Americas ETP News
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World's first DeFi exchange traded fund to launch in Brazil next month
January 31, 2022--Fund will invest in tokens generated by decentralised apps rather than crypto or listed companies
The world's first exchange traded fund dedicated to decentralised finance networks is due to launch in Brazil next month, deepening the $10tn ETF industry's foray into virtual assets.
The move will allow investors to track a basket of projects betting on decentralised finance, trading and lending networks whose standards are automated and often decided by consensus.
view filing
Source: ft.com
JPMorgan to start converting $9bn in mutual funds to ETFs in April
January 26, 2022--The four funds bled a combined $2bn during the 12 months ended November 30
JPMorgan will in April begin converting $9.1bn in mutual funds to ETFs, the company has disclosed.
The $1.3bn Inflation Managed Bond Fund is expected to convert on April 8 into the Inflation Managed Bond ETF, filings show. The $1.2bn Market Expansion Enhanced Index Fund will switch over on May 6 into the Market Expansion Enhanced Equity ETF, and the $1.8bn Realty Income Fund will convert on May 20 into the Realty Income ETF.
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January 26, 2022--The four funds bled a combined $2bn during the 12 months ended November 30
Source: ft.com
Deloitte Report: Inaction on Climate Change Could Cost the US Economy $14.5 Trillion by 2070
January 25, 2022--The U.S. economy could gain $3 trillion over the next 50 years if it accelerates towards a path of low-emissions growth
A new report released today from the Deloitte Economics Institute shows that the United States economy could gain $3 trillion if it rapidly decarbonizes over the next 50 years. This once-in-a-generation transformation could add nearly 1 million more jobs to the US economy by 2070, according to the report,"The Turning Point: A new economic climate in the United States.".
"The Deloitte Economics Institute Turning Point report makes the case for another industrial revolution in the U.S.-one built on low-emissions growth-to avoid significant losses from the climate crisis and to create a more dynamic, prosperous economy for the U.S.," said Alicia Rose, Deputy CEO for Deloitte US. "The analysis shows that the battle to slow climate change is not only an aspirational goal, but an economic imperative for the U.S."
If global warming reaches around 3°C toward the century's end, Deloitte's analysis indicates that economic damages would grow and compound, affecting every industry and region in the country.
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Source: Deloitte
US investors shun currency-hedged ETFs despite outsized returns
January 24, 2022--Collective assets under management are down by almost three-quarters since their high in 2015
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Source: ft.com
Pacer Advisors, Inc. to Close and Liquidate the Pacer Salt truBeta ETFs (SLT and LSLT)
January 20, 2022-After careful consideration, the Board of Trustees of Pacer Funds Trust has determined to close and liquidate the Pacer Salt High truBeta US Market ETF (CBOE: SLT) and the Pacer Salt Low truBeta US Market ETF (CBOE: LSLT) (the "Funds"). Pacer Advisors, Inc. ("Pacer Advisors") serves as the investment adviser to the Funds.
The Funds will be closed to orders for new creation units as of February 23, 2022, and the last day of trading of the Funds shares on the CBOE Exchange will be February 24, 2022. From February 16, 2022, through February 24, 2022, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. The Funds will liquidate on or around February 24, 2022 (the "Liquidation Date").
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Source: Pacer
Amberwave Partners Launches iUSA Exchange Traded Fund to Drive Investment in American Jobs, Security, Growth
January 20, 2022-- Emerging asset manager Amberwave Partners (Amberwave) today launched its first exchange traded fund (ETF), the Amberwave Invest USA JSG Fund (iUSA /NYSE: $IUSA), to drive value-based impact investment centered on the universal priorities of supporting American jobs, security, and growth (JSG).
JSG investing is an emerging asset management ecosystem that emphasizes American jobs, national security, and economic growth and is strategically designed to help enhance the lives of all Americans and their communities.
"At Amberwave Partners, we believe our JSG investing strategy will give investors the ability to direct their savings towards companies that create opportunities in the job market, reinforce supply chains, and contribute to long-term American economic growth- all while seeking to provide returns, " said Amberwave co-founder Dan Katz.
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Source: Amberwave Partners
Direxion Launches New Daily 2X Leveraged ETFs: FNTC, ONG and EVEN
January 20, 2022--Direxion (www.direxion.com) launched:
Direxion Daily FinTech Bull 2X Shares (Ticker: FNTC)
Direxion Daily Oil Services Bull 2X Shares (Ticker: ONG)
Direxion Daily S&P 500(R) Equal Weight Bull 2X Shares (Ticker: EVEN)
The Funds seek to achieve 200% of the daily performance of the Indxx US Fintech and Decentralized Finance Index, MVIS US Listed Oil Services 25 Index and S&P 500(R)Equal Weight Index, respectively.
The Indxx US Fintech and Decentralized Finance Index includes companies offering technology-driven financial services, and facilitating a decentralized finance infrastructure, that are disrupting existing business models in the financial services industry in the United States. Included are the following sub-themes: Digital Payments, Point-of-Sale (POS) , Personal Finance Software and Credit/Debit Card Issuers, Tax Compliance Software and Backend Payment Processing, Decentralized Finance, Financial Enterprise Solutions, and Peer-to-Peer Lending and Crowdfunding.
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Source: direxion.com
SoFi gets approval to become a bank
January 19, 2022--Online lender SoFi Technologies has received approval from US regulator to become a bank holding company.
The Office of the Comptroller of the Currency and the Federal Reserve have approved SoFi's applications to become a bank through its proposed acquisition of Golden Pacific Bancorp.
SoFi agreed to buy the Californian community bank for $22.3 million last year specifically to help it obtain a bank charter. That acquisition is now set to close in February.
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Source: finextra.com
U.S. Global Investors Announces the Launch of the U.S. Global Sea to Sky Cargo ETF (SEA)
January 19, 2022--U.S. Global Investors, Inc. (Nasdaq: GROW) ("the Company"), a registered investment advisory firm that
focuses on specialized markets around the world, is excited to announce that its U.S. Global Sea to Sky Cargo ETF (SEA) will begin trading tomorrow, January 20, on the New York Stock Exchange (NYSE).
SEA seeks to provide diversified access to the global sea shipping and air freight industries. Consisting of common stocks listed on developed and emerging market exchanges across the globe, the ETF uses a smart-beta 2.0
strategy to determine the most efficient sea shipping and air freight
companies in the world. Cargo ships represent approximately 70% of the ETF,
while air freight companies represent roughly 30%.
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Source: bloomberg.com
WisdomTree Announces AI Enhanced Value Funds (AIVL & AIVI)
January 18, 2022--Actively managed value strategies seek to leverage machine learning approach from Voya's Equity Machine Intelligence (EMI) proprietary model
WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product ("ETP") sponsor and asset manager, today announced that WisdomTree's U.S. Dividend ex-Financials Fund (DTN) and International Dividend ex-Financials Fund (DOO) have been restructured into WisdomTree's U.S. AI Enhanced Value Fund (AIVL) and International AI Enhanced Value Fund (AIVI).
Both Funds are available on the NYSE with expense ratios of 0.38% and 0.58%, respectively. The WisdomTree AI Enhanced Value Funds utilize the Equity Machine Intelligence (EMI) proprietary model of Voya Investment Management Co., LLC ("Voya"), each Fund's sub-adviser. The EMI model applies data science and artificial intelligence (AI) to fundamental value investing within a dynamic investment process.
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Source: WisdomTree
