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BlackRock U.S. bond ETFs hit by large capital outflows as industry booms
October 11, 2021--Similar products held by rivals such as Vanguard have attracted big inflows
BlackRock has been hit by large outflows from some of its best-known U.S. exchange-traded funds this year, even as the industry has posted near-record net inflows of $ 161 billion since the start of the year.
Since the start of the year, the world's largest asset manager has recorded net outflows of 22-25% of assets from its iShares iBoxx $ Investment Grade Corporate Bond (LQD), iShares iBoxx $ High Yield Corporate Bond ETFs ETF (HYG) and iShares Short Treasury Bond ETF (SHV), according to FactSet data.
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Source: ft.com
SEC throws sop to US investors with bitcoin 'lite' equity ETFs
October 9, 2021-Latest regulatory approval and fund launches still leave direct investment in crypto via ETFs off limits in the US
Two bitcoin "lite" equity ETFs have begun trading in the US and a third has been approved by the Securities and Exchange Commission as the regulator throws out a sop to investors calling for a bona fide bitcoin ETF.
The SEC has so far refused to approve any exchange traded funds that invest in the cryptocurrency itself, even though a slew of asset managers have applied to do so and similar vehicles are already up and running in Sweden, Switzerland, Jersey, Germany and Canada.
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Source: ft.com
Shares for the Cure: Simplify Introduces Health Care ETF Benefiting Susan G. Komen
October 8, 2021--The Simplify Health Care ETF, trading under the symbol PINK, will donate all net profits from managing the fund on an annual basis to Susan G. Komen, the world's leading breast cancer organization -New ETF is actively managed by renowned hedge fund manager Michael Taylor, who brings more than two decades of healthcare and biotech investing experience
Simplify Asset Management ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs"), today announced the launch of the Simplify Health Care ETF (PINK), the first ETF committed to donating all of its net profits from managing the fund on an annual basis to Susan G. Komen(R), the world's leading breast cancer organization.
PINK will be actively managed by renowned hedge fund investor Michael Taylor, who has more than 20 years of direct experience investing in the healthcare and biotech spaces, and who brings a rigorous research approach, due diligence processes, and deep knowledge of these sectors to build and run PINK's underlying portfolio.
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Source: Simplify Asset Management Inc.
CBO-Monthly Budget Review: September 2021
October 8, 2021--Summary
The federal budget deficit was $2.8 trillion in fiscal year 2021, the Congressional Budget Office estimates-$362 billion less than the deficit recorded in fiscal year 2020. Although outlays rose by an estimated $265 billion (or 4 percent), revenues rose more-by an estimated $627 billion (or 18 percent).
Programs and policies implemented in response to the coronavirus pandemic-notably, refundable tax credits (particularly the recovery rebates), expanded unemployment compensation, and the Small Business Administration's Paycheck Protection Program-substantially boosted spending, in both 2021 and 2020. Outlays in fiscal year 2021 were about $2.4 trillion more than spending in 2019, an increase of more than 50 percent. Outlays in 2020 rose almost as much. As a result, the annual deficits recorded in 2020 and 2021 were significantly larger than the $984 billion shortfall recorded in fiscal year 2019.
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Source: CBO (Congressional Budget Office)
Citadel-Backed Exchange That Shook Up Treasuries Takes On Crypto
October 7, 2021--A Chicago-based exchange backed by some of the top names in trading has added cryptocurrency-related futures to its product list.
The Small Exchange, which counts Citadel Securities, Jump Capital, Interactive Brokers Group Inc. and Peak6 Investments among its investors, has already made its mark with smaller-sized contracts on stocks, Treasuries and precious metals.
Now it has debuted a product designed to track the performance of the digital-asset industry: futures on the Small Cryptocurrency Index, which has 17 components that include Grayscale Bitcoin Trust, Coinbase Global Inc., Paypal Holdings Inc. and Square Inc.
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Source: bnnbloomberg.ca
Fidelity(R) Grows Thematic Fund Lineup With Launch of Four New ETFs
October 7, 2021--New Thematic ETFs Track Fidelity Indices, Developed by Quantitative Research and Investment Division
Fidelity Expands Market Insights Podcast Series with New Quantitative Research Insights
Fidelity Investments(R) today announced the launch of four new thematic exchange-traded funds (ETFs)-Fidelity Clean Energy ETF (FRNW), Fidelity Cloud Computing ETF (FCLD), Fidelity Digital Health ETF (FDHT), and Fidelity Electric Vehicles and Future Transportation ETF (FDRV).
The ETFs began trading today on the Cboe BZX Exchange, Inc. and are available commission-free for individual investors and financial advisors through Fidelity's online brokerage platforms.
Fidelity is one of the industry's leading distributors of ETFs with more than $859 billion in ETF client assets under administration.i With this launch, Fidelity now offers 46 ETFs with more than $30.6 billion in assets under management.ii
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Source: Fidelity Investments
KraneShares Launches China Innovation ETF Targeting Growth Sectors and Private Companies
October 7, 2021--Krane Funds Advisors, LLC ("KraneShares"), a global asset manager known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, today announced the launch of the KraneShares China Innovation ETF (Ticker: KGRO).
KGRO is an active ETF that provides investors with core exposure to the brightest high-growth areas within China's economy by combining "New China" sectors. These areas include China internet, healthcare, clean technology, 5G, semiconductors, and the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market). KGRO primarily invests in the following KraneShares ETFs:
KraneShares CSI China Internet ETF (Ticker: KWEB)
KraneShares MSCI All China Health Care Index ETF (Ticker: KURE)
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Source: Krane Funds Advisors, LLC
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.
