Americas ETP News for the Past Year
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Harbor Capital Advisors Expands Growing ETF Lineup with the Harbor AlphaEdge Small Cap Earners ETF
July 10, 2024--Harbor Capital Advisors, Inc. ("Harbor"), an asset manager that curates a suite of actively-managed ETFs, mutual funds, and collective investment trusts, has added the Harbor AlphaEdge Small Cap Earners ETF (Ticker: EBIT) to its growing lineup of ETF offerings, managed by Harbor Capital Advisors, Inc.
Why EBIT?
Harbor developed EBIT for advisors looking for small cap products that seek a distinctive approach in the pursuit of alpha potential. With EBIT, unprofitable companies are eliminated from the investment universe at the outset, with the goal of allowing for a narrowed focus on the most profitable1 small cap companies.
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Source: Harbor Capital
REX Shares and Tuttle Capital Management Launch 2X Leveraged and Inverse Spot Bitcoin ETPs
July 10, 2024--With a resurgence in Bitcoin this year, T-REX ETFs to help investors capitalize on volatility in the cryptocurrency market
REX Shares ("REX") in collaboration with Tuttle Capital Management ("TCM"), today adds two new products to their T-REX ETF suite: the T-REX 2X Long Bitcoin Daily Target ETF (CBOE: BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (CBOE: BTCZ).
Providing 200% and -200% exposure to Bitcoin's daily performance using the "Reference Assets", these T-REX ETFs offer sophisticated investors 2X leveraged and inverse exposure to the spot price of Bitcoin.
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Source: REX Shares
Global X ETFs Surpasses $50 Billion in Assets Under Management in the U.S.
July 10, 2024--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs) today announced that the firm exceeded $50 billion in assets under management (AUM) in the U.S.[i]
This important milestone reflects the firm's rapid ascent as a leading global ETF provider, having grown from $10 billion in assets under management when the firm was acquired by Mirae Asset Global Investments in July 2018. [ii]
As of July 8, the AUM has increased by over $6 billion since the beginning of the year, among its strongest performances in Global X's 15 year history. [iii]
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Source: Global X Management Company LLC
T. Rowe Price Launches Its First Active Tax-Free Bond Exchange-Traded Fund
July 10, 2024--Intermediate Municipal Income ETF began trading on NASDAQ today
T. Rowe Price, a global investment management firm, announced today the addition of its first federally tax-free fixed income exchange-traded fund (ETF) to its active ETF roster. T. Rowe Price Intermediate Municipal Income ETF began trading today on the NASDAQ exchange.
The Intermediate Municipal Income strategy focuses on investment-grade intermediate-term municipal bonds with a weighted average effective maturity of four to 12 years. T. Rowe Price Intermediate Municipal Income ETF is co-managed by James Lynch and Charlie Hill, who collectively have 53 years of investment experience, and have served in portfolio management roles for other T. Rowe Price intermediate-term municipal bond strategies.
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Source: T. Rowe Price Associates, Inc.
As Hurricane Beryl makes 'explosive start' to hurricane season, these disaster-recovery stocks are in the spotlight
July 9, 2024--Hurricane Beryl, which made landfall on the Texas coast Monday, is the first hurricane of what is expected to be an above-normal Atlantic hurricane season
After making landfall as a Category 1 hurricane on the Texas coast Monday, Beryl has pummeled the Lone Star State, knocking out power for millions and leaving destruction in its wake.
Beryl, which weakened into a tropical depression Monday, was blamed for the deaths of several people in Texas and at least one person in Louisiana, the Associated Press reported, citing officials.
The first hurricane of the 2024 Atlantic hurricane season, Beryl strengthened to a Category 5 storm unusually early in the year, fueled in part by exceptionally high water temperatures, according to the National Oceanic and Atmospheric Administration.
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Source: marketwatch.com
BlackRock Launches Active ETFs, Including Buffer Fund
July 3, 2024--New York-based BlackRock, the world's largest asset manager, has launched a series of actively managed exchange-traded funds, including the first of four buffer ETFs, as well as a new active fund focusing on high-yield investments and another on U.S. equities.
The iShares Large Cap Max Buffer Jun ETF (MAXJ), which is the first in a series, launched this week.
It tracks the share price return of the iShares Core S&P 500 ETF, its underlying ETF, according to the firm.
This buffer, or defined outcome, ETF protects the initial investment against 100% of the loss by using a series of expiring and new options. The fund has a cap of about 10.6% that limits the amount of upside potential for the fund, according to Rachel Aguirre, head of U.S. iShares product at BlackRock.
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Source: fa-mag.com
Roundhill Magnificent Seven ETF Surpasses $500 Million in AUM
July 3, 2024--MAGS is the first and only U.S. listed ETF to target the "Magnificent Seven" stocks
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce that the Roundhill Magnificent Seven ETF (MAGS) has surpassed $500 million in assets under management (AUM)1, as investors continue to embrace the precise exposure that MAGS offers.
"MAGS is the only ETF dedicated to the Magnificent Seven stocks, attracting a diverse group of investors seeking targeted exposure to these market leaders," said Dave Mazza, Chief Executive Officer at Roundhill Investments. "More so than ever, investors are demanding ETFs that help them meet specific objectives."
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Source: Roundhill Investments
Stone Ridge aims at retirement market with 'longevity income' ETFs
July 2, 2024--Innovative funds are designed to deliver 'predictable' monthly cash flow to investors
Stone Ridge has filed to launch a suite of ETFs designed to deliver regular income for elderly investors, in the latest example of post-retirement product innovation.
The 32 Longevity Income ETFs set target dates from 2048 to 2063, according to the year when intended investors turn 100, and are structured to generate regular income starting 20 years before then, either via monthly term-income distributions or by converting shares into a closed-end fund.
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Source: ft.com
Innovator Targets Record-Level Cash Allocations with New ETFs Delivering Defined Growth Potential and 100% Downside Protection
July 1, 2024--New ETFs designed to provide equity upside to a cap, with 100% downside protection, before fees and expenses.
Upside potential exceeding that of money-market or short-term bond funds make the ETFs a compelling option to move idle cash off the sidelines, while still maintaining 100% protection.
Upside caps are at their highest level in nearly 20 years.
The launch expands the industry's biggest lineup of 100% Buffer ETFs and the only to offer 100% protection across 6-month, 1-year and 2-year outcome periods.
Innovator Capital Management, LLC (Innovator), creator and pioneer of Buffer ETF investing, today announced the listing of 6-Month, 1-Year and 2-Year 100% Buffer ETFs\ which seek to provide capped upside exposure to the SPDR S&P 500 ETF (SPY), with 100% downside protection.
"We pioneered the world's first 100% Buffer ETFs and are thrilled to expand this lineup," said Bruce Bond, Co-Founder and CEO of Innovator ETFs. "With record amounts invested in money-market and short-term bond funds, these ETFs offer investors a way to pursue higher upside return potential, without taking on additional downside risk."
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Source: wfxrtv.com
BlackRock Adds Max Buffer ETF to Active ETF Platform
July 1, 2024--Expands access to options strategies in the convenience of an ETF
Includes the most affordable buffer ETF that targets up to 100% downside protection in the market1
BlackRock bolstered its active ETF platform with a series of buffer ETFs that aims to provide investors with exposure to equity growth potential while seeking to maximize downside protection. The first of the series- the iShares Large Cap Max Buffer Jun ETF (Cboe: MAXJ) launched today, making it the most affordable max buffer ETF that targets up to 100% downside protection in the market.1
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Source: businesswire.com
