Americas ETP News
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Avantis Investors Launches New Active ETF
July 20, 2023--Avantis Investors, a $27 billion* investment offering from global asset manager American Century Investments, launched a new exchange traded fund (ETF) today. Avantis International Small Cap Equity ETF (AVDS) is now listed on the New York Stock Exchange (NYSE Arca, Inc.) and is the latest addition to Avantis Investors' growing ETF lineup.
"Launching new strategies is fun- especially when it is something clients are asking for," said Avantis Chief Investment Strategist Phil McInnis. "The Avantis International Small Cap Equity ETF compliments the already available Avantis U.S. Small Cap Equity ETF (AVSC). It applies the same principles but now to international markets."
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Source: American Century Investments
Horizons ETFs Launches Three ETFs Tracking the Solactive Equal Weight Canada Banks Index
July 19, 2023--As a very regulated and supervised industry, the Canadian bank sector is recognized for its stability and resilience. In addition to that, Canadian banks are also known for their dividend payments and their diversified business models, both domestically and internationally, which helps mitigate risks.
Solactive is pleased to announce that Horizons ETFs launched three ETFs tracking the Solactive Equal Weight Canada Banks Index. Through an equally weighted methodology, the Solactive Equal Weight Canada Banks Index includes major and regional banks that are listed in the Toronto Stock Exchange Exchange.
The Horizons Equal Weight Banks Index ETF (ticker HBNK) aims to mirror the index's performance without utilizing leverage. The Horizons Enhanced Equal Weight Banks Index ETF (ticker BNKL) seeks to replicate the index's performance 1.25 times (125%). The Horizons Enhanced Equal Weight Canadian Banks Covered Call ETF (ticker BKCL) tracks the index's performance while offering substantial monthly distributions from dividends and call option income. It utilizes a dynamic covered call option writing program to generate income.
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Source: Solactive AG
Panagram Launches Second Actively Managed CLO ETF with Diversified Access to AAA-rated CLO Bonds
July 19, 2023--CLOX seeks consistent return income with limited downside risk
Panagram Structured Asset Management ("Panagram"), a $14.7+ billion credit asset manager specializing in collateralized loan obligations ("CLOs"), announced the launch of its second ETF: Panagram AAA CLO ETF.
CLOX prioritizes capital preservation by investing in AAA-rated CLOs. This sector of the corporate credit market has a long-standing, robust historical track record, with no AAA-rated bond defaults in over 25 years. AAA-rated CLOs have a first priority on the interest and principal from underlying pools of senior secured loans. With CLOX, investors can gain access to a diverse pool of AAA-rated CLO bonds, which can offer higher yields than other similarly rated investments. Additionally, AAA-rated CLO bonds are less correlated to traditional stocks and bonds than other credit assets.
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Source: Panagram Structured Asset Management
ETF Managers Group CEO Samuel Masucci Steps Down Amid SEC Probe And Alleged Conflicts Of Interest
July 18, 2023--ETF Managers Group founder and CEO Samuel Masucci resigned from his role as chief executive and other related positions as part of a settlement with the Securities and Exchange Commission (SEC), which notified him of its decision to bring a civil action stemming from a probe into the company's cannabis exchange-traded fund.
The move comes weeks after ETFMG announced it was selling its ETF lineup to Amplify ETFs in a deal expected to close this year. The firm also recently announced two ETF closures, reported several sources.
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Source: businessinsider.com
Impact Shares Celebrates Five Year Anniversary of the NAACP Minority Empowerment ETF (NYSE: NACP)
July 18, 2023--Impact Shares's flagship NACP ETF celebrates five years of advancing racial diversity and equity in corporate America
Impact Shares is proud to announce the five year anniversary of its flagship product, the NAACP Minority Empowerment ETF (NYSE: NACP).
Launched in July 2018 in partnership with the National Association for the Advancement of Colored People (NAACP), NACP remains the only ETF product on the market that allows investors to allocate capital to U.S. companies with strong racial and ethnic diversity policies in place.
NACP tracks the Morningstar Minority Empowerment Index, which is designed to provide exposure to U.S. companies that prioritize strong diversity policies, empowering employees regardless of race or nationality.
