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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
Avantis Investors Launches Value And Real Estate ETFs
September 30, 2021--As it celebrates its second anniversary, Avantis Investors(R), a $7 billion* investment offering from global asset manager American Century Investments(R), today announced the expansion of its investment capabilities with the launch of four new exchange traded funds (ETFs): Avantis(R) Emerging Markets Value ETF (AVES); Avantis(R) International Large Cap Value ETF (AVIV); Avantis(R) U.S. Large Cap Value ETF (AVLV); and Avantis(R) Real Estate ETF (AVRE).
Each vehicle, listed on the New York Stock Exchange (NYSE Arca, Inc.), relies on a proprietary systematic investment approach that combines the latest in financial science with common sense investment principles.
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Source: American Century Investments
ProShares Launches Three New Thematic ETFs Focused on Business Innovations
September 30, 2021--ProShares, a premier provider of ETFs, today announced the launch of three new thematic ETFs: ProShares S&P Kensho Smart Factories ETF (Ticker: MAKX), ProShares Big Data Refiners ETF (Ticker: DAT) and ProShares S&P Kensho Cleantech ETF (Ticker: CTEX).
"Each ETF is designed to offer investors exposure to a rapidly changing industry, from the automation of manufacturing, to enhanced analytics and big data processing, to powering the transition to clean energy," said ProShares CEO Michael L. Sapir. "We are pleased to expand our family of ETFs with these new funds."
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Source: ProShares
Federal Reserve Bank of NY-Climate Stress Testing
September 30, 2021--Climate change could impose systemic risks upon the financial sector, either via disruptions in economic activity resulting from the physical impacts of climate change or changes in policies as the economy transitions to a less carbon-intensive environment. We develop a stress testing procedure to test the resilience of financial institutions to climate-related risks.
Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in the collapse of fossil-fuel prices in 2020.
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Source: newyorkfed.org
CBO-Federal Debt and the Statutory Limit, September 2021
September 29, 2021-Summary
The debt limit-commonly called the debt ceiling-is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased over the years to finance the government's operations.
The Bipartisan Budget Act of 2019 (Public Law 116-37) suspended that limit until July 31, 2021. On August 1, the debt limit was reset to $28.4 trillion; on the following day, the Treasury announced a "debt issuance suspension period" during which, under current law, it may take "extraordinary measures" to borrow additional funds without breaching the debt ceiling.
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Source: CBO-(Congressional Budget Office)
Day Hagan Debuts 2nd ETF
September 29, 2021--Day Hagan Asset Management is rolling out a complementary fund to its $299 million Day Hagan/Ned Davis Research Smart Sector ETF (SSUS), which launched in January 2020.
The actively managed Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) invests in different categories of the bond markets based on a proprietary model, similar to what SSUS does with equity sectors.
The new fund coms with an expense ratio of 0.79% and lists on the NYSE Arca.
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Source: yahoo.com
T. Rowe Expands ETF Business With Actively Managed Bond Funds
September 29, 2021--T. Rowe Price Group Inc., the $1.68 trillion money manager that started its first exchange traded fund last year, added three actively managed bond funds to its lineup.
The offerings expand the firm's ETF roster to eight funds, Baltimore-based T. Rowe said in a statement issued Wednesday.
The move is part of a surge of interest in actively managed ETFs over the past year as money managers seek to attract investors to new products that look to beat benchmarks instead of tracking indexes. Inflows into active ETFs are on pace to surpass last year's record.
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Source: bnnbloomberg.ca
