ETF Managers Group (ETFMG) is being sued by Nasdaq for allegedly fabricating reasons to justify taking control of a number of ETFs, including the $1.1 billion fund now known as the ETFMG Prime Cyber Security ETF (NYSE Arca: HACK).

Deutsche Asset Management has cross-listed six US sector ETFs onto SIX Swiss Exchange. The ETFs, which are linked to MSCI indices, are listed in dollars and provide exposure to US equities in the consumer discretionary, consumer staples, financials, information technology, healthcare and energy sectors. Simon Klein, head of passive distribution, EMEA and APAC, commented: “The new sector ETFs give investors the flexibility to trade at a more granular level than region or country. As ETFs are used more tactically, this kind of granularity is important.”

While external funds of funds (FoFs) have grown faster than internal FoFs in recent years, a new breed of low-cost passive in-house fund holding ETFs is likely to prosper, according to a study by research house Cerulli.

Evolve Funds has announced it has entered an agreement to buy Sphere Investment Management’s five ETFs, which are listed on the Toronto Stock Exchange.

Analysis of recent ETF flows signals ETF investors might be losing confidence in the European recovery story that has become something of a consensus trade lately.

IHS Markit and Korea Exchange (KRX) have launched two new smart beta indices that track South Korean equities. The indices will allow ETFs and other market participants to track publicly traded Korean Companies with the strongest dividend prospects based on IHS Markit research.

Sage Advisory, an investment management firm based in Austin, Texas, has unveiled its first independently issued ETF, the Sage ESG Intermediate Credit ETF (Cboe: GUDB). The ETF has been listed on the Cboe ETF Marketplace.

Global passive assets are set to more than double from $14 trillion in 2016 to $37tn by 2025, according to a recent report from professional services firm PwC.

Frankfurt-based index provider Solactive is celebrating ten years since its founding in 2007. The firm has grown to produce more than 4,500 indices for over 350 clients and there are now over 260 ETFs tracking indices calculated by Solactive. Steffan Scheuble, CEO of Solactive, commented, “This has been a wonderful ten-year journey full of excitements and challenges.”

Inspire Investing has reported that its family of US-listed biblically responsible ETFs has passed $100 million in assets under management (AUM) just eight months after launching in February this year.