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Source: Impact Shares
AXS Investments Marks 1-Year Anniversary of First-Ever U.S. Single Stock ETFs, TSLQ & NVDS
July 18, 2023--TSLQ & NVDS blazed the trail for U.S.-listed single stock ETFs empowering traders to express bearish short-term views on Tesla and Nvidia stock
AXS Investments, a leading asset manager providing access to alternative investments for growth, income and diversification, is celebrating the first anniversary of the launch of the industry's first-of-its-kind family of single stock ETFs, including the AXS TSLA Bear Daily ETF (TSLQ) and the AXS 1.25X NVDA Bear Daily ETF (NVDS).
TSLQ is one of the fastest-growing ETFs of the past year and provides the inverse (-1x) daily performance of Tesla common stock (TSLA). TSLQ has gathered more than $125 million since launch and trades an average 1.65 million shares per day.
NVDS provides 1.25 times the inverse (-125%) of the daily performance of common shares of NVIDIA Corporation (NVDA). NVDS also surpassed $100 million in assets, while its average daily volume exceeds 3.6 million shares.
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Source: AXS Investments
Innovator Announces Launch of Equity Defined Protection ETF
July 18, 2023--The first-to-market ETF of its kind aims to offer investors equity market exposure, to a cap, with a 100% buffer against downside losses
Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs, today announced the launch of the Equity Defined Protection ETF (TJUL). The first of its kind ETF seeks to provide investors with the upside return of the SPDR S&P 500 ETF Trust (SPY), to a 16.62% cap, and a 100% buffer against SPY losses over a two-year outcome period.
Investors facing uncertain market conditions and the threat of a potential recession have historically only had access to this type of investment strategy in structures that carry high investment minimums, long lockup periods, or high tax burdens. In spite of their features, investors have poured $billions into those structures in order to gain exposure to the compelling underlying risk/reward profile. With the availability of these strategies now in the ETF structure, investors have flocked to defined outcome ETFs, bringing Innovator’s suite to over $13 billion in AUM (as of 7/17/2023).
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Source: Innovator Capital Management
Touchstone Investments Launches Securitized Income-Focused ETF Further Expanding Distinctively Active Product Suite
July 18, 2023--The Touchstone Securitized Income ETF is Sub-advised by Fort Washington Investment Advisors
Touchstone Investments, known for its Distinctively Active mutual funds and exchange traded funds (ETFs), announced today the launch of the Touchstone Securitized Income ETF, an actively-managed, fully-transparent ETF that seeks to invest in a diversified portfolio of fixed-income securities, which begins trading on July 19, 2023.
The Touchstone Securitized Income ETF, in seeking to achieve its investment objective of capital appreciation, is designed to offer investors a comprehensive framework of investments in well-positioned securitized fixed-income securities, including residential mortgage-backed securities; commercial mortgage-backed securities; asset-backed securities; and collateralized loan obligations, which may include U.S. Treasury securities; U.S. government agency securities; securities of government-sponsored enterprises; municipal bonds and cash equivalents.
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Source: Touchstone Investments
BlackRock to expand proxy voting choice to retail ETF investors
July 17, 2023--The world's top asset manager BlackRock said it will offer proxy voting choices to U.S. retail investors of its biggest exchange-traded fund, expanding a strategy that could blunt criticism of how the firm considers environmental, social and governance (ESG) matters.
A representative for New York-based BlackRock said it plans to announce on Monday that investors in its iShares Core S&P 500 ETF (IVV.P) will be able to chose among a range of policies to determine how the fund votes their shares at corporate annual meetings.
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Source: reuters.com
Pacer ETFs Surpasses $25B Milestone in Assets Under Management
July 17, 2023--The firm continues impressive growth trajectory with a 25% increase in assets year to date
Industry leading ETF provider Pacer ETFs announces today that the firm has surpassed $25B in assets under management as of July 11, 2023.
This achievement is particularly noteworthy as the firm celebrated its $20B AUM milestone in January of this year, delivering a 25% growth rate in less than 7 months. Pacer accomplished this impressive rise to $25 billion AUM in just 8 years since its inception in 2015.
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Source: Pacer ETFs
