Manager Directed Portfolios files with the SEC-Vert Global Sustainable Real Estate Fund
October 24, 2023-Manager Directed Portfolios has filed a Post-Effective Amendment, Registration Statement with the SEC for the Vert Global Sustainable Real Estate Fund-the Fund will be converted into an exchange-traded fund-the Vert Global Sustainable Real Estate ETF. The conversion is expected to occur in the fourth quarter of 2023.
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Source: SEC.gov
Tidal Financial Group Announces Days Global Advisors Launches on NYSE
October 24, 2023--Financial advisory firm Days Global Advisors has launched on the New York Stock Exchange (NYSE) under the ticker HF (NYSE: HF).
The firm's innovative Absolute Return Exchange-Traded Funds (ETF) pave the way for investors to discover progressive investment opportunities.
Absolute Return ETFs target to generate positive returns regardless of market conditions. Day's mission is to provide investment solutions promoting incomparable inclusion, diversity, equity, and access, what Days Global Advisors refers to as I.D.E.A. The firm is bringing I.D.E.A to the traditionally restricted field of generational wealth building.
Days Global Advisors' ETF made its initial debut on the NYSE on August 3, 2023, with an aim to bridge traditional investment gaps. The move allows more investors to tap into diverse investment solutions that have long been the stronghold of hedge funds. The ETF offers a malleable and cost-effective pathway for investors to participate in hedge fund strategies.
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Source: Tidal Financial Group
Purpose Investments Launches Actively Managed Portfolio Solutions Targeting Conservative, Balanced, and Growth Risk Profiles
October 24, 2023--Funds seek to deliver superior outcomes by complementing broad market exposures with a combination of tactical asset allocation and selectively deployed active management
Purpose Investments Inc. ("Purpose") is proud to announce the launch of Purpose Active Portfolio Solutions, including-three single-ticket portfolio solutions designed to suit a broad range of investor risk tolerance.
Each Fund, as defined below, seeks to deliver superior investor outcomes by tactically managing asset allocation within defined ranges and selectively deploying active security selection into market segments where the portfolio manager believes it is most likely to add value.
As part of this initiative, Purpose is launching three funds (each a "Fund" and collectively the "Funds"): Purpose Active Conservative Fund (TSX: PACF), Purpose Active Balanced Fund (TSX: PABF), and Purpose Active Growth Fund (TSX: PAGF). Each Fund has closed the initial offering of its ETF units and will begin trading today on the Toronto Stock Exchange under the ticker symbols noted. Each Fund also offers conventional class A, class F, and class I mutual fund units.
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Source: Purpose Investments Inc.
Tidal ETF Trust files with the SEC-Newday Ocean Health ETF and Newday Diversity, Equity & Inclusion ETF
October 23, 2023--Tidal ETF Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the
Newday Ocean Health ETF
Newday Diversity, Equity & Inclusion ETF.
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Source: SEC.gov
Simplify Exchange Traded Funds files with the SEC-Simplify MBS ETF and Simplify US Equity PLUS QIS ETF
October 23, 2023-Simplify Exchange Traded Funds has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Simplify MBS ETF
Simplify US Equity PLUS QIS ETF.
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Source: SEC.gov
Exchange Traded Concepts to Close and Liquidate ETC Gavekal Asia Pacific Government Bond ETF
October 23, 2023--After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser, in consultation with Gavekal Capital Limited, the Fund's sub-adviser and sponsor, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation.
Accordingly, the Fund is expected to cease operations and liquidate on or about November 17, 2023 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on November 14, 2023, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about November 15, 2023.
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Source: Exchange Traded Concepts, LLC
Financial Stability Report-October 2023
October 20, 2023--1. Asset valuations. Equity prices grew faster than expected earnings, pushing the forward price-to-earnings ratio into the upper ranges of its historical distribution. Risk premiums in corporate bond markets narrowed somewhat and remained near the middle of their historical distributions. Prices of residential and commercial properties remained high relative to fundamentals.
2. Borrowing by businesses and households. Balance sheets of many nonfinancial businesses and households remained solid. Growth of business debt continued to decline through the first half of the year, although business debt remained high when measured relative to gross domestic product (GDP) or business assets. Measures of the ability of firms to service their debt remained strong. Household debt remained at modest levels relative to GDP, with most of that debt owed by households with strong credit histories or considerable home equity.
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Source: federalreserve.gov
Ark finds silver lining in massive ETF losses: years of tax benefits
October 22, 2023--Quick Summary:
Even so, mutual funds collectively continue to hold a much larger piece of the US investment pie than ETFs.
Ark said in its Thursday quarterly fund webinar that its December 2025 estimate was a conservative one, and that its capital losses could be sufficient to offset tax liabilities as far out as September 2027.
Wood noted on Thursday's webinar that she thought the potential to save on taxes offered by her company's ETFs was underappreciated."I don’t think many people understand what an asset we have in terms of those tax-loss carry-forwards," Wood said.
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Source: beamstart.com
Northern Lights Fund Trust III files with the SEC-HCM Defender 100 Index ETF and HCM Defender 500 Index ETF
October 20, 2023--Northern Lights Fund Trust III has filed a Post-Effective Amendment, Registration Statement with the SEC for the
HCM Defender 100 Index ETF
HCM Defender 500 Index ETF.
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Source: SEC.gov
AB Active ETFs, Inc. files with the SEC-AB Conservative Buffer ETF
October 20, 2023--AB Active ETFs, Inc. has filed a Post-Effective Amendment, Registration Statement with the SEC for the AB Conservative Buffer ETF.
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Source: SEC.gov
Roundhill ETF Trust files with the SEC-Roundhill S&P Dividend Monarchs ETF
October 20, 2023--Roundhill ETF Trust has filed a Form N-1A Registration Statement, Pre-effective amendment with the SEC for the Roundhill S&P Dividend Monarchs ETF.
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Source: SEC.gov
Hartford Funds Exchange-Traded Trust files with the SEC-Hartford Quality Value ETF
October 20, 2023--Hartford Funds Exchange-Traded Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Hartford Quality Value ETF.
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Source: SEC.gov
Tema ETF Trust files with the SEC-4 ETFs
October 20, 2023--Tema ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Tema Asian Middle Class ETF
Tema Cardiovascular and Metabolic ETF
Tema Indonesia ETF
Tema Neuroscience and Mental Health ETF.
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Source: SEC.gov
ETF Series Solutions files with the SEC-The Brinsmere Fund-Growth ETF and The Brinsmere Fund-Conservative ETF
October 20, 2023--ETF Series Solutions has filed a Post-Effective Amendment, Registration Statement with the SEC for the
The Brinsmere Fund-Growth ETF
The Brinsmere Fund-Conservative ETF.
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Source: SEC.gov
ETF Opportunities Trust files with the SEC-Brendan Wood TopGun ETF
October 20, 2023--ETF Opportunities Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Brendan Wood TopGun ETF.
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Source: SEC.gov