Five New ETFs To Buy Now

Not all of them have been good ideas and not all of them will be around five years from now, but ETF issuers have been firing off new ETFs and ETNs at a rapid pace this year as the March-June period saw over 150 new funds come to market. Choice is always good for investors, but as has been noted so often in the past, a new ETF is not comparable to a hot stock IPO. Remember when LinkedIn LNKD more than doubled on its first day of trading? That doesn't happen with new exchange traded products, at least not often enough to bank on it being a regular event. Think of a new ETF or ETN as a fine wine: Give it some to breath and mature. However, there are few where it might pay to crack open the bottle sooner rather than later. Here are five new ETFs to consider right now. (For the purposes of simplicity, this list is confined to ETFs introduced this year.) 1) First Trust ISE Cloud Computing Index Fund SKYY: Forget ETFs that have rolled this year, SKYY isn't even a week old, but it is the first ETF devoted to the cloud-computing craze. This equal-weighted fund can at least lay claim to being the first way to gain access to the cloud and that first-to-market advantage cannot be understated as Forrester Research says global cloud spending will jump to $241 billion from $40 billion over the next decade. Google GOOG, Netflix NFLX and Salesforce.com CRM are just a few of SKYY's 40 holdings. 2) First Trust Brazil AlphaDEX Fund FBZ: Not yet three months old, FBZ has done an admirable job of attracting assets, raking in almost $7.2 million in assets under management. On the surface, FBZ looks like a competitor to the iShares MSCI Brazil Index Fund EWZ, but FBZ is vastly different as it uses an equal-weight by quintile approach. Not to mention, Petrobras PBR and Vale VALE aren't critical to FBZ as they are to EWZ. 3) IQ Global Agribusiness Small Cap ETF CROP: Just a few days shy of its four-month anniversary, CROP has proven to be more than just a rival to ETF that focus on large-cap agribusiness stocks. This ETF is a legitimate alternative. CROP has hauled in almost $55 million in AUM. Not to mention CROP has outperformed the Market Vectors Agribusiness ETF MOO since its debut. 4) Market Vectors Russia Small-Cap ETF RSXJ: Market Vectors certainly knows its way around Russia as the Market Vectors Russia ETF RSX is the oldest, biggest and most heavily traded Russia-specific ETF. Its small-cap cousin offers something large-cap Russia ETFs don't: Sector diversity. Energy names only account for 17.5% of RSXJ's weight and four other sectors (utilities, materials, industrials and consumer staples) also get double-digit weights. 5) Global X SuperDividend ETF SDIV: One hundred stocks at 1% each certainly remove the stock-picking burden from income investors and they seem to like the idea as SDIV has attracted a stellar $37.5 million in AUM in just five weeks of trading. The performance isn't there quite yet as SDIV is down almost 1.7% since its debut, but that's more a result of challenging market environment. This one is here to stay and the AUM number highlights that fact.