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Direxion Launches New Daily 2X Leveraged ETF
Septemeber 30, 2021--First ETF to Provide 200% Exposure to FANG, and FANG-like, Stocks
Direxion launched the Direxion Daily Select Large Caps & FANGs Bull 2X Shares (Ticker: FNGG). The Fund seeks to achieve 200% of the daily performance of the ICE FANG 20 Index.
The ICE FANG 20 Index provides exposure to Facebook, Apple, Amazon, Netflix, Google, Microsoft and similar highly-traded growth stocks of technology and tech-enabled companies from the information technology, communication services and consumer discretionary sectors, for a total of 20. As of September 10, 2021, the Index constituents had a median total market capitalization of $155 billion, with total market capitalizations ranging from $44 billion to $2.5 trillion.
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Source: direxion.com
Avantis Investors Launches Value And Real Estate ETFs
September 30, 2021--As it celebrates its second anniversary, Avantis Investors(R), a $7 billion* investment offering from global asset manager American Century Investments(R), today announced the expansion of its investment capabilities with the launch of four new exchange traded funds (ETFs): Avantis(R) Emerging Markets Value ETF (AVES); Avantis(R) International Large Cap Value ETF (AVIV); Avantis(R) U.S. Large Cap Value ETF (AVLV); and Avantis(R) Real Estate ETF (AVRE).
Each vehicle, listed on the New York Stock Exchange (NYSE Arca, Inc.), relies on a proprietary systematic investment approach that combines the latest in financial science with common sense investment principles.
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Source: American Century Investments
ProShares Launches Three New Thematic ETFs Focused on Business Innovations
September 30, 2021--ProShares, a premier provider of ETFs, today announced the launch of three new thematic ETFs: ProShares S&P Kensho Smart Factories ETF (Ticker: MAKX), ProShares Big Data Refiners ETF (Ticker: DAT) and ProShares S&P Kensho Cleantech ETF (Ticker: CTEX).
"Each ETF is designed to offer investors exposure to a rapidly changing industry, from the automation of manufacturing, to enhanced analytics and big data processing, to powering the transition to clean energy," said ProShares CEO Michael L. Sapir. "We are pleased to expand our family of ETFs with these new funds."
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Source: ProShares
Federal Reserve Bank of NY-Climate Stress Testing
September 30, 2021--Climate change could impose systemic risks upon the financial sector, either via disruptions in economic activity resulting from the physical impacts of climate change or changes in policies as the economy transitions to a less carbon-intensive environment. We develop a stress testing procedure to test the resilience of financial institutions to climate-related risks.
Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in the collapse of fossil-fuel prices in 2020.
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Source: newyorkfed.org
CBO-Federal Debt and the Statutory Limit, September 2021
September 29, 2021-Summary
The debt limit-commonly called the debt ceiling-is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased over the years to finance the government's operations.
The Bipartisan Budget Act of 2019 (Public Law 116-37) suspended that limit until July 31, 2021. On August 1, the debt limit was reset to $28.4 trillion; on the following day, the Treasury announced a "debt issuance suspension period" during which, under current law, it may take "extraordinary measures" to borrow additional funds without breaching the debt ceiling.
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Source: CBO-(Congressional Budget Office)
Day Hagan Debuts 2nd ETF
September 29, 2021--Day Hagan Asset Management is rolling out a complementary fund to its $299 million Day Hagan/Ned Davis Research Smart Sector ETF (SSUS), which launched in January 2020.
The actively managed Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) invests in different categories of the bond markets based on a proprietary model, similar to what SSUS does with equity sectors.
The new fund coms with an expense ratio of 0.79% and lists on the NYSE Arca.
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Source: yahoo.com
T. Rowe Expands ETF Business With Actively Managed Bond Funds
September 29, 2021--T. Rowe Price Group Inc., the $1.68 trillion money manager that started its first exchange traded fund last year, added three actively managed bond funds to its lineup.
The offerings expand the firm's ETF roster to eight funds, Baltimore-based T. Rowe said in a statement issued Wednesday.
The move is part of a surge of interest in actively managed ETFs over the past year as money managers seek to attract investors to new products that look to beat benchmarks instead of tracking indexes. Inflows into active ETFs are on pace to surpass last year's record.
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Source: bnnbloomberg.ca
EMQQ Founder Kevin T. Carter Debuts New ETF: The Next Frontier Internet and Ecommerce ETF (FMQQ)
September 28, 2021--Fund offers investors access to the companies leading the fast-growing ecommerce and internet sector in Emerging and Frontier markets of Asia, Africa, Latin America, and Eastern Europe; excludes China
Kevin T. Carter, the founder of EMQQ, one of the largest and best-performing Emerging Markets ETFs over the last three and five years1, today announced the introduction of the second Exchange Traded Fund from him and his colleagues: the Next Frontier Internet & Ecommerce ETF: FMQQ (FMQQetf.com).
FMQQ trades on the New York Stock Exchange (NYSE) and will provide investors targeted exposure to the non-Chinese companies that are in EMQQ.
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Source: FMQQ
Nuveen Launches Two New ETFs, Bolstering Both Actively-Managed and Index-Tracking Line Up
September 28, 2021--The firm adds to the existing suite of 16 unique funds and reduces expense ratios for 9 funds
Nuveen today launched the following two new ETFs, building on the firm's proud history of helping investors build better financial futures:
The Nuveen Growth Opportunities ETF (NYSE:NUGO) is actively managed by Karen Hiatt, CFA, and will seek to outperform the Russell 1000 Growth Index by investing in 40-65 high conviction securities, making up approximately 10% of the broader index.
The Nuveen ESG Dividend ETF (Cboe:NUDV) is the first ESG Dividend ETF in the industry to incorporate a low carbon criteria1. The fund is focused on providing yield and seeks to track an ESG-enhanced custom index developed by Nuveen's Responsible Investing team.
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Source: Nuveen
Fidelity Broadens Fractional-Share Feature to Financial Advisers
September 28, 2021--Fidelity Investments, one of the world's biggest money managers, will allow financial advisers to buy fractional shares of stocks and exchange-traded funds, a year after offering the feature to individual investors.
"It's a first step in a really big commitment we have to offer greater personalization tools for financial advisers," Matt Goulet, Fidelity's senior vice president of portfolio solutions, said in an interview.
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Source: bnnbloomberg.ca
