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Advisors Increase Use of Active ETFs, Decrease Mutual Fund Allocation
August 22, 2023--A new Cogent Syndicated report from Escalent shows fee-conscious advisors are increasingly turning to Exchange-Traded Funds (ETFs) and decreasing their allocations to mutual funds. The proportion of advisors selling ETFs reaches an all-time high at 91%, nearly equivalent to the percentage of advisors tapping mutual funds (94%).
The study also finds a large percentage of ETF users plan to increase their use of active ETFs with 48% planning to grow their use in client portfolios over the next year. On the other hand, 43% of mutual fund producers plan to decrease their mutual fund use over the next two years.
"After several bank collapses, fear of an economic downturn and one of the worst years in the market, advisors and their clients continue to feel uneasy with many worrying economic conditions will worsen," said Meredith Lloyd Rice, vice president in Escalent's Cogent Syndicated division. "To make the dollar go further, advisors are increasingly turning to ETFs and decreasing allocations to mutual funds to reduce fees and potentially make higher earnings."
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Source: Escalent, Inc.
Madison Investments Expands Actively-Managed ETF Suite with Launch of Madison Covered Call ETF (CVRD)
August 22, 2023--CVRD Leverages a Proven Covered Call Strategy to Target Higher Yields and Growth Potential
Madison Investments, an independently-owned investment firm managing $22.9 billion in assets, today announces the expansion of its suite of actively-managed ETFs with the launch of the Madison Covered Call ETF (NYSE: CVRD).
Madison Investments' ETF suite is designed to help investors pursue income and capital appreciation by employing institutional-caliber, risk-controlled investment strategies.
Today's launch follows the debut of the firm's first ETF, the Madison Dividend Value ETF (NYSE: DIVL), which invests in dividend paying stocks that exhibit above-market yield and growth potential. Madison Investments plans to expand the offerings in its ETF suite in the coming weeks with the launch of two active fixed income products: the Madison Aggregate Bond ETF (NYSE: MAGG) and the Madison Short Term Strategic Income ETF (NYSE: MSTI).
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Source: Madison Investments
Empowered files for Ark and 21Shares-branded bitcoin futures ETFs
August 21, 2023--One of the three funds will serve as an underlying ETF of the other two, filings show
Empowered Funds has filed to launch three bitcoin futures ETFs that will use the Ark Invest and 21Shares brands in their names.
Although the ETFs will use the 21Shares and Ark brands, those two firms will function as the fund' subadviser and sub-subadviser, respectively.
Empowered, a subsidiary of Alpha Architect doing business as EA Advisers, will serve as the funds' adviser.
The Ark 21Shares Active Bitcoin Futures ETF will invest primarily in bitcoin futures traded on the Chicago Mercantile Exchange.
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Source: ft.com
The Long Cramer Tracker ETF to be Closed and Liquidated
August 21, 2023--The last day of trading of the Fund's shares on CBOE will be Sept. 11, 2023
The Board of Trustees of the Northern Lights Fund Trust IV (the "Board") has authorized an orderly liquidation of the Long Cramer Tracker ETF (Symbol: "LJIM"). On Aug. 17, 2023, the Board determined that closing and liquidating the Fund was in the best interests of the Fund and its shareholders.
The last day of trading of the Fund's shares on CBOE will be Sept. 11, 2023 ("Closing Date"), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. Authorized Participants may redeem baskets of shares for a pro rata portion of the Fund's portfolio on hand through the Closing Date.
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Source: Tuttle Capital Management
GraniteShares Announces Launch of new ETF focused on most Disruptive Companies (DRUP)
August 21, 2023--GraniteShares today announced the launch of a new large-cap ETF in its fund range: GraniteShares Nasdaq Select Disruptors ETF, ticker symbol "DRUP." DRUP will track a new index created by Nasdaq called the Nasdaq US Large Cap Select Disruptors Index (the "Index").
The Index provides exposure to 50 companies with the highest 'Disruption Scores' among issuers from the Nasdaq US 500 Large Cap Index. Within the Index, companies are assigned a disruption score using a multi-factor scoring model based on several fundamental metrics, including patent value, revenue growth, research and development expenses and gross margins to capture disruption across all three stages of the business lifecycle (Early Stage, Expansion & Maturity).
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Source: GraniteShares
AGF Investments Launches AGF Enhanced U.S. Equity Income Fund
August 21, 2023--New offering available as a mutual fund with an ETF series option
AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced that it is expanding its line-up with the launch of AGF Enhanced U.S. Equity Income Fund, which effective today is available as a mutual fund with an ETF series option.
Fund: AGF Enhanced U.S. Equity Income Fund
Fund Series: Series F Available
ETF Series Ticker: AENU (NEO Exchange)
Risk Rating: Medium
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Source: AGF Management Ltd.
Global X Expands International Access Suite with Launch of the Global X Brazil Active ETF (BRAZ) and the Global X India Active ETF (NDIA)
August 18, 2023--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of two actively managed emerging market funds: The Global X Brazil Active ETF (BRAZ) and the Global X India Active ETF (NDIA).
Brazil and India represent two of the largest and most dynamic emerging markets.
Brazil boasts a skilled workforce, abundant natural resources, and a quickly growing consumer market. With a recent pivot from its central banki and a new fiscal reform package from the government, Brazil is seen as one of the best cyclical opportunities on the map.
On the other side of the globe, growth in India continues to benefit from favorable structural reforms, strong government spending, and attractive labor costs. With attractive demographics, a strong education system, and a democratic governance system, we believe India represents one of the top structural opportunities in the world. Investors seeking strong long-term global growth prospects may consider increasing their exposure to these two markets as they move from asset-heavy, low return business models into more dynamic sectors.
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Source: Global X Management Company LLC
Vanguard to Expand Active Lineup with International Dividend Growth Fund
August 18, 2023--Vanguard today announced plans to launch Vanguard International Dividend Growth Fund, an actively managed equity fund that seeks to compound wealth over the long term by investing in international companies with sustainably growing dividends.
The fund will be managed by the same experienced investment team, from Wellington Management Company LLP, behind Vanguard Dividend Growth Fund. The International Dividend Growth Fund applies the time-tested investment philosophy of Wellington Management's Dividend Growth team to international stocks.
Investors can use the International Dividend Growth Fund as a meaningful component of their international equity holdings, and it can be paired with the U.S-focused Dividend Growth Fund to build a globally diversified, actively managed equity allocation," said Dan Reyes, global head of the Portfolio Review Department at Vanguard.
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Source: Vanguard
ETF investors set to pay for helping reduce meme stock risk
August 17, 2023--Mismatches as a result of the US transition to T+1 settlement next year will particularly affect ETFs, observers say
Exchange traded fund industry participants are bracing themselves to take on a costly transfer of risk from US retail brokers, such as Robinhood, when the US unilaterally implements T+1 settlement in May next year.
The move, which will reduce the standard US trade settlement cycle of two business days to just one for all securities (US Treasuries already settle on T+1), would reduce "credit, market and liquidity risks" for market participants, according to the US Securities and Exchange Commission.
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Source: ft.com
Coinbase wins approval to offer crypto futures trading in US
August 16, 2023--Coinbase Global (COIN.O) said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC).
The move will allow Coinbase to offer bitcoin and ether futures directly to eligible U.S. customers. Until now, only its institutional clients could trade in such products.
Coinbase shares climbed 3% to $81.55 after the approval, which was granted by the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC).
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Source: reuters.com
