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Innovator Debuts the Market's First Hedged Equity ETF on the Nasdaq-100 Index
August 20, 2024--Firm pioneering Defined Outcome ETFs adds to its industry-leading lineup
Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs, today announced the launch of its Innovator Hedged Nasdaq-100 ETF (QHDG). It will be the first ETF designed to provide a hedged-equity approach to investing in the growth-focused Nasdaq-100 Index.
QHDG is built to serve investors who can't afford to take on the market's full downside risk, but who nonetheless need higher upside potential than bonds can offer. Investors with exposure to the Nasdaq-100 have benefited from its high-flying year-to-date returns, driven in large part by a continuing bull market and optimism around the growth potential of Artificial Intelligence.
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Source: Innovator Capital Management
Merrill to Triple Active ETFs on Its Platforms
August 19, 2024--The firm's active exchange-traded fund additions aren't meant to replace mutual funds on the platform, said Stephen Patrickakos, head of traditional investments.
Russian crude made up a record 44% of Merrill Lynch plans to triple the number of active exchange-traded funds it features on its platforms, including ETF versions of mutual funds that already exist, Stephen Patrickakos, head of traditional investments for Merrill, told Ignites in an interview. Merrill intends to select ETFs for its platforms by evaluating their size and performance, Patrickakos said.
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Source: financialadvisoriq.com
PIMCO Canada Launches ETF Series of PIMCO Canadian Core Bond Fund
August 19, 2024--PIMCO Canada Corp. ("PIMCO Canada") has launched the exchange-traded fund (ETF) series units (the "ETF Series Units") of the PIMCO Canadian Core Bond Fund (the "Fund"), a strategy that seeks total return, consistent with preservation of capital and prudent investment management, by investing primarily in a diversified portfolio of Canadian dollar fixed income of varying maturities.
The ETF Series Units are expected to commence trading on the Toronto Stock Exchange (TSX) under the ticker symbol CORE when the market opens this morning.
An initial tranche of 50,000 ETF Series Units of the Fund has been issued at $20 per Unit, and the Fund has closed its initial offering of the ETF Series Units. The Fund also offers traditional Mutual Fund Series.
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Source: PIMCO Account Management
Ninepoint Partners Files for New Active Energy and Energy Income ETFs
August 16, 2024--Tidal Investments LLC ("Tidal” or the "Adviser”), a leading name in the US ETF industry, and Ninepoint Partners LP ("Ninepoint” or the "Sub-advisor”), one of Canada's leading alternative investment management firms, last week filed an initial registration statement with the Securities and Exchange Commission for two new actively managed energy exchange traded funds (ETFs): Ninepoint Energy ETF and Ninepoint Energy Income ETF.
As disclosed in the initial registration statement, the objective of the Ninepoint Energy ETF will be to seek long-term growth of capital. It will invest primarily in the equity securities of companies worldwide that are involved directly or indirectly in the exploration, development, production and/or distribution of oil, gas, coal, or uranium and other related activities in the energy and resource sector ("Energy Companies”).
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Source: Ninepoint Partners LP
'Dr Doom' files to launch ETF based on his calamitous outlook
August 16, 2024--Nouriel Roubini, aka Dr Doom, has been dishing up his downbeat takes on the global economy and markets for decades.
Now investors will finally get the chance to see how his gloomy insights translate into financial returns as Roubini, who earned his Dr Doom moniker for foreseeing the 2008 global financial crisis, turns to managing money for the first time at the age of 66.
Barring any late regulatory hitches, the Atlas America exchange traded fund will list in the US in the autumn with Roubini, chief economist and co-founder of US-based Atlas Capital Team, one of three named portfolio managers.
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Source: msn.com
Vanguard to Launch 2 Active Muni ETFs
August 15, 2024--vanguard Group on Friday announced plans to launch two active municipal exchange-traded funds, Vanguard Core Tax-Exempt Bond ETF (VCRM) and Vanguard Short Duration Tax-Exempt Bond ETF (VSDM), by year-end.
Vanguard Fixed Income Group will manage the new funds.
The two funds "underscore the firm's ongoing efforts to improve long-term investor outcomes by offering broadly diversified, low-cost municipal bond exposures with the potential to outperform the market over time," said Dan Reyes, who heads Vanguard's portfolio review department.
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Source: thinkadvisor.com
Tidal Financial Group Reaches 50 ETF Launches in 2024, Setting a New Industry Standard
August 15, 2024--Tidal Financial Group, the premier provider of full stack ETF services, is proud to announce that it has supported the launch of 50 ETFs in 2024, more than any other U.S. white-label provider year-to-date. This significant milestone reflects Tidal’s dedication to delivering best-in-class service and innovative solutions to the ETF industry.
This achievement was capped off by the recent launch of three Rockefeller Asset Management ETFs, which marked the 50th ETF brought to market this year by Tidal. The Rockefeller Opportunistic Municipal Bond ETF ($RMOP), Rockefeller California Municipal Bond ETF ($RMCA), and Rockefeller New York Municipal Bond ETF ($RMNY) exemplify the strategic partnerships Tidal fosters to bring diverse and innovative products to investors.
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Source: Tidal Financial Group
Defiance Launches MSTX, The First Leveraged Single-Stock ETF on MicroStrategy in the US
August 15, 2024--Defiance ETFs is proud to unveil MSTX, the first single-stock long leveraged ETF for MicroStrategy. MSTX seeks to provide 175% long daily targeted exposure to MicroStrategy. Defiance's single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account.
MicroStrategy, known for its visionary approach to data analytics and business intelligence, has emerged as a prominent player in the Bitcoin market. With a strategic focus on becoming one of the largest holders of Bitcoin, MicroStrategy has captured the attention of investors seeking leveraged exposure to Bitcoin. As of the end of Q1 2024, MicroStrategy held approximately 214,400 bitcoins with a market value of around $15.22 billion.
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Source: Defiance ETFs
YieldMax Launches "Industry First" Short N100 Option Income Strategy ETF (YQQQ)
August 15, 2024--YieldMax announced the launch today of the following ETF:
YieldMax Short N100 Option Income Strategy ETF (Nasdaq: YQQQ)
YQQQ Overview
YQQQ is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on the Nasdaq-100 index ("Index"), while providing indirect short (inverse) exposure to the performace of the Index.
YQQQ's potential for gains from decreases in the Index level is limited, while its potential for losses resulting from increases in the Index level is up to 100%. An Investment in the Fund is not an investment in the Index. Further, an Investment in the Fund differs from "short selling" or "shorting" the Index. Investors seeking more direct exposure to the Index level should consider an investment other than this Fund.
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Source: YieldMax
Amplify ETFs to Liquidate Three ETFs
August 14, 2024--Amplify ETFs, a leading provider of exchange traded funds, today announced the scheduled liquidation of three ETFs (the "Funds"). The Funds scheduled for liquidation include:
Amplify Emerging Markets FinTech ETF (Ticker: EMFQ)
Amplify Treatments, Testing and Advancements ETF (Ticker: GERM)
Amplify Inflation Fighter ETF (Ticker: IWIN)
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Source: Amplify ETFs