Americas ETP News
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Vanguard active funds suffer bloodiest first-half on record
August 15, 2022--Investors pulled $54.3bn from the manager's active mutual funds-more than from any other provider
Vanguard's active mutual funds had their bloodiest first half ever, data indicates, even as its passive products enjoyed inflows.
Investors pulled $54.3bn from the firm's 71 active mutual funds during the first six months of 2022, the most of any fund complex, according to Morningstar Direct, and the worst it has ever recorded on its database, which goes back to 1993.
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Source: ft.com
Meme and thematic ETFs surge as inflation fears dip
August 15, 2022--Legislation paving the way for a boom in clean energy has powered strong performance in related funds
Beaten-up meme and thematic stock exchange traded funds have made dramatic gains in recent weeks, buoyed by signs of a possible peak in inflation and legislation paving the way for a boom in clean energy.
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Source: ft.com
ETFs shine brighter than mutual funds after brutal first half
August 12, 2022--Tax-loss harvesting is poised to accelerate exchange traded fund adoption in the US
ETF providers may find a silver lining after 2022's brutal first half with some US investors who took significant losses in mutual funds during the period looking to transition their assets to ETFs, executives said.
This is particularly true with fixed-income funds, which during the first six months of this year experienced the worst drawdown the products have seen in 30 years, executives said.
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Source: ft.com
Innovator Lists the Uncapped Accelerated U.S. Equity ETF (XUSP), a Long-Term Core Equity Solution for Advisors
August 11, 2022--XUSP's investment strategy seeks long-term outperformance of SPY by producing accelerated returns from positive equity market environments exceeding performance thresholds
Rules-based fund constructed in an effort to provide structural alpha without an upside cap, leverage, nor market timing
New Managed Outcome ETFTM intended to be part of a core equity portfolio as an alternative for active managers, high conviction stock selection strategies and momentum funds
Allocators can express bullish views on Large-cap U.S. stocks with XUSP
Innovator Capital Management, LLC (Innovator) the pioneer and leader of Defined Outcome ETFsTM, today announced the launch of the Innovator Uncapped Accelerated U.S. Equity ETF (XUSP) on the Cboe. XUSP will seek to provide investors with exposure to the SPDR S&P 500 ETF Trust (SPY) with a disciplined options overlay strategy.
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Source: bloomberg.com
BlackRock launches spot bitcoin private trust for U.S. clients
August 11, 2022--BlackRock Inc (BLK.N), the world's biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on its website.
The trust will track the performance of bitcoin, offering direct exposure to the price of the digital currency, BlackRock said.
"Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets," the company said.
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Source: reuters.com
ETFGI reports the ETFs industry in Canada gathered net inflows of US$1.52 billion in July 2022
August 11, 2022--August 11, 2022--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs industry in Canada gathered net inflows of US$1.52 billion during July, bringing year-to-date net inflows to US$16.79 billion.
During the month, Canadian ETF assets increased by 5.8%, from US$243 billion at the end of June to US$257 billion, according to ETFGI's July 2022 Canadian 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
Net inflows of $1.52 Bn in July 2022.
Net inflows of $16.79 Bn during 2022 are the third highest on record, after YTD net inflows of $28.60 Bn in 2021 and YTD net inflows of $21.71 Bn in 2020.
Assets of $257 Bn invested in ETFs listed in Canada at the end of July 2022.
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Source: ETFGI
Direxion Launches Daily 2X Leveraged Electric and Autonomous Vehicle ETF: EVAV
August 11, 2022--EVAV Provides 200% Exposure to Electric and Autonomous Vehicles Industry
Direxion, a leading provider of tradeable and thematic ETFs, today announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (Ticker: EVAV). The Fund seeks to achieve 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index.
The Indxx US Electric and Autonomous Vehicles Index provides exposure to 25 U.S.-listed companies poised to disrupt the existing transportation market by bringing new and cleaner modes of transportation, such as electric and autonomous vehicles. It includes companies beyond vehicle manufacturers to paint a more holistic picture of the rapidly expanding industry.
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Source: Direxion
EQM Indexes Launches Natural Resources Dividend Income Index
August 10, 2022--The EQM Natural Resources Dividend Income Index is designed to generate the highest level of income from equity positions in natural resource and commodity-related industries.
San Diego-based index development firm EQM Indexes LLC is launching a groundbreaking new index, the EQM Natural Resources Dividend Income Index (NDIVITR), providing exposure to global public companies in natural resource and commodity-related industries generating high income supported by free cash flow.
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Source: EQM Indexes LLC
SoFi Launches First-of-its-Kind Web 3 ETF and a Smart Energy ETF to Empower People to Invest in the Future
August 9, 2022--SoFi's new ETFs join a robust lineup of funds designed to make investing more accessible to everyone
SoFi Technologies, Inc. ("SoFi"), the digital personal finance company, today announced that SoFi Invest1 is launching two new ETFs, SoFi Web 32 (NASDAQ: TWEB) and SoFi Smart Energy (NYSE: ENRG), designed to make it easier than ever for people to invest in two of the world's fastest-growing industries and put their dollars into the causes and technology they are most excited about.
"Our selection of SoFi-branded ETFs enables us to offer accessible, affordable and diversified investments designed with our members in mind, which has proved especially important for the influx of new investors we've welcomed recently," said Anthony Noto, CEO of SoFi.
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Source: SoFi
Vanguard Steals BlackRock Crown for World's Biggest Bond ETF
August 9, 2022--BND surpasses AGG in assets as the latter sheds cash
AGG's expense ratio was cut in April to match BND's fee
Vanguard Group has ushered in a new world order in the fixed-income exchange-traded fund arena.
The Vanguard Total Bond Market ETF (ticker BND), with assets of roughly $83.8 billion, has surpassed the $83.2 billion iShares Core US Aggregate Bond ETF (AGG) to become the world's biggest bond ETF, Bloomberg data show.
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Source: bloomberg.com
