ETFs

Donohue: ‘We are moving quickly.’

The Valley Forge, Pa., company's decision comes just a few months after a similar move by Charles Schwab.

ETF assets rose 7.2% in March to $806 billion, according to data from State Street.

IndexIQ is the latest provider to join in on the trend, offering Canadian and Australian small-cap ETFs, the first two in a series of such single-country funds.

ProFunds Group has just unveiled three ETFs with single-inverse exposure to China, U.S. real estate and U.S. basic materials.

Direxion has launched six new long and short exchange-traded funds tracking BRIC, India and the semiconductor industry, bringing the total number of leveraged ETFs it offers to 34.

The company plans to launch its first actively-managed ETF later this year that would invest in about 300 domestic large-cap stocks.

Assets held in domestic exchange-traded funds increased last month, but couldn’t quite keep pace with the Standard & Poor’s 500.