Americas ETP News
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SoFi gets approval to become a bank
January 19, 2022--Online lender SoFi Technologies has received approval from US regulator to become a bank holding company.
The Office of the Comptroller of the Currency and the Federal Reserve have approved SoFi's applications to become a bank through its proposed acquisition of Golden Pacific Bancorp.
SoFi agreed to buy the Californian community bank for $22.3 million last year specifically to help it obtain a bank charter. That acquisition is now set to close in February.
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Source: finextra.com
U.S. Global Investors Announces the Launch of the U.S. Global Sea to Sky Cargo ETF (SEA)
January 19, 2022--U.S. Global Investors, Inc. (Nasdaq: GROW) ("the Company"), a registered investment advisory firm that
focuses on specialized markets around the world, is excited to announce that its U.S. Global Sea to Sky Cargo ETF (SEA) will begin trading tomorrow, January 20, on the New York Stock Exchange (NYSE).
SEA seeks to provide diversified access to the global sea shipping and air freight industries. Consisting of common stocks listed on developed and emerging market exchanges across the globe, the ETF uses a smart-beta 2.0
strategy to determine the most efficient sea shipping and air freight
companies in the world. Cargo ships represent approximately 70% of the ETF,
while air freight companies represent roughly 30%.
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Source: bloomberg.com
WisdomTree Announces AI Enhanced Value Funds (AIVL & AIVI)
January 18, 2022--Actively managed value strategies seek to leverage machine learning approach from Voya's Equity Machine Intelligence (EMI) proprietary model
WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product ("ETP") sponsor and asset manager, today announced that WisdomTree's U.S. Dividend ex-Financials Fund (DTN) and International Dividend ex-Financials Fund (DOO) have been restructured into WisdomTree's U.S. AI Enhanced Value Fund (AIVL) and International AI Enhanced Value Fund (AIVI).
Both Funds are available on the NYSE with expense ratios of 0.38% and 0.58%, respectively. The WisdomTree AI Enhanced Value Funds utilize the Equity Machine Intelligence (EMI) proprietary model of Voya Investment Management Co., LLC ("Voya"), each Fund's sub-adviser. The EMI model applies data science and artificial intelligence (AI) to fundamental value investing within a dynamic investment process.
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Source: WisdomTree
ETF Industry Leader Kevin Kelly Launches New Business, Introduces Cutting-Edge Suite of ETFs
January 13, 2022--Inaugural products focus on emerging and transformative industries, including gene editing, hospitality and residential real estate
Kelly ETFs, a new exchange-traded fund (ETF) issuer that seeks to bring forward-looking and disruptive investment products to market, officially launches today.
The firm's first round of innovative ETFs also began trading, including:
The Kelly CRISPR & Gene Editing Technology ETF (Nasdaq: XDNA). XDNA is designed to capitalize on the next generation of healthcare by investing in companies disrupting the genomic and life science industries. The fund seeks to track the Strategic CRISPR & Gene Editing Technology Index, which measures the performance of developed market companies that specialize in DNA modification systems and technologies.
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Source: Kelly ETFs
Avantis Investors Launches U.S. Small Cap Equity ETF
January 13, 2022-- Avantis Investors(R), a $9.2 billion* investment offering from global asset manager American Century Investments(R), today announced the expansion of its investment capabilities with the launch of its latest exchange traded fund, Avantis U.S. Small Cap Equity ETF (AVSC).
AVSC, 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. Its expense ratio is .25%.
"As one of the fastest-growing ETF issuers in the industry, we're excited to announce an expansion of the investment offerings from Avantis Investors,"said Avantis Chief Investment Officer Eduardo Repetto.
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Source: American Century Investments
Dynamic Shares Announces Launch of Its First ETF: Dynamic Short Short-term Volatility Futures ETF
January 13, 2022-Proprietary Trading Firm Launches ETF Focused on Calculated Volatility Shorting
Dynamic Shares, an affiliate company of successful proprietary trading firm ARB Trading Group, today announced the launch of its first ETF: WEIX (Dynamic Short Short-Term Volatility Futures ETF).
Dedicated to democratizing access to sophisticated trading strategies, Dynamic Shares designed WEIX in an attempt to offer investors a better risk managed solution to shorting volatility than traditional passively managed short VIX Exchange Traded Funds. WEIX offers convenient access to an institutional-caliber investment strategy which attempts to capitalize on a structural opportunity to sell volatility that is created by equity hedging imbalances.
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Source: Dynamic Shares
Vanguard fires fresh salvo in asset management fee war
January 13, 2022-Chief executive Tim Buckley said Vanguard would cut $1bn from its investment fund fees by 2025 after reducing its charges by $140m last year.
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Source: ft.com
Newfound Research, Simplify Asset Management Announce Partnership and Launch of New Suite of Structured Alpha ETF Model Portfolios
January 12, 2022--Direct, efficient uses of diversification and leverage allow new open architecture portfolios to gain exposure to assets that may improve portfolio returns without a material increase in portfolio risk
Simplify Asset Management ("Simplify") and Newfound Research ("Newfound") are today announcing a new partnership designed to provide investors with a modern approach to navigating modern markets.
As part of their combined efforts, Newfound has launched the Structural Alpha Series of ETF model portfolios powered by Simplify's innovative family of Exchange Traded Funds.
There are four portfolios in the initial Structural Alpha suite: Conservative, Conservative Growth, Moderate Growth and Growth. The portfolios are built using an open architecture approach, including funds from a variety of providers.
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Source: Simplify Asset Management Inc.
Coinbase Buys Futures Exchange in Crypto Derivatives Push
January 12, 2022-- Biggest U.S. crypto exchange acquires FairX marketplace
Purchase could expedite efforts to diversify product portfolio
Coinbase Global Inc. is acquiring futures exchange FairX in its biggest step yet toward expanding into crypto derivatives.
Already registered with U.S. regulators. the firm could give Coinbase the edge it needs in getting a derivatives marketplace up and running. Terms of the deal were not provided.
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Source: bloomberg.com
Five charts explaining why inflation is at a 40-year high
January 12, 2022--The bumpy economic recovery has had policymakers, economists and Americans households grappling with greater price hikes for groceries, cars, rent and other essentials.
The latest inflation data, released by the Bureau of Labor Statistics, showed prices in December rose to a 40-year high, climbing 7.0 percent compared with the year before.
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Source: washingtonpost.com
