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First Trust Expands its Actively Managed Fixed Income Lineup with the First Trust Limited Duration Investment Grade Corporate ETF
November 18, 2021--First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the First Trust Limited Duration Investment Grade Corporate ETF (NYSE Arca: FSIG) ("the fund"). FSIG seeks to deliver current income by investing at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade corporate debt securities.*
In addition, the fund has a limited duration portfolio mandate and seeks to construct a portfolio that has a weighted average duration of +/- one year of the Bloomberg U.S. Corporate Bond 1-5 Year Index, which may provide less interest rate volatility relative to a longer duration corporate bond portfolio. A security's duration is a measure of its price sensitivity to interest rate movements. In other words, it tells the investor how much the security's price is likely to change for a given change in interest rates.
Finding opportunities to generate attractive income in a low interest rate environment can be challenging. Investment grade corporate bonds with short maturities may provide attractive income and diversification benefits to fixed income portfolios.
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Source: First Trust
American Century Investments And Nomura Launch Active ETF For High Yield Bonds
November 18, 2021--Global investment managers American Century Investments and Nomura Asset Management announced the launch of a new exchange traded fund (ETF): American Century Select High Yield (AHYB). The new transparent active ETF will be listed on the New York Stock Exchange (NYSE Arca, Inc.).
The new ETF will be subadvised by Nomura Corporate Research and Asset Management (NCRAM) and will have the same investment philosophy as the seven-year old American Century High-Income mutual fund, while focusing on BB and B rated high yield bonds. AHYB seeks to provide high current income and offers an opportunity to access a high yield strategy with strong potential risk-adjusted returns. The fund has an expense ratio of 0.45 percent and will disclose its holdings daily.
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Source: American Century Investments
'Work from home' ETFs diverge as investors bet on reopening
November 17, 2021--Cloud computing and remote communications stocks stay strong while consumer names struggle
The performances of two rival funds launched to track the shift toward remote working have diverged wildly this year, as investors bet that...
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Source: ft.com
Invesco Starts Sustainability-Focused Version of S&P 500 ETF
November 17, 2021--Invesco Ltd. has launched a sustainability version of its second biggest exchange-traded fund as asset managers experience a surge in demand for environmental, social and governance-focused investments.
The Invesco ESG S&P 500 Equal Weight ETF will invest in companies considered leaders in ESG metrics, Invesco said in a statement Wednesday.
The move adds an ESG focus to the asset manager's longstanding ETF that tracks the S&P 500, which has $31 billion of assets, according to John Hoffman, Americas head of ETFs and indexed strategies at Invesco.
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Source: bloomberg.com
Nottingham Announces Three Mutual Fund to ETF Conversions
November 16, 2021--The Nottingham Company, a consultant for mutual funds and ETFs and an ETF administrator, has launched three actively managed ETFs that are conversions from open-end mutual fund strategies. The three funds, the AI Quality Growth ETF (AQGX), the RH Tactical Outlook ETF (RHTX), and the RH Tactical Rotation ETF (RHRX), were listed on the NYSE and joined the Adaptive ETF funds umbrella.
Two more conversions are set to be announced this week.
Nottingham brings mutual fund conversion experience to the table as the first fund administrator to have converted a strategy in May. Mutual fund conversion is a complex process that Nottingham partnered extensively with the SEC on while converting its first fund, and it continues to work with the regulatory agency for each one to ensure that they are done accurately and are in compliance.
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Source: nasdaq.com
Global X ETFs Launches Blockchain & Bitcoin Strategy ETF (BITS)
November 16, 2021--Fund Provides Exposure to Bitcoin Futures and the Broader Blockchain Ecosystem
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Blockchain & Bitcoin Strategy ETF (BITS). The fund will be actively managed and among the first ETFs designed to provide long-term investors with access to both bitcoin futures as well as companies positioned to potentially benefit from advances in blockchain technology.
BITS' approach to owning both bitcoin futures and blockchain equities offers investors a thematic approach to the rapidly emerging digital assets space. Bitcoin, the world's largest cryptocurrency, continues to benefit from greater adoption as both a means of transacting as well as a long term investment, especially by investors seeking growth potential and diversification from an alternative asset. Blockchain equities, such as those involved in: 1) digital asset mining; 2) blockchain and digital asset transactions, hardware, and integration; and 3) blockchain applications and software services, are well-positioned to benefit from advances in and expanded use-cases for blockchain technology.
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Source: Global X ETFs
Dimensional Lists Four Fixed Income ETFs and Announces Further Expansion of ETF Offering
November 16, 2021--The firm brings nearly 40 years of expertise in systematic fixed income to ETFs, files for 10 new ETFs providing the components of full asset allocations using Dimensional ETFs
Dimensional Fund Advisors, a global leader in systematic investing, listed today the company's first four active transparent fixed income exchange-traded funds (ETFs) and filed a preliminary registration statement for 10 more equity ETFs.
Dimensional Fixed Income ETFs
Dimensional launched one of the industry's first systematic bond funds in 1983. The firm has continued to refine and advance its investment process and today manages more than 35 strategies and $120 billion in fixed income assets, as of the end of October 2021.
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Source: us.dimensional.com
Lowest Cost Bitcoin-Linked ETF to Launch on November 16: Vaneck Bitcoin Strategy ETF (XBTF)
November 15, 2021--Developed by ETF and crypto innovators, VanEck structured XBTF as a C-Corporation aimed at tax efficiency for long-term investors and fairly priced
VanEck today announced the anticipated launch of theVanEck Bitcoin Strategy ETF (XBTF), an actively managed ETF that seeks capital appreciation by investing in standardized, cash-settled bitcoin futures contracts.
XBTF is expected to list on Cboe on November 16, 2021. XBTF comes to market as the lowest-cost bitcoin-linked ETF, with a net expense ratio 30 basis points (bps) lower than its next closest competitor,1 and has been structured as a C-Corp., an approach that may provide a more efficient tax experience for long-term investors. XBTF is the first ETF in VanEck's suite of U.S.-listed funds to provide exposure to bitcoin futures and joins VanEck Inflation Allocation ETF (RAAX) in providing investors with bitcoin exposure. RAAX has held positions in other bitcoin-focused products since January 2021.
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Source: VanEck
SEC rejects Bitcoin ETF run by VanEck
November 12, 2021--The U.S. Securities and Exchange Commission rejected a proposal for an ETF that would directly hold Bitcoin, quashing hopes that a long-desired product would finally gain clearance after last month's debut of the first funds linked to futures of the cryptocurrency.
In a widely expected move, the SEC denied VanEck approval for its Bitcoin exchange-traded fund to trade on Cboe Global Markets Inc., marking the first ruling on the subject since the initial Bitcoin futures ETFs launched. In a Friday order, the regulator reiterated its long-stated concern that basing a product on the spot price of Bitcoin could violate securities rules because the market is too prone to abuse.
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Source: fortune.com
VanEck Launches Green Metals ETF To Expand Investor Access to the Energy Transition
November 11, 2021-VanEck today announced the launch of the VanEck Green Metals ETF (GMET), a new fund that provides comprehensive global exposure to the producers, refiners, processors and recyclers of the green metals that are essential to the world's ongoing transition to a low carbon economy.
"New technologies, from electric vehicles to offshore wind farms, cannot function without green metals such as lithium, copper, zinc and manganese. As governments around the world mandate and consumers embrace these shifts to lower carbon approaches, demand for these metals is only expected to increase," said Brandon Rakszawski, Senior ETF Product Manager with VanEck.
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Source: VanEck
