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ETFGI reports assets invested in the ETFs industry in the United States reached a new record high of US$10 trillion at the end of September
October 16, 2024--ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today assets invested in the ETFs industry in the United States reached a new record high of US$10 trillion at the end of September.
During September the ETFs industry in the United States gathered net inflows of US$97.29 billion, bringing year-to-date net inflows to a record US$740.81 billion, according to ETFGI's September 2024 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in the ETFs industry in the United States reached a record of $10 Tn at the end of September beating the previous record of $9.74 Tn at the end of August 2024.
Assets have increased 23.2% YTD in 2024, going from $8.11 Tn at end of 2023 to $10 Tn.
Net inflows of $97.29 Bn in September 2024.
YTD net inflows of $740.81 Bn are the highest on record, followed by YTD net inflows of $650.04 Bn for 2021 and the third highest recorded YTD net inflows are of $412.07 Bn in 2022.
29th month of consecutive net inflows.
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Source: ETFGI
New ETF Combines Digital and Physical Currency, Provides 100% Exposure to Bitcoin & 100% Exposure to Gold
October 16, 2024--The STKD Bitcoin & Gold ETF (BTGD) offers 2-for-1 Thematic Stacks, a new twist on portable alpha, "stacking" two investments on top of each other for the potential of excess returns and diversification
Through the combination of a digital currency (bitcoin) and a physical currency (gold) in a single vehicle-the STKD Bitcoin & Gold ETF (BTGD), launching today- investors now have the opportunity to invest in two scarcity assets that may protect against future inflation and currency debasement.
BTGD is unique in that for every $1 invested the Fund seeks to provide 100% of exposure to its bitcoin strategy and 100% of exposure to its gold strategy.
The bitcoin strategy seeks to capture the price return of bitcoin, investing in bitcoin futures and ETPs, while the gold strategy similarly seeks to capture the price return of gold via investments in gold futures and gold ETPs.
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Source: Quantify Funds
Virtus Introduces Virtus KAR Mid-Cap ETF
October 16, 2024--Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus KAR Mid-Cap ETF, (NYSE: KMID), the first ETF strategy managed by Kayne Anderson Rudnick (KAR).
The Virtus KAR Mid-Cap ETF is an actively managed, concentrated portfolio consisting of 25-35 high-quality mid-cap stocks, selected using KAR's disciplined and rigorous business-analyst approach to fundamental research, and looking to own these businesses for the long run. KMID aims to generate attractive risk-adjusted long-term returns by offering investments in businesses with sustainable competitive advantages that can maintain above-average growth and are better positioned to exceed consensus growth expectations.
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Source: Virtus Investment Partners
Hurricane-themed ETF to be liquidated
October 14, 2024--ProcureAM's $3mn FIXT fund, which invests in natural disaster recovery, has been unable to attract investors
An ETF that invests in companies involved in natural disaster recovery and prevention will be shuttered, its sponsor disclosed last week, just days after Hurricane Helene made landfall in Florida.
ProcureAM, which manages the roughly $3mn Procure Disaster Recovery Strategy ETF (FIXT), filed to dissolve the fund last week following approval from its board of trustees. The fund's last day of trading on the Nasdaq exchange will be October 17, according to a regulatory filing.
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Source: ft.com
Former Tesla Executive McNeill Starts Money Manager to Run ETFs
October 14, 2024-- McNeill's DVx registers VistaShares as an investment adviser
VistaShares will run ETFs focusing on AI, electronification
Former Tesla Inc. and Lyft Inc. executive Jon McNeill is launching a firm that will run exchange-traded funds that focus on artificial intelligence and electrification.
McNeill, the cofounder of DVx Ventures, is teaming up with ETF industry pioneer Adam Patti to set up the new firm, VistaShares, according to a regulatory filing. DVx is known as a so-called hatch studio, creating its own companies from scratch instead of investing in those developed externally.
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Source: bloomberg
Rockefeller Asset Management Expands Active ETF Lineup with Small-Mid Cap ETF, RSMC
October 14, 2024-- Rockefeller Asset Management (Rockefeller), the asset management arm of Rockefeller Capital Management, today announced the launch of the actively managed Rockefeller Small-Mid Cap Exchange Traded Fund (ETF), RSMC. This marks the firm's fourth actively managed ETF launched this year, following the firm's expansion into opportunistic municipals with three high-yield municipal bond ETFs in August.
RSMC is Rockefeller's first actively managed SMID Cap ETF and, at the time of launch, is among the largest actively managed SMID cap ETFs with approximately $740 million in assets. The strategy seeks to invest primarily in US small and mid-cap companies with durable business models and enduring growth, with the goal of delivering attractive risk-adjusted returns.
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Source: Rockefeller Capital Management
VanEck Launches $30M Fund to Support Innovation in Fintech, Crypto and AI
October 9, 2024-VanEck Ventures, a $30 million early-stage fund, focuses on investing in fintech, digital assets, and AI startups in the pre-seed and seed stages. VanEck's strategic expansion into venture capital reflects its long-standing investment philosophy of identifying transformative opportunities early
VanEck, a leading global investment management firm, announces the launch of VanEck Ventures, a $30 million early-stage fund dedicated to investing in visionary founders operating at the intersection of fintech, digital assets, and artificial intelligence. This launch marks VanEck's strategic expansion into venture capital, building on its long-established record of identifying and supporting transformative markets.
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Source: VanEck
Astoria rolls out US quality growth ETF
October 8, 2024--Astoria Advisors has launched its second ETF, an actively managed fund offering exposure to high-quality growth stocks across US large and mid-cap equities.
The Astoria US Quality Growth Kings ETF (GQQQ US) has been listed on Nasdaq with an expense ratio of 0.35%.
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Source: etfstrategy.com
YieldMax Launches Option Income Strategy ETF on Palantir Technologies
October 8, 2024-YieldMax announced the launch today of the following ETF:
YieldMax PLTR Option Income Strategy ETF (NYSE Arca: PLTY)
PLTY seeks to generate current income by pursuing options-based strategies on Palantir Technologies Inc. ("PLTR"). PLTY is actively managed by ZEGA Financial. PLTY does not invest directly in PLTR.
PLTY is the newest member of the YieldMax ETF family and like all YieldMax ETFs, aims to deliver current income to investors. With respect to distributions, PLTY will be a Group B ETF and its first distribution is expected to be announced on November 6, 2024.
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Source: YieldMax
Cambria Partners with ETF Architect to Launch Innovative Tax-Aware ETF
October 3, 2024---Cambria Investment Management, a leading quantitative asset management firm, today announced a groundbreaking partnership with ETF Architect to launch the Cambria Tax Aware ETF (TAX).
TAX allows individual investors to seed the launch of the ETF with their separate account investments and exchange their existing investment holdings for the new, tax-efficient ETF.
By leveraging ETF technology, Cambria and ETF Architect have created a streamlined and accessible solution that may address the challenges associated with traditional tax-loss harvesting strategies.
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Source: Cambria Investment Management, LP
