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AXS Investments Launches the AXS Knowledge Leaders ETF (KNO) to Invest in Global Innovators
July 22, 2024--Rebrands time-tested KLDW ETF, continuing its distinctive equity strategy based on Steve Vannelli's "Knowledge Effect"
AXS Investments, provider of ETFs and mutual funds for growth, income and diversification, today launched the AXS Knowledge Leaders ETF (KNO) to offer a time-tested, geographically diverse path to invest in the stocks of innovative companies.
The AXS Knowledge Leaders ETF (KNO) is an actively managed ETF that seeks long-term capital appreciation by investing in stocks of highly innovative companies in the developed world.
These companies, identified as "knowledge leaders," possess deep reservoirs of intangible capital as a result of their history of investing in knowledge-intensive activities like research & development, brand development and employee education. The result is a portfolio designed to play a core role in providing equity exposure to companies across the globe.
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Source: AXS Investments
Brompton Announces the Launch of Brompton International Cash Flow Kings ETF
July 18, 2024--Brompton Funds Limited (the "Manager") is pleased to announce that Brompton International Cash Flow Kings ETF (the "ETF" and "KNGX") will commence trading on the Toronto Stock Exchange (the "TSX") today. A final prospectus dated May 21, 2024 was filed with the securities regulatory authorities in each province and territory in Canada.
The ETF aims to deliver long-term capital appreciation by investing in quality international companies with high free cash flow yields. The Manager believes high free cash flow yielding companies offer attractive value and have the financial strength and flexibility to deliver attractive returns for investors in the near and long term.
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Source: Brompton International Cash Flow Kings ETF
Accomplished ETF Industry Veteran Mo Sparks Joins Raymond James Investment Management
July 18, 2024--Sparks will lead ETF platform development for global asset management company
ETF launch anticipated in 2025, broadening investor access and supporting firm growth
Raymond James Investment Management, a global asset management company with $102.7 billion in assets and a wholly-owned subsidiary of Raymond James, plans to launch an ETF product platform in 2025 to support strong client demand in alignment with putting clients' needs first.
As part of the platform development, the firm has appointed former NYSE Director of Exchange Traded Products Mo Sparks as Head of Exchange Traded Funds, effective July 22. In this role, he will focus on building out Raymond James Investment Management's ETF platform.
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Source: Raymond James Investment Management
Calamos Announces S&P 500 Structured Alt Protection ETFTM-August (CPSA) 8.58%-9.07% Upside Cap Range with 100% Downside Protection Over One Year
July 18, 2024--CPSA is slated to launch August 1 with 8.58%-9.07% estimated upside cap range over a one-year outcome period.
The Calamos Structured Protection ETF suite combines Calamos' decades-long alternatives and options investing expertise with the liquid, cost-effective and tax-efficient ETF structure.
Calamos Structured Protection ETFs offer investors the most comprehensive capital-protected suite across leading U.S. equity indices (S&P 500, Nasdaq-100 and Russell 2000)
Calamos Investments LLC ("Calamos")), a leading alternatives manager, today announced the estimated upside cap-ranges for the Calamos S&P 500 Structured Alt Protection ETF-August (CPSA), providing 100% downside-protected S&P 500 exposure with an estimated upside cap range of 8.58%-9.07% over a one-year outcome period before fees and expenses.
Launching August 1, 2024, CPSA marks the ongoing expansion of the Calamos Structured Protection ETFsTM 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
American Century Launches California Municipal Bond ETF
July 18, 2024--American Century Investments, the $250 billion global asset manager, expands its investment capabilities with the launch of its first California municipal bond exchange traded fund (ETF). American Century California Municipal Bond ETF (CATF) is now listed on the New York Stock Exchange (NYSE) and joins the asset manager's lineup of active ETFs.
"American Century has managed municipal bonds for California investors for over 40 years and we're excited to leverage our deep history in California-specific strategies across the investment grade and high yield markets with the launch of CATF," said Joe Gotelli, senior portfolio manager, head of the Municipal Markets team. "We are driven by the needs of our clients and eager to provide an offering to California residents that takes advantage of opportunities across the credit and duration1 spectrum."
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Source: American Century Investments
KraneShares Launches AGIX: An Artificial Intelligence & Technology ETF That Provides Investors Exposure to Companies Across the AI Ecosystem
July 18, 2024--Today, Krane Funds Advisors, LLC ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs), announced the launch of the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) on the Nasdaq Stock Market (NASDAQ).
AGIX tracks the Solactive Etna Artificial General Intelligence Index, which is designed to capture the performance of companies engaged in developing and applying artificial intelligence technologies. AGIX primarily holds publicly listed global AI companies and has the ability to allocate to private AI companies.
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Source: KraneShares
The Defiance Treasury Alternative Yield ETF (TRES) to Close
July 17, 2024--Tidal ETF Trust's Board of Trustees has made the decision to liquidate and close the Defiance Treasury Alternative Yield ETF (the "Fund"). The decision was reached in the best interest of the Fund and its shareholders.
Trading of the Fund on the NASDAQ will cease, and the Fund will no longer accept investor purchases after the close of regular trading on July 26, 2024 (the "Closing Date"). Shareholders have the option to sell their holdings in the Fund before the Closing Date, with standard brokerage fees applicable.
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Source: Tidal Financial Group
Cognizant and Victory Capital to Extend Relationship with Five-Year Agreement
July 17, 2024--Cognizant will provide IT infrastructure, security, and data and analytics support to Victory Capital's next phase of digital transformation.
Cognizant (NASDAQ: CTSH) announced today a five-year strategic collaboration with Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital"), a diversified global asset management firm.
Cognizant anticipates providing Victory Capital with technology infrastructure, security, and data and analytics capabilities, which will include infrastructure management, security engineering, a 24/7 security operations center, and a comprehensive service desk, which will provide infrastructure and application monitoring and end-user support.
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Source: Cognizant Technology Solutions Corporation
Miami International Holdings Announces SEC Approval of MIAX Sapphire Exchange
July 17, 2024--Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today announced the Securities and Exchange Commission (SEC) has approved MIAX Sapphire LLC's (MIAX Sapphire) application for registration as a national securities exchange.
MIAX Sapphire will be MIAX's fourth national securities exchange for U.S. multi-listed options and will operate both an electronic exchange and physical trading floor. The electronic exchange is expected to launch on August 12, 2024, with the opening of the physical trading floor to follow in 2025. The MIAX Sapphire trading floor will be the first national securities exchange to establish operations in Miami, Florida, and will include a next-generation trading floor, ancillary office space for MIAX employees and market participants, conference facilities and broadcast media space.
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Source: MIAX
Invesco Expands Active ETF Platform by Adding Innovative Option Strategy to Highest Demand Offerings
July 17, 2024--Fee waiver brings QQA and RSPA management fee to zero
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today that it will expand its active ETF platform by layering an options income strategy over two of its most well-known and high demand investment offerings.
The launch of the Invesco Income Advantage Suite seeks to add consistent yield to the Nasdaq 100 Index and S&P 500 Equal Weight Index offering investors another way to access these two innovative strategies.
Actively managed Invesco QQQ Income Advantage ETF (QQA) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) aim to combine the equity exposure of an index-tracking product with a consistent and high monthly yield. QQA and RSPA are unique in their goals to offer reliable income and market participation, and a diversified option income overlay, allowing for a balance of yield and growth with a focus on long-tern total returns.
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Source: Invesco Ltd