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Motley Fool ramps up ETFs focus with $1bn conversions plan
October 5, 2021--Motley Fool's asset management affiliates plan to jump into the wave of investment trust-to-ETF conversions as part of a business review.
Formerly known by the acronym MFAM, Motley Fool Asset Management will convert the actively managed $ 704 million MFAM Global Opportunity and the $ 331 million MFAM Midcap Growth Fund to ETFs by the end of the year. It's a schedule. The manager already manages two index ETFs, the $ 526 million Motley Fool 100 Index ETF and the $ 186 million MFAM Small Cap Growth ETF.
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Source: marketresearchbizreports
Rising Rates ETF "RISR" Unveiled by FolioBeyond and Tidal ETF Services
October 4, 2021--FolioBeyond, in collaboration with Tidal ETF Services, announces the launch of the Folio Beyond Rising Rates ETF (ticker: RISR), the Fund seeks to provide current income in a stable rate environment and protect against rising interest rates. We believe both institutions and retail investors can utilize RISR as a unique hedge against rising interest rates in what is a potentially increasing inflationary economic environment that ultimately must be dealt with by every investor.
"The global pandemic has extended a long-term macro environment where interest rates are extremely low and appear asymmetrically skewed toward higher rates in the future," said Yung Lim, CEO of FolioBeyond. "Most rising rate protection strategies are expensive and exhibit negative carry. RISR employs a positive carry strategy that looks to benefit from secularly higher interest rates and could attract significant interest from a broad range of institutions and retail investors." RISR is uniquely focused on these features and offers a much-needed risk in the ETF space.
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Source: FolioBeyond
Up to a quarter of US equity ETF revenues derived from China
October 4, 2021--Bank of America analysis shows how difficult it is to avoid fallout from Beijing's crackdown
Up to a quarter of the revenues generated by the constituent companies of exchange traded funds focused on US stocks are derived from sales to China, according to research by Bank of America.
The analysis demonstrates how difficult it is for investors to avoid the fallout from Beijing's crackdown on a swath of private sector activities.
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Source: ft.com
SEC rolls decisions on four bitcoin ETF applications to end of 2021
October 3, 2021--The Securities and Exchange Commission (SEC) punted on four bitcoin exchange-traded fund (ETF) applications today, shifting deadlines into late November and December.
Issuers Global X, Valkyrie, WisdomTree and Kryptoin all received extension on their proposals today.
The proposals are now slated to receive their decisions on Nov. 21, Dec. 8, Dec. 11 and Dec. 24, respectively. Kryptoin, WisdomTree and Valkyrie, have all faced previous extensions.
Each order notice read:
"The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith."
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Source: theblockcrypto.com
Investors fled Cathie Wood's flagship fund in the 3rd quarter faster than any other on record
October 1, 2021--Investors poured out of Cathie Wood's flagship innovation ETF at the fastest quarterly pace on record, according to a new Bloomberg report.
The ARK Innovation ETF, also called ARKK, saw $1.97 billion in outflows in the third quarter, marking the steepest-ever move out of the fund since its 2014 launch.
The turbulent quarter for ARKK adds to a tough year for the popular tech-focused ETF.
Investors poured out of Cathie Wood's flagship innovation ETF at the fastest quarterly pace on record, according to a new Bloomberg report.
The ARK Innovation ETF, also called ARKK, saw $1.97 billion in outflows in the third quarter, marking the steepest-ever move out of the fund since its 2014 launch. Investors began to balk at ARKK in July, a trend that gained momentum throughout August and September.
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Source: markets.businessinsider.com
Innovator Completes International Equity Power Buffer ETFTM Suite and Adds to Accelerated ETFsTM Lineup with Listing of New October Defined Outcome ETFsTM
October 1, 202--"IOCT"- Innovator International Developed Power Buffer ETFTM- October: seeks to offer upside exposure to foreign developed markets stocks, via EFA, up to a cap, with a buffer against the first 15% of loss in EFA over annual outcome period
"EOCT"- Innovator Emerging Markets Power Buffer ETFTM- October: seeks to offer upside exposure to emerging markets stocks, via EEM, up to a cap, with a buffer against the first 15% of loss in EEM over annual outcome period
XDOC, XBOC, XTOC, QTOC: New Accelerated ETFsTM
Accelerated ETFsTM seek to offer a multiple (2x or 3x) of the upside of SPY or QQQ, to a cap, with approximately single exposure to the downside, with or without a buffer, over a one-year outcome period
Tools for potential wealth accumulation, Accelerated ETFsTM seek to enhance investors' equity performance potential to a cap without taking on additional downside risk
Innovator Capital Management, LLC (Innovator), the pioneer and provider of the largest lineup of Defined Outcome ETFsTM, today announced the completion of the firm's International Equity Power Buffer ETFTM suite as well as the expansion of the Innovator Accelerated ETFsTM, the world's first ETFs to seek to offer a multiple of the upside return of a reference asset (SPY1 or QQQ2), up to a cap, with approximately single exposure on the downside.
