Americas ETP News
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Purpose Investments files preliminary prospectus for a tactical thematic fund
October 4, 2023--New Fund will seek to leverage the growth opportunities of thematic ETFs with a systematic sell discipline.
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Source: Purpose Investments Inc.
Calamos, the Largest US Convertibles Manager, Launches CVRT, the Firm's First Active Convertibles ETF
October 4, 2023--The Calamos Convertible Equity Alternative ETF (CVRT) provides targeted exposure to the equity-sensitive segment of the US convertibles universe.
First of its kind, the new convertibles-based ETF will deliver more than four decades of Calamos' expertise in an ETF structure.
CVRT is an intelligent ETF solution with an active edge that seeks improved risk/reward over owning small and mid-cap growth stocks outright.
Calamos Investments LLC* ("Calamos"), a global investment manager, today announced the launch of the Calamos Convertible Equity Alternative ETF (NYSE Arca: CVRT) the first product of its kind to provide investors with targeted access to equity-sensitive convertibles in a liquid, transparent, and tax-efficient ETF framework.
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Source: Calamos Investments
Asset managers see ETFs as biggest opportunity among investment vehicles-Cerulli
October 3, 2023--For the first time, ETFs are viewed by asset managers as affording the biggest opportunity among investment vehicles, taking the lead over institutional separate accounts, according to Cerulli Associates' most recently released U.S. monthly product trends report.
The report is based on data from Cerulli's annual Products & Strategies survey, according to Matt Apkarian, associate director, product development, at Cerulli.
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Source: pionline.com
Roundhill BIG Tech ETF Adds Tesla, Nvidia Positions, Offering Dedicated Exposure to the "Magnificent Seven"
October 2, 2023--BIGT is the first U.S. ETF to offer investors precise exposure to the "Magnificent Seven" stocks.
Roundhill Investments ("Roundhill"), a leading provider of innovative financial products, announced that it has reconstituted the Roundhill BIG Tech ETF (NASDAQ: BIGT) to include exposure to Tesla and Nvidia.
The BIGT ETF now offers equal weight exposure to the "Magnificent Seven" stocks: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
Dave Mazza, Roundhill Chief Strategy Officer, commented: "BIGT has delivered for investors since launch, but investors made it clear that they want an investment option that offers precise exposure to the 'Magnificent Seven' stocks."
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Source: Roundhill Investments
Ether futures ETFs hit the market as SEC mulls next steps on bitcoin fund
October 2, 2023--Ether is already the second most popular crypto currency, behind bitcoin, but the arrival of the ETFs may make it easier for certain types of investors to gain exposure to that part of the crypto market.
Bitcoin futures ETFs already exist, led by the ProShares Bitcoin Strategy ETF (BITO), which holds about $900 million in assets.
The launch of the ether futures products may lead to optimism that spot bitcoin products will be approved.
The number of ETFs tied to cryptocurrencies is expanding dramatically in the first week of October, with a wave of funds that buy ether futures launching on Monday.
Ether is already the second most popular crypto currency, behind bitcoin, but the arrival of the ETFs may make it easier for certain types of investors to gain exposure to that part of the crypto market.
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Source: cnbc.com
AETH and BTOP, Two First-of-Their-Kind Ethereum Futures ETFs From Bitwise, Launch Today
October 2, 2023--"AETH and BTOP unlock access to the world's most interesting crypto asset with confidence, through regulated ETFs," said Bitwise CEO Hunter Horsley. "The two funds continue to expand Bitwise's leading suite of crypto products, providing investors with a wide set of options for accessing opportunities in the space."
Bitwise Asset Management, the largest crypto index fund manager in America, announced today the launch of two groundbreaking Ethereum-themed ETFs: the Bitwise Ethereum Strategy ETF (ticker: AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (ticker: BTOP). With the launch, investors can for the first time gain exposure to Ethereum futures through the widely popular and regulated ETF format.
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Source: Bitwise Asset Management
Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
October 2, 2023--Bitcoin slumped below $28,000, and ether dipped below $1670.
Bitcoin (BTC) ended the first U.S. trading day of the week in the green, but it gave up some gains as the U.S. 10-year yield spiked to its highest level in more than 16 years.
In the last 24 hours, the world's largest digital asset dipped into the red and is down by 1.57%. Meanwhile, the much-hyped ether futures exchange-traded funds (ETFs) failed to capture the interest of investors, with low volumes reported on their first day of trading.
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Source: coindesk.com
IMF Working Paper-Identifying News Shocks from Forecasts
September 29, 2023--We propose a method to identify the anticipated components of macroeconomic shocks in a structural VAR. We include empirical forecasts about each time series in the VAR. This introduces enough linear restrictions to identify each structural shock and to further decompose each one into "news" and "surprise" shocks.
We estimate a VAR on US time series using forecast data from the SPF, CBO, Federal Reserve, and asset prices.
Unanticipated fiscal stimulus and interest rate shocks we identify have typical effects that match existing evidence. In our news-surprise decomposition, we find that news drives around one quarter of US business cycle volatility. News explains a larger share of the variance due to fiscal shocks than for monetary policy shocks. Finally, we use the news structure of the shocks to estimate counterfactual policy rules, and compare the ability of fiscal and monetary policy to moderate output and inflation. We find that coordinated fiscal and monetary policy are substantially more effective than either tool is individually.
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Source: imf.org
ETFGI reports ETFs industry in the United States gathered net inflows of US$15.37 billion US in August
September 25, 2023- ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in the United States gathered US$15.37 billion in net inflows during August, bringing year-to-date net inflows to US$300.04 billion.
Assets have increased 14.5% year-to-date in 2023, going from $6.51 trillion at end of 2022 to $7.45 trillion, according to ETFGI's August 2023 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
ETFs industry in the United States gathered net inflows of $15.37 Bn in August.
YTD net inflows of $300.04 Bn are the third highest on record, while the highest recorded YTD net inflows are of $594.41 Bn for 2021 and YTD net inflows of $386.21 Bn in 2022.
16th month of consecutive net inflows.
Assets of $7.45 Tn invested in the ETFs industry in the United States in August.
Assets increased 14.5% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.45 Tn.
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Source: ETFGI
Nick King appointed to lead Robeco's ETF introduction
September 25, 2023--Robeco today announces the appointment of Nick King as Head of Exchange Traded Funds (ETFs), as per October. As part of its 2021-2025 Strategy, Robeco is planning to expand its current investment capabilities with an ETF platform.
Nick King brings valuable experience to Robeco, having previously served in senior roles at Fidelity International and BlackRock, where he specialized in ETF product development, portfolio management, and distribution across various asset classes. King's expertise will be key in steering Robeco's development into the ETF market.
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Source: robeco.com
