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ETFs evolve in the active investing space
August 10, 2023--Expect more launches if the investment trust drought continues
Not everything in life is binary.
That's not a mantra from the culture wars but a statement of fact from the front line of the key struggle in the world of investing: the battle between passive and active funds.
Most passive funds are structured as exchange traded funds (ETFs) but there's also a growing cohort of so-called "active ETFs".
Some might proclaim that this surely this goes against the whole concept of passive funds -which find a big, diverse, benchmark index and then copy it by tracking its constituents. Passively.
ALPS ETF Trust files with the SEC-Level Four Large Cap Growth Active ETF
August 9, 2023-ALPS ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Level Four Large Cap Growth Active ETF.
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Hartford Funds Exchange-Traded Trust files with the SEC-Hartford Quality Value ETF
August 9, 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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Noble Absolute Return ETF (NOPE) to Close
August 9, 2023--The Board of Trustees of Tidal ETF Trust has decided to liquidate and close the NOBLE ABSOLUTE RETURN ETF (the "Fund"), based on the recommendation of the Fund's adviser, Toroso Investments, LLC, a Tidal Financial Group company, and the Fund's sub-adviser, Noble-Impact Capital, LLC. The Board of Trustees concluded that liquidating and closing the Fund would be in the best interest of the Fund and its shareholders.
The Fund will cease trading on the NYSE Arca, Inc. ("NYSE") and will be closed to purchase by investors as of the close of regular trading on the NYSE on August 24, 2023 (the "Closing Date"). The Fund will not accept purchase orders after the Closing Date.
USCF Announces Launch of the USCF Sustainable Commodity Strategy Fund (Ticker: ZSC)
August 9, 2023--USCF today announced it has launched the USCF Sustainable Commodity Strategy Fund (ZSC). The Fund seeks total return by providing broad exposure to commodities across three different sustainability focused themes: agriculture, renewable energy and electrification. ZSC is an actively managed exchange traded fund (ETF).
"We believe that ZSC offers investors the opportunity to capture the benefits of commodities through a new lens," said John Love, President and CEO of USCF. "ZSC delivers commodity exposure oriented toward the agriculture needed to feed the world's growing population, renewable energy and the electrification metals poised to benefit from secular growth tied to the energy transition."
GraniteShares ETFs Announces Repositioning of U.S. Large Cap ETF
August 9, 2023--GraniteShares today announced plans to reposition and rename a large-cap ETF in its fund range: GraniteShares XOUT U.S. Large Cap ETF (NYSE: XOUT) (the "Fund"). With this repositioning, the firm will change the ticker symbol, investment goal and strategy for the Fund.
The index provider for the Fund will change from XOUT Capital,LLC to NASDAQ, Inc. and the underlying index will change as described below.
Effective August 15, 2023, the Fund will begin to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Nasdaq US Large Cap Select Disruptors Index (the "New Index").
CBO-Monthly Budget Review: July 2023
August 8, 2023--Summary
The federal budget deficit was $1.6 trillion in the first 10 months of fiscal year 2023, the Congressional Budget Office estimates-more than twice the shortfall recorded during the same period last year.
Revenues were 10 percent lower and outlays were 10 percent higher from October through July than they were during the same period in fiscal year 2022.
Outlays in fiscal year 2023 were reduced by the shifting of certain payments-totaling $63 billion-from October 1, 2022 (the first day of fiscal year 2023), into fiscal year 2022 because October 1 fell on a weekend. If not for those shifts, the deficit through July would have been $1.7 trillion.
ETF Series Solutions files with the SEC-Brinsmere Systematic Allocation-Growth ETF and Brinsmere Systematic Allocation- Conservative ETF
August 8, 2023-ETF Series Solutions has filed a Post-Effective Amendment, Registration Statement with the SEC for the
-Brinsmere Systematic Allocation-Growth ETF
Brinsmere Systematic Allocation-Conservative ETF.
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Capital Group Fixed Income ETF Trust files with the SEC-Capital Group Core Bond ETF and Capital Group Short Duration Municipal Income ETF
August 8, 2023-Capital Group Fixed Income ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Capital Group Core Bond ETFund
Capital Group Short Duration Municipal Income ETF.
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YieldMax Launches Option Income Strategy ETF on Netflix, Inc. (NFLX)
August 8, 2023--YieldMax announced the launch today of the following ETF: YieldMax NFLX Option Income Strategy ETF (NYSE Arca: NFLY)
This ETF seeks to generate monthly income via a synthetic covered call strategy on Netflix, Inc.
(NFLX). NFLY is actively managed by ZEGA Financial. NFLY does not invest directly in NFLX.
NFLX is the latest member of the YieldMax ETF family and like all YieldMax ETFs, aims to deliver substantial monthly income to investors.
DBX ETF Trust files with the SEC-Xtrackers US National Critical Technologies ETF
August 7, 2023-DBX ETF Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the Xtrackers US National Critical Technologies ETF.
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AB Active ETFs, Inc. files with the SEC-4 AB ETFs
August 7, 2023-AB Active ETFs, Inc. has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the
AB Core Plus Bond ETF
AB Corporate Bond ETF
AB Tax-Aware Long Municipal ETF
AB Tax-Aware Intermediate Municipal ETF.
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AB Active ETFs, Inc. files with the SEC-AB Conservative Buffer ETF
August 7, 2023-AB Active ETFs, Inc. has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the AB Conservative Buffer ETF.
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Tidal Trust II files with the SEC-Grizzle Growth ETF
August 7, 2023-Tidal Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the Grizzle Growth ETF.
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Nasdaq rebalancing prompts huge flows to Invesco ETFs
August 6, 2023--The manager,s flagship QQQ fund accounted for $5.3bn of its $10.1bn July US ETF haul
Invesco's US exchange traded fund flows rebounded sharply in July, more than doubling the manager's first-half tally.
A net $10.1bn flowed into the company, lifting Invesco's business to rank third in the US ETF industry behind iShares and Vanguard, according to data from Morningstar.
The performance was a marked increase on the six months to the end of June, when Invesco's ETFs garnered $8.6bn, seventh-best industry-wide.