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Macquarie Asset Management expands flagship emerging markets equity platform with new ETF
September 5, 2024--Macquarie Asset Management today announced the launch of Macquarie Focused Emerging Markets Equity ETF (EMEQ), which began trading on the Nasdaq Stock Market today. The new exchange-traded fund (ETF) is managed by the firm's Emerging Markets Equity Team, led by Liu-Er Chen, CFA.
The experienced team, with $US8.3 billion in assets under management, has applied its investment philosophy consistently for more than two decades and believes that the combination of secular growth opportunities, high-conviction stock selection, and valuation discipline can provide the foundation for strong long-term investment returns.
The actively managed portfolio of 35-60 stocks seeks to invest in competitively advantaged companies that are well positioned to capture long-term secular growth opportunities in emerging markets.
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Source: Macquarie Asset Management
GraniteShares new Short and Leveraged Single Stock ETF launches Highlights: 2X Palantir, 2X UBER, and -1X Coinbase
September 4, 2024--Today, GraniteShares, an ETF issuer specializing in high conviction ETFs, announced that it has added three new short & leveraged single-stock ETFs to its existing lineup. The new ETFs will bring the total number of short and leveraged ETFs that GraniteShares offers to 16.
These new additions will aim to replicate either +2X or -1X the daily variations of their underlying stocks: Fund Name: GraniteShares 2x Long PLTR Daily ETF
Ticker: PTIR
Fund Name:
GraniteShares 2x Long UBER Daily ETF
Ticker: UBRL
Fund Name:
GraniteShares 1X Short COIN Daily ETF
Ticker: CONI.
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Source: GraniteShares
Beige Book-August 2024
September 4, 2024--Overall Economic Activity
Economic activity grew slightly in three Districts, while the number of Districts that reported flat or declining activity rose from five in the prior period to nine in the current period. Employment levels were steady overall, though there were isolated reports that firms filled only necessary positions, reduced hours and shifts, or lowered overall employment levels through attrition.
Still, reports of layoffs remained rare. On balance, wage growth was modest, while increases in nonlabor input costs and selling prices ranged from slight to moderate.
Consumer spending ticked down in most Districts, having generally held steady during the prior reporting period. Auto sales continued to vary by District, with some noting increases in sales and others reporting slowing sales because of elevated interest rates and high vehicle prices. Manufacturing activity declined in most Districts, and two Districts noted that these declines were part of ongoing contractions in the sector.
Residential construction and real estate activity were mixed, though most Districts' reports indicated softer home sales. Likewise, reports on commercial construction and real estate activity were mixed. District contacts generally expected economic activity to remain stable or to improve somewhat in the coming months, though contacts in three Districts anticipated slight declines.
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Source: federalreserve.gov
Tradr ETFs Transforms Leveraged Trading by Launching Industry's First Monthly and Weekly Reset ETFs
September 3, 2024--Eight new ETFs mark the advent of "Calendar Reset Leveraged ETFs," trading products designed to overcome the volatility drag dilemma faced by daily reset ETF investors
Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, today announced the launch of eight leveraged ETFs as part of its new series of "Calendar Reset Leveraged ETFs."
Tradr's new products reset their performance target on a calendar week or calendar month, providing an alternative to the daily resets offered by today's leveraged ETFs. The launch represents a profound advancement in the world of leveraged trading that will significantly expand the possible uses of leverage for a variety of investment purposes
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Source: AXS Investments
Calamos Announces Launch and Upside Cap Rates for CPST and CPNS: Structured Protection ETFs Providing Exposure to S&P 500 and Nasdaq-100 with 100% Downside Protection Over One Year
September 3, 2024--The Calamos S&P 500 Structured Alt Protection ETF-September (CPST) has announced an upside cap rate of 7.50% over its one-year outcome period following its launch on September 3, 2024.
The Calamos Nasdaq-100 Structured Alt Protection ETF- September (CPNS) has announced an upside cap rate of 8.35% over its one-year outcome period following its launch on September 3, 2024.
