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Frontier Asset Management Selects SEI to Launch Active ETFs
December 20, 2024-Advisors' Inner Circle Fund Trust Powers Growth for Asset Managers
SEI today announced that Frontier Asset Management (Frontier) selected the Advisors' Inner Circle Fund series trust as its operational platform to launch six new active ETFs, including:
Frontier Asset Absolute Return ETF
Frontier Asset Core Bond ETF
Frontier Asset Opportunistic Credit ETF
Frontier Asset Global Small Cap Equity ETF
Frontier Asset Total International Equity ETF
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Source: SEI Investments Company
Neuberger Berman Expands Actively Managed Lineup With Launch of Total Return Bond and Growth ETFs
December 20, 2024-Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the launch of two new actively managed ETFs: Neuberger Berman Total Return Bond ETF and Neuberger Berman Growth ETF.
The new Neuberger Berman Total Return Bond ETF is a Core-plus fixed income portfolio seeking to outperform its benchmark over market cycles, driven by multiple potential alpha sources:
Dynamic & Diverse Sector Allocations
Utilize a broad opportunity set of fixed income sectors-not limited to benchmark sectors.
Efficient Use of 'Plus' Sectors
Avoid static overweights to below-investment grade and emerging markets-dynamically adjust allocations based on portfolio managers' relative value views.
High Conviction Security Selection
Aims to be additive across credit market environments—best ideas approach built upon sector specialty research teams.
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Source: Neuberger Berman
Global X ETFs Launches the Global X U.S. Electrification ETF (ZAP)
December 18, 2024-Fund will focus on companies engaged in U.S. power grid infrastructure modernization, expansion of data centers, and conventional and alternative electricity generation
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X U.S. Electrification ETF (ZAP).
The fund, which seeks to provide investment exposure to companies that potentially stand to benefit from increased electricity demand and electrification within the U.S., underscores Global X's commitment to providing investors access to innovative, disruptive themes.
U.S. electricity demand is projected to increase 47% between 2024 and 2040, driven in part by the expansion of artificial intelligence (AI) data centers, a resurgence in manufacturing, and the adoption of electric vehicles[i]. ZAP seeks to provide exposure to the entire electricity value chain, including companies that are involved in conventional and alternative electricity generation, as well as the modernization, development, and implementation of grid infrastructure and smart grid technologies.
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Source: Global X Management Company LLC
John Hancock Investment Management Grows Active Fixed Income ETF Suite with Core and Core Plus Bond ETFs
December 18, 2024-John Hancock Investment Management, a company of Manulife Wealth and Asset Management, announced today that it has launched John Hancock Core Bond ETF and John Hancock Core Plus Bond ETF. The new ETFs are actively managed and subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager.
"We're excited to expand our active ETFs and leverage the expertise of the Manulife IM (US) team. They will apply a similar investment process and philosophy to these ETFs as they do with their other strategies," said Kristie Feinberg, President and CEO of John Hancock Investment Management.
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Source: John Hancock Investment Management
Mutual Fund Conversions Hit Record in ETF Industry's Epic Year
December 17, 2024- Some 55 mutual funds made the switch this year: Morningstar
ETFs hit $11 trillion in assets, $1 trillion inflows in 2024
New exchange-traded funds riding buzzy investment themes are helping fuel record industry growth this year. Yet, it's also shaping up to be a banner era for money managers revamping their tried-and-tested mutual funds into the tax-efficient product.
This year has seen a record number of mutual fund-to-ETF switches, according to data compiled by Morningstar Direct. As demand for the easy-to-trade ETF structure gains traction on Wall Street, 55 made the conversion- more than triple from 2021. Majority of the products that converted were fixed-income in nature, particularly from Stone Ridge's LifeX suite. Other issuers include Morgan Stanley, TCW Group Inc. and BlackRock Inc.
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Source: bloomberg.com
Leverage Shares by Themes ETFs Enters US Market with Launch of Lowest Cost Leveraged Single-Stock ETFs tracking NVIDIA (Ticker: NVDG) and Tesla (Ticker: TSLG)
December 13, 2024-Themes ETFs is a forward-thinking ETF provider specializing in thematic and sector-specific ETFs and a sister company of Leverage Shares, a leader in single stock ETPs in Europe with approximately $1.4 billion in assets under management.
Themes is bringing Leverage Shares strategies to the US market with 2x leveraged ETFs for Nvidia (NVDG) and Tesla (TSLG), traded on the Nasdaq.
Priced at 0.75%, NVDG and TSLG have the lowest expense ratios for leveraged single-stock ETFs listed in the US.
Leverage Shares, by Themes ETFs is excited to announce the launch of two new leveraged single-stock ETFs on the Nasdaq: Leverage Shares 2X Long Nvidia Daily ETF (NVDG) and Leverage Shares 2X Long Tesla Daily ETF (TSLG). These ETFs offer 2x leveraged exposure to Nvidia and Tesla, respectively, the lowest cost ETFs of their kind listed in the US.
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Source: Themes ETFs
SEI Files Exemptive Application for ETF Multi-Share Class
December 12, 2024-Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors
SEI (NASDAQ:SEIC) today announced the filing of an exemptive application with the Securities and Exchange Commission (SEC), seeking approval to establish an ETF multi-share class structure of mutual funds administered and distributed by SEI.
As industry demand for this fund structure has increased, SEI has evaluated the ETF multi-share class model and how it can help effectively meet the needs of its proprietary mutual funds and clients utilizing its Advisors' Inner Circle Fund(AIC) platform. While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and distribution subsidiaries.
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Source: SEI Investments Company
Invesco Launches the Invesco MSCI North America Climate ETF (KLMN)
December 12, 2024-KLMN breaks global record by launching with US$2.4 billion invested by Finnish pension insurer Varma
Invesco Ltd. , a leading global asset management firm, announced the launch of the Invesco MSCI North America Climate ETF (KLMN). KLMN began trading on the New York Stock Exchange with US$2.4 billion in assets from Finnish pension insurer, Varma, which breaks a worldwide record by surpassing the funding of any previous new ETF launch globally.
"We are excited to collaborate once again with MSCI and Varma on a newly developed index and ETF that will allow Varma to easily execute a large allocation that aligns precisely with their investment views," says Brian Hartigan, Global Head of ETFs & Index Investments. "Invesco is in a rare position to service global, institutional clients who want to leverage the liquidity and efficiency of ETFs to target important allocations in their investment portfolios.".
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Source: Invesco Ltd.
New Fund Name for Simplify Stable Income ETF (BUCK)
December 5, 2024--Simplify Asset Management Inc. announces that Simplify Stable Income ETF (NYSE Arca: BUCK) has been renamed as Simplify Treasury Option Income ETF effective October 29, 2024.
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Source: Simplify Asset Management
MFS Enters Active ETF Market
December 5, 2024--MFS Launches Five Actively Managed ETFs, Bringing Capabilities Honed Over a Century of Investing to the Burgeoning Active ETF Market.
MFS today launched the firm's first actively managed exchange-traded funds, marking its entry into the fast-growing active ETF market, which now accounts for nearly $700 billion in assets in the United States.1
The following five actively managed ETFs began trading on the New York Stock Exchange today:
MFS® Active Value ETF (NYSE: MFSV)
MFS® Active Growth ETF (NYSE: MFSG)
MFS® Active International ETF (NYSE: MFSI)
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Source: MFS Investment Management