VanEck ETF Trust files with the SEC-VanEck Office and Commercial REIT ETF
June 29, 2023-VanEck ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the VanEck Office and Commercial REIT ETF.
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iM Global Partner Launches New Dividend Growth Fund Active ETF with Berkshire Asset Management (BDVG)
June 29, 2023--iM Global Partner (iMGP) and its Partner Berkshire Asset Management (BAM) will launch a new dividend growth exchange traded fund (ETF) on the New York Stock Exchange on June 30.
The iMGP Berkshire Dividend Growth Equity ETF (BDVG) is an active, fully transparent ETF that seeks to achieve its objective by investing in dividend-paying equity securities, with an emphasis on stocks that have a strong track record of paying dividends or that are expected to increase their dividends over time.
This new ETF will leverage the same dividend growth investment strategy that BAM has managed in a separate account format for the past 14 years for high net worth and institutional investors in the US.
Avantis Investors Launches Four New Active ETFs
June 29, 2023--Today, Avantis Investors, a $25 billion* investment offering from global asset manager American Century Investments, expands its exchange traded fund (ETF) platform with the listing of four new actively managed ETFs: Avantis All Equity Markets Value ETF (AVGV), Avantis All International Markets Equity ETF (AVNM), Avantis All International Markets Value ETF (AVNV) and Avantis Moderate Allocation ETF (AVMA).
Each fund seeks long-term capital appreciation and is listed on the New York Stock Exchange (NYSE Arca, Inc.).
"It has always been our goal to offer a well-rounded suite of value-added funds for investors," said Avantis Chief Investment Officer Eduardo Repetto. "We are excited to add these four new ETFs to our lineup and expand the range of low-cost, tax-efficient solutions available to our clients."
All four ETFs are "fund of funds," and utilize a range of existing Avantis ETFs to build out multi-region and multi-asset class solutions.
Nushares ETF Trust files with the SEC-Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF
June 29, 2023-Nushares ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF.
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BlackRock Canada Announces Risk Rating Updates for Certain iShares Exchange-Traded Funds
June 29, 2023--BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. ("BlackRock") (NYSE:BLK) today announced an update to the investment risk ratings of certain iShares exchange-traded funds ("iShares ETFs"). Capitalized terms not otherwise defined in this press release have the meaning ascribed to them in the Prospectus.
Risk Rating Updates
BlackRock Canada has updated the investment risk ratings of the iShares ETFs, or class of the iShares ETF, as applicable, listed below, effective on or about June 29, 2023
Invesco Announces Fee Reductions and Fee Waivers for three ETFs
June 28, 2023--PLW to reduce fees; ICLO and GTO implement fee waivers
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, has announced that it will implement a management fee reduction or fee waiver for three ETFs as further outlined below. These changes reflect Invesco's commitment to continually evaluate its product line and provide a better investment experience for its clients.
Effective at market open on June 26, Invesco's management fee for Invesco 1-30 Laddered Treasury ETF (PLW) was reduced from 25 bps to 15 bps.
Effective at market open on June 28, Invesco has agreed to waive a portion of its management fee through Aug. 31, 2025, for Invesco Total Return Bond ETF (GTO) and waive its entire management fee through Dec. 31, 2023, for Invesco AAA CLO Floating Rate Note ETF (ICLO). After giving effect to such waiver, GTO's net unitary management fee will be 25 basis points and ICLO's total expense ratio will be 0 basis points through Dec. 31, 2023.
J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan Hedged Equity Laddered Overlay ETF
June 28, 2023-J.P. Morgan Exchange-Traded Fund Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the JPMorgan Hedged Equity Laddered Overlay ETF.
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Cambria ETF Trust files with the SEC
June 28, 2023--Cambria ETF Trust has filed a post-effective amendment, registration statement with the SEC.
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Cambria ETF Trust files with the SEC
June 28, 2023-Cambria ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC.
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ETF Opportunities Trust files with the SEC-Tuttle Capital 2X Inverse Regional Banks ETF
June 28, 2023--ETF Opportunities Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Tuttle Capital 2X Inverse Regional Banks ETF.
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Fidelity Covington Trust files with the SEC
June 28, 2023--Fidelity Covington Trust has filed a post-effective amendment, registration statement with the SEC.
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CBO-The 2023 Long-Term Budget Outlook
June 28, 2023--The U.S. faces a challenging fiscal outlook in the coming years, according to CBO's projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level.
Deficits
In CBO's projections, the deficit equals 5.8 percent of gross domestic product (GDP) in 2023, declines to 5.0 percent by 2027, and then grows in every year, reaching 10.0 percent of GDP in 2053. Over the past century, that level has been exceeded only during World War II and the coronavirus pandemic. The increase in the total deficit results from faster growth in spending than in revenues.
BMO Launches +/- 3X MAX Auto Industry Exchange Traded Notes on NYSE Arca
June 28, 2023-BMO today announced the launch of two new MAX Exchange Traded Notes ("ETNs"). MAX offers sophisticated investors efficient, tactical leveraged exposure to stocks in specific market sectors to manage risk and potentially enhance returns.
The two new MAX ETNs are linked to the performance of the Prime Auto Industry Index. The MAX Auto Industry 3x Leveraged ETNs (ticker: CARU) and MAX Auto Industry -3x Inverse Leveraged ETNs (ticker: CARD) will start trading today on NYSE Arca.
Innovator ETFs Trust files with the SEC-Innovator Equity Defined Protection ETF-2 Yr to July 2025
June 28, 2023-Innovator ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Innovator Equity Defined Protection ETF- 2 Yr to July 2025.
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Investment Managers Series Trust II files with the SEC-AXS Cannabis ETF
June 28, 2023-Investment Managers Series Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the AXS Cannabis ETF.
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