Americas ETP News
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Flow Traders and other market makers join ICE ETF Hub basket negotiation pilot
October 29, 2020--Brownstone Investment Group, Sumridge, and Wolverine have joined Flow Traders in participating in the ICE ETF Hub basket negotiation pilot scheme.
Flow Traders has signed up to participate in a pilot scheme to assemble custom baskets for ETFs in the ICE ETF ecosystem alongside three other market makers.
Brownstone Investment Group, Sumridge, and Wolverine join Flow Traders and existing market makers Jane Street, Old Mission, and CTC, also participating in the pilot scheme in the ICE ETF Hub.
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Source: thetradenews.com
Introducing the Global X Data Center REITs & Digital Infrastructure ETF
October 29, 2020--On October 29th, 2020, we introduced the Global X Data Center REITs & Digital Infrastructure ETF (VPN) on Nasdaq. VPN seeks to invest in companies that operate data center REITs and other digital infrastructure expected to benefit from the development of 5G and next generation communication networks.
Data Centers & Cellular Towers: The Backbone of Our Digital World
A confluence of multiple digital technologies are expected to define this decade: billions of internet connected devices will transmit zettabytes of data across blazing fast 5G networks, which will be stored or analyzed in the cloud by sophisticated artificial intelligence algorithms.
As much as these technologies appear to occur effortlessly and out of thin air, they require an extensive network of physical infrastructure and hardware. Cellular towers transmit and receive radio signals to wireless devices, while data centers host servers that store and process information. Together, they form the backbone of the digital and wireless technologies that we use daily.
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Source: Global X Funds
Global X ETFs Continues Expansion of Thematic Suite with Digital Infrastructure and CleanTech Launches
October 29, 2020--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launches of the Global X Data Center REITs & Digital Infrastructure ETF (VPN) and the Global X CleanTech ETF (CTEC). Both funds will join the firm's $7 billion Thematic Growth family, which consists of an industry-leading 23 thematic ETFs.1
The emergence of a multitude of digital technologies is set to be a key driver of growth in the 2020s. Connectivity across billions of Internet of Things devices, alongside increased utilization of cloud storage, ultrafast 5G mobile networks, and sophisticated artificial intelligence algorithms, is expected to drive robust demand for digital infrastructure, like data centers and cellular towers. At the same time, the strengthening global imperative to tackle climate change is driving further innovation among technologies that can potentially mitigate this impending risk.
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Source: Global X
Indxx CleanTech Index Licensed by Global X Funds for an Exchange Traded Fund
October 29, 2020--Indxx is excited to announce the launch of the Indxx CleanTech Index (the "Index"), which tracks the performance of companies that develop technology or equipment that enables the production of energy from renewable sources, efficient utilization of energy and reduction of negative environmental influences.
The Index (Ticker: ICTECT) has been licensed by New York-based Asset Manager Global X Funds for the Global X CleanTech ETF (NASDAQ: CTEC), which began trading today.
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Source: Indxx
SEC Shelves Measure to Protect Investors in Leveraged ETFs
October 28, 2020--Proposal requiring leveraged and inverse exchange-traded funds to vet investors needs further study, officials say
The Securities and Exchange Commission on Wednesday shelved a measure intended to protect investors who trade the shares of a class of exchange-traded funds it considers risky, saying it would review the issue later.
The SEC in November had proposed requiring broker-dealers and investment advisers to vet individual investors before approving them to trade the products, known as leveraged and inverse exchange-traded funds. Such funds use debt to double or triple the gains-and losses-of an underlying index and are..
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Source: wsj.com
US SEC opens door to more leveraged ETFs
October 28, 2020--The US Securities and Exchange Commission opened the door to more leveraged exchange traded funds on Wednesday as it passed new regulations governing the use of derivatives in the retail-friendly products.
The securities regulator, in a 3-2 vote, said ETF providers which abided by certain requirements could now offer products with up to 200 per cent leverage without seeking prior approval from the SEC.
Jay Clayton, the SEC chairman appointed by president Donald Trump in 2017, said the changes provided "both meaningful protections for investors and regulatory certainty for funds and their advisers".
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Source: technocodex.com
Goldman Sachs to merge five thematic ETFs
October 26, 2020--Goldman Sachs Asset Management is planning to re-organize five equity ETFs that collectively house around $300 million in assets under management into a single multi-thematic strategy.
The five ETFs were introduced on NYSE Arca in March 2019 and provide passive exposure to themes related to transformational changes in the global economy: data-driven world, finance reimagined, human evolution, manufacturing revolution, and new-age consumer.
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Source: etfstrategy.com
Impact Shares Adds Former NAACP Senior Director Marvin Owens as Chief Engagement Officer
October 26, 2020--The Rockefeller Foundation provides $3 million in operating capital to Impact Shares, the first 501(c)(3) nonprofit exchange-traded fund platform on the market
Impact Shares, the first 501(c)(3) nonprofit exchange-traded fund platform, is pleased to welcome Marvin Owens, former senior director of economic development at the National Association for the Advancement of Colored People (NAACP), to its team as Chief Engagement Officer.
Amid the ongoing fight for racial equality in the U.S., the Impact Shares NAACP Minority Empowerment ETF (NYSE: NACP) has come to the forefront as an important tool for investors to promote racial equity in the private sector.
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Source: Impact Shares
European financial institution ETFs lose out as traders flock to US counterparts
October 26, 2020--Trade traded fund traders are shunning European banks and flocking to their US counterparts, ignoring valuations which have plunged to their lowest in a long time.
The sector final month sank to its lowest degree on file because the Stoxx Europe 600 Banks index spiralled beneath its 1992 nadir. But cut price hunters are nonetheless skinny on the bottom.
US financial institution ETFs have loved web inflows each month since March as traders search to extend publicity to a sector buying and selling at 1.2 occasions e book worth and 16.2 occasions trailing earnings, in keeping with the S&P Monetary Choose Sector Index.
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Source: medtech.news
AdvisorShares Vice ETF to Transfer Listing to NYSE Arca, Change Ticker to VICE
October 25, 2020--October 13, 2020--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced plans to transfer the listing of the AdvisorShares Vice ETF (Ticker: ACT) from NASDAQ to NYSE Arca effective on or about November 1, 2020.
The Fund's ticker symbol will change from ACT to VICE with the transfer listing. Shareholders in this fund will not be required to take any action as a result of this change.
"We look forward to bringing the AdvisorShares Vice ETF to NYSE Arca where most of our actively managed ETFs are listed"" said Dan Ahrens, chief operating officer of AdvisorShares and portfolio manager of the Vice ETF.
