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This week on Wall Street, investors turned their attention to escalating tensions in the Middle East. Following reports of Syria’s government using chemical weapons against its own people, talks of a U.S.-led intervention and potential spillovers into other countries in the oil-rich region heightened investors’ concerns. Meanwhile, the U.S. economy’s growth was revised up to a 2.5% annual rate versus the initial estimate of 1.7%, a positive sign for the markets .

On the exchange-traded fund front, First Trust debuted its International Multi-Asset Diversified Income Index Fund (YDIV), which is designed to offer exposure to a basket of non-U.S. income-producing securities. This week also saw two ETF issuers file regulatory paperwork with the SEC for two compelling funds.

State Street, the issuer of the popular SPDR ETFs, announced it is planning to add another emerging market fund to its lineup:

  • SPDR MSCI Beyond BRIC ETF (EMBB): According to its filing, EMBB will track the MSCI Beyond BRIC Index, which will target companies from emerging markets, excluding Brazil, Russia, India, and China (BRIC). The fund will use American depositary receipts and global depositary receipts of issuers from Chile, Colombia, the Czech Republic, Egypt, Hungary, Indonesia, Malaysia, Mexico, Morocco, Peru, the Philippines, Poland, South Africa, South Korea, Taiwan, Thailand and Turkey .
ProShares is looking to grow its portfolio with the addition of a new emerging market bond fund:

  • Short Term USD Emerging Markets Bond ETF: This fund will consist of a diversified portfolio of USD-denominated emerging market bonds that have less than five years remaining to maturity, according to its filing. The bonds will be from sovereign governments, non-sovereign government agencies and entities. as well as corporations domiciled in roughly 24 different countries.
ArrowShares also filed paperwork with the SEC  to gain regulatory approval to create self-indexing funds.

Follow me on Twitter @DPylypczak.

Disclosure: No positions at time of writing.

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