Newcomer Vident Launches International Equity ETF (VIDI)

Taper talks came into focus once again this week after the Federal Reserve gave somewhat of a positive outlook on the economy, leaving investors speculating when the central bank will begin tapering its bond purchases. Meanwhile, investors also weighed a slew of earnings reports this week from big name companies; ConocoPhillips (COP), Apple (AAPL), and Facebook (FB) all beat analysts’ expectations, while Exxon Mobil (XOM) posted better-than-expected Q3 profit and revenue, despite an 18% decline in profits [see How To Invest In 2013's Breakthrough Technologies]. On the ETF front, the industry saw only one new launch this week from a newcomer to the ETF space. Georgia-based Vident Financial made its debut in the ETF world with its launch on Thursday: International Equity Fund : This fund tracks the Vident International Equity Index, which combines principles-based country and securities selection with sophisticated risk management. Unlike traditional market cap weighted funds, VIDI selects its securities using [...] Click here to read the original article on ETFdb.com. Related Posts: How Diversified Is Your Global Ex-U.S. ETF? April ETF Roundup: Launches, Filings And Closures Launch Frenzy: iShares, FlexShares and Credit Suisse All Bring Funds To Market State Street Adds Global ETF, Mega Cap Emerging Markets ETF Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds