Americas ETP News
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Apollo's private credit ETF claims to have squared the circle
February 28, 2025-Even the most advanced financial engineering may not be able to solve the almost immutable laws of financial markets
Thursday marked an almost moon-landing level event on Wall Street. An exchange traded fund partially including illiquid private credit, managed by State Street and affiliated with Apollo Global Management, started trading with an unprecedented level of flexibility for investors.
By the evening, the US Securities and Exchange Commission had written a letter casting doubt on how the plumbing worked. It even wondered if the ETF could fairly utilise the branding of Apollo, where, by coincidence, former SEC chair Jay Clayton happens to be on the board.
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Source: ft.com
State Street launches Apollo private credit ETF
February 27, 2025-State Street Global Advisors' much-anticipated private credit exchange-traded fund, developed with alternative investment firm Apollo Global Management, began trading on the New York Stock Exchange on Thursday.
The SPDR SSGA Apollo IG Public & Private Credit ETF is the first product offering retail investors direct access to a diversified portfolio of private credit assets.
"Having those private assets is fundamental to being able to build a healthy portfolio nowadays," said Michael Weisz, CEO of YieldStreet, a private market investment platform. Private credit has been an established asset class for at least 30 years, he added. "Now the ETF delivery mechanism allows ordinary investors to add it to their portfolios."
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Source: reuters.com
ERShares Expands Access to High-Growth Private Companies and Sets a New Standard for Private Equity Valuation in ETFs
February 26, 2025-ERShares, the issuer of the XOVR ETF, the first exchange-traded fund to integrate private equity into its portfolio, continues to lead the financial industry with an innovative investment strategy. With a diversified portfolio that includes SpaceX (currently 10% of total holdings) and exposure to Klarna, a leading fintech company preparing for its IPO, ERShares is setting a new standard for investor access to high-growth private companies.
Bridging the Gap Between Private and Public Markets
In a recent interview on Fox Business, Eva Ados, Chief Investment Strategist at ERShares, discussed the growing issue of private companies remaining private longer and limiting access for retail investors.
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Source: ERShares
Exchange Traded Concepts to Close and Liquidate The Optica Rare Earths & Critical Materials ETF (NYSE:CRIT)
February 21, 2025-After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser has recommended, and the Board of Trustees of Exchange Traded Concepts Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about March 21, 2025 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on March 17, 2025, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about March 18, 2025. From March 17, 2025 through the last day of trading, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period.
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Source: Exchange Traded Concepts, LLC
Innovations expected to turbo-charge crypto ETF industry
February 20, 2025-Participants say favourable regulatory environment could lead to enthusiasm for diversified indices of digital tokens.
By most measures the launch of bitcoin exchange traded funds in the US has been a rip-roaring success, but industry participants say coming innovations will turbo-charge the crypto ETF industry further still.
Just over a year on from their debut, US-listed bitcoin ETFs hold $120bn of assets. The largest, the $57bn iShares Bitcoin Trust (IBIT), was the world's fastest ETF to get to $10bn, $25bn and $50bn in AUM, has surpassed iShares' Gold Trust and is closing in on the $80bn SPDR Gold Shares (GLD) as the planet's largest commodity exchange traded product.
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Source: ft.com
Fidelity Rides Model-Portfolio Boom as ETF Takeover Gathers Pace
February 20, 2025-Industry assets to hit $11.8 trillion by 2028, Broadridge says
Driver of big demand coincides with explosive growth of ETFs
Investments in ETFs within Fidelity's custom model portfolios have reached 51% at the end of last year.
Fidelity Investments is the latest asset manager to ramp up its model-portfolio business as demand for off-the-shelf and customized investment strategies across asset classes continues to pick up.
The company is launching Target Risk ETF Model Portfolios and the Target Allocation ETF Model Portfolios, two strategies that offer investors exposure to equities, bonds or alternatives by tracking a blend of active and passive exchange-traded funds, according to a Thursday press release. Both are open-architecture, which allows the portfolios to hold products apart from their own.
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Source: bloomberg.com
Invesco Launches the Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE)
February 20, 2025-PIPE offers exposure to midstream energy infrastructure equities through an actively managed ETF
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today the launch of the Invesco SteelPath MLP & Energy Infrastructure ETF (Ticker: PIPE).
The actively managed ETF will offer access to energy infrastructure equities and midstream Master Limited Partnerships (MLPs), delivering exposure to broad macro energy trends and increasing global demand, picked by the expert insight of Invesco SteelPath portfolio managers.
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Source: Invesco Ltd.
Franklin Templeton launches Bitcoin, Ether index ETF
February 20, 2025--Franklin Templeton's fund is the second crypto index ETF to hit this US market.
Franklin Templeton has launched an exchange-traded fund (ETF) holding both spot Bitcoin and Ether, the asset manager said on Feb. 20.
Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to hit the market after asset manager Hashdex launched its Nasdaq Crypto Index US ETF (NCIQ) on Feb. 14.
Franklin Templeton's EZPZ fund holds the basket of assets referenced in the US CF Institutional Digital Asset Index, which only tracks Bitcoin as of Feb. 20.
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Source: cointelegraph.com
BlackRock, Vanguard Pause Corporate Meetings to Avoid Violating SEC Guidance Targeting ESG Activism
February 19, 2025-BlackRock and Vanguard have paused their meetings with companies after the U.S. Securities and Exchange Commission (SEC) published guidance last week prohibiting investors from participating in environmental, social, and governance (ESG) activism.
The world's top two asset fund managers are concerned they may be in violation of the new SEC guidance, which their teams are in the process of reviewing. If found in violation, these companies could face legal investigations led by the Trump administration.
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Source: nationalreview.com
Abacus Life Completes the Rebranding of FCF Advisors with New ETF and Fee Reductions
February 19, 2025-Abacus Life, Inc. ("Abacus" or the "Company"), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announces the rebranding of FCF Advisors to Abacus FCF Advisors, a subsidiary of ABL Wealth.
This rebrand highlights the manager's position as a leader in free cash flow investing and analytics by pioneering the FCF Leaders Model, which serves as the foundation for the firm's quantitative investment process that identifies the most profitable companies. As part of the rebrand, Abacus FCF Advisors announced the launch of the Abacus FCF Small Cap Leaders ETF (ticker: ABLS), and management fee reductions of 5-10 basis points across all ETFs.
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Source: Abacus Life Settlements
