Americas ETP News
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BlackRock filing for hedge fund strategy ETF underlines new tilt
January 9, 2025-- Move demonstrates manager's new determination to democratise alternatives and could be timely, analysts say
BlackRock's ambitions to extend its dominance into the world of alternative assets have become crystal clear in the past year. It has now unveiled its latest foray- bringing a hedge fund strategy to its exchange traded fund investors.
BlackRock's ambitions to extend its dominance into the world of alternative assets have become crystal clear in the past year. It has now unveiled its latest foray- bringing a hedge fund strategy to its exchange traded fund investors.
The world's largest asset manager has snapped up Global Infrastructure Partners, the planet's second-largest manager of private infrastructure assets; Preqin, a major private markets data group; and HPS Investment Partners, a private credit manager, as well as sealing a deal with Switzerland's Partners Group to create model portfolios containing private equity, private credit and real estate funds.
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Source: ft.com
Griffin Asset Management Announces Strategic Partnership with Hedgeye Asset Management to Launch the Full Cycle Investment Strategy
January 9, 2025-- Griffin Asset Management has engaged in a strategic partnership with Hedgeye Asset Management (HAM) to launch the Full Cycle Investment Strategy. The long only separately managed account strategy will execute ETF and Stock trades based on a proprietary model portfolio designed by HAM to track the published investment research and trade signals of Hedgeye Risk Management (Hedgeye).
HAM has licensed the full cycle investment strategy model portfolio exclusively to Griffin Asset Management, which will be responsible for the product's advisory and operational responsibilities. HAM is a subsidiary of Hedgeye, a leading independent research provider and financial media company headquartered in Stamford, CT.
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Source: Griffin Asset Management
Fidelity to convert $180mn bond index fund into ETF
January 7, 2025--The proposed move is thought to be the first conversion in the US of a passively managed index mutual fund to an ETF.
Fidelity Investments will become the first asset manager to convert an index mutual fund into an ETF, according to industry analysts.
The firm's $178mn Municipal Bond Index Fund board intends to refashion the product into an ETF in April, according to a regulatory filing.
However, the conversion of its index fund would be the first time a US fund manager has filed to refashion such a product into an ETF, according to Morningstar analyst Dan Sotiroff.
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Source: ft.com
Strive files to launch 'bitcoin bond' ETF
January 7, 2025--Filing says active ETF would invest in bonds issued by companies such as MicroStrategy
Strive Asset Management plans to launch an exchange traded fund investing in bonds issued by companies to pay for bitcoin investments, according to a regulatory filing.
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Source: ft.com
ETF flows top $1.1tn for 2024 thanks to soaring stocks and bitcoin bonanza
January 7, 2025-- A closer look at ETFs' record-breaking year.
It will be new to no one that ETFs had a stellar year in 2024.
The vehicle, in the US, ended the year with $1.1tn in inflows, more than it has ever collected before, and over $10tn in assets under management, according to data from Morningstar Direct.
ETFs averaged $92bn of inflows per month in 2024, and had over $100bn of inflows in each month of Q4.
The year's flows were boosted by strong equity markets, the S&P 500 ended the year about 23%, a post election bump and rate cuts, as well as new bitcoin products, which proved especially popular.
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Source: citywire.com
Faith Investor Services Launches the FIS Bright Portfolios Focused Equity ETF (BRIF)
January 7, 2025--New actively managed ETF combines innovative investment strategies with biblically responsible principles
Faith Investor Services, LLC (FIS) and Bright Portfolios, LLC are excited to announce the launch of the FIS Bright Portfolios Focused Equity ETF, listed on the NYSE Arca under the ticker symbol BRIF.
This actively managed ETF is designed to deliver long-term capital appreciation by investing primarily in large-cap companies with strong growth potential, while aligning with Christian values.
The FIS Bright Portfolios Focused Equity ETF views investing as ownership. Ownership comes with an ethical responsibility to advance products, processes and priorities that positively impact the lives of others. The Bright team applies a proprietary "Bright Score" screening process, which incorporates quantitative and qualitative analysis to identify companies that contribute value to others and avoid activities contrary to Christian values.
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Source: Faith Investor Services, LLC
Hull Tactical Announces Transfer of Exchange Listing of Hull Tactical US ETF
December 30, 2024-The Hull Tactical team announced intentions to transfer the Hull Tactical US ETF (HTUS) from NYSE Arca, Inc. ("NYSE Arca") to CBOE BZX Exchange, Inc. ("CBOE") on January 15th, 2025, at market open.
HTAA, LLC is the investment advisor for the Hull Tactical US ETF, which is a series of the Capitol Series Trust (the "Trust"). The Board of Trustees of the Trust approved the transfer at a meeting held on July 11th, 2024.
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Source: Hull Tactical Asset Allocation
A Record-Shattering $1 Trillion Poured Into ETFs This Year
December 30, 2024 -Assets in U.S. exchange-traded funds grew by more than 30% in 2024
Investors plowed more than $1 trillion into U.S.-based exchange-traded funds in 2024, shattering the previous record set three years ago and raising Wall Street hopes for an even bigger year ahead.
The rebound from last year's lackluster flows marked a broad embrace of U.S. assets in a year in which the S&P 500 gained around 25%, analysts said. Longer-term trends also played a role as investors extended a yearslong practice of swapping their mutual funds for the greater tax advantages and easy trading of ETFs.
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Source: wsj.com
Stockpicking funds suffer record $450bn of outflows
December 30, 2024 -Shift into passive strategies and ETFs has accelerated as performance of pricier mutual funds lags behind benchmarks
Investors plowed more than $1 trillion into U.S.-based exchange-traded funds in 2024, shattering the previous record set three years ago and raising Wall Street hopes for an even bigger year ahead.
Investors pulled a record $450bn out of actively managed stock funds this year, as a shift into cheaper index-tracking investments reshapes the asset management industry.
The outflows from stockpicking mutual funds eclipse last year's previous high of $413bn, according to data from EPFR, and underline how passive investing and exchange traded funds are hollowing out the once-dominant market for active mutual funds.
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Source: ft.com
NEOS Investments Announces Strategic Investment from Aretex Capital and Tom Lydon
December 20, 2024--NEOS Investments LLC, an innovative ETF issuer known for its tax-efficient income strategies, announces that Aretex Capital Partners, along with ETF industry expert Tom Lydon, acquired a minority interest in the company.
"We are excited to welcome Andrew Feller, David Badham and Tom Lydon. This partnership allows NEOS to continue focusing on what we value most, our clients, and delivering innovative products to meet their income needs. Additionally, they each bring different industry experience to support our continued growth. We have worked with Tom Lydon for many years and are excited to have his guidance as we continue to educate financial professionals and institutions about options-based income strategies," said NEOS Investments Co-Founder and Managing Partner, Garrett Paolella.
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Source: NEOS Investments
