Americas ETP News
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Stockpicking funds suffer record $450bn of outflows
December 30, 2024 -Shift into passive strategies and ETFs has accelerated as performance of pricier mutual funds lags behind benchmarks
Investors plowed more than $1 trillion into U.S.-based exchange-traded funds in 2024, shattering the previous record set three years ago and raising Wall Street hopes for an even bigger year ahead.
Investors pulled a record $450bn out of actively managed stock funds this year, as a shift into cheaper index-tracking investments reshapes the asset management industry.
The outflows from stockpicking mutual funds eclipse last year's previous high of $413bn, according to data from EPFR, and underline how passive investing and exchange traded funds are hollowing out the once-dominant market for active mutual funds.
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Source: ft.com
NEOS Investments Announces Strategic Investment from Aretex Capital and Tom Lydon
December 20, 2024--NEOS Investments LLC, an innovative ETF issuer known for its tax-efficient income strategies, announces that Aretex Capital Partners, along with ETF industry expert Tom Lydon, acquired a minority interest in the company.
"We are excited to welcome Andrew Feller, David Badham and Tom Lydon. This partnership allows NEOS to continue focusing on what we value most, our clients, and delivering innovative products to meet their income needs. Additionally, they each bring different industry experience to support our continued growth. We have worked with Tom Lydon for many years and are excited to have his guidance as we continue to educate financial professionals and institutions about options-based income strategies," said NEOS Investments Co-Founder and Managing Partner, Garrett Paolella.
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Source: NEOS Investments
First Eagle Investments Unveils First Active Equity ETFs
December 20, 2024--Manager's entry into the ETF space packages the firm's time-tested approach to global value investing in an efficient and cost-effective structure
First Eagle Investments ("First Eagle") today announced the launch of its first two active exchange-traded funds (ETFs), the First Eagle Global Equity ETF (FEGE) and the First Eagle Overseas Equity ETF (FEOE), which are now available on the New York Stock Exchange.
The First Eagle ETFs leverage rigorous, bottom-up research to invest in high-quality stocks trading at discounts to their "intrinsic value"*, an approach First Eagle's Global Value team believes could help to avoid the permanent impairment of capital and drive its growth over the long term.
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Source: First Eagle Investments
Frontier Asset Management Selects SEI to Launch Active ETFs
December 20, 2024-Advisors' Inner Circle Fund Trust Powers Growth for Asset Managers
SEI today announced that Frontier Asset Management (Frontier) selected the Advisors' Inner Circle Fund series trust as its operational platform to launch six new active ETFs, including:
Frontier Asset Absolute Return ETF
Frontier Asset Core Bond ETF
Frontier Asset Opportunistic Credit ETF
Frontier Asset Global Small Cap Equity ETF
Frontier Asset Total International Equity ETF
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Source: SEI Investments Company
Neuberger Berman Expands Actively Managed Lineup With Launch of Total Return Bond and Growth ETFs
December 20, 2024-Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the launch of two new actively managed ETFs: Neuberger Berman Total Return Bond ETF and Neuberger Berman Growth ETF.
The new Neuberger Berman Total Return Bond ETF is a Core-plus fixed income portfolio seeking to outperform its benchmark over market cycles, driven by multiple potential alpha sources:
Dynamic & Diverse Sector Allocations
Utilize a broad opportunity set of fixed income sectors-not limited to benchmark sectors.
Efficient Use of 'Plus' Sectors
Avoid static overweights to below-investment grade and emerging markets-dynamically adjust allocations based on portfolio managers' relative value views.
High Conviction Security Selection
Aims to be additive across credit market environments—best ideas approach built upon sector specialty research teams.
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Source: Neuberger Berman
Global X ETFs Launches the Global X U.S. Electrification ETF (ZAP)
December 18, 2024-Fund will focus on companies engaged in U.S. power grid infrastructure modernization, expansion of data centers, and conventional and alternative electricity generation
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X U.S. Electrification ETF (ZAP).
The fund, which seeks to provide investment exposure to companies that potentially stand to benefit from increased electricity demand and electrification within the U.S., underscores Global X's commitment to providing investors access to innovative, disruptive themes.
