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Nuveen Launches Two New ETFs, Bolstering Both Actively-Managed and Index-Tracking Line Up
September 28, 2021--The firm adds to the existing suite of 16 unique funds and reduces expense ratios for 9 funds
Nuveen today launched the following two new ETFs, building on the firm's proud history of helping investors build better financial futures:
The Nuveen Growth Opportunities ETF (NYSE:NUGO) is actively managed by Karen Hiatt, CFA, and will seek to outperform the Russell 1000 Growth Index by investing in 40-65 high conviction securities, making up approximately 10% of the broader index.
The Nuveen ESG Dividend ETF (Cboe:NUDV) is the first ESG Dividend ETF in the industry to incorporate a low carbon criteria1. The fund is focused on providing yield and seeks to track an ESG-enhanced custom index developed by Nuveen's Responsible Investing team.
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Source: Nuveen
Fidelity Broadens Fractional-Share Feature to Financial Advisers
September 28, 2021--Fidelity Investments, one of the world's biggest money managers, will allow financial advisers to buy fractional shares of stocks and exchange-traded funds, a year after offering the feature to individual investors.
"It's a first step in a really big commitment we have to offer greater personalization tools for financial advisers," Matt Goulet, Fidelity's senior vice president of portfolio solutions, said in an interview.
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Source: bnnbloomberg.ca
State Street Global Advisors Expands Fixed Income ETF Offering with Debut of SPDR(R) Loomis Sayles Opportunistic Bond ETF
September 28, 2021--Actively managed ETF invests across the credit universe and maturity curve seeking to diversify sources of income and maximize risk-adjusted total return potential
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Loomis Sayles Opportunistic Bond ETF (OBND).
State Street Global Advisors Expands Fixed Income ETF Offering with Debut of SPDR(R) Loomis Sayles Opportunistic Bond ETF
The fund provides exposure to a mix of investment-grade, high-yield, non-U.S. dollar denominated debt, leveraged loans and securitized issuers. OBND, an actively managed fund sub-advised by Loomis Sayles, was developed to help investors navigate ever-changing global credit conditions.
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Source: State Street
Simplify Asset Management Launches the Simplify Risk Parity Treasury ETF (TYA)
September 28, 2021--New ETF is designed to provide investors with capital-efficient duration exposure while simultaneously seeking to amplify yield curve efficiencies in the middle of the curve
-Simplify Asset Management ("Simplify"), an innovative provider of options-based Exchange Traded Funds ("ETFs"), today announced the launch of its newest ETF: the Simplify Risk Parity Treasury ETF (TYA).
TYA is designed to provide significant duration via modest capital allocation, while simultaneously seeking to harvest yield curve benefits from the middle of the curve. It does so by investing in a combination of US Treasuries and US Treasury futures from the middle of the curve, and targets fund-level duration equal to that of the ICE 20+ Year US Treasury Index.
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Source: Simplify Asset Management Inc
Foothill Capital Management Announces the Cannabis Growth ETF
September 27, 2021--Foothill Capital Management www.foothillcap.com announced today the conversion of its Cannabis Growth Fund (CANIX), which launched in 2019, into the Cannabis Growth ETF (BUDX).
The specialized asset manager believes that the new structure could bring investors all the potential benefits of focused exposure to the dynamic and growing scope of cannabis, combined with the accessibility, flexibility and costs of an active ETF.
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Source: Foothill Capital Management
Direct exposure to crypto might be better than ETFs, executives say
September 27, 2021--While an ETF could provide more security, it would not help investors with immediate financial needs, panel hears.
Bitcoin exchange traded funds may be more valuable to financial advisers and their clients than they are to other groups of investors, industry executives said last week.
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Source: ft.com
AI adoption in the ETF industry begins to grow
September 25, 2021--Debate over whether the systems can truly remove human bias and how much supervision they need
The growing appreciation that human stockpickers struggle to outperform their benchmark indices has helped fuel a massive surge in assets held by passively managed exchange traded funds.
Now some companies are hoping to show that artificial intelligence can finally give them an edge.
The technology is fast-evolving but at least two fund managers, EquBot and Qraft Technologies, running dedicated AI-powered ETFs are claiming early success...
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Source: FT.com
New York Fed researchers develop climate stress test for banks
September 24, 2021--Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks' exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them.
The publication Friday of a paper describing the new methodology may mark an early step toward an eventual "climate stress test" for U.S. banks. It's an approach already used by other global central banks but that has drawn intense criticism from U.S. Republican lawmakers who say that monitoring for such risk goes beyond the central bank's remit.
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Source: reuters.com
Direxion Launches New Daily 2X Leveraged ETF
September 23, 2021--New ETF Provides 200% Exposure to Construction & Engineering Services and Industrial Transportation
Direxion launched the Direxion Daily US Infrastructure Bull 2X Shares (Ticker: DOZR). The Fund seeks to achieve 200% of the daily performance of the Indxx US Infrastructure Index.
The Indxx US Infrastructure Index provides exposure to companies involved in infrastructure through engineering, design, maintenance, and construction of infrastructure projects.
As of September 17, 2021, the Index consisted of 74 constituents, which had an average total market capitalization of $3.1 billion, total market capitalizations ranging from $267 million to $134 billion and were concentrated in the industrials and utilities sectors.
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Source: Direxion
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
