Americas ETP News
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Defiance ETFs Announces Increase in Leverage for MSTX and SMST ETFs to 2x
October 29, 2024--Defiance ETFs, a pioneer in leveraged single-stock ETFs, is excited to announce an increase in leverage for two of its flagship products, MSTX and SMST, from 1.75x and 1.5x respectively to 2x daily target exposure. This change marks a strategic enhancement, positioning Defiance to stay at the forefront of the market amid increased investor interest.
MSTX, Defiance's first-of-its-kind leveraged ETF providing long exposure to MicroStrategy (NASDAQ: MSTR), will now deliver 2x daily targeted exposure, enhancing potential returns for investors seeking amplified access to MicroStrategy’s price movements. MicroStrategy, a leader in data analytics and one of the largest corporate holders of Bitcoin, presents an innovative investment vehicle for investors looking to capitalize on the unique and volatile dynamics of the cryptocurrency market.
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Source: Defiance ETFs
Amplify ETFs Launches Targeted 12% Annual Option Premium Fixed Income ETF: Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP)
October 29, 2024--Collaboration with Samsung Asset Management and Bloomberg delivers the potential for high, consistent income in new, covered call fixed income ETF
Amplify ETFs announces the launch of the Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP).
TLTP allows investors to tap into the stability of U.S. Treasuries while seeking to generate high, consistent levels of income through a dynamic rules-based covered call* option strategy.
TLTP seeks to track the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, which is designed to provide a targeted annualized option premium income of 12% through writing weekly covered call options. This approach seeks to generate higher levels of income from targeted 12% option premium income as well as the underlying U.S. Treasuries. The Fund has a monthly distribution frequency.
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Source: Amplify ETFs
Westwood Holdings Group Partners With ETF Leader Ben Fulton to Expand and Scale ETF Platform
October 28, 2024--Westwood has entered into a partnership with ETF veteran Ben Fulton to scale Westwood's ETF platform,offering investors and advisors new,highly innovative strategies
Our new partnership called WEBs-"Westwood Engineered Beta"-will apply a proprietary strategy seeking to provide a more stable investment experience and better risk-adjusted returns to investors
Westwood will form the partnership by investing in WEBs Investments Inc. and will provide distribution resources and administrative support,with an option to buy the entity in the future
Ben Fulton,a recognized ETF industry leader and pioneer,grew Invesco's PowerShares ETF platform from $200 million to $80 billion during his tenure from 2005 to 2013,first as EVP,Global Product Development and later as Head of Global ETFs.
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Source: Westwood Holdings Group Inc
GraniteShares Announces Reverse Split of NVD
October 28, 2024--GraniteShares has announced it will execute a reverse share split for one of its ETFs. The total market value of the shares outstanding will not be affected as a result of the transaction.
Reverse split will be executed on GraniteShares 2x Short NVDA Daily ETF.
After the close of the markets on November 01, 2024 (the "Payable Date"), the Fund will effect a reverse split of its issued and outstanding shares...
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Source: GraniteShares
Amid ESG backlash, responsible investors are holding on to their commitments
October 24, 2024--While one-fifth of asset managers have dropped the ESG label, more than half still believe the data has value in mitigating risks and boosting returns.
New research from Cerulli Associates reveals that despite increasing political pressures, many institutional investors and asset managers in the US remain committed to responsible investing, though some are adjusting their approach to avoid political scrutiny.
The study, US Responsible Investing 2024, highlights how political backlash against environmental, social, and governance considerations has influenced industry behavior.
The report shows that while some institutional investors are reconsidering their stance on ESG, most are standing firm. About one in 10 asset owners have scaled back their integration of ESG factors due to the heated political climate. One-third of institutions (34 percent) were motivated by concerns about the cost and time involved in responding to political pushback, while others acted out of fear of litigation (24 percent) and stakeholder pressure (14 percent).
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Source: investmentnews.com
Amplify ETFs Launches the Amplify Small-Mid Cap Equity ETF (NYSE Arca: SMAP)
October 23, 2024--Amplify ETFs announces the launch of the actively managed Amplify Small-Mid Cap Equity ETF (NYSE Arca: SMAP), offering investors targeted exposure to high-quality U.S.-listed small- and mid-cap growth and value equity securities.
