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VanEck Continues to Enhance Its Lineup of Sustainability-Focused Offerings With the Launch of the VanEck Morningstar ESG MOAT ETF (MOTE)
October 7, 2021--Leverages Morningsta's forward-looking Sustainalytics ESG risk analysis to isolate attractively priced "wide moat" stocks screened for ESG risks.
--VanEck today announced the launch of the VanEck Morningstar ESG Moat ETF (CBOE: MOTE), the newest addition to the firm's lineup of moat investing ETFs as well as to VanEck's growing lineup of sustainability-focused investment solutions.
MOTE is designed to provide investors with exposure to attractively priced U.S. companies that Morningstar believes possess long-term competitive advantages, or "moats", that have been screened for ESG risks.
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Source: VanEck
Invesco Launches Digital Assets and Blockchain Thematic Equity ETFs in the U.S.
October 7, 2021--Passive ETFs track unique Alerian Galaxy Global Indexes that combine exposure to cryptocurrency and blockchain equities with an allocation to an investment vehicle that directly holds digital assets.
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, today announced the launch of two passively managed exchange-traded funds (ETFs) focused on digital assets and blockchain. The Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) will offer thematic equity exposure to global public companies and select investment vehicles that are actively engaged in the cryptocurrency and blockchain sectors.
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Source: Invesco Ltd
WisdomTree Launches Target Range Fund (GTR)
October 7, 2021--Investment strategy seeking to balance risk and reward and address investor concerns over market volatility
WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, announced today the launch of the WisdomTree Target Range Fund (GTR) on NASDAQ with an expense ratio of 0.70%.
GTR is an actively managed ETF that seeks to provide capital appreciation, with a secondary objective of hedging risk. In pursuing its investment objectives, GTR aims to follow the methodology of the TOPS® Global Equity Target RangeTM Index (the "Index"). The Index was created by Valmark Advisers, a subsidiary of Valmark Financial Group.
"Investors face a complex market environment with elevated stock valuations and historically low interest rates. Fears of inflation and rising rates have pushed some investors out on the risk curve1, pushing up a traditional 60% equity/40% fixed income mix towards 75/25," said Jeremy Schwartz, Global Head of Research at WisdomTree. "WisdomTree's Target Range Fund may help investors increase their equity exposure and upside participation in markets, but in a risk controlled manner."
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Source: WisdomTree Investments, Inc.
ETF Managers Group (ETFMG(R)) Expands Cannabis and Leveraged Suites of ETFs with MJIN
October 6, 2021--Now offering -2x exposure to global cannabis with MJIN, from the issuer who brought investors the first U.S. and world's largest cannabis ETF (NYSE Arca: MJ).
Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG(R)), announced today that the ETFMG 2x Daily Inverse Alternative Harvest ETF (NYSE Arca: MJIN) will begin trading on the New York Stock Exchange.
MJIN is designed to seek daily leveraged investment results, before fees and expenses, of two times the inverse (-2x) (or opposite) of the performance of the Prime Alternative Harvest Index, providing investors access to the global cannabis ecosystem and benefitting directly from widespread medicinal and recreational legalization initiatives.
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Source: ETFMG
US regulator warns leveraged ETPs pose systemic risk to markets
October 6, 2021--SEC seeks crackdown on complex vehicles after retail investors hit by stinging losses
A top US regulator has warned that leveraged exchange traded products present a risk to the stability of financial markets and called for tighter rules to be applied to these complex vehicles.
Gary Gensler, chair of the Securities and Exchange Commission, said on Monday that he supported the introduction of new rules. The statement followed warnings by US regulators stretching back more than a decade about the risks to individual investors posed by leveraged ETPs.
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Source: ft.com
KraneShares Expands Carbon Market Offering with Launch of European and California Carbon ETFs: KEUA and KCCA
October 5, 2021--October 5, 2021--Krane Funds Advisors, LLC, ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, is pleased to announce the expansion of its carbon market offering with the launch of the KraneShares European Carbon Allowance ETF (KEUA) and the KraneShares California Carbon Allowance ETF (KCCA).
Under the cap-and-trade programs, carbon allowances put a price on carbon emissions, engaging market forces to tackle climate change. Each emissions trading program covered in the KraneShares suite is a powerful policy tool for achieving the ambitious climate targets set in the Paris Agreement.
The two new funds join KraneShares growing carbon market suite; the KraneShares Global Carbon ETF (NYSE: KRBN) listed in July 2020 on the New York Stock Exchange. Since its inception, the fund has accumulated over $900 million in assets under management (AUM) and returned 105.45%.1
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Source: KraneShares
Motley Fool ramps up ETFs focus with $1bn conversions plan
October 5, 2021--Motley Fool's asset management affiliates plan to jump into the wave of investment trust-to-ETF conversions as part of a business review.
Formerly known by the acronym MFAM, Motley Fool Asset Management will convert the actively managed $ 704 million MFAM Global Opportunity and the $ 331 million MFAM Midcap Growth Fund to ETFs by the end of the year. It's a schedule. The manager already manages two index ETFs, the $ 526 million Motley Fool 100 Index ETF and the $ 186 million MFAM Small Cap Growth ETF.
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Source: marketresearchbizreports
Rising Rates ETF "RISR" Unveiled by FolioBeyond and Tidal ETF Services
October 4, 2021--FolioBeyond, in collaboration with Tidal ETF Services, announces the launch of the Folio Beyond Rising Rates ETF (ticker: RISR), the Fund seeks to provide current income in a stable rate environment and protect against rising interest rates. We believe both institutions and retail investors can utilize RISR as a unique hedge against rising interest rates in what is a potentially increasing inflationary economic environment that ultimately must be dealt with by every investor.
"The global pandemic has extended a long-term macro environment where interest rates are extremely low and appear asymmetrically skewed toward higher rates in the future," said Yung Lim, CEO of FolioBeyond. "Most rising rate protection strategies are expensive and exhibit negative carry. RISR employs a positive carry strategy that looks to benefit from secularly higher interest rates and could attract significant interest from a broad range of institutions and retail investors." RISR is uniquely focused on these features and offers a much-needed risk in the ETF space.
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Source: FolioBeyond
Up to a quarter of US equity ETF revenues derived from China
October 4, 2021--Bank of America analysis shows how difficult it is to avoid fallout from Beijing's crackdown
Up to a quarter of the revenues generated by the constituent companies of exchange traded funds focused on US stocks are derived from sales to China, according to research by Bank of America.
The analysis demonstrates how difficult it is for investors to avoid the fallout from Beijing's crackdown on a swath of private sector activities.
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Source: ft.com
SEC rolls decisions on four bitcoin ETF applications to end of 2021
October 3, 2021--The Securities and Exchange Commission (SEC) punted on four bitcoin exchange-traded fund (ETF) applications today, shifting deadlines into late November and December.
Issuers Global X, Valkyrie, WisdomTree and Kryptoin all received extension on their proposals today.
The proposals are now slated to receive their decisions on Nov. 21, Dec. 8, Dec. 11 and Dec. 24, respectively. Kryptoin, WisdomTree and Valkyrie, have all faced previous extensions.
Each order notice read:
"The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith."
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Source: theblockcrypto.com
