If your looking for specific news, using the search function will narrow down the results
Global X ETFs Surpasses $50 Billion in Assets Under Management in the U.S.
July 10, 2024--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs) today announced that the firm exceeded $50 billion in assets under management (AUM) in the U.S.[i]
This important milestone reflects the firm's rapid ascent as a leading global ETF provider, having grown from $10 billion in assets under management when the firm was acquired by Mirae Asset Global Investments in July 2018. [ii]
As of July 8, the AUM has increased by over $6 billion since the beginning of the year, among its strongest performances in Global X's 15 year history. [iii]
view more
Source: Global X Management Company LLC
T. Rowe Price Launches Its First Active Tax-Free Bond Exchange-Traded Fund
July 10, 2024--Intermediate Municipal Income ETF began trading on NASDAQ today
T. Rowe Price, a global investment management firm, announced today the addition of its first federally tax-free fixed income exchange-traded fund (ETF) to its active ETF roster. T. Rowe Price Intermediate Municipal Income ETF began trading today on the NASDAQ exchange.
The Intermediate Municipal Income strategy focuses on investment-grade intermediate-term municipal bonds with a weighted average effective maturity of four to 12 years. T. Rowe Price Intermediate Municipal Income ETF is co-managed by James Lynch and Charlie Hill, who collectively have 53 years of investment experience, and have served in portfolio management roles for other T. Rowe Price intermediate-term municipal bond strategies.
view more
Source: T. Rowe Price Associates, Inc.
As Hurricane Beryl makes 'explosive start' to hurricane season, these disaster-recovery stocks are in the spotlight
July 9, 2024--Hurricane Beryl, which made landfall on the Texas coast Monday, is the first hurricane of what is expected to be an above-normal Atlantic hurricane season
After making landfall as a Category 1 hurricane on the Texas coast Monday, Beryl has pummeled the Lone Star State, knocking out power for millions and leaving destruction in its wake.
Beryl, which weakened into a tropical depression Monday, was blamed for the deaths of several people in Texas and at least one person in Louisiana, the Associated Press reported, citing officials.
The first hurricane of the 2024 Atlantic hurricane season, Beryl strengthened to a Category 5 storm unusually early in the year, fueled in part by exceptionally high water temperatures, according to the National Oceanic and Atmospheric Administration.
view more
Source: marketwatch.com
BlackRock Launches Active ETFs, Including Buffer Fund
July 3, 2024--New York-based BlackRock, the world's largest asset manager, has launched a series of actively managed exchange-traded funds, including the first of four buffer ETFs, as well as a new active fund focusing on high-yield investments and another on U.S. equities.
The iShares Large Cap Max Buffer Jun ETF (MAXJ), which is the first in a series, launched this week.
It tracks the share price return of the iShares Core S&P 500 ETF, its underlying ETF, according to the firm.
This buffer, or defined outcome, ETF protects the initial investment against 100% of the loss by using a series of expiring and new options. The fund has a cap of about 10.6% that limits the amount of upside potential for the fund, according to Rachel Aguirre, head of U.S. iShares product at BlackRock.
view more
Source: fa-mag.com
Roundhill Magnificent Seven ETF Surpasses $500 Million in AUM
July 3, 2024--MAGS is the first and only U.S. listed ETF to target the "Magnificent Seven" stocks
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce that the Roundhill Magnificent Seven ETF (MAGS) has surpassed $500 million in assets under management (AUM)1, as investors continue to embrace the precise exposure that MAGS offers.
"MAGS is the only ETF dedicated to the Magnificent Seven stocks, attracting a diverse group of investors seeking targeted exposure to these market leaders," said Dave Mazza, Chief Executive Officer at Roundhill Investments. "More so than ever, investors are demanding ETFs that help them meet specific objectives."
view more
Source: Roundhill Investments
Stone Ridge aims at retirement market with 'longevity income' ETFs
July 2, 2024--Innovative funds are designed to deliver 'predictable' monthly cash flow to investors
Stone Ridge has filed to launch a suite of ETFs designed to deliver regular income for elderly investors, in the latest example of post-retirement product innovation.
The 32 Longevity Income ETFs set target dates from 2048 to 2063, according to the year when intended investors turn 100, and are structured to generate regular income starting 20 years before then, either via monthly term-income distributions or by converting shares into a closed-end fund.
view more
Source: ft.com
Innovator Targets Record-Level Cash Allocations with New ETFs Delivering Defined Growth Potential and 100% Downside Protection
July 1, 2024--New ETFs designed to provide equity upside to a cap, with 100% downside protection, before fees and expenses.
Upside potential exceeding that of money-market or short-term bond funds make the ETFs a compelling option to move idle cash off the sidelines, while still maintaining 100% protection.
Upside caps are at their highest level in nearly 20 years.
The launch expands the industry's biggest lineup of 100% Buffer ETFs and the only to offer 100% protection across 6-month, 1-year and 2-year outcome periods.
Innovator Capital Management, LLC (Innovator), creator and pioneer of Buffer ETF investing, today announced the listing of 6-Month, 1-Year and 2-Year 100% Buffer ETFs\ which seek to provide capped upside exposure to the SPDR S&P 500 ETF (SPY), with 100% downside protection.
"We pioneered the world's first 100% Buffer ETFs and are thrilled to expand this lineup," said Bruce Bond, Co-Founder and CEO of Innovator ETFs. "With record amounts invested in money-market and short-term bond funds, these ETFs offer investors a way to pursue higher upside return potential, without taking on additional downside risk."
view more
Source: wfxrtv.com
BlackRock Adds Max Buffer ETF to Active ETF Platform
July 1, 2024--Expands access to options strategies in the convenience of an ETF
Includes the most affordable buffer ETF that targets up to 100% downside protection in the market1
BlackRock bolstered its active ETF platform with a series of buffer ETFs that aims to provide investors with exposure to equity growth potential while seeking to maximize downside protection. The first of the series- the iShares Large Cap Max Buffer Jun ETF (Cboe: MAXJ) launched today, making it the most affordable max buffer ETF that targets up to 100% downside protection in the market.1
view more
Source: businesswire.com
Calamos Launches CPRJ with an 11.20% Initial Cap, First ETF to Provide 100% Downside Protection to Russell 2000 Over One Year
July 1, 2024--Calamos Russell 2000 Structured Alt Protection ETF-July (CPRJ), the first ETF offering capital protected exposure to US small-cap stocks, launches today with an initial 11.20% cap rate over a one-year outcome period.
Capital Group has introduced seven new active, transparent exchange-traded funds (ETFs) to complement its existing suite of core building block solutions for investor portfolios. The new strategies, including four equity and three fixed income ETFs, start trading on the New York Stock Exchange (NYSE) today.
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 launch of the Calamos Russell 2000Structured Alt Protection ETF- July (Ticker: CPRJ) with 100% downside protection over the one-year outcome period. CPRJ's initial upside cap rate is 11.20% before fees and expenses.
view more
Source: Calamos Investments
Calamos Launches CPSJ with a 9.45% Initial Cap and 100% Downside Protection to S&P 500 Over One Year, Expanding Structured Protection ETF Series
July 1, 2024--Calamos S&P 500 Structured Alt Protection ETF-July (CPSJ), offering an initial cap rate of 9.45% over a one-year outcome period, launched today in response to investor demand and following the success of Calamos' first S&P 500 capital-protected offering in May.
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)
view more
Source: Calamos Investments