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SSGA launches new communication services sector ETF in Europe

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SSGA launches new US Communication Services sector ETF in Europe

State Street Global Advisors has launched the SPDR S&P US Communication Services Select Sector UCITS ETF in Europe. Listed on LSE and Xetra, the fund provides exposure to the newly created Communication Services sector of the US equity market, as defined by the Global Industry Classification Standard. “This September, GICS will introduce a new Communication Services sector to reflect massive changes in the way we communicate, interact, and consume content,” said Mandy Chiu, head of product for SPDR ETFs in EMEA and APAC.

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Latest news

Australia's Perth Mint launches gold ETF on NYSE

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.

Loncar Investments launches China BioPharma ETF

Loncar launches China BioPharma ETF

Loncar Investments has announced the launch of the Loncar China BioPharma ETF (CHNA US) on Nasdaq Exchange. The fund tracks an index that covers equities of firms operating in China’s rapidly developing biopharmaceutical industry.

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.

Timo Pfeiffer, Head of Research at Solactive.

Solactive launches “Industry 4.0” thematic index

Solactive has launched the Solactive Industry 4.0 Index, an index tracking companies across five innovative tech themes: advanced robotics, augmented reality & 3D printing, cloud & big data, cyber security and internet of things. Timo Pfeiffer, Head of Research at Solactive, commented, “Industry 4.0 promises enormous productivity advancements and it is certainly not exaggerated to say that this is a turning point in history.”

Fixed Income

Invesco lists CoCo and FRN ETFs on SIX Swiss Exchange

Invesco ETFs

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.

Invesco builds out BulletShares suite with two longer maturity ETFs

Dan Draper, Global Head of ETFs at Invesco.

Invesco has extended its suite of defined maturity BulletShares ETFs with the launch of 2026 and 2028 products on NYSE Arca. “The longer maturity date of the two new Invesco BulletShares ETFs will further democratize the bond laddering process for investors, offering a convenient and liquid way to meet the market for defined income needs,” said Dan Draper, Global Head of ETFs at Invesco.

Alternatives / Multi-Asset

Bitwise files for passively managed cryptocurrency ETF

Bitwise Cryptocurrency ETF SEC

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.”

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.

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

WisdomTree launches two actively managed multifactor ETFs on NYSE

WisdomTree launches two actively managed multifactor ETFs

WisdomTree has introduced two new actively managed multifactor ETFs investing in emerging and developed international equity markets. Each ETF seeks capital appreciation by selecting and weighting securities based on a quantitative model that blends fundamental and technical factors to enhance exposure to the factor risk premia of quality, momentum, and volatility.

OppenheimerFunds expands revenue-weighted suite with dividend-focused ETFs

David Mazza Head of ETF Strategy at OppenheimerFunds.

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.”

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.

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.