SMAP seeks to invest in companies with market capitalizations between $400 million and the largest companies in the Russell 2500 Index, giving successful companies room to run into mid-cap without forced premature selling. Curi RMB Capital actively manages SMAP by using a proprietary economic return framework to identify attractively priced small- to mid-cap companies across all stages of the corporate lifecycle while building a portfolio diversified by corporate lifecycle stage and sector.
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Source: Amplify ETFs
Tuttle Capital Management Launches European Aerospace and Defense Industry ETF
October 22, 2024--Select STOXX Europe Aerospace & Defense ETF (ticker symbol EUAD)
The Select STOXX Europe Aerospace & Defense ETF (the "Fund") will start trading today. The Fund invests at least 80% of its total assets in the component securities of the STOXX Europe Total Market Aerospace & Defense Index.
The Fund will also invest, under normal circumstances, at least 80% of its net assets in exchange listed common stock or ADRs of companies based (headquartered) in Europe who derive at least 50% of their revenue from the manufacture, service, supply and distribution of aeronautical equipment, components, hardware, software or electronic systems; and equipment, systems, components, infrastructure support services, and hardware, software and electronics that directly support civil and military defense efforts.
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Source: Tuttle Capital Management
Defiance Launches XMAG The First ETF Offering Exposure to the S&P 500 Excluding the "Magnificent 7" Tech Giants
October 22, 2024--The Mag 7 represents a disproportionately large percentage of many investors' ETFs, mutual funds and stock portfolios, limiting attempts at diversification
Defiance, a leading innovator in exchange-traded funds (ETFs), today announces the launch of the Defiance Large Cap Ex-Magnificent Seven ETF (XMAG).
The ETF will be the first of its kind, offering investors exposure to equities in the S&P 500 without the inclusion of the Magnificent Seven ("Mag 7") (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla).
XMAG offers a unique opportunity for investors to access the broader market while reducing concentration risk in these dominant tech stocks.
Many investors that use diversified investment funds have seen their portfolios increasingly concentrated in exposure to the Mag 7, which represent large holdings across tech-, growth-, and innovation-focused strategies.
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Source: Defiance ETFs
Amplify ETFs Announces the Amplify Bloomberg AI Value Chain ETF (NYSE: AIVC)
October 21, 2024--AIVC seeks to provide equal-weighted global exposure to three types of companies integral to the AI value chain, replaces Amplify Global Cloud Technology ETF (IVES)
Amplify ETFs announces its newly appointed fund, the Amplify Bloomberg AI Value Chain ETF (NYSE: AIVC).
According to forecasts, the global AI market is expected to grow from $638 billion in 2024 to $3.6 trillion by 2034.1 This growth will be driven by increased AI spending across the private sector, government initiatives and individuals. AIVC is positioned to capture these trends through its unique AI value chain focus.
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Source: Amplify ETFs
FRB Beige Book-October 18, 2023
October 18, 2024--Overall Economic Activity
On balance, economic activity was little changed in nearly all Districts since early September, though two Districts reported modest growth. Most Districts reported declining manufacturing activity.
Activity in the banking sector was generally steady to up slightly, and loan demand was mixed, with some Districts noting an improvement in the outlook due to the decline in interest rates. Reports on consumer spending were mixed, with some Districts noting shifts in the composition of purchases, mostly toward less expensive alternatives.
Housing market activity has generally held up: inventory continued to expand in much of the nation, and home values largely held steady or rose slightly. Still, uncertainty about the path of mortgage rates kept some buyers on the sidelines, and the lack of affordable housing remained a persistent problem in many communities. Commercial real estate markets were generally flat, although data center and infrastructure projects boosted activity in a few Districts. The short-lived dockworkers strike caused only minor temporary disruptions. Hurricane damage impacted crops and prompted pauses in business activity and tourism in the Southeast.
Agricultural activity was flat to down modestly, with some crop prices remaining unprofitably low. Energy activity was also unchanged or down modestly, and lower energy prices reportedly compressed producers' margins. Despite elevated uncertainty, contacts were somewhat more optimistic about the longer-term outlook.activity. Activity in the banking sector was generally steady to up slightly, and loan demand was mixed, with some Districts noting an improvement in the outlook due to the decline in interest rates. Reports on consumer spending were mixed, with some Districts noting shifts in the composition of purchases, mostly toward less expensive alternatives.
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Source: federalreserve.gov