Calamos Investments LLC ("Calamos"), a leading alternatives manager, today announced the launch of two ETFS: Calamos S&P 500 Structured Alt Protection ETF-September (CPST), and the Calamos Nasdaq-100 Structured Alt Protection ETF-September (CPNS), each providing 100% downside-protected exposure to their respective indexes with attractive upside cap rates over a one-year outcome period, before fees and expenses.
With seven funds launched since May 1, 2024, CPST and CPNS continue the ongoing expansion of the Calamos Structured Protection ETFs series, a suite of ETFS offering 100% downside protection to the S&P 500, Nasdaq-100 and Russell 2000.
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Source: Calamos Investments
Innovator Further Expands Its Suite of 100% Downside Protection ETFs, the Largest in the Industry
September 3, 2024--Innovator Further Expands Its Suite of 100% Downside Protection ETFs, the Largest in the Industry
The asset management firm behind the industry's first Defined Outcome ETFs, and the first and largest selection of 100% Buffer ETFs, gives investors even more options.
Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs, today announced the launch of three additional ETFs. Innovator, which launched the industry's first ever 100% Buffer ETF(TM) (TJUL) in July 2023, now manages half of the market's 100% Buffer ETF assets.
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Source: Innovator
Harbor Capital Advisors Expands Growing ETF Lineup with the Harbor Active Small Cap ETF
August 29, 2024--Harbor Capital Advisors, Inc. ("Harbor"), an asset manager that curates a suite of actively-managed ETFs, mutual funds, and collective investment trusts, has added the Harbor Active Small Cap ETF (Ticker: SMLL) to its growing lineup of ETF offerings.
SMLL is an actively managed ETF that invests in a blend of growth and value small cap companies.
It seeks to offer what we believe is a cost-effective, transparent, and tax-efficient way for advisors to access the small cap blend space with an active strategy positioned to capitalize on the asset class's inherent inefficiencies and wide dispersion of returns.
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Source: Harbor Capital Advisors, Inc.
AXS Investments Announces Listing Transfer for the AXS Astoria Inflation Sensitive ETF (PPI) to the Nasdaq Stock Market LLC
August 27, 2024--AXS also filed to change PPI's fund name to AXS Astoria Real Assets ETF
AXS Investments, provider of ETFs and mutual funds, announced today that, effective October 15, 2024, it will transfer the stock exchange listing for the AXS Astoria Inflation Sensitive ETF (ticker: PPI) to The Nasdaq Stock Market LLC ("Nasdaq") from the New York Stock Exchange ("NYSE") Arca, Inc.
In addition, AXS has filed to change the name of the fund to the "AXS Astoria Real Assets ETF," which, if effective, would be concurrent with the transfer to Nasdaq.
AXS is the investment advisor for the Fund, which is a series of Investment Managers Series Trust II (the "Trust"). The Board of Trustees of the Trust approved the transfer at a meeting held on July 24, 2024. The Fund expects to begin trading as a Nasdaq-listed company on October 15, 2024, and its shares will continue to trade under the symbol "PPI."
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Source: AXS Investments
Exchange Traded Concepts to Close and Liquidate The Blue Horizon BNE ETF (NYSE:BNE)
August 26, 2024--The Board of Trustees of ETF Series Solutions, upon a recommendation from Exchange Traded Concepts, LLC, the investment adviser to the Blue Horizon BNE ETF, (the "Fund"), has determined to close and liquidate the Fund immediately after the close of business on September 27, 2024 (the "Liquidation Date").
Shares of the Fund are listed on the New York Stock Exchange Arca, Inc.
Effective on or about September 18, 2024, the Fund will begin liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund's prospectus.
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Source: Exchange Traded Concepts, LLC
New US ETFs being launched at record pace in 2024
August 22, 2024-The number of new exchange-traded funds hitting the U.S. market is on track to set another record in 2024, according to data from Morningstar Direct, with an average of 50 ETFs making their debut monthly.
That compares to a monthly average of 48 in 2023, which was also a record, and 38 in 2022, the data show.
Steady growth in investor interest in the liquidity and tax advantages offered by ETFs, together with an influx of innovative products, underpin the growth, issuers and analysts say.
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Source: zawya.com