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Cognizant and Victory Capital to Extend Relationship with Five-Year Agreement
July 17, 2024--Cognizant will provide IT infrastructure, security, and data and analytics support to Victory Capital's next phase of digital transformation.
Cognizant (NASDAQ: CTSH) announced today a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital"), a diversified global asset management firm.
Cognizant anticipates providing Victory Capital with technology infrastructure, security, and data and analytics capabilities, which will include infrastructure management, security engineering, a 24/7 security operations center, and a comprehensive service desk, which will provide infrastructure and application monitoring and end-user support.
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Source: Cognizant Technology Solutions Corporation
Miami International Holdings Announces SEC Approval of MIAX Sapphire Exchange
July 17, 2024--Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today announced the Securities and Exchange Commission (SEC) has approved MIAX Sapphire LLC's (MIAX Sapphire) application for registration as a national securities exchange.
MIAX Sapphire will be MIAX's fourth national securities exchange for U.S. multi-listed options and will operate both an electronic exchange and physical trading floor. The electronic exchange is expected to launch on August 12, 2024, with the opening of the physical trading floor to follow in 2025. The MIAX Sapphire trading floor will be the first national securities exchange to establish operations in Miami, Florida, and will include a next-generation trading floor, ancillary office space for MIAX employees and market participants, conference facilities and broadcast media space.
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Source: MIAX
Invesco Expands Active ETF Platform by Adding Innovative Option Strategy to Highest Demand Offerings
July 17, 2024--Fee waiver brings QQA and RSPA management fee to zero
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today that it will expand its active ETF platform by layering an options income strategy over two of its most well-known and high demand investment offerings.
The launch of the Invesco Income Advantage Suite seeks to add consistent yield to the Nasdaq 100 Index and S&P 500 Equal Weight Index offering investors another way to access these two innovative strategies.
Actively managed Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) aim to combine the equity exposure of an index-tracking product with a consistent and high monthly yield. QQA and RSPA are unique in their goals to offer reliable income and market participation, and a diversified option income overlay, allowing for a balance of yield and growth with a focus on long-tern total returns.
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Source: Invesco Ltd
KraneShares Launches KSPY Tracking an Index Powered by Hedgeye Research Designed to Reduce Volatility and Provide a Downside Hedge on S&P 500
July 16, 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 Hedgeye Hedged Equity Index ETF (Ticker: KSPY) on the New York Stock Exchange (NYSE).
KraneShares has an exclusive license to the Hedgeye Hedged Equity Index provided by Hedgeye Asset Management, LLC ("HAM"), a subsidiary of Hedgeye Risk Management, LLC ("Hedgeye"), a leading independent provider of real-time investment research and online financial media headquartered in Stamford, CT.
KSPY tracks the Hedgeye Hedged Equity Index. The Index provides exposure to the S&P 500 while seeking to reduce volatility and to provide downside risk management. The Index utilizes a model based on Hedgeye's proprietary Risk Range Signals that analyze the daily trading range of the S&P 500. The Index toggles between three options strategies based on where the S&P 500 falls within these ranges.
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Source: KraneShares
AllianceBernstein Launches AB International Low Volatility Equity ETF
July 15, 2024--ILOW is AB's fifteenth actively managed ETF
AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. ("AB"), a leading global investment management firm, announced today the launch of AB International Low Volatility Equity ETF (ILOW) as an actively managed exchange-traded fund (ETF) on the New York Stock Exchange. Global trading firm Jane Street is the Lead Market Maker for the fund.
"With the launch of our 15th ETF, we look forward to continuing our commitment to creating model-friendly products that, we believe, fit client needs in periods of growth and volatility," said AB's Global Head of ETFs and Portfolio Solutions Noel Archard. "ILOW will allow investors to tap into additional investment opportunities with exposures beyond the U.S."
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Source: AllianceBernstein
BlackRock's private market ETF ambitions draw scepticism
July 5, 2024--Preqin acquisition gives access to data but does not solve problems such as illiquidity of assets, say industry observers
Industry figures have expressed scepticism over plans by BlackRock to extend the scope of the fast-growing exchange traded fund industry into the world of illiquid private assets.
BlackRock, the world's largest asset manager with $10.5tn of assets under management, unveiled the £2.55bn acquisition of Preqin, a UK-based private markets data group, earlier this month.
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Source: ft.com
RBC iShares Launches First of its Kind ETFs for Canadians Investing in U.S. Equity Markets
July 11, 2024-Today, RBC iShares expands its exchange traded fund ("ETF") lineup with the launch of the industry's only S&P 500 3% Capped Index ETFs, furthering choice and access for Canadians seeking to diversify their investments in U.S. equity markets.
iShares S&P 500 3% Capped Index ETF and iShares S&P 500 3% Capped Index ETF (CAD-Hedged) seek to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P 500 3% Capped Index and the S&P 500 3% Capped CAD Hedged Index respectively, net of expenses.
The new ETFs offer diversification across different companies and sectors by capping securities in the index at 3% weight, potentially reducing concentration risk.
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Source: BlackRock Asset Management Canada Limited
SS&C ALPS Advisors Launches Diversified Natural Resources ETF
July 11, 2024--SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with CoreCommodity Management to launch the ALPS | CoreCommodity Natural Resources ETF (Nasdaq: CCNR) (the "Fund").
"This commodity-oriented equity ETF offers a strategic gateway to global economic shifts and natural resource dynamics, providing investors with a potential hedge against inflation and participation in equity returns," said Laton Spahr*, Portfolio Manager and President of SS&C ALPS Advisors. "CCNR offers access to natural resources equities and is actively managed in an ETF wrapper to capture commodity growth opportunities."
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Source: SS&C /ALPS Advisors
SS&C ALPS Advisors Launches Diversified Natural Resources ETF
July 11, 2024--SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with CoreCommodity Management to launch the ALPS | CoreCommodity Natural Resources ETF (Nasdaq: CCNR) (the "Fund").
"This commodity-oriented equity ETF offers a strategic gateway to global economic shifts and natural resource dynamics, providing investors with a potential hedge against inflation and participation in equity returns," said Laton Spahr*, Portfolio Manager and President of SS&C ALPS Advisors.
"CCNR offers access to natural resources equities and is actively managed in an ETF wrapper to capture commodity growth opportunities."
The Fund employs a "pure play" approach to gaining exposure to natural resources by investing in a portfolio of equity securities of upstream commodity producing companies.
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Source: SS&C / ALPS Advisors
YieldMax Launches Short COIN Option Income Strategy ETF (FIAT)
July 10, 2024--YieldMax announced the launch today of the following ETF:
YieldMax Short COIN Option Income Strategy ETF (NYSE Arca: FIAT)
FIAT Overview
FIAT is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on Coinbase Global, Inc. ("COIN"), while providing indirect short (inverse) exposure to the share price of COIN
FIAT's potential for gains from decreases in the share price of COIN is limited, while its potential for losses resulting from increases in the share price of COIN is up to 100%. FIAT does not invest directly in COIN and does not directly short COIN. Investors seeking direct exposure to the price of COIN should consider an investment other than this Fund.
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Source: YieldMax