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Goldman Sachs Asset Management Enhances Fixed Income ETF Offering With Launch of Four Active Municipal Bond ETFs
July 25, 2024--Goldman Sachs Asset Management ("Goldman Sachs") today announced the launch of four fixed income ETFs, the Goldman Sachs Ultra Short Municipal Income ETF (GUMI), the Goldman Sachs Municipal Income ETF (GMUB), the Goldman Sachs Dynamic California Municipal Income ETF (GCAL), and the Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) (collectively the "funds").
The actively managed ETFs provide investors with cost efficient access to municipal bonds, an asset class that can offer attractive after-tax income potential while serving as a valued diversifier within core fixed income portfolios.
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Source: am.gs.com
YieldMax Launches Short NVDA Option Income Strategy ETF (DIPS)
July 24, 2024--YieldMax announced the launch today of the following ETF:
YieldMax Short NVDA Option Income Strategy ETF (NYSE Arca: DIPS)
DIPS Overview
DIPS is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on NVIDIA Corporation ("NVDA"), while providing indirect short (inverse) exposure to the share price of NVDA.
DIPS's potential for gains from decreases in the share price of NVDA is limited, while its potential for losses resulting from increases in the share price of NVDA is up to 100%. DIPS does not invest directly in NVDA and does not directly short NVDA. Investors seeking direct exposure to the price of NVDA should consider an investment other than this Fund.
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Source: YieldMax
How active ETFs are unlocking innovation and opportunity for investors
July 22, 2024--KEY TAKEAWAYS
Active ETFs are an increasingly important part of investor toolkits, alongside mutual funds, closed-end funds (including private markets), separately managed accounts, and index ETFs.
Investors are increasingly choosing to access actively managed strategies through ETFs due to the wrapper's benefits, including tax efficiency and transparency.
BlackRock projects that global active ETF assets under management will surge to $4 trillion by 2030-a more than a four-fold increase in about six years.1
The Exchange-Traded Fund (ETF) industry has dramatically transformed in the past 30 years, progressively growing in both assets under management and in the variety of ETFs available to investors. From just a handful of U.S.-based funds in 1993 to over 13,000 globally currently, ETFs have evolved to provide transparent access to a broad range of asset classes, sectors, and geographies.2
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Source: ishares.com
AXS Investments Launches the AXS Knowledge Leaders ETF (KNO) to Invest in Global Innovators
July 22, 2024--Rebrands time-tested KLDW ETF, continuing its distinctive equity strategy based on Steve Vannelli's "Knowledge Effect"
AXS Investments, provider of ETFs and mutual funds for growth, income and diversification, today launched the AXS Knowledge Leaders ETF (KNO) to offer a time-tested, geographically diverse path to invest in the stocks of innovative companies.
The AXS Knowledge Leaders ETF (KNO) is an actively managed ETF that seeks long-term capital appreciation by investing in stocks of highly innovative companies in the developed world.
These companies, identified as "knowledge leaders," possess deep reservoirs of intangible capital as a result of their history of investing in knowledge-intensive activities like research & development, brand development and employee education. The result is a portfolio designed to play a core role in providing equity exposure to companies across the globe.
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Source: AXS Investments
Brompton Announces the Launch of Brompton International Cash Flow Kings ETF
July 18, 2024--Brompton Funds Limited (the "Manager") is pleased to announce that Brompton International Cash Flow Kings ETF (the "ETF" and "KNGX") will commence trading on the Toronto Stock Exchange (the "TSX") today. A final prospectus dated May 21, 2024 was filed with the securities regulatory authorities in each province and territory in Canada.
The ETF aims to deliver long-term capital appreciation by investing in quality international companies with high free cash flow yields. The Manager believes high free cash flow yielding companies offer attractive value and have the financial strength and flexibility to deliver attractive returns for investors in the near and long term.
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Source: Brompton International Cash Flow Kings ETF
Accomplished ETF Industry Veteran Mo Sparks Joins Raymond James Investment Management
July 18, 2024--Sparks will lead ETF platform development for global asset management company
ETF launch anticipated in 2025, broadening investor access and supporting firm growth
Raymond James Investment Management, a global asset management company with $102.7 billion in assets and a wholly-owned subsidiary of Raymond James, plans to launch an ETF product platform in 2025 to support strong client demand in alignment with putting clients' needs first.
As part of the platform development, the firm has appointed former NYSE Director of Exchange Traded Products Mo Sparks as Head of Exchange Traded Funds, effective July 22. In this role, he will focus on building out Raymond James Investment Management's ETF platform.
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Source: Raymond James Investment Management
Calamos Announces S&P 500 Structured Alt Protection ETFTM-August (CPSA) 8.58%-9.07% Upside Cap Range with 100% Downside Protection Over One Year
July 18, 2024--CPSA is slated to launch August 1 with 8.58%-9.07% estimated upside cap range over a one-year outcome period.
The Calamos Structured Protection ETF suite combines Calamos' decades-long alternatives and options investing expertise with the liquid, cost-effective and tax-efficient ETF structure.
Calamos Structured Protection ETFs offer investors the most comprehensive capital-protected suite across leading U.S. equity indices (S&P 500, Nasdaq-100 and Russell 2000)
Calamos Investments LLC ("Calamos")), a leading alternatives manager, today announced the estimated upside cap-ranges for the Calamos S&P 500 Structured Alt Protection ETF-August (CPSA), providing 100% downside-protected S&P 500 exposure with an estimated upside cap range of 8.58%-9.07% over a one-year outcome period before fees and expenses.
Launching August 1, 2024, CPSA marks the ongoing expansion of the Calamos Structured Protection ETFsTM series, a suite of ETFS offering 100% downside protection to the S&P 500, Nasdaq-100 and Russell 2000.
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Source: Calamos Investments
American Century Launches California Municipal Bond ETF
July 18, 2024--American Century Investments, the $250 billion global asset manager, expands its investment capabilities with the launch of its first California municipal bond exchange traded fund (ETF). American Century California Municipal Bond ETF (CATF) is now listed on the New York Stock Exchange (NYSE) and joins the asset manager's lineup of active ETFs.
"American Century has managed municipal bonds for California investors for over 40 years and we're excited to leverage our deep history in California-specific strategies across the investment grade and high yield markets with the launch of CATF," said Joe Gotelli, senior portfolio manager, head of the Municipal Markets team. "We are driven by the needs of our clients and eager to provide an offering to California residents that takes advantage of opportunities across the credit and duration1 spectrum."
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Source: American Century Investments
KraneShares Launches AGIX: An Artificial Intelligence & Technology ETF That Provides Investors Exposure to Companies Across the AI Ecosystem
July 18, 2024--Today, Krane Funds Advisors, LLC ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs), announced the launch of the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) on the Nasdaq Stock Market (NASDAQ).
AGIX tracks the Solactive Etna Artificial General Intelligence Index, which is designed to capture the performance of companies engaged in developing and applying artificial intelligence technologies. AGIX primarily holds publicly listed global AI companies and has the ability to allocate to private AI companies.
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Source: KraneShares
The Defiance Treasury Alternative Yield ETF (TRES) to Close
July 17, 2024--Tidal ETF Trust's Board of Trustees has made the decision to liquidate and close the Defiance Treasury Alternative Yield ETF (the "Fund"). The decision was reached in the best interest of the Fund and its shareholders.
Trading of the Fund on the NASDAQ will cease, and the Fund will no longer accept investor purchases after the close of regular trading on July 26, 2024 (the "Closing Date"). Shareholders have the option to sell their holdings in the Fund before the Closing Date, with standard brokerage fees applicable.
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Source: Tidal Financial Group