Americas ETP News
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Federal Reserve Board and Federal Open Market Committee release economic projections from the September 21-22 FOMC meeting
September 22, 2021--Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on September 21-22, 2021, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2021 to 2024 and over the longer run.
Each participant's projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy-including a path for the federal funds rate and its longer-run value-and assumptions about othe rfactors likely to affect economic outcomes.
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Source: federalreserve.gov
First Trust Launches the First Trust SkyBridge Crypto Industry and Digital Economy ETF
September 21, 2021--An actively managed ETF that provides exposure to companies that are driving innovation in the crypto industry and digital economy
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new actively managed ETF, the First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSE Arca: CRPT) (the "fund").
The fund seeks to provide capital appreciation by investing, under normal market conditions, at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts ("ADRs") of crypto industry companies and digital economy companies. Further, under normal market conditions, the fund will invest at least 50% of its net assets (plus any investment borrowings) in crypto industry companies.
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Source: First Trust
ETF Managers Group (ETFMG) Launches World's First "Green" Technology Shipping ETF
September 21, 2021--BSEA is the First ETF to Provide Investors Exposure to the Innovative Companies Actively Developing "Green" Technologies Powering the Global Shipping Industry
ETF Managers Group LLC (ETFMG(R)), leading exchange-traded fund issuer, announced that the ETFMG Breakwave Sea Decarbonization Tech ETF (NYSE Arca: BSEA) will begin trading today on the New York Stock Exchange.
BSEA is designed to provide investors access to a diversified set of global companies involved in actively reducing the environmental impact of the global maritime sector, including those that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonization.
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Source: ETFMG
Columbia Threadneedle Investments Expands Strategic Beta Fixed Income Suite with Launch of Columbia Short Duration Bond ETF (SBND)
September 21, 2021--Columbia Threadneedle Investments today announced the expansion of its strategic beta fixed income exchange-traded fund (ETF) offerings with the launch of Columbia Short Duration Bond ETF (NYSE Arca: SBND), a short-duration bond strategy focused on generating income in four segments of the debt markets.
SBND tracks the firm's proprietary Beta Advantage(R) Short Term Bond Index, which provides a rules-based approach to investing that is diversified and weighted toward opportunity rather than indebtedness.
SBND seeks to broaden investors' income opportunity set by tracking an index resulting in a short-duration portfolio that does not sacrifice yield or take on excessive credit risk. The ETF aims to provide investors with a diversified portfolio of fixed income securities across four income-producing debt segments-U.S. investment grade corporates, U.S. investment grade securitized debt, U.S. high yield, and emerging market sovereign and quasi-sovereign debt-with a balance of yield, quality, and liquidity, SBND's rules-based indexed investment approach aims to address investor concerns that lowering duration equates to sacrificing yield, regardless of the interest rate environment.
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Source: Columbia Threadneedle Investments
FlexShares Launches New Suite of Four ESG ETFs Focused on Climate
September 21, 2021--Northern Trust Asset Management’s FlexShares(R) Exchange Traded Funds announced today the launch of a new suite of core Environmental, Social and Governance (ESG)* ETFs focused on climate, including:
FlexShares ESG & Climate US Large Cap Core Index Fund (NYSE: FEUS)
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSE: FEDM)
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (NYSE: FEIG)
FlexShares ESG & Climate High Yield Corporate Core Index Fund (NYSE: FEHY)
The four new climate ETFs add to FlexShares' existing ESG ETF offerings, FlexShares STOXX US ESG Select Index Fund (ESG) and FlexShares STOXX Global ESG Select Index Fund (ESGG). The new fund suite seeks to help investors improve their portfolio's overall ESG score and reduce carbon risk, while maintaining core equity and fixed-income exposure. The funds utilize the Northern Trust ESG Vector Score** as well as a carbon risk rating in an effort to hedge ESG-related risks and capitalize on sustainable opportunities.
