Americas ETP News
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Low-volatility ETFs lose favour as investors jump to buffered peers
November 1, 2024--Despite poor returns in recent years, analysts say people could be missing out on their long-term investment potential
Low-and minimum-volatility funds are haemorrhaging money as performance continues to disappoint and investors shift to a newer, shinier way of managing risk in equity markets.
Investors have pulled $43.8bn from US-listed low-volatility exchange traded funds since February 2020, according to data from State Street Global Advisors, with just one month of positive flows in the past 22.
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Source: ft.com
BlackRock becomes latest, largest firm to seek approval for ETF share class
October 31, 2024--BlackRock Inc., opens new tab on Wednesday filed an application with the U.S. Securities & Exchange Commission seeking approval to create exchange-traded fund classes for its mutual funds.
The asset management giant is the latest and by far the largest among more than 30 money managers that have made similar requests since a patent on the ETF share class structure held by Vanguard expired in May 2023.
The SEC does not have a deadline to rule on those applications, and the agency so far has only allowed Vanguard to offer both exchange-traded shares and traditional units within the same mutual fund..
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Source: reuters.com
Roundhill Investments Launches S&P 500 Target 20 Managed Distribution ETF (XPAY)
October 31, 2024-XPAY seeks to pay monthly return of capital distributions at an annualized rate of 20%.
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill S&P 500Target 20 Managed Distribution ETF (XPAY), which begins trading on NYSE Arca today.
XPAY is designed to offer investors the potential for monthly return of capital distributions while providing exposure to the S&P 500.
XPAY is specifically designed to meet the needs of income-oriented investors. By providing exposure to the S&P 500, the fund may serve as an alternative for financial advisors and investors who otherwise may opt to sell equity holdings, and therefore incur capital gains, to meet their monthly financial needs.
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Source: Roundhill Investments
US broker Schwab to roll out broader overnight trading platform
October 30, 2024--Charles Schwab Corp, opens new tab plans to expand the availability of 24-hour trading to include all stocks in major U.S. indexes as well as hundreds of ETFs beginning in about two weeks, the brokerage said in a statement on Wednesday.
The move comes amid burgeoning interest in extended hours trading from retail investors that is driving some brokers and exchanges to expand their offerings.
Last Friday, the New York Stock Exchange, a division of Intercontinental Exchange, opens new tab, said it would file for permission to extend its trading hours to 22 hours each business day.
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Source: reuters.com
Defiance ETFs Announces Increase in Leverage for MSTX and SMST ETFs to 2x
October 29, 2024--Defiance ETFs, a pioneer in leveraged single-stock ETFs, is excited to announce an increase in leverage for two of its flagship products, MSTX and SMST, from 1.75x and 1.5x respectively to 2x daily target exposure. This change marks a strategic enhancement, positioning Defiance to stay at the forefront of the market amid increased investor interest.
MSTX, Defiance's first-of-its-kind leveraged ETF providing long exposure to MicroStrategy (NASDAQ: MSTR), will now deliver 2x daily targeted exposure, enhancing potential returns for investors seeking amplified access to MicroStrategy’s price movements. MicroStrategy, a leader in data analytics and one of the largest corporate holders of Bitcoin, presents an innovative investment vehicle for investors looking to capitalize on the unique and volatile dynamics of the cryptocurrency market.
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Source: Defiance ETFs
Amplify ETFs Launches Targeted 12% Annual Option Premium Fixed Income ETF: Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP)
October 29, 2024--Collaboration with Samsung Asset Management and Bloomberg delivers the potential for high, consistent income in new, covered call fixed income ETF
Amplify ETFs announces the launch of the Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP).
TLTP allows investors to tap into the stability of U.S. Treasuries while seeking to generate high, consistent levels of income through a dynamic rules-based covered call* option strategy.
TLTP seeks to track the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, which is designed to provide a targeted annualized option premium income of 12% through writing weekly covered call options. This approach seeks to generate higher levels of income from targeted 12% option premium income as well as the underlying U.S. Treasuries. The Fund has a monthly distribution frequency.
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Source: Amplify ETFs
Westwood Holdings Group Partners With ETF Leader Ben Fulton to Expand and Scale ETF Platform
October 28, 2024--Westwood has entered into a partnership with ETF veteran Ben Fulton to scale Westwood's ETF platform,offering investors and advisors new,highly innovative strategies
Our new partnership called WEBs-"Westwood Engineered Beta"-will apply a proprietary strategy seeking to provide a more stable investment experience and better risk-adjusted returns to investors
Westwood will form the partnership by investing in WEBs Investments Inc. and will provide distribution resources and administrative support,with an option to buy the entity in the future
Ben Fulton,a recognized ETF industry leader and pioneer,grew Invesco's PowerShares ETF platform from $200 million to $80 billion during his tenure from 2005 to 2013,first as EVP,Global Product Development and later as Head of Global ETFs.
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Source: Westwood Holdings Group Inc
GraniteShares Announces Reverse Split of NVD
October 28, 2024--GraniteShares has announced it will execute a reverse share split for one of its ETFs. The total market value of the shares outstanding will not be affected as a result of the transaction.
Reverse split will be executed on GraniteShares 2x Short NVDA Daily ETF.
After the close of the markets on November 01, 2024 (the "Payable Date"), the Fund will effect a reverse split of its issued and outstanding shares...
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Source: GraniteShares
Amid ESG backlash, responsible investors are holding on to their commitments
October 24, 2024--While one-fifth of asset managers have dropped the ESG label, more than half still believe the data has value in mitigating risks and boosting returns.
New research from Cerulli Associates reveals that despite increasing political pressures, many institutional investors and asset managers in the US remain committed to responsible investing, though some are adjusting their approach to avoid political scrutiny.
The study, US Responsible Investing 2024, highlights how political backlash against environmental, social, and governance considerations has influenced industry behavior.
The report shows that while some institutional investors are reconsidering their stance on ESG, most are standing firm. About one in 10 asset owners have scaled back their integration of ESG factors due to the heated political climate. One-third of institutions (34 percent) were motivated by concerns about the cost and time involved in responding to political pushback, while others acted out of fear of litigation (24 percent) and stakeholder pressure (14 percent).
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Source: investmentnews.com
Amplify ETFs Launches the Amplify Small-Mid Cap Equity ETF (NYSE Arca: SMAP)
October 23, 2024--Amplify ETFs announces the launch of the actively managed Amplify Small-Mid Cap Equity ETF (NYSE Arca: SMAP), offering investors targeted exposure to high-quality U.S.-listed small- and mid-cap growth and value equity securities.
SMAP seeks to invest in companies with market capitalizations between $400 million and the largest companies in the Russell 2500 Index, giving successful companies room to run into mid-cap without forced premature selling. Curi RMB Capital actively manages SMAP by using a proprietary economic return framework to identify attractively priced small- to mid-cap companies across all stages of the corporate lifecycle while building a portfolio diversified by corporate lifecycle stage and sector.
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Source: Amplify ETFs
