The number of U.S.-traded exchange-traded funds (ETFs) has grown so rapidly that it is inevitable that many new funds will be very similar to existing ones. In the case of the Sprott Rare Earths Ex-China ETF (REXC), there’s a clear distinction for just about anything that came before it.
REXC debuted on Tuesday, so it currently has a mere $2 million in assets. But given that the Vaneck Rare Earth Strategic Metals ETF (REMX) is about the only peer in existence, REXC has at least attempted to do something unique.