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Source: Innovator Capital Management
Innovator Announces New Upside Caps for October and Quarterly Defined Outcome ETFsTM
October 1, 2021--New upside caps for October Series of Domestic Equity Buffer ETFsTM: Power Buffer ETFsTM on QQQ (NOCT) and U.S. Small Caps (KOCT), as well as the flagship Innovator U.S. Equity Buffer ETFsTM-BOCT, POCT, UOCT- that seek to provide SPY exposure up to a cap, with downside buffer levels of 9%, 15% or 30% over one-year Outcome Period through 9.30.2022.
New Q4 caps announced for Innovator Defined Wealth Shield ETF (BALT) and Innovator 20+ Year Treasury Bond 5 Floor ETFTM (TFJL), quarterly resetting Defined Outcome ETFsTM
Quarterly outcome period Accelerated ETFsTM reset with new upside caps for Q4: XDSQ and XDQQ seek to offer 2x the return of SPY or QQQ, up to a cap, with 1x downside exposure through year-end
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Source: Innovator Capital Management
AllianzIM Launches New Buffered Outcome ETF With 6-Month Outcome Period
October 1, 2021--ETF offers new entry point and potential for enhanced risk mitigation amid market uncertainty
Allianz Investment Management LLC (AllianzIM), a wholly owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life(R)), today launched a new buffered outcome ETF with a six-month outcome period: the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NYSE: SIXO).
AllianzIM's new ETF seeks to match the returns of the S&P 500 Price Return Index up to a stated Cap, while providing downside risk mitigation through a Buffer against the first 10% of S&P 500 Price Return Index losses for SIXO over a six-month outcome period. SIXO seeks to meet its investment objective using flexible exchange (FLEX) options.
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Source: Allianz Investment Management LLC
Pacer ETFs Expands Structured Outcome Strategy ETFs With October Series
October 1, 2021--Firm makes final additions to the in-demand series with new buffers and caps
Pacer ETFs ("Pacer"), an ETF provider that offers strategy-driven, rules-based ETFs, announces the next addition to the Pacer Swan SOS ETF family with its October series. The launch includes: Pacer Swan SOS Conservative (October) ETF (PSCQ), Pacer Swan SOS Moderate (October) ETF (PSMO) and Pacer Swan SOS Flex (October) ETF (PSFO).
Starting today, these funds will offer specific buffers and caps lasting for a 12-month target-outcome period.
The Pacer Swan SOS ETF family, launched in December 2020, seeks to provide investors with exposure to market growth up to a specific cap, while simultaneously offering a built-in downside buffer based on current market conditions in the event of a market down cycle. Each ETF within the series comes with a varied structured outcome strategy, allowing investors to be deliberate in how they manage risk.
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Source: Pacer ETF
Direxion Launches New Daily 2X Leveraged ETF
Septemeber 30, 2021--First ETF to Provide 200% Exposure to FANG, and FANG-like, Stocks
Direxion launched the Direxion Daily Select Large Caps & FANGs Bull 2X Shares (Ticker: FNGG). The Fund seeks to achieve 200% of the daily performance of the ICE FANG 20 Index.
The ICE FANG 20 Index provides exposure to Facebook, Apple, Amazon, Netflix, Google, Microsoft and similar highly-traded growth stocks of technology and tech-enabled companies from the information technology, communication services and consumer discretionary sectors, for a total of 20. As of September 10, 2021, the Index constituents had a median total market capitalization of $155 billion, with total market capitalizations ranging from $44 billion to $2.5 trillion.
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Source: direxion.com
