Americas ETP News
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Gensler's Preference for Bitcoin Futures Products Is Likely Bad News for a Spot BTC ETF
August 5, 2021--U.S. Securities and Exchange Commission Chairman Gary Gensler's comments this week have some digital asset managers realizing that the excitement in the first half of the year for a true bitcoin exchange-traded fund (ETF) may have been premature.
In remarks at the Aspen Security Forum on Tuesday, Gensler noted that he would be partial to ETFs based on bitcoin futures traded on the Chicago Mercantile Exchange (CME).
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Source: finance.yahoo.com
Companies dole out stocks and ETFs as perks to loyal customers
August 5, 2021--AT&T's Cricket Wireless ties up with micro-investing app Acorns to reduce churn among pre-paid phone users.
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Source: ft.com
Nuveen enters active ETF market, bolstering lineup with three semi-transparent actively managed funds
August 5, 2021--Three flagship, high-conviction equity strategies are now available both as a mutual fund and as an ETF.
With this launch, Nuveen underscores a longstanding commitment to innovation and to providing choice and flexibility in helping investors achieve their goals
Nuveen today launched its first suite of active semi-transparent Exchange Traded Funds (ETFs). Already available as mutual fund strategies, the three semi-transparent active ETFs combine the structural advantages of both the ETF and mutual fund wrappers, with the objective of helping clients meet their financial goals through the investment vehicle of their choice.
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Source: Nuveen
Duff & Phelps Investment Management Introduces Actively Managed Clean Energy ETF
August 4, 2021--Virtus Duff & Phelps Clean Energy ETF (VCLN) invests in global sustainable companies
Duff & Phelps Investment Management Co. and Virtus ETF Solutions,both affiliates of Virtus Investment Partners,Inc. (NASDAQ: VRTS),today announced the introduction of the Virtus Duff & Phelps Clean Energy ETF (NYSE: VCLN),the first ETF strategy managed by Duff & Phelps.
The Virtus Duff & Phelps Clean Energy ETF seeks attractive total returns by investing globally in a portfolio of clean,renewable,and sustainable companies and technologies that will power the energy needs of the future.
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Source: Virtus Investment Partners, Inc
SonicShares ETFs Launches a Global Shipping ETF (BOAT)
August 4, 2021--BOAT is the only pure-play maritime shipping company ETF in the United States
BOAT gives investors exposure to global maritime shipping stocks
BOAT allows you to invest in the potential growth in shipping and the global economic recovery
SonicSharesTM announced the launch today of the SonicSharesTM Global Shipping ETF (NYSE Arca: BOAT), which seeks to track the Solactive Global Shipping Index (the "Index").
BOAT provides investors with pure play exposure to a portfolio of global companies engaged in maritime shipping.
It is difficult to overstate how important shipping is to international trade and the global economy as around 90% of the world’s trade is carried by sea.1 Without shipping, the bulk transport of raw materials and the import/export of food and manufactured goods would simply be impossible.2 The recent Suez Canal blockage and the current supply chain crisis triggered by a shortage of shipping containers highlights the critical role shipping plays in the manufacturing, distribution and retail sectors.
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Source: SonicSharesTM ETFs
SEC's Gensler Signals Pathway for a Bitcoin ETF With Tough Rules
August 3, 2021--He hints at openness for an ETF with full mutual fund rules
He says he looks forward to SEC reviewing such a product
U.S. Securities and Exchange Commission Chair Gary Gensler is signaling a pathway for approving a Bitcoin exchange-traded fund, a move that crypto enthusiasts say is crucial for taking tokens to the mainstream.
Gensler said that an ETF that complies with the SEC's strict rules for mutual funds could provide investors with necessary protections. Speaking in his first major speech on cryptocurrencies, Gensler also signaled an openness to an ETF focused exclusively on Bitcoin futures, which are offered by CME Group Inc. and require that investors put down substantial margin to trade.
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Source: bloomberg.com
China tech crackdown claims specialised ETF victims
August 2, 2021--Funds with narrow focus on affected sectors feel the burn
Beijing's regulatory crackdown on some of its biggest companies in technology and education has delivered a bruising blow to highly specialised China-focused exchange traded funds.
Broad-based tech ETFs have sailed through virtually unscathed, but some narrowly focused thematic instruments have taken a beating.
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Source: ftchinese.com
Advisers test new fee models to widen their customer base
July 30, 2020--Payment based on assets under management is a poor proxy for work done for clients
Giving counsel on which assets to buy was once the central pillar of what registered investment advisers offered clients, but in recent years their role has sprawled to include financial planning, tax advice and other services.
Investing now takes up just 25 per cent of their time, according to this year's FT 300 top registered investment advisers. Yet the vast majority still use the decades-old approach of charging clients based on their assets under management -leading some industry observers to question whether this represents good value for clients.
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Source: FT.com
US ETF inflows surge past $500bn this year to eclipse 2020 record
July 29, 2021--Total assets reach $6.6tn as buoyant markets boost appeal of low-cost investment vehicles
Investors have ploughed half a trillion dollars into US exchange traded funds in less than eight months, eclipsing last year's record haul in the latest sign of how booming markets have sparked a rush into the low-cost vehicles.
Net inflows into US listed ETFs are running at $505bn so far this year, topping the total for 2020 by $1bn, according to CFRA, a data and research service. Total US ETF assets under management have hit $6.6tn.
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Source: FT.com
Direxion Launches New Daily 2X Leveraged ETF
July 29, 2021--New ETF Provides 200% Exposure to the Global Clean Energy Business
Direxion launched the Direxion Daily Global Clean Energy Bull 2X Shares (Ticker: KLNE). The Fund seeks to achieve 200% of the daily performance of the S&P Global Clean Energy Index.
The S&P Global Clean Energy Index provides exposure to companies from developed markets whose economic fortunes are tied to the global clean energy business. As of May 31, 2021, the index consisted of 81 constituents, which had a median total market capitalization of $11.2 billion, total market capitalizations ranging from $320 million to $143.5 billion and were concentrated in the utilities, industrials and information technology sectors.
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Source: direxion.com
