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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
Cambria Partners with ETF Architect to Launch Innovative Tax-Aware ETF
October 3, 2024---Cambria Investment Management, a leading quantitative asset management firm, today announced a groundbreaking partnership with ETF Architect to launch the Cambria Tax Aware ETF (TAX).
TAX allows individual investors to seed the launch of the ETF with their separate account investments and exchange their existing investment holdings for the new, tax-efficient ETF.
By leveraging ETF technology, Cambria and ETF Architect have created a streamlined and accessible solution that may address the challenges associated with traditional tax-loss harvesting strategies.
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Source: Cambria Investment Management, LP
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
Texas Capital Launches Government Money Market Exchange Traded Fund
September 25, 2024--Texas Capital Bank Private Wealth Advisors, a subsidiary of Texas Capital Bank, and the Texas Capital Funds Trust today announced the launch of the Texas Capital Government Money Market ETF (NYSE: MMKT) (the "MMKT ETF" or "Fund"). This innovative and first-of-its-kind ETF will hold highly liquid, short-term U.S. government debt instruments and cash equivalents, providing an exchange-traded investment option for investors focused on managing credit risk and preserving capital.
The MMKT ETF is the latest fund launched by Texas Capital ETF & Funds Management, whose managed ETFs include the flagship Texas Capital Texas Equity Index ETF (NYSE Arca: TXS) that helps investors gain investment exposure to the diversity and growth of the eighth largest economy in the world, Texas1. Complementing Texas Capital's other funds, the MMKT ETF is designed to provide investors with a government money market fund in the form of an ETF, combining the intraday liquidity and flexibility of an ETF with the risk and return characteristics of a money market fund.
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Source: Texas Capital Bancshares, Inc
The barbell tolls for fixed income investing
September 24, 2024--A trend long associated with equity investing is now playing out in the bond markets
A trio of recent records tells us something important about capital markets: that the "barbell effect" long associated with equity investing is now playing out in the bond markets in earnest.
This shift underscores just how much the market structure of finance is changing.
Investors have poured nearly $190bn into US fixed income exchange traded funds this year to August according to Morningstar, 50 per cent higher than this time last year.
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Source: ft.com
21Shares Announces Fee Reduction for Flagship ETPs, HODLX and BOLD
September 24, 2024-- 21Shares AG ("21Shares"), one of the world's largest issuers of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, is pleased to announce a significant fee reduction for two of its flagship products: the 21Shares Crypto Basket 10 ETP (HODLX) and the 21Shares Bytetree BOLD ETP (BOLD).
Effective immediately, the management fees for these ETPs have been lowered to 0.49% for HODLX and 0.65% for BOLD, making these innovative investment vehicles more accessible to a broader range of investors.
The 21Shares Crypto Basket 10 ETP (HODLX) provides diversified exposure to the top ten digital assets by market capitalization, rebalanced quarterly to reflect the dynamic nature of the cryptocurrency market. With this fee reduction to 0.49%, investors can now benefit from a more cost-effective way to capture the growth potential of the digital asset space in a single, diversified ETP.view more
Source: 21Shares
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
September 18, 2024--Key points
The Federal Reserve slashed its benchmark interest rate by half a percentage point, the first and the biggest cut since March 2020 when COVID-19 was hammering the economy.
The cut amounts to a declaration of victory over inflation, which has come down from a peak of 9.1% in June 2022 to 2.5% last month.
The Fed signaled that it will cut the rate by another half a percentage point this year and expects four more cuts in 2025 and two in 2026.
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.
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Source: apnews.com
American Century Investments Announces Change to ETF Lineup
September 11, 2024--- American Century Investments today announces plans to close and liquidate American Century Emerging Markets Bond ETF (AEMB).
AEMB will cease trading on the NYSE Arca, Inc. at the close of the market on Sept. 26, 2024.
After this date, the fund will not accept purchase orders. On or about Oct. 3, 2024, the fund will liquidate and distribute its remaining assets to shareholders who have not yet redeemed or sold their shares. Prior to liquidation, the fund should be expected to deviate from its stated investment objective and strategies as it converts its remaining portfolio holdings to cash in preparation for the final distribution to shareholders.
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Source: American Century Investments