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Virtus Introduces Virtus KAR Mid-Cap ETF
October 16, 2024--Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus KAR Mid-Cap ETF, (NYSE: KMID), the first ETF strategy managed by Kayne Anderson Rudnick (KAR).
The Virtus KAR Mid-Cap ETF is an actively managed, concentrated portfolio consisting of 25-35 high-quality mid-cap stocks, selected using KAR's disciplined and rigorous business-analyst approach to fundamental research, and looking to own these businesses for the long run. KMID aims to generate attractive risk-adjusted long-term returns by offering investments in businesses with sustainable competitive advantages that can maintain above-average growth and are better positioned to exceed consensus growth expectations.
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Source: Virtus Investment Partners
Hurricane-themed ETF to be liquidated
October 14, 2024--ProcureAM's $3mn FIXT fund, which invests in natural disaster recovery, has been unable to attract investors
An ETF that invests in companies involved in natural disaster recovery and prevention will be shuttered, its sponsor disclosed last week, just days after Hurricane Helene made landfall in Florida.
ProcureAM, which manages the roughly $3mn Procure Disaster Recovery Strategy ETF (FIXT), filed to dissolve the fund last week following approval from its board of trustees. The fund's last day of trading on the Nasdaq exchange will be October 17, according to a regulatory filing.
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Source: ft.com
Former Tesla Executive McNeill Starts Money Manager to Run ETFs
October 14, 2024-- McNeill's DVx registers VistaShares as an investment adviser
VistaShares will run ETFs focusing on AI, electronification
Former Tesla Inc. and Lyft Inc. executive Jon McNeill is launching a firm that will run exchange-traded funds that focus on artificial intelligence and electrification.
McNeill, the cofounder of DVx Ventures, is teaming up with ETF industry pioneer Adam Patti to set up the new firm, VistaShares, according to a regulatory filing. DVx is known as a so-called hatch studio, creating its own companies from scratch instead of investing in those developed externally.
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Source: bloomberg
Rockefeller Asset Management Expands Active ETF Lineup with Small-Mid Cap ETF, RSMC
October 14, 2024-- Rockefeller Asset Management (Rockefeller), the asset management arm of Rockefeller Capital Management, today announced the launch of the actively managed Rockefeller Small-Mid Cap Exchange Traded Fund (ETF), RSMC. This marks the firm's fourth actively managed ETF launched this year, following the firm's expansion into opportunistic municipals with three high-yield municipal bond ETFs in August.
RSMC is Rockefeller's first actively managed SMID Cap ETF and, at the time of launch, is among the largest actively managed SMID cap ETFs with approximately $740 million in assets. The strategy seeks to invest primarily in US small and mid-cap companies with durable business models and enduring growth, with the goal of delivering attractive risk-adjusted returns.
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Source: Rockefeller Capital Management
VanEck Launches $30M Fund to Support Innovation in Fintech, Crypto and AI
October 9, 2024-VanEck Ventures, a $30 million early-stage fund, focuses on investing in fintech, digital assets, and AI startups in the pre-seed and seed stages. VanEck's strategic expansion into venture capital reflects its long-standing investment philosophy of identifying transformative opportunities early
VanEck, a leading global investment management firm, announces the launch of VanEck Ventures, a $30 million early-stage fund dedicated to investing in visionary founders operating at the intersection of fintech, digital assets, and artificial intelligence. This launch marks VanEck's strategic expansion into venture capital, building on its long-established record of identifying and supporting transformative markets.
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Source: VanEck
Astoria rolls out US quality growth ETF
October 8, 2024--Astoria Advisors has launched its second ETF, an actively managed fund offering exposure to high-quality growth stocks across US large and mid-cap equities.
The Astoria US Quality Growth Kings ETF (GQQQ US) has been listed on Nasdaq with an expense ratio of 0.35%.
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Source: etfstrategy.com
YieldMax Launches Option Income Strategy ETF on Palantir Technologies
October 8, 2024-YieldMax announced the launch today of the following ETF:
YieldMax PLTR Option Income Strategy ETF (NYSE Arca: PLTY)
PLTY seeks to generate current income by pursuing options-based strategies on Palantir Technologies Inc. ("PLTR"). PLTY is actively managed by ZEGA Financial. PLTY does not invest directly in PLTR.
PLTY is the newest member of the YieldMax ETF family and like all YieldMax ETFs, aims to deliver current income to investors. With respect to distributions, PLTY will be a Group B ETF and its first distribution is expected to be announced on November 6, 2024.
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Source: YieldMax
Innovator Builds Upon the Largest Suite of Buffer ETFs with Three 100% Downside Protection Launches*
October 1, 2024--The asset management firm that pioneered Defined Outcome ETFs continues the growth of its industry-leading lineup of 100% Buffer ETFs
Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs, today announced the launch of three 100% Buffer ETFs across three outcome periods: 6 months (APOC), 1 year (ZOCT), and 2 years (AOCT).
These launches come to market as investors face elevated uncertainty around monetary policy and a contentious Presidential election.
The suite of 100% Buffer ETFsTM is designed for investors of all stripes, including those who may be sitting in unprotected equity strategies, or who may have fled to cash and sacrificed their potential for equity market returns.
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Source: Innovator Capital Management
Guardian Capital LP Launches New Series of Funds Leveraging A.I. and Alternative Fixed Income Expertise
October 1, 2024--New ETF and mutual fund series provide greater access to key actively managed strategies
Guardian Capital LP ("Guardian Capital") is pleased to announce the launch of exchange traded fund ("ETF") series of each of Guardian i3 International Quality Growth Fund and Guardian Strategic Income Fund, and the launch of Series A, F and I mutual fund series of Guardian i3 US Quality Growth Fund (together with Guardian i3 International Quality Growth Fund and Guardian Strategic Income Fund, the "Guardian Funds").
Each of Guardian i3 International Quality Growth Fund and Guardian Strategic Income Fund has closed its initial offering of ETF Units, and the units are expected to commence trading on Cboe Canada Inc. ("Cboe") when the market opens this morning. The mutual fund series of Guardian i3 US Quality Growth Fund are also available for purchase effective immediately.
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Source: Guardian Capital LP
Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite
September 26, 2024--Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.
Effective September 26th, the following changes have been implemented:
Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
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Source: Defiance ETFs