Americas ETP News up to 1 year Ago
BlackRock ETF Trust files with the SEC-BlackRock U.S. Industry Rotation ET
March 21, 2024-BlackRock ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the BlackRock U.S. Industry Rotation ETF.
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Source: SEC.gov
Avantis Investors Launches New Active Emerging Markets ETF
March 21, 2024--Avantis Investors, a $40 billion* investment offering from global asset manager American Century Investments, expands its investment capabilities with the launch of a new exchange traded fund (ETF) today. Avantis Emerging Markets ex-China Equity ETF (AVXC) is now listed on the NASDAQ Exchange.
"We are excited about the debut of our latest ETF, AVXC, which marks our 28th active ETF launch since fall 2019," said Phil McInnis, chief investment strategist, Avantis Investors. "The continued adoption we see from investors across our range of offerings reinforces the belief we had when we started Avantis. Investors see value in low-cost, well-designed active strategies that combine the best elements of indexing with the potential to achieve better outcomes."
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Source: American Century Investments
Exchange Traded Concepts Announces Launch of BCIL ETF with Bancreek Capital Advisors
March 21, 2024--Exchange Traded Concepts is pleased to announce the launch of the Bancreek International Large Cap ETF (NYSE: BCIL). The Fund began trading on the New York Stock Exchange on 3/21/24.
This actively managed exchange-traded fund (ETF) seeks long-term capital appreciation by utilizing a rigorous, quantitative framework to invest in securities of large capitalization issuers outside of the United States.
Andrew Skatoff, Founder and CEO of Bancreek Capital Advisors, LLC, shares, "After the successful launch of our flagship ETF, Bancreek Large Cap U.S. ETF (NYSE: BCUS), we are thrilled to bring BCIL to the market. While BCUS focuses on U.S. listed companies, we believe there are also many wonderful businesses outside of the U.S. Unfortunately for investors, there are only a limited number of ETF options for the public to invest in a collection of these companies. With BCIL, we have deployed our proprietary framework and quantitative tools to make investing in structurally advantaged businesses outside the U.S. more accessible for investors."
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Source: Exchange Traded Concepts, LLC
Global X ETFs and CoinDesk Indices Launch First Bitcoin Trend Indicator in an ETF Wrapper
March 21, 2024--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), in partnership with CoinDesk Indices, a market-leading provider of digital asset indices since 2014, today launched the Global X Bitcoin Trend Strategy ETF (Ticker: BTRN). BTRN is the first ETF to leverage the CoinDesk Bitcoin Trend Indicator ("BTI") signal.
Digital assets represent a compelling option for portfolio allocation as adoption rates increase and new use cases are implemented. Bitcoin is the largest digital asset by market capitalization and has one of the most robust user networks.ii
"BTRN was designed to help navigate various market cycles by providing dynamic exposure to bitcoin futures based on bitcoin's current price trend. The simple, yet powerful idea behind trend strategies is that markets respond slowly to news and changes.
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Source: Global X Management Company LLC
TCW ETF Trust files with the SEC
March 20, 2024- TCW ETF Trust has filed an application for exemptive relief with the SEC.
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Source: SEC.gov
Pacer Funds Trust files with the SEC-Pacer Developed Markets Cash Cows Growth Leaders ETF
March 20, 2024-DBX Pacer Funds Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Pacer Developed Markets Cash Cows Growth Leaders ETF.
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Source: SEC.gov
CBO-The Long-Term Budget Outlook: 2024 to 2054
March 20, 2024--The Federal Budget
The deficit increases significantly in relation to gross domestic product (GDP) over the next 30 years, reaching 8.5 percent of GDP in 2054. That growth results from rising interest costs and large and sustained primary deficits, which exclude net outlays for interest.
Primary deficits are especially large given the forecast of low unemployment rates; those deficits average 0.6 percentage points of GDP more over the next 30 years than they did over the past 50 years.
Debt held by the public, boosted by the large deficits, reaches its highest level ever in 2029 (measured as a percentage of GDP) and then continues to grow, reaching 166 percent of GDP in 2054 and remaining on track to increase thereafter. That mounting debt would slow economic growth, push up interest payments to foreign holders of U.S. debt, and pose significant risks to the fiscal and economic outlook; it could also cause lawmakers to feel more constrained in their policy choices.
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Source: cbo.gov
Global X ETFs launches First Fixed Income ETF in Colombia
March 20, 2024--March 20, 2024-- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced that the firm has launched Colombia's first ever fixed income ETF-the Colombian Public Debt Stock ETF (GXTESCOL).
GXTESCOL provides investors with greater accessibility to the Colombian sovereign bond market in local currency.
The launch follows an evaluation process in which Global X ETFs was selected as the fund manager by the Colombian Ministry of Finance.
GXTESCOL seeks to offer greater accessibility to the Colombian sovereign bond market in local currency to investors while tracking the total return of the JPM GBI-EM Colombia Government Local Currency Bond Index. The fund will function as an Issue-Driven Exchange Traded Fund (ID ETF), a global initiative of the World Bank to support the development of domestic capital markets in emerging economies by collaborating with local partners and allowing local currency debt to be packaged into an ETF format. This fund will be denominated in Colombian pesos. In addition to selecting Global X ETFs as manager of the fund, the Colombian Ministry of Finance announced Fiducaria Bogota as administrator of the fund and J.P. Morgan as the provider of the fund's reference index.
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Source: Global X Management Company LLC
Invesco Exchange-Traded Fund Trust II files with the SEC-Invesco S&P SmallCap 600 GARP ETF
March 19, 2024-Invesco Exchange-Traded Fund Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the Invesco S&P SmallCap 600 GARP ETF.
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Source: SEC.gov
First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest U.S. Equity Equal Weight Buffer ETF-June
March 19, 2024-First Trust Exchange-Traded Fund VIII has filed a Post-Effective Amendment, Registration Statement with the SEC for the FT Vest U.S. Equity Equal Weight Buffer ETF-June.
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Source: SEC.gov