conditions,while New York-based Yorkville ETF Advisors is planning to bring to market their first exchange-traded fund through Exchange Traded Concepts. Better known for their lineup of leveraged and inverse products, industry giant ProShares has laid down the groundwork for an intriguing covered bond fund [see SEC Filing]: ProShares USD Covered Bond: This ETF will be designed to track the USD Covered Bond Index, which is comprised of U.S. dollar-denominated fixed income securities. The underlying holdings are “Covered Bonds” which are debt instruments issued by a financial institution that are secured by a pool of financial assets, most commonly through a “cover [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts