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Simplify Asset Management Launches the Simplify Tail Risk Strategy ETF (CYA)
September 14, 2021--New fund is designed as a standalone hedge that can help protect equity-dominated portfolios against significant market drawdowns
Simplify Asset Management ("Simplify"), an innovative provider of options-based Exchange Traded Funds ("ETFs"), today announced the launch of its newest ETF: the Simplify Tail Risk Strategy ETF (CYA).
CYA seeks to provide investors with a standalone solution for hedging against severe equity market selloffs. The fund deploys an advanced options overlay designed to handle multiple types of market dislocations and is structured in such a way that modest allocations to the fund may provide a total portfolio hedging solution.
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Source: Simplify Asset Management Inc
Dimensional Lists Two International Equity ETFs After Completing Its Second Mutual Fund-to-ETF Conversion of 2021
September 13, 2021--Dimensional Fund Advisors, a global leader in systematic investing, has announced the listing of two non-US-market exchange-traded funds (ETFs). Listed on the New York Stock Exchange (NYSE), the ETFs further extend the firm's offering of systematic active transparent ETFs.
'Today's listing further demonstrates our commitment to providing the financial professionals we work with a full suite of ETFs that complement our mutual fund and expanded separately managed accounts offerings," said Dimensional Co-CEO and Chief Investment Officer Gerard O’Reilly.
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Source: Dimensional Fund Advisors
Stimulus fears boost demand for ETF havens from inflation
September 13, 2021--A pickup in consumer prices has pushed more investors to look at hedging funds.
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Source: ft.com
VanEck Launches New Active Municipal Bond ETF (SMI) Focusing on Sustainable Development
September 10, 2021--SMI expands on VanEck's sustainability-focused fund line-up, providing investors the opportunity to pursue tax-exempt income with impact (ESG, SDGs, and Climate Action)
VanEck today announced the launch of the VanEck HIP Sustainable Muni ETF (CBOE: SMI), the first ETF designed to offer exposure to investment-grade municipal debt securities that focus on sustainability as well as positive social, environmental and economic outcomes or mission accomplishment.
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Source: VanEck
CBO-Monthly Budget Review: August 2021-The federal budget deficit was $2.7 trillion in the first 11 months of fiscal year 2021, CBO estimates-$295 billion less than the deficit during the same period last year
September 9, 2021--Summary
The federal budget deficit was $2.7 trillion in the first 11 months of fiscal year 2021, the Congressional Budget Office estimates-$295 billion less than the deficit recorded during the same period last year. Although outlays rose by an estimated $245 billion (or 4 percent), revenues rose more-by an estimated $539 billion (or 18 percent).
Programs and policies implemented in response to the coronavirus pandemic-notably, refundable tax credits (particularly the recovery rebates), expanded unemployment compensation, and the Small Business Administration’s Paycheck Protection Program-substantially boosted spending, both this year and last year. Outlays in the first 11 months of fiscal year 2021 were about $2.1 trillion more than spending during the same period two years earlier, in 2019. Outlays in 2020 rose almost as much. As a result, the deficits recorded during the first 11 months of 2020 and 2021 were significantly larger than the $1.1 billion shortfall recorded during the same period in fiscal year 2019.
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Source: CBO (Congressional Budget Office)
SEC panel recommends changes to insider trading rule, SPAC disclosure
September 9, 2021--The SEC's investor advisory committee approved recommendations Thursday to require a cooling-off period for corporate insiders buying and selling stocks and to more strictly enforce existing disclosure rules for special purpose acquisition companies, or SPACs.
The committee said the Securities and Exchange Commission should take the necessary steps to establish meaningful guardrails around the adoption, modification and cancellation of Rule 10b5-1 trading plans, concerning executive stock sales.
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Source: pionline.com
Global X ETFs Launches Solar ETF (RAYS) and Wind Energy ETF (WNDY) To Capture Rising Demand for Renewable and Clean Energy Sources
September 9, 2021--Global X ETFs, the New York-based provider of exchange traded funds (ETFs), today announced the launch of the Global X Solar ETF (RAYS) and the Global X Wind Energy ETF (WNDY). RAYS and WNDY are Global X's latest additions to its Thematic Growth family, which offers investors targeted exposure to companies around the world driving long term, paradigm-shifting themes.
The aggressive adoption of renewable energy production and clean technologies, driven by solar photovoltaic (PV) and wind power, is essential to climate change mitigation efforts. This adoption is already underway, with clean energy sources' share of global electricity production in the power sector continuing to gain on emissions-producing fossil fuels. Renewables' share of global electricity generation reached 29% in 2020, 2% more than at the end of 2019 and almost 10% more than at the end of 2010.i Decreasing technology costs, innovation and supportive policy have continued to propel the growth of solar and wind power, and this growth is likely to continue to accelerate over the coming decade.
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Source: Global X
PIMCO Launches New Actively Managed Muni ETF
September 9, 2021--The PIMCO Municipal Income Opportunities Active Exchange-Trade Fund is a core-plus municipal bond strategy1 that will invest in municipal debt across the credit spectrum
PIMCO, one of the world's premier fixed income investment managers, has launched the PIMCO Municipal Income Opportunities Active Exchange-Trade Fund (MINO), an actively-managed ETF that aims to invest primarily in attractive tax-advantaged investments across the U.S. municipal bond market.
The Fund is designed to be our highest income and return strategy among our municipal ETFs.
The fund is managed by David Hammer, Managing Director and PIMCO Head of Municipal Bond Portfolio Management; Rachel Betton, Senior Vice President and Portfolio Manager; and Kyle Christine, Vice President and Portfolio Manager.
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Source: PIMCO Investments LLC
SS&C ALPS Advisors Launches the ALPS Global Travel Beneficiaries ETF
September 9, 2021--JRNY may provide a holistic and more diversified exposure to the secular tailwinds in global travel
SS&C Technologies Holdings, Inc. today announced that SS&C ALPS Advisors, an asset manager and wholly-owned subsidiary of SS&C, launched the ALPS Global Travel Beneficiaries ETF (JRNY).
The Fund's strategy provides diversified exposure to the global travel industry, which historically has outpaced global GDP growth for nine consecutive years between 2011 and 20191.
"SS&C ALPS Advisors continues to build a compelling suite of thematic strategies for ETF investors," said Laton Spahr*, President of SS&C ALPS Advisors. "We believe global travel spending may improve as the global middle class expands and the desire to spend on experiences grows. Our new ETF may provide differentiated exposure to a potentially durable theme."
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Source: SS&C / ALPS Advisors
Janus Henderson Launches Five Actively Managed Sustainable Exchange Traded Funds
September 9, 2021--September 9, 2021--anus Henderson Group plc today announced the launch of five actively managed sustainable exchange-traded funds (ETFs) for investors in the U.S.
Janus Henderson's Sustainable ETF Solutions include three equity and two fixed income ETFs, including:
U.S. Sustainable Equity ETF (SSPX),
International Sustainable Equity ETF (SXUS),
Net Zero Transition Resources ETF (JZRO),
Sustainable Corporate Bond ETF (SCRD), and
Sustainable & Impact Core Bond ETF (JIB).
Actively managed by four established teams across three continents, the new ETFs draw on the firm's 30-year heritage of sustainable investing and commitment to providing differentiated ETF solutions. This launch is a part of Janus Henderson's significant efforts over the last two years to more centrally engage in a wide range of environmental, social and governance (ESG) related efforts within the firm's investment teams and client-facing professionals, as well as from a corporate perspective, and to grow its offering of actively managed ETFs.
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Source: Janus Henderson