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Monday, July 26, 2010

Georgetown Gets into ETFs

Reported by Sean Hanna, Editor in Chief

Georgetown Investment Management (Bethesda, MD) has filed with the SEC for exemptive relief for five new ETFs. The filing is the first step to launch an ETF. [SEC filing]

The filing lists Christopher Long as managing director and the holders of a controlling interest in Georgetown. The listed mailing address for Georgetown Investment Management, including the suite number, is identical to that of the Washington Service, a securities research firm. The Washington Service had employed an analyst named Chris Jones who has been quoted in news articles, however, whether the two are related could not be immediately determined.

The five products will create a diverse family of products for Georgetown that will feature two U.S. equity funds, a U.S. bond fund along with two international funds.

Georgetown did not identify the indexes upon which the ETFs will be based, but it did provide product names, including: Georgetown U.S. Small-Mid Cap ETF, Georgetown U.S. Large Cap ETF, Georgetown Prime 1-5 Year Bond ETF, Georgetown International ETF, and Georgetown Emerging Markets ETF. 

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