ETF Strategy - ETF news, research, analytics and strategy, covering equities, fixed income, commodities and alternatives
Australia's Perth Mint launches gold ETF on NYSE

Latest news

Australia’s Perth Mint launches gold ETF on NYSE

Australia’s official bullion mint has partnered with white-label platform Exchange Traded Concepts to launch a gold ETF on the NYSE. The Perth Mint Physical Gold ETF (AAAU US) provides exposure to physical gold guaranteed by The Perth Mint, a wholly owned subsidiary of the Government of Western Australia. It is the first ETF in the US to be sponsored by an official government-owned mint.

[continue reading...]

Latest news

Seven issuers list ETFs on London Stock Exchange in July

Seven issuers list ETFs on London Stock Exchange in July

Seven issuers were active on London Stock Exchange in July, listing nineteen new ETFs or share classes, bringing the total number of new listings, including exchange-traded products, to 243 year-to-date. There are now 1,097 ETFs and 487 other ETPs listed on the exchange, represented by more than 2,000 different trading lines across various currency, currency-hedged, distributing and accumulating share classes.

Invesco ETFs

Invesco lists CoCo and FRN ETFs on SIX Swiss Exchange

Invesco has expanded its offering on Zurich’s SIX Swiss Exchange with the cross-listing of five fixed income-based ETFs and ETF share classes.

Bitwise Cryptocurrency ETF SEC

Bitwise files for passively managed cryptocurrency ETF

Bitwise Asset Management has filed a registration with the SEC for an ETF that will track the performance of leading cryptocurrency markets. The San Francisco-headquartered firm already manages what is thought to be the world’s first professionally organized cryptocurrency index fund. Matt Hougan, Bitwise’s Global Head of Research, said “Our view is that this new area has many similarities to the introduction 10 to 15 years ago of commodity ETFs…We see a lot of similarities here.”

David Mazza Head of ETF Strategy at OppenheimerFunds.

OppenheimerFunds expands revenue-weighted suite with dividend-focused ETFs

OppenheimerFunds has unveiled two new revenue-weighted ETFs on NYSE Arca that invest in emerging and developed international equities. The new funds focus exclusively on dividend-paying firms. David Mazza, Head of ETF Investment Strategy at OppenheimerFunds, noted, “When it comes to dividend investing, particularly in the current environment, it may not make sense for investors to limit themselves to the US market, despite its size.”

Fixed Income

Aptus launches equity-enhanced bond strategy ETF

John Gardner Chief Investment Officer Aptus Capital Advisors

Aptus Capital Advisors has launched the Aptus Defined Risk ETF (DRSK US) on Cboe BZX. The fund, which is actively managed by John D Gardner, Chief Investment Officer at Aptus, seeks income and growth through a hybrid fixed income and equity approach.

BlackRock recasts four US bond ETFs

BlackRock switches four USD fixed income ETFs to ICE indices

BlackRock has restructured four US-listed fixed income ETFs, transitioning the funds to new indices and providing them with new names and tickers to reflect the changes. The ETFs previously tracked indices from Bloomberg Barclays but are now linked to indices provided by ICE Data Services. “As investors have expressed a desire for more focused corporate exposure, these index changes will ensure we offer the right ETFs for our clients’ evolving needs,” said Heather Brownlie, Head of US iShares Fixed Income at BlackRock.

Alternatives / Multi-Asset

Innovator Capital launches S&P 500 ETFs with downside protection

Innovator Capital lining up S&P 500 ETFs with defined downside protection

Innovator Capital has rolled out a suite of ‘defined outcome’ ETFs on Cboe BZX. Defined outcome investing seeks to target a specific defined payoff profile, with an allowance for a specific defined level of risk, at a specific point in time in the future. The suite – three ETFs initially – provides exposure to the S&P 500 index with downside protection levels of 9%, 15%, or 30% over a period of approximately one year.

S&P DJI launches multi-asset risk-parity indices

S&P DJI launches multi-asset risk parity indices

S&P Dow Jones Indices (S&P DJI) has launched the S&P Risk Parity Indices, a family of strategy indices employing a multi-asset risk-parity approach. Risk-parity strategies typically aim to achieve an equal risk contribution from each of the asset classes or individual securities included within the portfolio.

Commodities

BlackRock to close iShares commodity optimized ETP

ETF Closed closure

BlackRock has announced that it will close and liquidate the NYSE Arca-listed iShares Commodity Optimized Trust (CMDT US).

Global economic growth may provide tailwinds for hard assets

Dominik Poiger, Portfolio Manager at VanEck.

By Dominik Poiger, Portfolio Manager at VanEck.

Although commodities and natural resource equities—often referred to collectively as “hard assets”—are valued quite differently from one another on a fundamental basis, they both serve an important role as the foundation of industrial economies and can also provide similar core investment benefits.

Equities

TrimTabs’ actively managed US free cash flow ETF surpasses $100m in assets

Janet Johnston, portfolio manager at TrimTabs Asset Management.

TrimTabs Asset Management has announced that the TrimTabs All Cap US Free-Cash-Flow ETF (TTAC US) has crossed the $100m AUM mark. The fund, which began the year with $38m in assets, invests in companies that have delivered robust free cash flow growth, possess strong balance sheets, and have reduced their share count. “Crossing the $100 million mark is an exciting moment for our firm, our investors and for the fund,” said Janet Johnston, the fund’s co-portfolio manager.

JP Morgan adds Canada and Asia ex-Japan ETFs to BetaBuilders suite

JP Morgan ETFs

JP Morgan has unveiled two more equity ETFs as part of its ‘BetaBuilders’ range of funds – low cost, passively managed ETFs marketed as portfolio building blocks. The new additions provide broad exposure to the equity markets of Canada and developed Asia Pacific excluding Japan.

Diverging outlooks accelerate within emerging markets

James Alexander, Global Head of Multi Asset at Nikko Asset Management.

By James Alexander, Global Head of Multi Asset at Nikko Asset Management.

Trump imposed $50 billion in tariffs against China with $200 billion still pending and more in the pipeline to effectively cover all imports ($450 billion) from China. So far, China’s heels are firmly dug in, responding in kind against tariffs imposed so far, but a deal with Europe to avert auto tariffs may pose an opportunity to bring negotiators back to the table. All eyes are on China for what’s to come next.

ETF and Index News

Horizons to close actively managed US dividend ETF

Horizons to close its actively managed US dividend ETF

Horizons ETFs has announced that it plans to close and liquidate its US-listed Horizons Cadence Hedged US Dividend Yield ETF (USDY US), which will see its last day of trading on 24 August 2018.

Traditional active managers vulnerable, says Moody’s

Active managers vulnerable following persistent outflows, says Moody’s

Many traditional active equity managers are vulnerable to a downturn in equity markets as rising stock prices have masked the underlying weakness of their business models, according to a report from Moody’s. Stephen Tu, an analyst at the ratings agency, commented, “As equity market values have risen over the past decade, asset managers have experienced stable cash flow generation. However, the lack of organic AUM growth at a time when asset markets are at historical highs is a cause for concern.”

Aussie regulator’s review of ETPs identifies areas for improvement

ASIC highlights areas for improvement in Australia’s ETP market

The Australian Securities and Investments Commission (ASIC) has identified a range of risks within the country’s ETP industry that require monitoring by issuers and oversight by market operators.