Factor Advisors Launches Commodity Focused ETFsCatherine EppersonDecember 6, 2012
Factor Advisors launched three new equity ETFs that invest in stocks linked to gemstones and metals mining.
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PureFunds ISE Diamond/Gemstone ETF (NYSEARCA:GEMS)PureFunds ISE Mining Service ETF (NYSEARCA:MSXX)PureFunds ISE Junior Silver ETF (NYSEARCA:SILJ)GEMS invests in the largest and most liquid companies that are actively engaged in the gemstone industry, including companies that produce, explore, and sell gemstones. MSXX is focused on the largest and most liquid companies that facilitate the operations of the mining services industry, including companies that manufacture, lease, sell and provide equipment, and companies that engage in exploration and extraction.SILJ is linked to the ISE Junior Silver Small Cap Miners/Explorers Index and invests in small-capitalization companies that are engaged in the silver industry, including companies that mine, explore or refine silver.Factor Advisors, LLC serves as the investment advisor for the Funds while PureFunds, LLC serves as the business manager.The new funds have annual expense ratios of 0.69%
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