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NEOS Investments Launches Suite of Next Evolution Options Income ETFs
August 30, 2022---Founded by Options-based ETF pioneers, NEOS ETFs are designed to offer tax-efficient monthly income while providing exposure to core portfolio building blocks
NEOS Investments ("NEOS"), a global asset manager led by a highly experienced team that previously built and grew numerous options-based ETFs currently in the market, is today launching its initial suite of next evolution income ETFs:
NEOS S&P 500 High Income ETF (SPYI);
NEOS Enhanced Income Aggregate Bond ETF (BNDI); and
NEOS Enhanced Income Cash Alternative ETF (CSHI).
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Source: NEOS Investments
Cambria ETF Trust files with the SEC-Cambria Shareholder Yield ETF
August 29, 2022-Cambria ETF Trust has filed a Form 497K-Summary Prospectus with the SEC for the Cambria Shareholder Yield ETF.
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Source: SEC.gov
BlackRock Launches iShares Neuroscience and Well being Care ETF
August 28, 2022--BlackRock launched a brand new thematic ETF on the New York Inventory Alternate on Friday, the iShares Neuroscience and Healthcare ETF (IBRN), which the agency mentioned is the primary ETF centered on neuroscience and the expansion and innovation associated to the therapy of neurological ailments.
The fund, with a 0.47% expense ratio, seeks to trace the funding outcomes of an index designed to measure U.S. and non-U.S. firms within the neuroscience sphere. Its benchmark is the NYSE FactSet International Neuro Biopharma and MedTech Index.
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Source: insurenews.live
SEC Issues First Fee Rate Advisory for Fiscal Year 2023
August 26, 2022--The Securities and Exchange Commission announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $92.70 per million dollars to $110.20 per million dollars, effective Oct. 1.
The new fee rate will be applicable to the registration of securities under Section 6(b) of the Securities Act of 1933, the repurchase of securities under Section 13(e) of the Securities Exchange Act of 1934, and proxy solicitations and statements in corporate control transactions under Section 14(g) of the Securities Exchange Act of 1934.
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Source: SEC.gov
Fund managers oppose changes to SEC's 'names rule'
August 25, 2022-Feedback on US regulator's proposal includes concerns about companies being forced to be more active or passive
Asset management companies are opposing proposed changes to the US Securities and Exchange Commission's "names rule", with active managers arguing that it could water down their processes.
Index managers have also raised concerns, saying that the proposed changes could make their funds too much like actively managed strategies.
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Source: ft.com
AdvisorShares Expands Cannabis ETF Offerings, Launches MSOS 2x Daily ETF (Ticker: MSOX)
August 24, 2022--Designed for sophisticated investors, MSOX seeks investment returns two-times the daily performance of the AdvisorShares Pure US Cannabis ETF (Ticker: MSOS)
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs) and the largest cannabis fund manager, today announced that the AdvisorShares MSOS 2x Daily ETF (Ticker: MSOX) will begin trading today.
MSOX seeks daily investment results that, before fees and expenses, correspond to two times (2x) the daily total return of the AdvisorShares Pure US Cannabis ETF (Ticker: MSOS). MSOX does not seek to achieve its stated investment objective over a period of time greater than a single day. MSOX is designed for sophisticated investors looking to gain magnified exposure to the U.S. cannabis sector.
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Source: AdvisorShares
BlackRock Launches Industry's First BuyWrite Fixed Income ETFs
August 22, 2022--Delivers Innovative Access to Treasury, High-Yield and Corporate Credit Markets
BlackRock today launched a first-of-its-kind suite of fixed income ETFs that provide access to buy-write investment strategies on baskets of fixed income securities: the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (Cboe: TLTW), iShares High Yield Corporate Bond BuyWrite Strategy ETF (Cboe: HYGW) and the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (Cboe: LQDW).
Each ETF packages two potential income sources into one ticker-premiums generated by selling monthly call options on the underlying ETFs (TLT, HYG and LQD) and the yields from each of the underlying ETFs themselves.
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Source: BlackRock
Commodity ETF providers aim for green niche
August 19, 2022--Recent launches focus on clean energy and sustainable factors
Gold can be green -as can silver, copper, nickel and even lead used in batteries.
And ETF managers are hoping investors interested in sustainability and clean energy development will take a shine to some new commodity ETFs.
In the past six weeks, two gold ETFs have hit the market that are focused on more environmentally and socially conscious resource extraction. Sprott Asset Management's ESG Gold ETF, which launched two weeks ago, sources its gold from miners meeting its own ESG screening criteria, fund filings show.
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Source: ft.com
AZTLAN Equity Management launches the AZTLAN Global Stock Selection DM SMID ETF (ticker: AZTD)
August 18, 2022-- The fund seeks to track the performance, before fees and expenses, of the Solactive Aztlan Global Developed Markets SMID Cap Index (the "Index"), which uses a factor-based approach.
AZTLAN Equity Management, LLC (AZTLAN), an independent investment management firm specializing in global small and mid-cap (SMID) equity strategies, in partnership with Tidal ETF Services, LLC (Tidal), launches the AZTLAN Global Stock Selection DM SMID ETF (NYSE: AZTD). The passively managed fund seeks to track the performance, before fees and expenses, of the Solactive Aztlan Global Developed Markets SMID Cap Index.
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Source: AZTLAN
Minutes of the Federal Open Market Committee, July 26-27, 2022
August 17, 2022--Developments in Financial Markets and Open Market Operations
The deputy manager turned first to a discussion of financial market developments. Financial markets over the intermeeting period reflected elevated uncertainty about the outlook. Most market participants appeared to view a moderation of inflation and slower, but still positive, economic growth ahead as the most likely scenario.
However, investors appeared to be increasingly attentive to downside risks to the economy in light of the potential for shocks from abroad and the continued upside surprises to inflation.
On net, financial conditions eased modestly over the period but remained substantially tighter than at the start of the year. Treasury yields fell, reflecting expectations of slower growth as well as a decline in inflation compensation. Respondents to the Open Market Desk's surveys of primary dealers and market participants marked down their growth forecasts for 2022 and 2023 and attached higher odds than in the June survey to the possibility that the U.S. economy could enter a recession in coming quarters.
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Source: federalreserve.gov