Americas ETP News
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Report: Retail Investors Aren't Slowing Down in 2023, Embracing Diversified Investing Strategies
August 30, 2023--A new report from Public finds that retail investors in 2023 are increasingly diversifying their portfolios, adopting new research strategies, and prioritizing investments in AI and ETFs
Public, an investing platform that lets members Invest in stocks, Treasuries, ETFs, crypto, and alternative assets with deep fundamental data and custom analysis powered by AI, surveyed 2,000+ retail investors and reviewed investing flows throughout the year to compile its 1H 2023 report.
Key findings from the report highlight investors are remaining active in the markets this year but are shifting their strategies. In 2023, more investors are focusing on due diligence and research, using artificial intelligence to inform investment decisions, and diversifying into fixed income products.
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Source: Public
Little evidence that a spot bitcoin ETF would expand the market
August 30, 2023--BlackRock's application and Grayscale's court victory stirred the crypto world, but such investment vehicles look very vanilla
You don't have to want to invest in bitcoin to be in favour of US regulators giving their approval to a bitcoin exchange traded fund. You can disapprove of other people putting their money into the cryptocurrency but defend the idea that the Securities and Exchange Commission should let them.
Perhaps not to the death- we don’t need to go all Voltaire about this-but you get the idea.
Applications for a spot bitcoin ETF-a fund that would actually hold bitcoin directly as opposed to investing in derivatives tied to the bitcoin price -have been consistently rejected by the SEC over the past decade.
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Source: ft.com
Clough Capital Assumes Management of Changebridge Capital's Active ETFs
August 30, 2023--Vince Lorusso becomes President & CEO, Portfolio Manager of Clough Capital
Clough Capital Partners L.P. ("Clough Capital") has entered the Active ETF arena by assuming management of two Actively Managed ETFs: The Changebridge Select Equity ETF (Ticker: CBSE) and the Changebridge Long/Short Equity ETF (Ticker: CBLS). The Funds will be formally renamed as Clough ETFs on September 13th.
Through this initiative, Clough is excited to announce Vince Lorusso has rejoined the Firm as its new President & CEO. Mr. Lorusso will remain the Portfolio Manager for the strategies, a role he has held since their listing on the New York Stock Exchange (NYSE) in 2020.
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Source: Clough Capital
Hashdex aims for first US spot bitcoin approval with novel filing
August 30, 2023--Little-known Brazilian asset manager believes it can assuage SEC concerns around risk of manipulation
A little-known-Brazilian asset manager has come up with a novel solution that might see it elbow in front of much larger rivals such as BlackRock and Ark to gain approval for the first US spot bitcoin exchange traded fund.
Hashdex's move attempts to assuage the Securities and Exchange Commission's concerns around the risk of manipulation in the spot bitcoin market.
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Source: ft.com
Madison Investments Expands Actively-Managed ETF Suite with First of Two Fixed-Income Funds
August 29, 2023--MAGG Meets Growing Demand for Active, Fixed Income Solutions
Madison Investments, an independently-owned investment firm managing $22.9 billion in assets, today announces the launch of the Madison Aggregate Bond ETF (NYSE: MAGG), the latest addition to its suite of actively-managed, income-driven exchange-traded funds (ETFs).
This expansion follows the launch of the suite's two equity funds: The Madison Covered Call ETF (NYSE: CVRD) and the Madison Dividend Value ETF (NYSE: DIVL). The ETF suite combines Madison's decades-long track record of risk-conscious investing with an active management approach designed to pursue stable income with lower-than-benchmark risk. The firm will round out its ETF suite in the coming weeks with the addition of a second fixed income product, the Madison Short Term Strategic Income ETF (NYSE: MSTI).
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Source: Madison Investments
Bitcoin ETF Deadlines Loom Again for SEC Ahead of Labor Day Weekend
August 28, 2023--'We can expect to see more delays,' projects VettaFi's Islam
Bitwise's application is set for consideration on Sept. 1
The journey to a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely coming this week as crypto faithful await to see how things play out this time.
The US Securities and Exchange Commission is expected to respond to filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco right before the Labor-Day weekend, according to Bloomberg Intelligence. Regulators can reject, approve or delay. Bitwise's application is set for consideration by Friday, with the others due the following day, making it likely the SEC will weigh in before the weekend.
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Source: bloomberg.com
Bitcoin ETF Deadlines Loom Again for SEC Ahead of Labor Day Weekend
August 28, 2023--The journey to a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely coming this week as crypto faithful await to see how things play out this time.
The US Securities and Exchange Commission is expected to respond to filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco right before the Labor-Day weekend, according to Bloomberg Intelligence.
Regulators can reject, approve or delay. Bitwise's application is set for consideration by Friday, with the others due the following day, making it likely the SEC will weigh in before the weekend.
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Source: bnnbloomberg.ca
AXS Investments Teams with Gapstow Capital Partners to Transform the High Yield Space with RINC, a Unique Real Estate Income ETF
August 28, 2023--AXS Real Estate Income ETF (RINC) provides an alternative path to higher yields with exposure to liquid real estate investments
AXS Investments, a leading asset manager providing access to alternative investments for income, growth and diversification, is today adding a new ETF to its fund lineup: the AXS Real Estate Income ETF (RINC).
RINC seeks to track the performance of the Gapstow Real Estate Income Index (GREI) and is designed for investors looking for a differentiated source of high yield.
The RINC ETF marks the launch of the AXS partnership with Gapstow Capital Partners, which developed the fund's underlying index. This proprietary index is designed to track publicly traded mortgage REITs (mREITs) that own and/or originate real estate debt. Unlike existing ETFs providing mREIT exposure, RINC is equally weighted by sector-50% commercial real estate lending, 25% non-agency residential real estate debt, and 25% agency residential real estate debt-with the mREITs within those sectors also equally weighted. The index rebalances quarterly to maintain its diversified exposure.
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Source: AXS Investments
SEC Announces First Fee Rate Advisory for Fiscal Year 2024
August 25, 2023--The Securities and Exchange Commission today announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $110.20 per million dollars to $147.60 per million dollars, effective Oct. 1.
The new fee rate will be applicable to the registration of securities under Section 6(b) of the Securities Act of 1933, the repurchase of securities under Section 13(e) of the Securities Exchange Act of 1934, and proxy solicitations and statements in corporate control transactions under Section 14(g) of the Securities Exchange Act of 1934.
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Source: SEC.gov
KraneShares Dynamic Emerging Markets Strategy ETF (Ticker: KEM) Lists On NYSE
August 25, 2023--Krane Funds Advisors, LLC ("KraneShares"), an asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of the KraneShares Dynamic Emerging Markets Strategy ETF (Ticker: KEM) on the New York Stock Exchange.
KEM is designed to address evolving opportunities within the emerging markets (EM) landscape, highlighting the significance of China as a separate asset class. KEM dynamically allocates between China and Emerging Markets ex China, optimizing China exposure based on real-time signals. China and Emerging Markets ex China are represented in KEM by the KraneShares MSCI All China Index ETF (Ticker: KALL) and the KraneShares MSCI Emerging Markets ex China Index ETF (Ticker: KEMX), respectively.
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Source: KraneShares
