Americas ETP News
If your looking for specific news, using the search function will narrow down the results
ProShares Bitcoin Futures ETF Wins 'First Mover Advantage' as VanEck Launch Falls Flat
November 23, 2021--The ProShares ETF has $1,4 billion in assets, compared with $8.7 million for the VanEck fund.
November 22, 2021--VanEck investments' newly listed bitcoin futures exchange-traded fund (ETF) saw limited uptake when it launched last week. Some analysts say that's unsurprising because a rival bitcoin futures ETF launched by ProShares several weeks earlier appears to have enjoyed a first-mover advantage.
As of Friday, the ProShares Bitcoin Strategy ETF (stock ticker BITO) had net assets of $1.4 billion. In October, it was the first bitcoin futures ETF to go live in the U.S. after it won regulatory approval from the U.S. Securities and Exchange Commission.
Those assets dwarf the $57 million for Valkyrie's bitcoin futures ETF (ticker BTF), launched a few days later, and the $8.7 million reported for the VanEck ETF, which didn't come to market until last week.
view more
Source: coindesk.com
Direxion Launches Nanotechnology ETF (TYNE)
November 23, 2021--Offers Exposure to Continuously Expanding Nanotechnology Sector
Direxion announced today the launch of the The Direxion Nanotechnology ETF (Ticker: TYNE) TYNE invests in companies believed to be at the forefront of nanotechnology, spanning the traditional sectors of consumer discretionary, health care, industrials, information technology and materials.
"Investors continue to seek exposure to disruptive industries, but one important area they may not yet fully appreciate is nanotechnology," said David Mazza, Managing Director, Head of Product at Direxion. "Nanotech is used today in awide variety of businesses, ranging from agriculture, to biotech, to defense, to energy and semiconductors. With this innovation, materials can be made stronger, lighter, more durable and more reactive, helping to reduce costs and increase producivity."
view more
Source: direxion.com
Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs
November 22, 2021--The American exchange-traded fund (ETF) issuer Invesco has for the first time revealed the reason for its surprise decision to pull out of the race to bring a bitcoin (BTC) futures-backed ETF to the market-and just like its competitor Bitwise Asset Management, the firm has blamed the rules from the US Securities and Exchange Commission (SEC).
According to Invesco, the main problem is the SEC's requirement that an ETF only holds bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). Futures contracts must be rolled over each month as they expire, which adds complexity and costs to the management of the ETF.
view more
Source: cryptonews.com
First Trust Expands its Actively Managed Fixed Income Lineup with the First Trust Limited Duration Investment Grade Corporate ETF
November 18, 2021--First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the First Trust Limited Duration Investment Grade Corporate ETF (NYSE Arca: FSIG) ("the fund"). FSIG seeks to deliver current income by investing at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade corporate debt securities.*
In addition, the fund has a limited duration portfolio mandate and seeks to construct a portfolio that has a weighted average duration of +/- one year of the Bloomberg U.S. Corporate Bond 1-5 Year Index, which may provide less interest rate volatility relative to a longer duration corporate bond portfolio. A security's duration is a measure of its price sensitivity to interest rate movements. In other words, it tells the investor how much the security's price is likely to change for a given change in interest rates.
Finding opportunities to generate attractive income in a low interest rate environment can be challenging. Investment grade corporate bonds with short maturities may provide attractive income and diversification benefits to fixed income portfolios.
view more
Source: First Trust
American Century Investments And Nomura Launch Active ETF For High Yield Bonds
November 18, 2021--Global investment managers American Century Investments and Nomura Asset Management announced the launch of a new exchange traded fund (ETF): American Century Select High Yield (AHYB). The new transparent active ETF will be listed on the New York Stock Exchange (NYSE Arca, Inc.).
The new ETF will be subadvised by Nomura Corporate Research and Asset Management (NCRAM) and will have the same investment philosophy as the seven-year old American Century High-Income mutual fund, while focusing on BB and B rated high yield bonds. AHYB seeks to provide high current income and offers an opportunity to access a high yield strategy with strong potential risk-adjusted returns. The fund has an expense ratio of 0.45 percent and will disclose its holdings daily.
view more
Source: American Century Investments
'Work from home' ETFs diverge as investors bet on reopening
November 17, 2021--Cloud computing and remote communications stocks stay strong while consumer names struggle
The performances of two rival funds launched to track the shift toward remote working have diverged wildly this year, as investors bet that...
view more
Source: ft.com
Invesco Starts Sustainability-Focused Version of S&P 500 ETF
November 17, 2021--Invesco Ltd. has launched a sustainability version of its second biggest exchange-traded fund as asset managers experience a surge in demand for environmental, social and governance-focused investments.
The Invesco ESG S&P 500 Equal Weight ETF will invest in companies considered leaders in ESG metrics, Invesco said in a statement Wednesday.
The move adds an ESG focus to the asset manager's longstanding ETF that tracks the S&P 500, which has $31 billion of assets, according to John Hoffman, Americas head of ETFs and indexed strategies at Invesco.
view more
Source: bloomberg.com
Nottingham Announces Three Mutual Fund to ETF Conversions
November 16, 2021--The Nottingham Company, a consultant for mutual funds and ETFs and an ETF administrator, has launched three actively managed ETFs that are conversions from open-end mutual fund strategies. The three funds, the AI Quality Growth ETF (AQGX), the RH Tactical Outlook ETF (RHTX), and the RH Tactical Rotation ETF (RHRX), were listed on the NYSE and joined the Adaptive ETF funds umbrella.
Two more conversions are set to be announced this week.
Nottingham brings mutual fund conversion experience to the table as the first fund administrator to have converted a strategy in May. Mutual fund conversion is a complex process that Nottingham partnered extensively with the SEC on while converting its first fund, and it continues to work with the regulatory agency for each one to ensure that they are done accurately and are in compliance.
view more
Source: nasdaq.com
Global X ETFs Launches Blockchain & Bitcoin Strategy ETF (BITS)
November 16, 2021--Fund Provides Exposure to Bitcoin Futures and the Broader Blockchain Ecosystem
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Blockchain & Bitcoin Strategy ETF (BITS). The fund will be actively managed and among the first ETFs designed to provide long-term investors with access to both bitcoin futures as well as companies positioned to potentially benefit from advances in blockchain technology.
BITS' approach to owning both bitcoin futures and blockchain equities offers investors a thematic approach to the rapidly emerging digital assets space. Bitcoin, the world's largest cryptocurrency, continues to benefit from greater adoption as both a means of transacting as well as a long term investment, especially by investors seeking growth potential and diversification from an alternative asset. Blockchain equities, such as those involved in: 1) digital asset mining; 2) blockchain and digital asset transactions, hardware, and integration; and 3) blockchain applications and software services, are well-positioned to benefit from advances in and expanded use-cases for blockchain technology.
view more
Source: Global X ETFs
Dimensional Lists Four Fixed Income ETFs and Announces Further Expansion of ETF Offering
November 16, 2021--The firm brings nearly 40 years of expertise in systematic fixed income to ETFs, files for 10 new ETFs providing the components of full asset allocations using Dimensional ETFs
Dimensional Fund Advisors, a global leader in systematic investing, listed today the company's first four active transparent fixed income exchange-traded funds (ETFs) and filed a preliminary registration statement for 10 more equity ETFs.
Dimensional Fixed Income ETFs
Dimensional launched one of the industry's first systematic bond funds in 1983. The firm has continued to refine and advance its investment process and today manages more than 35 strategies and $120 billion in fixed income assets, as of the end of October 2021.
view more
Source: us.dimensional.com
