Americas ETP News
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US investors shun currency-hedged ETFs despite outsized returns
January 24, 2022--Collective assets under management are down by almost three-quarters since their high in 2015
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Source: ft.com
Pacer Advisors, Inc. to Close and Liquidate the Pacer Salt truBeta ETFs (SLT and LSLT)
January 20, 2022-After careful consideration, the Board of Trustees of Pacer Funds Trust has determined to close and liquidate the Pacer Salt High truBeta US Market ETF (CBOE: SLT) and the Pacer Salt Low truBeta US Market ETF (CBOE: LSLT) (the "Funds"). Pacer Advisors, Inc. ("Pacer Advisors") serves as the investment adviser to the Funds.
The Funds will be closed to orders for new creation units as of February 23, 2022, and the last day of trading of the Funds shares on the CBOE Exchange will be February 24, 2022. From February 16, 2022, through February 24, 2022, 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. Customary brokerage charges may apply to such transactions. The Funds will liquidate on or around February 24, 2022 (the "Liquidation Date").
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Source: Pacer
Amberwave Partners Launches iUSA Exchange Traded Fund to Drive Investment in American Jobs, Security, Growth
January 20, 2022-- Emerging asset manager Amberwave Partners (Amberwave) today launched its first exchange traded fund (ETF), the Amberwave Invest USA JSG Fund (iUSA /NYSE: $IUSA), to drive value-based impact investment centered on the universal priorities of supporting American jobs, security, and growth (JSG).
JSG investing is an emerging asset management ecosystem that emphasizes American jobs, national security, and economic growth and is strategically designed to help enhance the lives of all Americans and their communities.
"At Amberwave Partners, we believe our JSG investing strategy will give investors the ability to direct their savings towards companies that create opportunities in the job market, reinforce supply chains, and contribute to long-term American economic growth- all while seeking to provide returns, " said Amberwave co-founder Dan Katz.
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Source: Amberwave Partners
Direxion Launches New Daily 2X Leveraged ETFs: FNTC, ONG and EVEN
January 20, 2022--Direxion (www.direxion.com) launched:
Direxion Daily FinTech Bull 2X Shares (Ticker: FNTC)
Direxion Daily Oil Services Bull 2X Shares (Ticker: ONG)
Direxion Daily S&P 500(R) Equal Weight Bull 2X Shares (Ticker: EVEN)
The Funds seek to achieve 200% of the daily performance of the Indxx US Fintech and Decentralized Finance Index, MVIS US Listed Oil Services 25 Index and S&P 500(R)Equal Weight Index, respectively.
The Indxx US Fintech and Decentralized Finance Index includes companies offering technology-driven financial services, and facilitating a decentralized finance infrastructure, that are disrupting existing business models in the financial services industry in the United States. Included are the following sub-themes: Digital Payments, Point-of-Sale (POS) , Personal Finance Software and Credit/Debit Card Issuers, Tax Compliance Software and Backend Payment Processing, Decentralized Finance, Financial Enterprise Solutions, and Peer-to-Peer Lending and Crowdfunding.
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Source: direxion.com
SoFi gets approval to become a bank
January 19, 2022--Online lender SoFi Technologies has received approval from US regulator to become a bank holding company.
The Office of the Comptroller of the Currency and the Federal Reserve have approved SoFi's applications to become a bank through its proposed acquisition of Golden Pacific Bancorp.
SoFi agreed to buy the Californian community bank for $22.3 million last year specifically to help it obtain a bank charter. That acquisition is now set to close in February.
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Source: finextra.com
U.S. Global Investors Announces the Launch of the U.S. Global Sea to Sky Cargo ETF (SEA)
January 19, 2022--U.S. Global Investors, Inc. (Nasdaq: GROW) ("the Company"), a registered investment advisory firm that
focuses on specialized markets around the world, is excited to announce that its U.S. Global Sea to Sky Cargo ETF (SEA) will begin trading tomorrow, January 20, on the New York Stock Exchange (NYSE).
SEA seeks to provide diversified access to the global sea shipping and air freight industries. Consisting of common stocks listed on developed and emerging market exchanges across the globe, the ETF uses a smart-beta 2.0
strategy to determine the most efficient sea shipping and air freight
companies in the world. Cargo ships represent approximately 70% of the ETF,
while air freight companies represent roughly 30%.
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Source: bloomberg.com
WisdomTree Announces AI Enhanced Value Funds (AIVL & AIVI)
January 18, 2022--Actively managed value strategies seek to leverage machine learning approach from Voya's Equity Machine Intelligence (EMI) proprietary model
WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product ("ETP") sponsor and asset manager, today announced that WisdomTree's U.S. Dividend ex-Financials Fund (DTN) and International Dividend ex-Financials Fund (DOO) have been restructured into WisdomTree's U.S. AI Enhanced Value Fund (AIVL) and International AI Enhanced Value Fund (AIVI).
Both Funds are available on the NYSE with expense ratios of 0.38% and 0.58%, respectively. The WisdomTree AI Enhanced Value Funds utilize the Equity Machine Intelligence (EMI) proprietary model of Voya Investment Management Co., LLC ("Voya"), each Fund's sub-adviser. The EMI model applies data science and artificial intelligence (AI) to fundamental value investing within a dynamic investment process.
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Source: WisdomTree
ETF Industry Leader Kevin Kelly Launches New Business, Introduces Cutting-Edge Suite of ETFs
January 13, 2022--Inaugural products focus on emerging and transformative industries, including gene editing, hospitality and residential real estate
Kelly ETFs, a new exchange-traded fund (ETF) issuer that seeks to bring forward-looking and disruptive investment products to market, officially launches today.
The firm's first round of innovative ETFs also began trading, including:
The Kelly CRISPR & Gene Editing Technology ETF (Nasdaq: XDNA). XDNA is designed to capitalize on the next generation of healthcare by investing in companies disrupting the genomic and life science industries. The fund seeks to track the Strategic CRISPR & Gene Editing Technology Index, which measures the performance of developed market companies that specialize in DNA modification systems and technologies.
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Source: Kelly ETFs
Avantis Investors Launches U.S. Small Cap Equity ETF
January 13, 2022-- Avantis Investors(R), a $9.2 billion* investment offering from global asset manager American Century Investments(R), today announced the expansion of its investment capabilities with the launch of its latest exchange traded fund, Avantis U.S. Small Cap Equity ETF (AVSC).
AVSC, listed on the New York Stock Exchange (NYSE Arca, Inc.), relies on a proprietary systematic investment approach that combines the latest in financial science with common sense investment principles. Its expense ratio is .25%.
"As one of the fastest-growing ETF issuers in the industry, we're excited to announce an expansion of the investment offerings from Avantis Investors,"said Avantis Chief Investment Officer Eduardo Repetto.
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Source: American Century Investments
Dynamic Shares Announces Launch of Its First ETF: Dynamic Short Short-term Volatility Futures ETF
January 13, 2022-Proprietary Trading Firm Launches ETF Focused on Calculated Volatility Shorting
Dynamic Shares, an affiliate company of successful proprietary trading firm ARB Trading Group, today announced the launch of its first ETF: WEIX (Dynamic Short Short-Term Volatility Futures ETF).
Dedicated to democratizing access to sophisticated trading strategies, Dynamic Shares designed WEIX in an attempt to offer investors a better risk managed solution to shorting volatility than traditional passively managed short VIX Exchange Traded Funds. WEIX offers convenient access to an institutional-caliber investment strategy which attempts to capitalize on a structural opportunity to sell volatility that is created by equity hedging imbalances.
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Source: Dynamic Shares
