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24 May 2017 By Tom Buerkle Follow @tombuerkle

The tradable funds have grown wildly popular as an easy way to play the market. Now sponsors are dialing it up with plans for ETFs tracking asset-backed securities and the first fund to lever stock exposure four times, among others. The frenzy may end with a bang, not a whimper.

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BlackRock’s iShares subsidiary on May 19 filed a registration statement seeking approval from the U.S. Securities and Exchange Commission to launch an exchange-traded fund investing in asset-backed securities backed by auto loans, credit-card debt and student loans.

The proposed iShares ETF would aim to track the performance of the JPMorgan Consumer Core Asset-Backed Securities Index. It would be the first U.S. ETF tied to consumer credit ABS.

On May 2, the SEC approved an application to launch ETFs giving investors a four-times leveraged bet on the S&P 500 Index, although the regulator has put the decision on hold, according to a Wall Street Journal report on May 16, meaning the fund cannot yet start trading.

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