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Citadel-Backed Exchange That Shook Up Treasuries Takes On Crypto
October 7, 2021--A Chicago-based exchange backed by some of the top names in trading has added cryptocurrency-related futures to its product list.
The Small Exchange, which counts Citadel Securities, Jump Capital, Interactive Brokers Group Inc. and Peak6 Investments among its investors, has already made its mark with smaller-sized contracts on stocks, Treasuries and precious metals.
Now it has debuted a product designed to track the performance of the digital-asset industry: futures on the Small Cryptocurrency Index, which has 17 components that include Grayscale Bitcoin Trust, Coinbase Global Inc., Paypal Holdings Inc. and Square Inc.
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Source: bnnbloomberg.ca
Fidelity(R) Grows Thematic Fund Lineup With Launch of Four New ETFs
October 7, 2021--New Thematic ETFs Track Fidelity Indices, Developed by Quantitative Research and Investment Division
Fidelity Expands Market Insights Podcast Series with New Quantitative Research Insights
Fidelity Investments(R) today announced the launch of four new thematic exchange-traded funds (ETFs)-Fidelity Clean Energy ETF (FRNW), Fidelity Cloud Computing ETF (FCLD), Fidelity Digital Health ETF (FDHT), and Fidelity Electric Vehicles and Future Transportation ETF (FDRV).
The ETFs began trading today on the Cboe BZX Exchange, Inc. and are available commission-free for individual investors and financial advisors through Fidelity's online brokerage platforms.
Fidelity is one of the industry's leading distributors of ETFs with more than $859 billion in ETF client assets under administration.i With this launch, Fidelity now offers 46 ETFs with more than $30.6 billion in assets under management.ii
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Source: Fidelity Investments
KraneShares Launches China Innovation ETF Targeting Growth Sectors and Private Companies
October 7, 2021--Krane Funds Advisors, LLC ("KraneShares"), a global asset manager known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, today announced the launch of the KraneShares China Innovation ETF (Ticker: KGRO).
KGRO is an active ETF that provides investors with core exposure to the brightest high-growth areas within China's economy by combining "New China" sectors. These areas include China internet, healthcare, clean technology, 5G, semiconductors, and the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market). KGRO primarily invests in the following KraneShares ETFs:
KraneShares CSI China Internet ETF (Ticker: KWEB)
KraneShares MSCI All China Health Care Index ETF (Ticker: KURE)
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Source: Krane Funds Advisors, LLC
VanEck Continues to Enhance Its Lineup of Sustainability-Focused Offerings With the Launch of the VanEck Morningstar ESG MOAT ETF (MOTE)
October 7, 2021--Leverages Morningsta's forward-looking Sustainalytics ESG risk analysis to isolate attractively priced "wide moat" stocks screened for ESG risks.
--VanEck today announced the launch of the VanEck Morningstar ESG Moat ETF (CBOE: MOTE), the newest addition to the firm's lineup of moat investing ETFs as well as to VanEck's growing lineup of sustainability-focused investment solutions.
MOTE is designed to provide investors with exposure to attractively priced U.S. companies that Morningstar believes possess long-term competitive advantages, or "moats", that have been screened for ESG risks.
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Source: VanEck
Invesco Launches Digital Assets and Blockchain Thematic Equity ETFs in the U.S.
October 7, 2021--Passive ETFs track unique Alerian Galaxy Global Indexes that combine exposure to cryptocurrency and blockchain equities with an allocation to an investment vehicle that directly holds digital assets.
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, today announced the launch of two passively managed exchange-traded funds (ETFs) focused on digital assets and blockchain. The Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) will offer thematic equity exposure to global public companies and select investment vehicles that are actively engaged in the cryptocurrency and blockchain sectors.
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Source: Invesco Ltd
WisdomTree Launches Target Range Fund (GTR)
October 7, 2021--Investment strategy seeking to balance risk and reward and address investor concerns over market volatility
WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, announced today the launch of the WisdomTree Target Range Fund (GTR) on NASDAQ with an expense ratio of 0.70%.
GTR is an actively managed ETF that seeks to provide capital appreciation, with a secondary objective of hedging risk. In pursuing its investment objectives, GTR aims to follow the methodology of the TOPS® Global Equity Target RangeTM Index (the "Index"). The Index was created by Valmark Advisers, a subsidiary of Valmark Financial Group.
"Investors face a complex market environment with elevated stock valuations and historically low interest rates. Fears of inflation and rising rates have pushed some investors out on the risk curve1, pushing up a traditional 60% equity/40% fixed income mix towards 75/25," said Jeremy Schwartz, Global Head of Research at WisdomTree. "WisdomTree's Target Range Fund may help investors increase their equity exposure and upside participation in markets, but in a risk controlled manner."
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Source: WisdomTree Investments, Inc.
ETF Managers Group (ETFMG(R)) Expands Cannabis and Leveraged Suites of ETFs with MJIN
October 6, 2021--Now offering -2x exposure to global cannabis with MJIN, from the issuer who brought investors the first U.S. and world's largest cannabis ETF (NYSE Arca: MJ).
Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG(R)), announced today that the ETFMG 2x Daily Inverse Alternative Harvest ETF (NYSE Arca: MJIN) will begin trading on the New York Stock Exchange.
MJIN is designed to seek daily leveraged investment results, before fees and expenses, of two times the inverse (-2x) (or opposite) of the performance of the Prime Alternative Harvest Index, providing investors access to the global cannabis ecosystem and benefitting directly from widespread medicinal and recreational legalization initiatives.
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Source: ETFMG
US regulator warns leveraged ETPs pose systemic risk to markets
October 6, 2021--SEC seeks crackdown on complex vehicles after retail investors hit by stinging losses
A top US regulator has warned that leveraged exchange traded products present a risk to the stability of financial markets and called for tighter rules to be applied to these complex vehicles.
Gary Gensler, chair of the Securities and Exchange Commission, said on Monday that he supported the introduction of new rules. The statement followed warnings by US regulators stretching back more than a decade about the risks to individual investors posed by leveraged ETPs.
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Source: ft.com
KraneShares Expands Carbon Market Offering with Launch of European and California Carbon ETFs: KEUA and KCCA
October 5, 2021--October 5, 2021--Krane Funds Advisors, LLC, ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, is pleased to announce the expansion of its carbon market offering with the launch of the KraneShares European Carbon Allowance ETF (KEUA) and the KraneShares California Carbon Allowance ETF (KCCA).
Under the cap-and-trade programs, carbon allowances put a price on carbon emissions, engaging market forces to tackle climate change. Each emissions trading program covered in the KraneShares suite is a powerful policy tool for achieving the ambitious climate targets set in the Paris Agreement.
The two new funds join KraneShares growing carbon market suite; the KraneShares Global Carbon ETF (NYSE: KRBN) listed in July 2020 on the New York Stock Exchange. Since its inception, the fund has accumulated over $900 million in assets under management (AUM) and returned 105.45%.1
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Source: KraneShares
Motley Fool ramps up ETFs focus with $1bn conversions plan
October 5, 2021--Motley Fool's asset management affiliates plan to jump into the wave of investment trust-to-ETF conversions as part of a business review.
Formerly known by the acronym MFAM, Motley Fool Asset Management will convert the actively managed $ 704 million MFAM Global Opportunity and the $ 331 million MFAM Midcap Growth Fund to ETFs by the end of the year. It's a schedule. The manager already manages two index ETFs, the $ 526 million Motley Fool 100 Index ETF and the $ 186 million MFAM Small Cap Growth ETF.
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Source: marketresearchbizreports
