Americas ETP News
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T Rowe Price to target rising rates with planned bond ETF
May 18, 2022--Manager plans to launch the Floating Rate ETF and US High Yield Bond ETF in August
T Rowe Price plans to add strategies to its nascent bond ETF suite, including one that aims to defend portfolios from rising interest rates.
The manager plans to launch the Floating Rate ETF and the US High Yield Bond ETF, according to paperwork filed last week. The products are set to join three other fixed-income ETF strategies that the firm launched in September 2021.
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Source: ft.com
New ETF Suite Leverages Proprietary Factor-Based Approach
May 18, 2022-SEI (NASDAQ: SEIC) today announced the launch of its first ETFs, a suite of four large-cap, factor-based strategies designed to support a goals-based wealth management approach.
The new funds include the:
SEI Enhanced U.S. Large Cap Quality Factor ETF
SEI Enhanced U.S. Large Cap Momentum Factor ETF
SEI Enhanced U.S. Large Cap Value Factor ETF
SEI Enhanced Low Volatility U.S. Large Cap ETF
SEI's Factor ETF suite seeks to provide long-term capital appreciation, utilizing a quantitative-based, active stock selection investment strategy to evaluate large-capitalization stocks tailored to each of the respective factors.
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Source: SEI
Simplify Announces Launch of the Simplify Macro Strategy ETF (FIG) Led by Hedge Fund Veteran Michael Green
May 17, 2022--New fund will offer a modern take on the balanced portfolio, helping investors navigate the asset allocation challenge presented by the current market environment
Simplify Asset Management ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs") designed to solve today’s most pressing portfolio construction challenges, is today launching its newest ETF, the Simplify Macro Strategy ETF (NYSE Arca: FIG).
FIG is a modern take on the balanced portfolio, designed to be a risk-balanced portfolio of asset classes structured to pursue equity-like returns with lower volatility The Fund will invest in equity, fixed income, and alternative ETFs and derivatives, with a trading strategy that is based on the portfolio management team's interpretation of large economic events on the national, regional, and global scale.
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Source: Simplify Asset Management Inc
How much higher can interest rates go? A lot higher.
May 19, 2022--There has recently been a lot of talk in the market, on financial news and elsewhere that basically takes the following form:
Yes, the Fed has to raise short-term interest rates. They will move 50 basis points at each of the next "X" meetings. However, the market has already priced it in, so we have seen peak inflation and we have seen the worst in long-term rates.
This view could not be more wrong.
Medium- and long-term interest rates can and very likely will go a lot higher.
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Source: foliobeyond.com
How More Than $1 Trillion of Crypto Vanished in Just Six Months
May 13, 2022--The helium is coming out of bitcoin and other cryptocurrencies as investors shy away from risk
Traders' flight from risky investments has halved the price of bitcoin and other cryptocurrencies,wiping out more than $1 trillion worth of digital money since November.
Wild swings are fairly common with cryptocurrencies,but even seasoned investors were left reeling as bitcoin dropped 29% over a seven-day losing streak that just ended as a stablecoin-one part of the crypto world that touted its stability-unexpectedly crashed.
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Source: wsj.com
Bitcoin's crashing.
May 13, 2022-The Biden administration wants to keep it out of your 401(k).
A move by Fidelity Investments to let retirement savers add Bitcoin to their 401(k)s is becoming a new flash point in the fight over crypto regulation, pitting free-market Republicans against Democrats who say it’s a threat to millions of consumers.
The Biden Labor Department,which polices employer-sponsored 401(k)s,has warned the 76-year-old asset management firm that its foray into volatile crypto markets could endanger future retirees.
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Source: politico.com
DoubleLine Shiller CAPE(R) U.S. Equities ETF to Trade Under the Ticker "CAPE"
May 12, 2022-- At the open of trading on May 25, the DoubleLine Shiller CAPE(R) U.S. Equities ETF (or the "Equities ETF") will begin trading under the ticker symbol "CAPE." The Equities ETF was launched April 5 on the NYSE Arca under the ticker symbol "DCPE." Until recently, "CAPE" was the ticker symbol for the iPath Shiller CAPE exchange-traded note issued by Barclays.
DoubleLine Shiller CAPE(R) U.S. Equities ETF seeks total return that exceeds the total return of the S&P 500 Index by managing the portfolio to approximate the return of the Shiller Barclays CAPE(R) U.S. Sector TR USD Index (or "the Index"). The Index incorporates the principles of long-term investing distilled by Dr. Robert Shiller and expressed through the CAPE(R) (Cyclically Adjusted Price Earnings) ratio (the "CAPE(R) Ratio").
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Source: DoubleLine
State Street Global Advisors Launches SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
May 12, 2022--SPDR's first fixed income ETF built on liquidity
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG).
Designed to blend the advantages of an ETF with the tradability benefits of investing in US Investment grade corporate bonds with higher liquidity compared to the broader U.S. corporate bond market, LQIG offers investors credit exposure with the potential for tighter bid-ask spreads, lower premium/discounts, and more transparency into the underlying holdings' real-time valuations.
"The growth of electronic bond trading volume coupled with the increasing adoption of fixed income ETFs is bringing the benefits of bond liquidity to all investors," said Rory Tobin, Global Head of SPDR ETF Business at State Street Global Advisors.
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Source: State Street Global Advisors
GAMCO Investors to Offer Gabelli Financial Services Opportunities ETF (GABF)
May 10, 2022--GAMCO Investors, Inc. ("GAMCO") (NYSE: GBL) will launch Gabelli Financial Services Opportunities ETF (NYSE: GABF), on or around May 10, 2022.
GAMCO will offer a "loyalty" program under which the first $25 million of the Fund's assets under management will incur no fees and expenses.
GABF's investment objective is to seek capital appreciation.
The Fund will seek to identify and invest in leading firms in the financial services sector that are positioned to benefit from long-term economic trends including greater demand for wealth advisory and asset management services
The Fund will seek out firms that are instrumental in building and providing payments infrastructure and firms that are leveraging technology to lower client acquisition costs, improve operating efficiency, and drive higher customer engagement from digital applications
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Source: Gabelli Funds, LLC
The First AI-driven Target Income ETF Aims a Steady 7% Annual Distribution Rate
May 10, 2022-- AI-based asset management fintech start-up Akros Technologies becomes the first to list an AI-driven target income ETF with monthly distributions at the NYSE.
Akros' income ETF aims for monthly distributions of an annualized target rate of 7% to seek income maximization.
Akros is on course to list another ETF in the 2nd half of 2022 targeting capital gain maximization.
Akros is led by the co-founder and CEO Kyle Moon who has a vast experience in AI and its application in finance.
AI-driven asset management fintech start-up Akros Technologies ("Akros") announced on Friday the 6th of May that it has become the first company to list an AI-driven target income ETF with monthly distributions at the NYSE.
The listed income ETF is 'Akros Monthly Payout ETF' (ticker: MPAY) which aims for monthly distributions at an annualized target rate of 7%. The distributions of the ETF are comparable in essence to stock dividends such that MPAY can serve as a viable investment option for those who are looking for a new source of passive income and those looking to save for retirement. The ETF benchmarks 'Akros Multi-Asset Index' that the company developed last month without options and leverage.
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Source: Akros Technologies
