7 New ETFs to Trade

NEW YORK ( TheStreet Ratings) -- Month after month the list of exchange-traded funds continues to grow. Each narrow sub-category of investment classification is a candidate for its own fund.

To qualify for a risk-adjusted return ranking with TheStreet Ratings, a new exchange-traded fund must trade for a full year. 209 new exchange-traded funds with less than one year of history are slated to be added to our universe of rated funds over the next 12 months.

Three new Market Vectors funds from Van Eck Associates covering segments of the fixed income and foreign markets that launched in April turned in their first full calendar month of trading. Two new SPDR ETFs from SSgA Funds Management, one ETF from Global X Management, and one ETF from UBS Global Asset Management also commenced trading in April.

Market Vectors Investment Grade Floating Rate Bond ETF ( FLTR) began trading on April 25, 2011. The Fund seeks to replicate as closely as possible the price and yield performance of the Market Vectors Investment Grade Floating Rate Index. The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark. In May, the fund gained 0.2%.

Market Vectors Russia SmallCap ETF ( RSXJ) began trading on April 13, 2011. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Russia Small-Cap Index. The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. In May, the fund lost 0.3%.

Market Vectors Germany SmallCap ETF ( GERJ) began trading on April 4, 2011. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Germany Small-Cap Index.The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. In May, the fund gained 2.6%.

SPDR Nuveen S&P Hi Yld Muni Bd ETF ( HYMB) began trading on April 13, 2011. The Fund seeks to provide investment results that correspond to the price and yield performance of an index that tracks the U.S. high yield municipal bond market and to provide income that is exempt from federal income taxes. The Fund invests at least 80% of its total assets in the securities comprising the Index. In May, the fund gained 0.6%.

SPDR Barclays Capital Issuer Scored Corporate Bond ETF ( CBND) began trading on April 6, 2011. The Fund seeks to provide investment results that correspond generally to the price & yield performance of the Barclays Capital Issuer Scored Corporate Index. The Index includes publicly issued U.S. corporate issues that are rated investment grade and have $250 million or more of par amount outstanding. In May, the fund gained 1.1%.

Global X Waste Management ETF ( WSTE) began trading on April 12, 2011. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Waste Management Index. The Fund will invest at least 80% of its total assets in the securities of the Underlying Index and in ADRs and GDRs based on the securities in the Underlying Index. In May, the fund lost 0.8%. Top holdings include Stericycle Inc ( SRCL), Waste Management Inc ( WM), Veolia Environnement ( VE), Republic Service ( RSG), and Clean Harbors ( CLH).

UBS E-TRACS Wells Fargo BDC Index ( BDCS) began trading on April 27, 2011. The Fund seeks to track an investment in the Wells Fargo BDC Index. The Index is intended to measure the performance of all business development companies (BDCs) that are listed on the NYSE and NASDAQ exchanges with a market capitalization of at least $100 million. In May, the fund lost 2.9%.

With any new trading vehicle it is important understand the unique risks involved. As you can lose money, be sure to read the prospectus of each new security before investing.

-- Reported by Kevin Baker in Jupiter, Fla.

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Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering equity and mutual fund ratings. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.