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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
Amplify ETFs Launches the Amplify CWP Growth & Income ETF (NYSE Arca: QDVO)
August 22, 2024--New growth-oriented covered call ETF seeks to lower volatility and pay high current income on a monthly basis.
Amplify ETFs announces the launch of the Amplify CWP Growth & Income ETF (NYSE Arca: QDVO). QDVO seeks to deliver a high total return through the capital appreciation of growth-oriented equities and a high monthly income by opportunistically writing covered calls1 on individual stocks
QDVO joins the Amplify CWP Enhanced Dividend Income ETF (NYSE Arca: DIVO), which is 5-star Morningstar rated*, and the Amplify CWP International Enhanced Dividend Income ETF (NYSE Arca: IDVO), in Amplify's growing income suite that aims to generate enhanced income through the use of tactical covered call writing and dividends.
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Source: Amplify ETFs
Minutes of the Federal Open Market Committee, July 30-31, 2024
August 21, 2024--A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, July 30, 2024, at 10:00 a.m. and continued on Wednesday, July 31, 2024, at 9:00 a.m.1
Developments in Financial Markets and Open Market Operations
The manager turned first to a review of developments in financial markets. Financial conditions eased modestly over the intermeeting period, reflecting lower long-term interest rates and higher equity prices.
The manager noted that current financial conditions appeared to be providing neither a headwind nor tailwind to growth.
Nominal Treasury yields declined over the period, with shorter-term yields having decreased by more than longer-term yields, leading to a steepening of the yield curve. Treasury yields remained sensitive to surprises in economic data, particularly consumer price index releases and employment reports. While near-term inflation compensation fell over the intermeeting period, longer-term forward measures were little changed. Measures of inflation expectations obtained from term structure models were modestly lower. The policy rate path derived from futures prices and the modal path derived from options prices both declined over the intermeeting period and had come into closer alignment with the median of the modal responses from the Open Market Desk's Survey of Primary Dealers and Survey of Market Participants.
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Source: federalreserve.gov
Copper Place Global Capital, LLC Announces Liquidation of Copper Place Global Dividend Growth ETF
August 21, 2024--The Board of Trustees of the Northern Lights Fund Trust IV (the "Board") has authorized an orderly liquidation of the Copper Place Global Dividend Growth ETF (Ticker: GDVD) (the "Fund"). On August 21, 2024, the Board determined that closing and liquidating the Fund was in the best interests of the Fund and its shareholders.
The last day of trading of the Fund's shares on NYSE Arca will be August 28, 2024 ("Closing Date"), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. Authorized Participants may redeem baskets of shares for a pro rata portion of the Fund's portfolio on hand through the Closing Date.
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Source: Copper Place Global Capital, LLC
BlackRock support for ESG shareholder resolutions hits fresh low
August 21, 2024--Backs 4% of environmental, social shareholder resolutions
Support compares with prior year's 6.7% support
Total support 11% from 9% driven by governance issues
BlackRock, the world's biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most recent annual general meeting season, it said on Wednesday.
Despite the number of environmental and social-related proposals increasing year on year to 493 from 455, BlackRock said most had been rejected for much the same reasons as in previous years.
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Source: reuters.com
Defiance ETFs Launches SMST: The First Short MicroStrategy ETF in the U.S.
August 21, 2024--SMST Seeks 150% Inverse Daily Exposure to MicroStrategy.
Defiance ETFs, a leading innovator in exchange-traded funds, is excited to announce the launch of SMST: Defiance Daily Target 1.5X Short MSTR ETF.
We believe this is a groundbreaking ETF-the first of its kind in the U.S. market-providing investors with 150% inverse daily exposure to MicroStrategy (NASDAQ: MSTR), a company renowned for its substantial investment in Bitcoin.
SMST seeks 1.5X the inverse performance of MicroStrategy's daily returns, catering to experienced traders looking to hedge or speculate on short-term market movements. This ETF is tailored for sophisticated traders seeking to capitalize on short-term price declines.
https://www.globenewswire.com/en/news-release/2024/08/21/2933263/0/en/Defiance-ETFs-Launches-SMST-The-First-Short-MicroStrategy-ETF-in-the-U-S.html
Source: Defiance ETFs