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JPMorgan AM introduces Fundamental Data Science ETF Suite
August 9, 2024--The JPMorgan Fundamental Data Science (FDS) Suite has been introduced by JPMorgan Asset Management (JPMAM) on the Nasdaq Stock Exchange.
$SOL's price broke above $163 at one point Thursday after word spread about the milestone
As a result, the JPMorgan Fundamental Data Science Large Core ETF (LCDS), JPMorgan Fundamental Data Science Mid Core ETF (MCDS), and JPMorgan Fundamental Data Science Small Core ETF (SCDS) are the three new active ETFs that make up The Suite, and they use data science into the building of their portfolios.
The adviser manages the funds using an effective investment strategy that combines data science to create a fundamentally selected equities portfolio.
This data science-based investment strategy is being implemented in two strategies with over $15bn in total assets under management: the JPMorgan Applied Data Science Value Fund (JPIVX) and the equity portfolio that underpins the JPMorgan Nasdaq Equity Premium Income ETF.
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Source: ibtimes.com
Goldman Sachs Launches Preferred Stock ETF For High Income
August 9, 2024--Goldman Sachs Asset Management has introduced a new preferred stock ETF-its fifth fund for 2024. The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) began trading on August 8, according to a company press release.
GPRF aims to provide investors with high monthly income, the release said. It does so through exposure to U.S. preferred stocks and hybrid securities.
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Source: finance.yahoo.com
YieldMax Launches Option Income Strategy ETF on Alibaba (BABA)
August 8, 2024--YieldMax announced the launch today of the following ETF:
YieldMax BABA Option Income Strategy ETF (NYSE Arca: BABO)
BABO seeks to generate monthly income by pursuing options-based strategies on the ADRs of Alibaba Group Holding Limited ("BABA").
BABO is actively managed by ZEGA Financial. BABO does not invest directly in BABA or its ADRs.
BABO is the newest member of the YieldMax ETF family and like all YieldMax ETFs, aims to deliver current income to investors.
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Source: YieldMax
Defiance Launches LLYX, the First 2X Leveraged Single-Stock ETF on Eli Lilly
August 8, 2024--LLYX Targets 200% Daily Long Exposure to Eli Lilly
Defiance ETFs proudly unveils LLYX, the world's first single-stock leveraged ETF for Eli Lilly. LLYX offers retail investors 2X daily long leveraged exposure to the change in the daily share price of Eli Lilly without the need for a margin account, providing a unique tool for tactical traders.
LLYX does not invest directly in Eli Lilly and has a higher degree of risk due to tracking a single stock.
Eli Lilly and Company, established in 1876 and headquartered in Indianapolis, Indiana, is a global leader in the pharmaceutical industry, renowned for its innovative approach to medicine. Eli Lilly is particularly noted for its advancements in diabetes care, including its development of GLP-1 (Glucagon-Like Peptide-1) receptor agonists such as Trulicity (dulaglutide) and the novel dual GLP-1 and GIP agonist Tirzepatide.
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Source: wate.com
CBO-Monthly Budget Review: July 2024
August 8, 2024--Summary
The federal budget deficit was $1.5 trillion in the first 10 months of fiscal year 2024, the Congressional Budget Office estimates-$103 billion less than the deficit recorded during the same period last fiscal year. Revenues were $397 billion (or 11 percent) higher and outlays were $293 billion (or 6 percent) higher from October through July than they were during the same period in fiscal year 2023.
Shifts in the timing of certain payments affect that comparison. Outlays in the first 10 months of each fiscal year were reduced by shifts of some payments to September that otherwise would have been due on October 1, which fell on a weekend in both years. If not for those timing shifts, the deficit so far in fiscal year 2024 would have been $94 billion smaller than the shortfall for the same period in fiscal year 2023.
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Source: CBO (Congressional Budget Office)
New bond index may cut Africa debt costs
July 25, 2024--A ground-breaking effort to improve cost of credit for African borrowers, including governments, got a boost with the recent launch of the iBoxx LSF USD African Sovereigns Index, owned and managed by S&P Dow Jones Indices.
This comes in support of the Liquidity Sustainability Facility (LSF) programme, which aims to offer more transparency with daily pricing. This could save African countries some $11 billion over five years, according to the LSF. The index tracks the performance of the African sovereign eurobonds which the LSF accepts as collateral in the framework of repo transactions.
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Source: africancapitalmarketsnews.com
Goldman Sachs Makes Bigger Bet on $129 Billion Muni ETF Market
July 25, 2024--Goldman Sachs Asset Management launches four new funds
Offerings include a product aimed at New York investors
Goldman Sachs Asset Management is launching four new municipal-bond exchange-traded funds, adding to the $129 billion corner of the state and local government debt market.
The firm, the investing arm within Goldman Sachs Group Inc., has created the actively-managed products which include a fund focused on ultra-short municipals and one that invests in tax-exempt debt sold by New York borrowers. More money managers have seized on demand for ETFs that are often lower-cost than mutual funds. The investment management business of Prudential Financial Inc. also introduced
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Source: bloomberg.com
Goldman Sachs Asset Management Enhances Fixed Income ETF Offering With Launch of Four Active Municipal Bond ETFs
July 25, 2024--Goldman Sachs Asset Management ("Goldman Sachs") today announced the launch of four fixed income ETFs, the Goldman Sachs Ultra Short Municipal Income ETF (GUMI), the Goldman Sachs Municipal Income ETF (GMUB), the Goldman Sachs Dynamic California Municipal Income ETF (GCAL), and the Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) (collectively the "funds").
The actively managed ETFs provide investors with cost efficient access to municipal bonds, an asset class that can offer attractive after-tax income potential while serving as a valued diversifier within core fixed income portfolios.
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Source: am.gs.com
YieldMax Launches Short NVDA Option Income Strategy ETF (DIPS)
July 24, 2024--YieldMax announced the launch today of the following ETF:
YieldMax Short NVDA Option Income Strategy ETF (NYSE Arca: DIPS)
DIPS Overview
DIPS is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on NVIDIA Corporation ("NVDA"), while providing indirect short (inverse) exposure to the share price of NVDA.
DIPS's potential for gains from decreases in the share price of NVDA is limited, while its potential for losses resulting from increases in the share price of NVDA is up to 100%. DIPS does not invest directly in NVDA and does not directly short NVDA. Investors seeking direct exposure to the price of NVDA should consider an investment other than this Fund.
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Source: YieldMax
How active ETFs are unlocking innovation and opportunity for investors
July 22, 2024--KEY TAKEAWAYS
Active ETFs are an increasingly important part of investor toolkits, alongside mutual funds, closed-end funds (including private markets), separately managed accounts, and index ETFs.
Investors are increasingly choosing to access actively managed strategies through ETFs due to the wrapper's benefits, including tax efficiency and transparency.
BlackRock projects that global active ETF assets under management will surge to $4 trillion by 2030-a more than a four-fold increase in about six years.1
The Exchange-Traded Fund (ETF) industry has dramatically transformed in the past 30 years, progressively growing in both assets under management and in the variety of ETFs available to investors. From just a handful of U.S.-based funds in 1993 to over 13,000 globally currently, ETFs have evolved to provide transparent access to a broad range of asset classes, sectors, and geographies.2
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Source: ishares.com
