Americas ETP News
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Brazil: Sustaining a Strong Recovery
September 23, 2021--Brazil's economy has returned to pre-pandemic levels, supported by booming terms of trade and robust private sector credit growth, and one of the biggest stimulus packages in emerging markets-nearly 4 percent of GDP in emergency cash transfers alone in 2020.
The country has been hit hard by the pandemic, however. COVID-19 has claimed the lives of more than 550,000 Brazilians, the second highest death toll worldwide. Renewed lockdowns following a severe second wave and the rollout of vaccinations have helped bring down infections since April, with new daily COVID-19 cases and deaths falling significantly from their peaks. But rates of unemployment and poverty remain high. Inflation too has surged, weighing on the outlook.
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Source: IMF
Amplify ETFs Launches the Amplify Digital & Online Trading ETF (NYSE: BIDS)
September 22, 2021--First-to-Market ETF Focused on E-brokers & Digital Asset Marketplace Stocks
Amplify ETFs announces the launch of the Amplify Digital & Online Trading ETF (NYSE: BIDS), an index-based ETF that seeks to capitalize on the rise of digital and online trading of securities and digital assets. BIDS seeks investment results that generally correspond to the BlueStar(R) Global E-Brokers and Digital Capital Markets Index (the "Index").
Online-focused brokerage firms, as well as digital asset marketplaces, represent two elements of a fast-growing segment within financial services that traditional financial stock benchmarks ignore. Lower trading costs, convenient user interfaces, and the rise of digital assets are just several factors driving demand for online trading today. This demand, coupled with powerful yet accessible portfolio management tools, is creating a compelling value proposition for both first-time and veteran investors.
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Source: Amplify ETFs
Hartford Funds Launches Its First Sustainable Investing-Focused Fixed Income ETF
September 22, 2021--Hartford Funds today announced the launch of an actively managed, ESG-focused fixed income exchange-traded fund ("ETF"), Hartford Sustainable Income ETF (CBOE: HSUN), which will be sub-advised by Wellington Management Company LLP. HSUN seeks to provide current income and long-term total return, within a sustainability framework.
HSUN will invest across an array of fixed income sectors including High Yield, Investment Grade, Bank Loans, and Emerging Market Debt. In addition, the ETF will incorporate a sustainability framework as part of its principal investment strategy. The ETF will track its performance against the Bloomberg U.S. Aggregate Bond Index. HSUN will be managed by the same portfolio management team that currently manages The Hartford Strategic Income Fund. Campe Goodman, Joseph F. Marvan, and Robert Burn will serve as the ETF’s portfolio managers.
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Source: Hartford Funds
Hoya Capital Launches RIET-High Dividend Yield ETF
September 22, 2021-- Hoya Capital Real Estate-an award-winning ETF issuer and research-focused investment advisor-announced the launch of its second fund, Hoya Capital High Dividend Yield ETF (Ticker: RIET).
RIET tracks the Hoya Capital High Dividend Yield Index ("RIET Index"), a rules-based index designed to provide diversified exposure to 100 of the highest dividend-yielding real estate securities in the United States.
RIET expects to pay monthly distributions. The RIET Index Dividend Yield as of 8/31/2021 is 6.70%.* Click here to view yields and standardized performance.view more
Source: Hoya Capital Real Estate
Federal Reserve issues FOMC statement
September 22,2021--The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen.
The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed their recovery. Inflation is elevated, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy continues to depend on the course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation having run persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent.
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Source: federalreserve.gov
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 21-22 FOMC meeting
September 22, 2021--Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on September 21-22, 2021, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2021 to 2024 and over the longer run.
Each participant's projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy-including a path for the federal funds rate and its longer-run value-and assumptions about othe rfactors likely to affect economic outcomes.
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Source: federalreserve.gov
First Trust Launches the First Trust SkyBridge Crypto Industry and Digital Economy ETF
September 21, 2021--An actively managed ETF that provides exposure to companies that are driving innovation in the crypto industry and digital economy
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new actively managed ETF, the First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSE Arca: CRPT) (the "fund").
The fund seeks to provide capital appreciation by investing, under normal market conditions, at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts ("ADRs") of crypto industry companies and digital economy companies. Further, under normal market conditions, the fund will invest at least 50% of its net assets (plus any investment borrowings) in crypto industry companies.
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Source: First Trust
ETF Managers Group (ETFMG) Launches World's First "Green" Technology Shipping ETF
September 21, 2021--BSEA is the First ETF to Provide Investors Exposure to the Innovative Companies Actively Developing "Green" Technologies Powering the Global Shipping Industry
ETF Managers Group LLC (ETFMG(R)), leading exchange-traded fund issuer, announced that the ETFMG Breakwave Sea Decarbonization Tech ETF (NYSE Arca: BSEA) will begin trading today on the New York Stock Exchange.
BSEA is designed to provide investors access to a diversified set of global companies involved in actively reducing the environmental impact of the global maritime sector, including those that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonization.
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Source: ETFMG
Columbia Threadneedle Investments Expands Strategic Beta Fixed Income Suite with Launch of Columbia Short Duration Bond ETF (SBND)
September 21, 2021--Columbia Threadneedle Investments today announced the expansion of its strategic beta fixed income exchange-traded fund (ETF) offerings with the launch of Columbia Short Duration Bond ETF (NYSE Arca: SBND), a short-duration bond strategy focused on generating income in four segments of the debt markets.
SBND tracks the firm's proprietary Beta Advantage(R) Short Term Bond Index, which provides a rules-based approach to investing that is diversified and weighted toward opportunity rather than indebtedness.
SBND seeks to broaden investors' income opportunity set by tracking an index resulting in a short-duration portfolio that does not sacrifice yield or take on excessive credit risk. The ETF aims to provide investors with a diversified portfolio of fixed income securities across four income-producing debt segments-U.S. investment grade corporates, U.S. investment grade securitized debt, U.S. high yield, and emerging market sovereign and quasi-sovereign debt-with a balance of yield, quality, and liquidity, SBND's rules-based indexed investment approach aims to address investor concerns that lowering duration equates to sacrificing yield, regardless of the interest rate environment.
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Source: Columbia Threadneedle Investments
FlexShares Launches New Suite of Four ESG ETFs Focused on Climate
September 21, 2021--Northern Trust Asset Management’s FlexShares(R) Exchange Traded Funds announced today the launch of a new suite of core Environmental, Social and Governance (ESG)* ETFs focused on climate, including:
FlexShares ESG & Climate US Large Cap Core Index Fund (NYSE: FEUS)
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (NYSE: FEDM)
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (NYSE: FEIG)
FlexShares ESG & Climate High Yield Corporate Core Index Fund (NYSE: FEHY)
The four new climate ETFs add to FlexShares' existing ESG ETF offerings, FlexShares STOXX US ESG Select Index Fund (ESG) and FlexShares STOXX Global ESG Select Index Fund (ESGG). The new fund suite seeks to help investors improve their portfolio's overall ESG score and reduce carbon risk, while maintaining core equity and fixed-income exposure. The funds utilize the Northern Trust ESG Vector Score** as well as a carbon risk rating in an effort to hedge ESG-related risks and capitalize on sustainable opportunities.
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Source: FlexShares
