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Zacks Investment Management Expands ETF Suite with the Launch of GROZ
December 5, 2024--The Zacks Focus Growth ETF (Cboe: GROZ) employs a data-driven approach to capturing large-cap growth potential
Zacks Investment Management, a wholly-owned subsidiary of Zacks Investment Research with $20 billion in assets under management, announces the launch of its third actively-managed exchange-traded fund (ETF), the Zacks Focus Growth ETF (Cboe: GROZ).
GROZ aims to invest in large-cap companies that exhibit sound fundamentals and growth potential relative to the overall U.S. equity market.
The ETF employs a multi-factor quantitative and qualitative analysis to build a portfolio of 40-120 positions, focusing on companies within the Russell 1000 Growth Index that demonstrate strong earnings growth potential
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Source: Zacks Investment Management
Invesco QQQ Innovation Suite adds Invesco Top QQQ ETF (QBIG) and Invesco QQQ Low Volatility ETF (QQLV)
December 4, 2024-New offerings position Invesco as the provider with the most expansive set of ETF assets that access unique exposures of the groundbreaking companies within Nasdaq Indexes
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today the expansion of the Invesco QQQ Innovation Suite to include Invesco Top QQQ ETF (QBIG) and Invesco QQQ Low Volatility ETF (QQLV).
The newest additions to the firm's popular family of QQQ strategies further positions the Invesco QQQ Innovation Suite as the most expansive set of ETFs, by assets under management (AUM)1, to offer unique and varied exposures to the innovative companies in the Nasdaq-100 Index.
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Source: Invesco Ltd.
Virtus Introduces Virtus Seix AAA Private Credit CLO ETF
December 3, 2024--PCLO leverages Seix's long-term CLO experience across credit cycles
Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus Seix AAA Private Credit CLO ETF, (NYSE Arca: PCLO), the second ETF managed by Seix Investment Advisors.
Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus Seix AAA Private Credit CLO ETF, (NYSE Arca: PCLO), the second ETF managed by Seix Investment Advisors.
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Source: Virtus Investment Partners
Invesco QQQ Innovation Suite adds Invesco Top QQQ ETF (QBIG) and Invesco QQQ Low Volatility ETF (QQLV)
December 3, 2024- Invesco Advisers, Inc., a subsidiary of Invesco Ltd., announced today that it completed the termination and liquidation of Invesco High Income 2024 Target Term Fund (NYSE: IHTA) (the "Fund"). In accordance with its investment objectives and organizational documents, and previously announced liquidation plans, the Fund terminated its existence and liquidated on December 2, 2024 (the "Termination Date").
The Fund launched on December 4, 2017 with the investment objectives to provide a high level of current income and to return $9.835 per share (the original net asset value ("NAV") per common share before deducting offering costs of $0.02 per share) ("Original NAV") to common shareholders on or about December 1, 2024.
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Source: Invesco Ltd.
SEC Chair Gensler to Depart Agency on January 20
November 21, 2024--Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors.
The Securities and Exchange Commission today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025.
Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop market events. He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-mpact enforcement cases to hold wrongdoers accountable and return billions to harmed investors.
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Source: sec.gov
FIRE Funds Launch First Suite of ETFs Tailored to the Financial Independence, Retire Early (FIRE) Community
November 19, 2024--FIRE Funds have officially launched two new ETFs: the FIRE Funds Wealth Builder ETF (FIRS) and the FIRE Funds Income Target ETF (FIRI). These actively managed fund-of-funds are designed to help address the unique needs of the Financial Independence, Retire Early (FIRE) community, offering investment solutions aimed at supporting the journey toward financial independence.
Designed specifically to incorporate the core principles of the FIRE movement into an ETF structure, FIRS and FIRI provide investors with a thoughtful approach to navigating the path to financial freedom. The FIRE philosophy is rooted in disciplined saving, strategic investing, and intentional living. Many followers of FIRE focus on achieving independence through careful wealth-building and choosing work that aligns with personal goals, rather than the obligation of earning. They emphasize living intentionally, prioritizing long-term goals over short-term indulgences, and making mindful decisions that support their financial independence journey.
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Source: FIRE ETFs
Defiance ETFs Hits $3 Billion in AUM
November 19, 2024--Defiance ETFs, a leader in leveraged, income, and thematic ETFs, has hit a major milestone, surpassing $3 billion in assets under management (AUM). This achievement reflects the strong demand for Defiance's innovative first-mover ETFs.
"Hitting $3 billion in AUM highlights the trust investors have in our ETFs," said Sylvia Jablonski, CEO of Defiance ETFs.
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Source: Defiance ETFs
Bitcoin ETF Options Debut With Strong Trading Volumes on Nasdaq
November 19, 2024--73,000 iShares Bitcoin Trust ETF contracts were reportedly traded within the first hour of its listing.
The introduction of Bitcoin ETF options is expected to encourage the creation of new funds with diverse strategies.
Options based on BlackRock's iShares Bitcoin Trust ETF (IBIT) started trading today (Tuesday), opening a new phase in cryptocurrency investment. In just 60 minutes, the fund posted 73,000 contracts traded on the Nasdaq, ranking the top 20 most active nonindex options, CNBC reported.
Options offer investors an alternative way to hedge their Bitcoin exposure or speculate on its price. The IBIT options, launched on the Nasdaq, have quickly gained traction with their high trading volumes.
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Source: financemagnates.com
China ETF Outflows Increase as Traders Flee on Trump Tariff Risk
November 18, 2024-- FXI sees largest weekly outflow on record of $984 million
Investors await clarity on Trump's tariffs, China stimulus
Exchange-traded funds that buy Chinese stocks continue to see outflows amid rising concerns over the nation's growth outlook and the risk of new tariffs under a Donald Trump administration.
The $8.2 billion iShares China Large-Cap ETF, known by its ticker FXI, saw $984 million in outflows last week, the most on record, extending a five-week streak of withdrawals. The KraneShares CSI China Internet ETF, ticker KWEB, recorded $710 million in outflows over the same period.
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Source: bloomberg.com
Brown Advisory Launches First Active ETF with $913M in seed capital
November 18, 2024--Brown Advisory, a global investment management and strategic advisory firm overseeing approximately $170B in client assets*, today launched its first exchange-traded fund, the Brown Advisory Flexible Equity ETF (ticker: BAFE) (the "fund").
The fund is managed by Maneesh Bajaj, CFA, and mirrors the investment philosophy of Brown Advisory's Flexible Equity strategy.
The strategy has a 40 plus-year track record and has endured multiple market cycles and economic conditions, outperforming the S&P500 Index over a one, five, and ten year period**. Maneesh has served as a flexible equity portfolio manager for over 8 years, and the flexibility of the strategy provides him with the opportunity to consider various investment opportunities, from growth to value stocks across various market capitalization..
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Source: Brown Advisory