Americas ETP News
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BlackRock cuts fees on $14bn in ETFs
October 28, 2021--The $6.6bn iShares Floating Rate Bond ETF now carries a fee of 15 basis points.
BlackRock has shaved up to 10 basis points off the fees on eight ETFs, including a family of target-risk strategies and a popular floating-rate bond product, filings show.
The new expense ratios went into effect immediately, according to disclosures.
The ETFs represented a combined $14bn in assets as of September 30, according to Morningstar Direct.
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Source: ft.com
Traders bet ethereum will benefit from ETF boost in 2022
October 28, 2021--Buying interest in options tracking cryptocurrency 'exploded' after launch of bitcoin exchange traded fund
Buyers poured greater than $1bn in to the ProShares Bitcoin Technique fund.
Traders are positioning for a surge in ethereum costs, betting that Wall Road's high securities regulator will subsequent 12 months give the go-ahead for a US trade traded fund monitoring the world's second-biggest cryptocurrency.
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Source: ft.com
Tuttle Capital Management Announces Name Change for The Short ARKK ETF (Ticker Symbol: SARK)
October 28, 2021--Tuttle Capital Management, investment adviser for The Short ARKK ETF, a series of the Collaborative Investment Series Trust, (the "Fund") is announcing that the Fund's name will be changing.
The Fund's new name will be "Tuttle Capital Short Innovation ETF."
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Source: Tuttle Capital Management
SEC Won't Approve Leveraged Bitcoin Fund
October 27, 2021--Regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now
The Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.
The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ETF, which was launched last week, the person said.
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Source: wsj.com
Is Stock Index Membership for Sale?
October 27, 2021--While major stock market indices are followed by large monetary investments, we document that membership decisions for the S&P 500 index have a nontrivial amount of discretion. We show that firms' purchases of S&P ratings appear to improve their chance of entering the index (but purchases of Moody's ratings do not).
Furthermore, firms tend to purchase more S&P ratings when there are openings in the index membership. Such a pattern is also confirmed by an event study that explores a rule change on index membership in 2002. Finally, discretionary additions exhibit subsequent deterioration in financial performance relative to rule-based additions.
view the NBER Working Paper-Is Stock Index Membership for Sale?
Source: National Bureau of Economic Research (NBER)
Invesco Expands QQQ Innovation Suite to Include Two ESG ETF Offerings
October 27, 2021--Building on the QQQ Innovation Suite's year of success, Invesco and Nasdaq introduce more choices for investors looking to personalize their access to Nasdaq-listed companies
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today the expansion of the Invesco QQQ Innovation Suite with the introduction of two new Environmental, Social and Governance (ESG) ETF offerings.
The launch of Invesco ESG NASDAQ 100 ETF (QQMG) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) advances the firm's goal of offering investors the benefit of personalizing their exposure to the innovative companies listed on The Nasdaq Stock Market.
The Invesco QQQ Innovation Suite now includes six different investment structures that complement Invesco QQQ:
Invesco ESG NASDAQ 100 ETF (QQMG)
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Source: Invesco Ltd.
ProShares Launches Three New Funds, Expanding Thematic ETF Lineup
October 27, 2021--ProShares, a premier provider of ETFs, announced that it has launched three new ETFs. ProShares On-Demand ETF (OND), ProShares Smart Materials ETF (TINT), and ProShares Nanotechnology ETF (TINY).
ProShares has launched six thematic ETFs in 2021, doubling its lineup to 12 thematic ETFs in total.
"We are excited to launch a set of truly innovative funds that give investors access to themes previously not available in the areas of nanotechnology, smart materials, and on-demand platforms," said ProShares CEO Michael L. Sapir. "The future is smaller, smarter, and faster. These latest additions to the ProShares Thematic ETFs lineup provide investors new and efficient ways to access the companies changing how businesses operate, innovate and compete."
The new ETFs and their indexes are:
ProShares ETF : ProShares On-Demand ETF
Ticker: OND
Index: FactSet On-Demand Index
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Source: ProShares
Horizons ETFs Expands Thematic Line-up with Vaccine and Infrastructure Focused ETFs
October 27, 2021--Two new thematic ETFs offer exposure to sectors facing potential long-term structural trends
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launches of the Horizons Global Vaccines and Infectious Diseases Index ETF ("HVAX") and the Horizons North American Infrastructure Development Index ETF ("BLDR" and together, the "ETFs"). Units of the ETFs will begin trading today on the Toronto Stock Exchange ("TSX") under the ticker symbols HVAX:TSX and BLDR:TSX, respectively.
Thematic investing seeks to capture opportunities created by structural trends. Two areas receiving significant attention over the past 18 months are vaccines, as part of a global pharmaceutical shift, and North American infrastructure investment. Vaccines, and the prevention of infectious disease, alongside infrastructure investment have taken on significant importance recently and have generated considerable market interest. From massive investment by global governments in COVID-19 research and vaccine development, as well as the Biden administration's Build Back Better agenda, which pledges billions of dollars toward renewing U.S. infrastructure, both themes have an opportunity to see long term momentum based on these events.
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Source: Horizons ETFs Management (Canada) Inc.
Invesco launches ESG version of $200bn exchange traded fund
October 27, 2021-- Top tech groups get lower weighting in ETF that tracks Nasdaq-100 index.
A new version of one of the world's biggest exchange traded funds will manage holdings adhering to environmental, social and governance criteria. One feature will be lower weights for some technology titans including Tesla, Facebook and Amazon.
The $200bn QQQ ETF, which tracks the Nasdaq-100 stock index, is the second most actively traded exchange traded fund. On Wednesday the fund manager Invesco launched ESG versions for investors in the US and Europe, based on a new form of the index created by Nasdaq in June.
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Source: ft.com
First Trust Launches Two New Allocation-Based Portfolios of Target Outcome Buffer ETFs
October 27, 2021--FT Cboe Vest Buffered Allocation Defensive ETF
FT Cboe Vest Buffered Allocation Growth ETF
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund (“ETF") provider and asset manager, announced today that it has launched the FT Cboe Vest Buffered Allocation Defensive ETF (Cboe: BUFT) and the FT Cboe Vest Buffered Allocation Growth ETF (Cboe: BUFG) (collectively, the “funds").
Both funds seek to achieve their investment objective by investing in a portfolio of Target Outcome Buffer ETFs (the “Underlying ETFs") that seek to provide investors with returns (before fees and expenses) based on the price return of the SPDR(R) S&P 500(R) ETF Trust (“SPY"), up to a predetermined cap, while providing a defined buffer against losses of SPY over a Target Outcome Period of one year.
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Source: First Trust
