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Fed Dials Back Bond Purchases, Plots End to Stimulus by June
November 3, 2021--Central bank affirms forecast that factors driving high inflation are 'expected to be transitory'
The Federal Reserve closed a chapter on its aggressive, pandemic-driven stimulus when it approved plans Wednesday to begin scaling back its bond-buying program this month amid concerns that inflationary pressures could last longer than officials expected earlier this year.
Fed officials agreed to wind down their $120-billion-a-month asset-purchase program by $15 billion each in November and December, a pace that could phase out the purchases entirely by next June.
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Source: wsj.com
J.P. Morgan Asset Management Launches Active Fixed Income ETF: JPMorgan Income ETF (JPIE)
November 2, 2021-- J.P. Morgan Asset Management today announced the launch of JPMorgan Income ETF (JPIE) ("the fund"), an active fixed income ETF which targets debt securities across the fixed income universe, seeking to deliver yield with lower volatility and attractive distributions.
Using sector allocation shifts, JPIE invests in a wide variety of debt securities that have the potential to maximize income while reducing portfolio-level risk. JPIE draws upon the combined expertise of the firm's Global Fixed Income Currency and Commodities (GFICC) platform, providing the best ideas from diverse asset class expertise and broad investment capabilities.
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Source: J.P. Morgan Asset Management
Horizons ETFs Launches New High Interest Savings ETF
November 2, 2021--This latest ETF offering, which will trade under the ticker "CASH", provides a low-cost cash savings alternative to traditional bank accounts, with daily liquidity and a competitive interest rate paid monthly.
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") is pleased to announce the launch of the Horizons High Interest Savings ETF ("CASH" or the "ETF").
Units of the ETF will begin trading today on the Toronto Stock Exchange ("TSX").
CASH seeks to maximize monthly income for unitholders while preserving capital and liquidity by investing primarily in high interest deposit accounts with Canadian banks. The investment objective of CASH is similar to the Horizons Cash Maximizer ETF ("HSAV"), except unlike HSAV, CASH will seek to pay out regular monthly distributions of income.
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Source: Horizons ETFs Management (Canada) Inc
Simplify Asset Management Adds to Its Options-focused ETF Offerings With the Launch of the Simplify Hedged Equity ETF (HEQT)
November 2, 2021--Fund is fully invested in the S&P 500 with simultaneous exposure to a series of put-spread collars designed to help reduce volatility
Simplify Asset Management ("Simplify"),an innovative provider of options-based Exchange Traded Funds ("ETFs"),today announced the latest addition to its fast-growing ETF family: the Simplify Hedged Equity ETF (HEQT).
HEQT seeks capital appreciation by fully investing in a low-cost S&P 500 ETF while simultaneously investing in a series of put-spread collars designed to help reduce volatility. By deploying a ladder of collars that expire over three sequential months, the fund seeks to create a hedged equity approach with more robust opportunities for improving rebalancing luck. Each collar consists of an approximately 5% OTM to 20% Out of the Money (OTM) put-spread, funded by selling a call. HEQT is the first equity ETF to utilize this laddered approach to put-spread collars.
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Source: Simplify Asset Management Inc.
-AdvisorShares Announces North Square Investments' Affiliate, CS McKee, as Sub-Advisor to ESG Core Bond ETF (Ticker: MENV) and Ultra-Low Duration Fixed Income ETF (Ticker: HOLD)
November 1, 2021-AdvisorShares, a leading sponsor of actively managed ETFs, announced today that CS McKee, an affiliated manager of North Square Investments (North Square), will assume sub-advisor responsibilities of the AdvisorShares FolioBeyond Smart Core Bond ETF (NYSE Arca: FWDB) and the AdvisorShares Sage Core Reserves ETF (NYSE Arca: HOLD).
Effective today, both funds will be renamed the AdvisorShares North Square McKee ESG Core Bond ETF and the AdvisorShares North Square McKee Core Reserves ETF. FWDB will change its ticker symbol to MENV while HOLD will maintain its current ticker symbol.
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Source: AdvisorShares
Simple, low-cost ETFs lead race for investors' cash
November 1, 2021--Vanguard's easy to explain funds find broad appeal, but iShares still leads the pack.
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Source: FT.com
Roundhill Investments And IO Digital Index Partners Launch Digital Infrastructure ETF (NYSE:BYTE)
October 28, 2021--Roundhill Investments ("Roundhill") has launched the Roundhill IO Digital Infrastructure ETF ("BYTE ETF"). The BYTE ETF seeks to provide investors with exposure to the potential growth opportunities of the digital infrastructure sector.
Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets may include fixed-line, high-speed data transmission technology and hardware (such as fiber optic cable and certain "last-mile" technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets.
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Source: Roundhill Investments
Volt Equity Looking to Revolutionize With Launch of Bitcoin Industry-Focused ETF
October 28, 2021--The Volt Crypto Industry Revolution & Tech ETF (BTCR) began trading today on the NYSE Arca and focuses on companies that have exposure to bitcoin and the infrastructure surrounding it. BTCR opened at $21.00 in an homage to the 21 million bitcoin cap.
"Bitcoin is not just a coin, it’s a revolution that encompasses miners, companies using it on their balance sheet, and everyday HODLers who want to hold the first digital store of value that can't be inflated away by a government," Volt Equity’s CEO Tad Park told CoinTelegraph.
The fund invests in companies that have exposure to bitcoin and the bitcoin infrastructure, and it includes an options overlay strategy to hedge against market movement and individual company movement.
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Source: nasdaq.com
Fount Launches Two Thematic ETFs
October 28, 2021--Fount's New ETFs Provide Exposure to the Metaverse and Subscription Economy
Today, Fount Investment Co., Ltd. launched two new thematic ETFs: the Fount Metaverse ETF (MVTR) and the Fount Subscription Economy ETF (SUBS). MVTR looks to provide exposure to companies related to metaverse technology. SUBS seeks to provide exposure to companies offering subscription services.
The metaverse and subscription services are two rapidly growing markets. The metaverse, even with all the groundbreaking developments in technology, has yet to reach its full potential to be the future iteration of the existing internet. Bloomberg estimates that the market size of the metaverse may reach $800 billion by 2024.[1] Additionally, a significant amount of consumers are transitioning from an ownership to a usership model. 78% of adults worldwide utilize subscription services, and 75% believe that, in the future, they will subscribe to more services and own less physical stuff.[2]
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Source: Fount Investment Co., Ltd
BlackRock cuts fees on $14bn in ETFs
October 28, 2021--The $6.6bn iShares Floating Rate Bond ETF now carries a fee of 15 basis points.
BlackRock has shaved up to 10 basis points off the fees on eight ETFs, including a family of target-risk strategies and a popular floating-rate bond product, filings show.
The new expense ratios went into effect immediately, according to disclosures.
The ETFs represented a combined $14bn in assets as of September 30, according to Morningstar Direct.
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Source: ft.com
