Americas ETP News
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First Trust Exchange-Traded Fund II files with the SEC-First Trust Nasdaq International Cloud Computing ETF
December 2, 2021--First Trust Exchange-Traded Fund II has filed a post-effective amendment, registration statement with the SEC for the First Trust Nasdaq International Cloud Computing ETF.
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Source: SEC.gov
Fidelity's spot bitcoin ETF is set to start trading in Canada, while its US fund is still waiting for the SEC's green light
December 2, 2021--Fidelity has launched a spot bitcoin ETF in Canada that will start trading on Thursday.
Fidelity is "the biggest asset manager to date with a bitcoin ETF", Eric Balchunas, senior ETF analyst at Bloomberg said.
Spot bitcoin ETFs trade in Europe and Canada, but only futures-based ETFs have been approved in the US.
Fidelity Investments is about to launch an exchange traded fund (ETF) backed by bitcoin, rather than bitcoin futures, but it's listing the fund in Canada, as US regulators have still not given these particular crypto products the go-ahead.
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Source: markets.businessinsider.com
VanEck Introduces YUMY: ETF Investing in the Future of Food
December 2, 2021--New fund offers actively managed exposure to the leading innovators and disruptors solving some of today's most difficult agricultural challenges.
VanEck today announced the launch of the VanEck Future of Food ETF (YUMY), an actively managed equity ETF that provides exposure to companies engaged in agri-food technology and innovation.
YUMY is the first VanEck ETF to incorporate bottom-up, fundamental company research and will be overseen by portfolio managers Shawn Reynolds and Ammar James.
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Source: VanEck
GCI Enters Active ETF Market With Equity Fund, GCIG
December 1, 2021--On Wednesday, GCI Investors, an independent asset manager, announced the launch of its first U.S.-listed ETF, the Genuine Investors ETF (NYSE: GCIG). This active fund provides exposure to a long-term strategy of high-conviction investments powered by in-house valuation and quality analysis.
GCI's move into the ETF space allows access to the firm's previously private strategy of "Genuine Investing." This investment approach entails constructing a portfolio of high-quality businesses in certain industries that are structurally more attractive than others. "Genuine Investing" is differentiated and unburdened by common industry constraints such as short-duration time horizons, index-tracking, and the institutional imperative to sell newer products constantly.
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Source: nasdaq.com
Crypto.com Acquires Two IG Group Exchanges in $216M Deal
December 1, 2021--Crypto.com has announced yet another big play. The exchange has acquired Nadex and the Small Exchange to give customers access to derivatives and futures products. The acquisitions are only the latest in a series of big steps from Crypto.com.
Crypto.com Announces Exchange Acquisitions
After signing a string of major sponsorship deals throughout the year, Crypto.com is now also focusing on acquisitions.
The fast-rising crypto exchange announced it had bought the IG Group's North American Derivatives Exchange and Small Exchange in a $216 million deal Wednesday.
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Source: cryptobriefing.com
ProShares Bitcoin Futures ETF Wins 'First Mover Advantage' as VanEck Launch Falls Flat
November 23, 2021--The ProShares ETF has $1,4 billion in assets, compared with $8.7 million for the VanEck fund.
November 22, 2021--VanEck investments' newly listed bitcoin futures exchange-traded fund (ETF) saw limited uptake when it launched last week. Some analysts say that's unsurprising because a rival bitcoin futures ETF launched by ProShares several weeks earlier appears to have enjoyed a first-mover advantage.
As of Friday, the ProShares Bitcoin Strategy ETF (stock ticker BITO) had net assets of $1.4 billion. In October, it was the first bitcoin futures ETF to go live in the U.S. after it won regulatory approval from the U.S. Securities and Exchange Commission.
Those assets dwarf the $57 million for Valkyrie's bitcoin futures ETF (ticker BTF), launched a few days later, and the $8.7 million reported for the VanEck ETF, which didn't come to market until last week.
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Source: coindesk.com
Direxion Launches Nanotechnology ETF (TYNE)
November 23, 2021--Offers Exposure to Continuously Expanding Nanotechnology Sector
Direxion announced today the launch of the The Direxion Nanotechnology ETF (Ticker: TYNE) TYNE invests in companies believed to be at the forefront of nanotechnology, spanning the traditional sectors of consumer discretionary, health care, industrials, information technology and materials.
"Investors continue to seek exposure to disruptive industries, but one important area they may not yet fully appreciate is nanotechnology," said David Mazza, Managing Director, Head of Product at Direxion. "Nanotech is used today in awide variety of businesses, ranging from agriculture, to biotech, to defense, to energy and semiconductors. With this innovation, materials can be made stronger, lighter, more durable and more reactive, helping to reduce costs and increase producivity."
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Source: direxion.com
Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs
November 22, 2021--The American exchange-traded fund (ETF) issuer Invesco has for the first time revealed the reason for its surprise decision to pull out of the race to bring a bitcoin (BTC) futures-backed ETF to the market-and just like its competitor Bitwise Asset Management, the firm has blamed the rules from the US Securities and Exchange Commission (SEC).
According to Invesco, the main problem is the SEC's requirement that an ETF only holds bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). Futures contracts must be rolled over each month as they expire, which adds complexity and costs to the management of the ETF.
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Source: cryptonews.com
First Trust Expands its Actively Managed Fixed Income Lineup with the First Trust Limited Duration Investment Grade Corporate ETF
November 18, 2021--First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the First Trust Limited Duration Investment Grade Corporate ETF (NYSE Arca: FSIG) ("the fund"). FSIG seeks to deliver current income by investing at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade corporate debt securities.*
In addition, the fund has a limited duration portfolio mandate and seeks to construct a portfolio that has a weighted average duration of +/- one year of the Bloomberg U.S. Corporate Bond 1-5 Year Index, which may provide less interest rate volatility relative to a longer duration corporate bond portfolio. A security's duration is a measure of its price sensitivity to interest rate movements. In other words, it tells the investor how much the security's price is likely to change for a given change in interest rates.
Finding opportunities to generate attractive income in a low interest rate environment can be challenging. Investment grade corporate bonds with short maturities may provide attractive income and diversification benefits to fixed income portfolios.
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Source: First Trust
American Century Investments And Nomura Launch Active ETF For High Yield Bonds
November 18, 2021--Global investment managers American Century Investments and Nomura Asset Management announced the launch of a new exchange traded fund (ETF): American Century Select High Yield (AHYB). The new transparent active ETF will be listed on the New York Stock Exchange (NYSE Arca, Inc.).
The new ETF will be subadvised by Nomura Corporate Research and Asset Management (NCRAM) and will have the same investment philosophy as the seven-year old American Century High-Income mutual fund, while focusing on BB and B rated high yield bonds. AHYB seeks to provide high current income and offers an opportunity to access a high yield strategy with strong potential risk-adjusted returns. The fund has an expense ratio of 0.45 percent and will disclose its holdings daily.
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Source: American Century Investments