U.S. electricity demand is projected to increase 47% between 2024 and 2040, driven in part by the expansion of artificial intelligence (AI) data centers, a resurgence in manufacturing, and the adoption of electric vehicles[i]. ZAP seeks to provide exposure to the entire electricity value chain, including companies that are involved in conventional and alternative electricity generation, as well as the modernization, development, and implementation of grid infrastructure and smart grid technologies.
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Source: Global X Management Company LLC
John Hancock Investment Management Grows Active Fixed Income ETF Suite with Core and Core Plus Bond ETFs
December 18, 2024-John Hancock Investment Management, a company of Manulife Wealth and Asset Management, announced today that it has launched John Hancock Core Bond ETF and John Hancock Core Plus Bond ETF. The new ETFs are actively managed and subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager.
"We're excited to expand our active ETFs and leverage the expertise of the Manulife IM (US) team. They will apply a similar investment process and philosophy to these ETFs as they do with their other strategies," said Kristie Feinberg, President and CEO of John Hancock Investment Management.
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Source: John Hancock Investment Management
Mutual Fund Conversions Hit Record in ETF Industry's Epic Year
December 17, 2024- Some 55 mutual funds made the switch this year: Morningstar
ETFs hit $11 trillion in assets, $1 trillion inflows in 2024
New exchange-traded funds riding buzzy investment themes are helping fuel record industry growth this year. Yet, it's also shaping up to be a banner era for money managers revamping their tried-and-tested mutual funds into the tax-efficient product.
This year has seen a record number of mutual fund-to-ETF switches, according to data compiled by Morningstar Direct. As demand for the easy-to-trade ETF structure gains traction on Wall Street, 55 made the conversion- more than triple from 2021. Majority of the products that converted were fixed-income in nature, particularly from Stone Ridge's LifeX suite. Other issuers include Morgan Stanley, TCW Group Inc. and BlackRock Inc.
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Source: bloomberg.com
Leverage Shares by Themes ETFs Enters US Market with Launch of Lowest Cost Leveraged Single-Stock ETFs tracking NVIDIA (Ticker: NVDG) and Tesla (Ticker: TSLG)
December 13, 2024-Themes ETFs is a forward-thinking ETF provider specializing in thematic and sector-specific ETFs and a sister company of Leverage Shares, a leader in single stock ETPs in Europe with approximately $1.4 billion in assets under management.
Themes is bringing Leverage Shares strategies to the US market with 2x leveraged ETFs for Nvidia (NVDG) and Tesla (TSLG), traded on the Nasdaq.
Priced at 0.75%, NVDG and TSLG have the lowest expense ratios for leveraged single-stock ETFs listed in the US.
Leverage Shares, by Themes ETFs is excited to announce the launch of two new leveraged single-stock ETFs on the Nasdaq: Leverage Shares 2X Long Nvidia Daily ETF (NVDG) and Leverage Shares 2X Long Tesla Daily ETF (TSLG). These ETFs offer 2x leveraged exposure to Nvidia and Tesla, respectively, the lowest cost ETFs of their kind listed in the US.
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Source: Themes ETFs
Parnassus Investments Debuts Active ETFs
December 12, 2024--Parnassus Core Select ETF and Parnassus Value Select ETF Provide Investors with Access to High-Conviction Portfolios With the Flexibility to Pursue Outperformance
Parnassus Investments, a pioneer in sustainable investing, today announced the launch of its first two exchange-traded funds (ETFs), the Parnassus Core Select ETF (NYSE: PRCS) and the Parnassus Value Select ETF (NYSE: PRVS).
The new funds mark Parnassus's entry into the active ETF market to offer investors access to the firm's high-conviction, actively managed equity strategies in a convenient, tax-advantaged vehicle.
The Parnassus Core Select ETF is an actively managed ETF that seeks to achieve strong long-term returns by investing in a concentrated portfolio of approximately 25 high-quality, attractively priced U.S. large cap stocks that reflect our investment team's highest convictions.
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Source: Parnassus Investments
