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Worsening Weather Is Igniting a $25 Billion Market
May 4, 2024--Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was "a stockbroker that does something with the weather." Malinow couldn’t really object- he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind.
That's beginning to change. Against a backdrop of rising climate volatility and social shifts, demand for weather derivatives is surging. Average trading volumes for listed products jumped more than 260% in 2023, according to the CME Group, with the number of outstanding contracts currently 48% higher than a year ago.
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Source: bloomberg.com
Retail investors snap up triple-leveraged US equity ETFs
May 4, 2024--Volatile April markets draw money into riskier trades
Yield-hungry retail investors piled into highly leveraged US exchange traded funds in April, drawn to volatile markets stoked by uncertainty over the outlook for interest rates.
Investors have pushed around $5.2bn into the top 22 leveraged ETFs, which can magnify potential gains and losses, in the year to the end of April, according to VandaTrack, a data company which monitors retail trading flows.
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Source: ft.com
John Hancock Investment Management Launches New High Yield ETF Subadvised by Marathon Asset Management
May 2, 2024--John Hancock Investment Management, a company of Manulife Investment Management, today announced the launch of the John Hancock High Yield ETF (NYSE Arca: JHHY). The new actively managed ETF is subadvised by Marathon Asset Management, L.P. (Marathon), a global credit investment manager.
With more than $22 billion in assets under management as of 12/31/23, Marathon's credit platform is recognized for its deep expertise across the spectrum of private and public credit markets.
JHHY's primary investment objective is to maximize current income with a secondary goal of capital appreciation. Under normal market conditions, JHHY will invest at least 80% of its net assets (plus any borrowings for investment purposes) in U.S.;dollar-denominated high-yield corporate bonds.*
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Source: John Hancock Investment Management
YieldMax Launches Short TSLA Option Income Strategy ETF CRSH
May 2, 2024--YieldMaxTM announced the launch today of the YieldMaxTM Short TSLA Option Income Strategy ETF (NYSE Arca: CRSH).
CRSH Overview
CRSH is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on Tesla, Inc. ("TSLA"), while providing indirect short exposure to the share price of TSLA.
CRSH's potential for gains from decreases in the share price of TSLA is limited, while its potential for losses resulting from increases in the share price of TSLA is up to 100%. CRSH does not invest directly in TSLA and does not directly short TSLA.
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Source: YieldMax
Westwood Announces Launch of Westwood Salient Enhanced Energy Income ETF (WEEI)
May 1, 2024--Westwood's Second ETF Rounds Out High-Yielding Investment Offerings for the Energy Sector
Westwood Holdings Group (WHG), a publicly-traded investment management boutique and wealth management firm, today launched the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI), the second Westwood Exchange-Traded-Fund (ETF).
Like its sister product, the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST), WEEI is an actively managed ETF crafted to provide advisors and investors with a robust solution for generating high distributable monthly income, combining dividend yield and options premiums from covered calls, while still offering the potential for equity appreciation within the energy sector. The Fund’s objective is current income and capital appreciation.
In contrast to MDST's exclusive midstream exposure, WEEI also offers exposure to a broad spectrum of energy companies including upstream, downstream, oil service and integrated companies that operate in all phases of oil exploration, production, service and distribution.
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Source: Westwood Holdings Group Inc
Calamos Launches S&P 500 Structured Alt Protection ETF-May (CPSM), Announces 9.81% Upside Cap Rate with 100% Downside Protection Over One Year
May 1, 2024--CPSM's 9.81% cap compares favorably with the 8%, 20-year average price return of the S&P 500.
The Calamos Structured Protection suite combines Calamos' decades-long alternatives and options investing expertise within the liquid, cost-effective, tax-efficient ETF structure.
Calamos Investments LLC ("Calamos"), a leading alternatives manager, today announced the launch of the Calamos S&P 500 Structured Alt Protection ETF-May (ticker: CPSM) with a 9.81% cap rate before fees and expenses from May 1, 2024 through April 30, 2025. CPSM marks the first of 12 ETFs in the Calamos Structured Protection ETFs series which will offer investors protected exposure to the S&P 500, Nasdaq-100 and Russell 2000.
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Source: Calamos Investments
DTCC rules out collateral for Bitcoin-linked ETFs
April 26, 2024--This notice means that exchange-traded funds and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets will not be assigned any collateral value.
The Depository Trust and Clearing Corporation (DTCC)-a financial services company that provides clearing and settlement services for the financial markets-stated that it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will not extend loans against them.
DTCC's announcement states that effective April 30, 2024, the DTCC will implement changes to collateral values for specific securities during its annual line-of-credit facility renewal, potentially affecting position values in the collateral monitor.
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Source: cointelegraph.com
US SEC expected to deny spot ether ETFs next month, industry sources say
April 25, 2024--U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
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Source: reuters.com
HANetf lists ESG India Internet & Ecommerce ETF in Mexico
April 24, 2024--HANetf has listed INQQ India Internet & Ecommerce ESG-S UCITS ETF (INQQ) on Bolsa Mexicana de Valores (BMV) in Mexico.
INQQ is Europe's first ESG India Internet ETF and provides exposure to ESG-screened India internet and ecommerce companies.
INQQ is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).[1]
HANetf now has 11 products listed on Mexican stock exchanges.
HANetf, Europe's first and only independent white-label UCITS ETF and ETC platform[2], and leading provider of digital asset ETPs, is delighted to announce that INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ) is now trading on Bolsa Mexicana de Valores (BMV) in Mexico.
INQQ was launched in November of last year and provides investors with exposure to India internet and ecommerce companies. The ETF was launched with HANetf's long-time partners EMQQ Global, who previously launched EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ), which currently has over $120 million assets under management (AUM). INQQ also has a US-listed sister ETF, with $34.03 million AUM.
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Source: hanetf.com
Prime Unicorn Index Launches the Prime Unicorn 30 Index Tracking the Highest Valued Venture-Backed Private US Firms
April 18, 2024--New Prime 30 Unicorn Index Tracks the 30 Highest Valued Companies in the Prime Unicorn Composite Index, the Standard Bearer for Private Market Benchmarking
The Prime Unicorn Indexes Uniquely Incorporate Primary Sourced Financing Data with Secondary Transactions via a Partnership with Caplight Technologies
Prime Unicorn Index, the standard bearer for private market benchmarking, today announced the launch of the new Prime Unicorn 30 Index, a modified market cap index that tracks the valuations of the top 30 US-based private venture-backed companies valued at $1 billion or more, known as "unicorns." Through a partnership with Caplight Technologies, both the Prime Unicorn Composite Index and the new Prime Unicorn 30 Index uniquely incorporate secondary transaction data, in addition to financing data obtained from hard-to source primary documents that verify issued shares and the most recent series price per share.
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Source: Prime Unicorn Index
