Americas ETP News
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YieldMax Launches Option Income Strategy ETFs on Microsoft and Disney
August 25, 2023--YieldMax announced the launch today of the following ETFs:
YieldMax MSFT Option Income Strategy ETF (NYSE Arca: MSFO)
YieldMax DIS Option Income Strategy ETF (NYSE Arca: DISO)
MSFO and DISO seek to generate monthly income via a synthetic covered call strategy on Microsoft Corporation (MSFT) and The Walt Disney Company (DIS), respectively.
The ETFs are actively managed by ZEGA Financial. These ETFs do not invest directly in MSFT or DIS.
MSFO and DISO are the newest members of the growing YieldMax ETF family and, like all YieldMax ETFs, aim to deliver substantial monthly income to investors. Please see table below for distribution and yield information for all outstanding YieldMax ETFs.
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Source: YieldMax
Jeremy Grantham's GMO enters ETF space for the first time
August 25, 2023--The active offering will invest in companies it classifies as 'high quality'
GMO, the value-oriented house co-founded by the veteran investor Jeremy Grantham, has filed to launch its first exchange traded fund, a regulatory filing shows.
The actively managed GMO US Quality ETF will invest primarily in companies that GMO believes to be of "high quality", the filing says.
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Source: ft.com
Vanguard share class monopoly faces challenge with unique filing
August 24, 2023--US investment boutique hopes first application for mutual fund share classes of ETFs will gain approval
A US investment boutique has filed with regulators to launch mutual fund share classes of its family of exchange traded funds in the latest attempt by the industry to break Vanguard's lucrative US-wide monopoly on the innovative structure.
Vanguard was granted a US patent for its "ETF-as-a-share-class" structure in 2000, allowing it to operate a mutual fund and a sister ETF as essentially the same vehicle, generating superior tax efficiency and economies of scale.
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Source: ft.com
JPMorgan Wins Ruling That Leveraged Loans Are Not Securities
August 24, 2023--JPMorgan Chase & Co. won a federal appeals court ruling that a $1.8 billion leveraged loan at issue in a court case was not a security, a victory for the banking and private equity industries.
The decision Thursday by the Second Circuit US Court of Appeals in Manhattan came in a securities fraud lawsuit brought by a trustee for note purchasers in a 2014 syndicated loan deal led by JPMorgan. Soon after the notes began trading, the borrower, drug-testing company Millennium Health, ran into legal troubles and filed for bankruptcy the next year.
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Source: bloomberg.com
SEC Enhances the Regulation of Private Fund Advisers
August 23, 2023--The Securities and Exchange Commission today adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are designed to protect private fund investors by increasing transparency, competition, and efficiency in the private funds market.
"Private funds and their advisers play an important role in nearly every sector of the capital markets," said SEC Chair Gary Gensler. "By enhancing advisers' transparency and integrity, we will help promote greater competition and thereby efficiency. Consistent with our mission and Congressional mandate, we advance today's rules on behalf of all investors - big or small, institutional or retail, sophisticated or not."
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Source: SEC.gov
VanEck Launches Constant Maturity
Commodity Strategy ETF (CMCI)
Augusty 23, 2023-- VanEck today announced the launch of its newest ETF, the VanEck CMCI Commodity Strategy ETF (CMCI), a unique fund that brings a
"constant maturity" approach to the U.S. commodity ETF category for the first time.
CMCI is powered by the same underlying index-the UBS Constant Maturity Commodity Index ("the Index")-as the VanEck Constant Maturity Commodity Index Fund (A shares: CMCAX; I shares: COMIX), a mutual fund with a proven track record dating back to 2010 and close to $600 million in assets under management.
"Commodities have historically played a range of important roles in investor portfolios, acting as a hedge against inflation and source of uncorrelated returns.
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Source: VanEck
SS&C ALPS Advisors Adds Active Large-Cap ETF to the Lineup
August 23, 2023--The Fund can allocate to companies or sectors in response to changing economic or market conditions
SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), has partnered with Level Four Capital Management to launch the Level Four Large Cap Growth Active ETF (Nasdaq: LGRO), an active, large-cap equity ETF.
"ALPS Advisors is recognized for its collaboration with world-class sub-advisors, and our Level Four Capital Management partnership continues this tradition," said Laton Spahr, President of SS&C ALPS Advisors. "The disciplined strategy focuses on investing with a business owner's mindset with an emphasis on quality growth and price paid relative to current value."
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Source: SS&C / ALPS Advisors
Roundhill Investments Launches Global Luxury ETF (NYSE Arca: LUXX)
August 23, 2023--August 23, 2023--LUXX tracks the S&P Global Luxury Index, providing access to 80 leading global luxury companies across Europe, Asia, and North America
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill S&P Global Luxury ETF (NYSE Arca: LUXX), which begins trading on the NYSE Arca today.
At an expense ratio of 0.45%, LUXX provides investors with access to the luxury goods sector in a cost-efficient and liquid ETF format.
"Luxury goods have shown resilience through challenging economic conditions, and we believe the sector has long-term growth potential.," said Dave Mazza, Chief Strategy Officer at Roundhill Investments. "We are excited to offer investors efficient, low cost access to gain access to the global luxury sector with the launch of LUXX."
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Source: Roundhill Investments
ETFGI reports that assets invested in ETFs industry in the United States reached a record of US$7.6 trillion at the end of July
August 23, 2023--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in ETFs industry in the United States reached a record of US$7.6 trillion at the end of July. During July, the ETFs industry in the United States gathered net inflows of US$56.74 billion, bringing year-to-date net inflows to US$284.67 billion
Assets have increased 16.8% YTD in 2023, going from $6.51 trillion at end of 2022 to $7.6 trillion at the end of July, according to ETFGI's July 2023 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in the ETFs industry in the United States reached a record of $7.6 Tn at the end of July
Assets have increased 16.8% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.6 Tn.
Net inflows of $56.74 Bn in July 2023.
YTD net inflows of $284.67 Bn are the third highest on record, while the highest recorded YTD net inflows are $523.89 Bn for 2021 and YTD net inflows of $343.03 Bn in 2022.
15th month of consecutive net inflows.
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Source: ETFGI
New Leveraged Single-Stock ETFs Launch On: Tesla, Nvidia & AMD
August 22, 2023--GraniteShares, the U.S. ETF issuer, has listed four new leveraged single-stock Exchange Traded Funds (ETFs) on the NASDAQ Stock Exchange.
Highlights of the launches are as follows:
Highest leverage Tesla Long ETF 1
Highest leverage Tesla Short ETF 1
First Short AMD ETF 1
Highest leverage Short NVIDIA ETF 1
GraniteShares' new suite of leveraged single stock ETFs, enables sophisticated investors to take high conviction positions on some of the most popular stocks: TESLA, NVIDIA & AMD.
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Source: GraniteShares