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Source: FlexShares
Quadratic Capital Management Launches the Quadratic Deflation ETF (BNDD)
September 21, 2021--Quadratic Capital Management, an innovative asset management firm, today announced the launch of the Quadratic Deflation ETF (NYSE Arca: BNDD).
Managed by Nancy Davis, Quadratic Capital Management's Founder and Chief Investment Officer, BNDD seeks to profit from a variety of challenging environments including lower growth, deflation, lower or negative long-term interest rates, and/or a reduction in the spread between shorter and longer-term interest rates by investing in U.S. Treasuries and options.
In the U.S., government debt levels have soared recently amid multiple rounds of fiscal stimulus in response to the Covid-19 pandemic. Other recent trends include an aging population, advancements in technology, tax increases and increasing productivity.
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Source: Quadratic Capital Management
CrossingBridge Advisors Launches Pre-Merger SPAC ETF For Investors As A Fixed Income Alternative
September 21, 2021--CrossingBridge Pre-Merger SPAC ETF (SPC) to focus on fully-collateralized SPACs
September 21, 2021--CrossingBridge Advisors, LLC ("CrossingBridge") an investment-management firm specializing in ultra-short and low-duration strategies, including special purpose acquisition companies (SPACs), today announced the launch of the CrossingBridge Pre-Merger SPAC ETF [NASDAQ: SPC].
Typically, SPACs are fully collateralized by U.S. government securities with a mandatory liquidation date within two years. SPC will purchase SPACs at or below collateral value with the intent of disposing of the shares prior to, or at the time of, a business combination. Consequently, CrossingBridge believes that a portfolio of pre-merger SPACs will provide investors with higher yields than other fixed-income products while significantly limiting downside risk.
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Source: CrossingBridge Advisors, LLC
First Trust Announces Trading Halt of Shares of QSPT and YSEP on Cboe BZX Exchange, Inc
September 20, 2021--First Trust Advisors L.P. ("First Trust") announced today that it has requested Cboe BZX Exchange, Inc. (the "Exchange") to temporarily halt the trading of shares of FT Cboe Vest Nasdaq-100(R) Buffer ETF - September (ticker: QSPT) and FT Cboe Vest International Equity Buffer ETF- September (ticker: YSEP) (together, the "Funds") from 8:30 a.m. Central time today, Monday, September 20, 2021.
The request was the result of the identification of operational issues that would prevent the Funds from creating or redeeming shares on the primary market.
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Source: First Trust
First Trust Lists September Series of Target Outcome Buffer ETFs Based on QQQ and EFA
September 20, 2021--Upside caps announced for QSPT and YSEP, which seek a balance of upside performance potential with a downside buffer
The funds join First Trust's lineup of fast-growing actively managed Buffer ETFs.
First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager announced today that it has expanded its suite of Target Outcome ETFs(R) with Buffer Strategies based on Invesco QQQ TrustSM Series 1 ("QQQ") and iShares MSCI EAFE ETF ("EFA"). These actively managed ETFs use FLexible EXchange(R) Options ("FLEX Options") to seek to provide targeted market exposure to underlying ETFs ("reference assets") that are based on market indexes, while providing a defined downside buffer level, over a specific Target Outcome Period, which First Trust believes removes some of the uncertainty associated with investing.
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Source: First Trust
Franklin kept initial filing for gold ETF secret
September 20, 2021--The fund has been in the works since at least the spring even though no public records exist
Franklin Templeton has been quietly working with regulators to launch an ETF to rival those of State Street and iShares, with its plans for the product kept secret until this month.
Late last month, NYSE Arca asked the Securities and Exchange Commission to list the Franklin Responsibly Sourced Gold ETF on its exchange, according to a September 1 notice on the SEC's website. The SEC's approval via a so-called 19b-4 request is necessary for commodity-based ETFs such as Franklin's to launch on the public market.
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Source: ft.com
