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Another Way to Play Tesla: A Hedged Single-Stock ETF
July 26, 2022--July 26, 2022--Investors looking for a new way to play Tesla shares will have another opportunity beginning Tuesday.
The Innovator Hedged TSLA Strategy ETF, which will list on the Cboe, aims to provide investors with the long-term upside of Elon Musk's electric vehicle company while mitigating potential losses.
Rather than investing directly in Tesla shares, the hedged product will invest 90% of its portfolio in Treasury bills and the remaining 10% into what's known as a call option spread strategy. It is bullish on the underlying Tesla stock but puts a cap on potential returns.
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Source: wsj.com
First Trust Announces Shareholder Approval of New Investment Management Agreement for First Trust Global Engineering and Construction ETF and Upcoming Implementation of Certain Related Changes
July 25, 2022-First Trust Advisors L.P. ("FTA") announced today that the shareholders of First Trust Global Engineering and Construction ETF (NYSE Arca: FLM) (the "Fund"), an exchange-traded fund and a series of First Trust Exchange-Traded Fund II (the "Trust"), have voted to approve a new investment management agreement between the Trust, on behalf of the Fund, and FTA, the Fund's investment advisor (the "New Management Agreement").
Under the New Management Agreement, which will replace the Fund’s current investment management agreement, the Fund will transition to a "unitary fee structure." Shareholders were asked to approve the New Management Agreement in connection with a change that will be made to the Fund's investment objective.
Currently, the Fund's investment objective is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the ISE Global Engineering and ConstructionTM Index ("Current Index").
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Source: First Trust Advisors
Touchstone Investments Launches Four Distinctively Active Managed ETFs
July 25, 2022--Expansion into ETFs provides the potential for a more tax-efficient, cost competitive and transparent way to access Touchstone's investment strategies
Touchstone Investments, known for its Distinctively Active(R) mutual funds, announced the launch of its first of four new actively managed exchange traded funds (ETFs) trading on the New York Stock Exchange Arca and Cboe BZA.
The ETFs mark the natural expansion of Touchstone's Distinctively Active investment philosophy through an ETF structure, providing shareholders with more investment options.
Each of the four ETFs has a corresponding Touchstone mutual fund that shares a similar core investment strategy. The inception date for the first of the ETFs, Touchstone Strategic Income Opportunities ETF, was July 21, 2022, with the others to follow in the weeks ahead.view more
Source: Touchstone Investments
SEC Calls 9 Cryptos 'Securities' SEC Calls 9 Cryptos 'Securities' in Insider Trading Case
July 21. 2022--The SEC and DOJ brought insider trading charges against three people Thursday, but assertions cryptocurrencies are securities may hold greater implications. in Insider Trading Case
The U.S. Securities and Exchange Commission used its first insider-trading case Thursday to formally declare nine digital tokens as /"securities" in its ongoing practice of defining its crypto oversight through enforcement actions.
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Source: coindesk.com
Capital Group adds 3 new strategies to actively managed ETFs
July 20, 2022--Asset manager unveils new fixed income funds, just months after debut in the market
Capital Group has unveiled plans to bolster its actively managed exchange traded funds with the addition of three new strategies, just months after entering the ETF space for the first time, a regulatory filing shows.
The company launched its first suite of six active ETFs on the New York Stock Exchange in February and plans to add to the range with three new strategies: Capital Group Municipal Income ETF, Capital Group US Multi-Sector Income ETF and Capital Group Short Duration Income ETF.
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Source: ft.com
Cathie Wood's Ark Shutters Transparency ETF in First Closure
July 19, 2022--Cathie Wood is closing down one of her exchange-traded funds. the first time her Ark Investment Management has pulled the plug on an ETF.
The St. Petersburg, Florida-based firm is shutting down its ARK Transparency ETF (CTRU), which launched at the end of last year, according to a regulatory filing. With holdings like Teladoc Health Inc. and Spotify Technology SA, the fund aimed to invest in companies that received high scores on transparency.
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Source: bloomberg.com
Franklin Templeton Targets More Assets in ETF Overhaul
July 18, 2022--Firm is renaming some of its ETFs to align brand recognition
Converting mutual funds to ETFs is also being explored
Franklin Templeton Investments, the roughly $1.4 trillion asset manager known for its mutual-fund business, has its sights set on getting bigger in the cut-throat ETF market.
The San Mateo, California-based company aims to quadruple its exchange-traded funds business to $50 billion in the next three years, said Patrick O'Connor, head of global ETFs. That would put it roughly within the top 10 ETF managers, though well behind industry heavyweights Vanguard Group Inc. and BlackRock Inc., who each have at least $1.8 trillion under management.
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Source: bloomberg.com
Harbor Capital Advisors Expands ETF Suite with Second Corporate Culture Strategy
July 18, 2022--ETF Will Be Powered by Irrational Capital's Human Capital Factor Scores
Harbor Capital Advisors, Inc. ("Harbor"), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today announced that it is adding to its exchange-traded fund (ETF) lineup by bringing a new Harbor Corporate Culture ETF (HCFI) to market in October, upon completion of the registration process.
This offering is in addition to the firm's growing lineup of ETFs across investment themes and asset classes. Along with ETFs, Harbor Capital offers a curated experience of mutual funds and collective investment trusts (CITs).
The fully transparent ETF will seek to provide investment results that correspond, before fees and expenses, to the performance of the CIBC Human Capital Index (the "Index").
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Source: Harbor Capital Advisors, Inc
ETFGI reports the ETFs industry in the United States gathered net inflows of 44.05 billion US dollars in June 2022
July 18, 2022--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFGI reports the ETFs industry in the United States gathered net inflows of 44.05 billion US dollars in June, bringing year-to-date net inflows to US$307.49 billion.
During the month, assets invested in US ETF/ETP industry decreased by 6.6%, from US$6.62 trillion at the end of May to US$6.18 trillion, according to ETFGI's June 2022 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
Net inflows of $44.05 billion in June 2022.
Net inflows of $307.49 Bn are the second highest on record in H1 2022, after net inflows of $472.18 Bn in H1 2021.
Assets of $6.18 Tn invested in ETFs and ETPs listed in US at the end of H1 2022.
Assets decreased 14.3% in H1 2022, going from $7.21 Tn at end of 2021 to $6.18 Tn.
$755.08 Bn in net inflows gathered in the past 12 months.
Equity ETFs and ETPs listed in the US gathered net inflows of $158.73 Bn in H1 2022 are the second highest on record after net inflows of $327.43 Bn in H1 2021.
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Source: ETFGI
BlackRock Projects Global Bond ETF Assets to Reach $5 Trillion by 2030
May 18, 2022--Faster investor adoption and novel bond ETF applications driving 23% annual growth rate
Despite the most challenging fixed income market in decades, BlackRock projects that global bond exchange-traded funds (ETFs) assets under management (AUM) will triple to $5 trillion by 2030.1
The extreme market volatility in the early days of the pandemic reinforced the versatility of bond ETFs. As a result, over the past two years more wealth managers have put bond ETFs at the center of their portfolios and institutional adoption of bond ETFs has broadened and deepened
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Source: ishares.com
