The Securities and Exchange Commission has approved a request to list quadruple-leveraged exchange-traded funds in the US.

Arrow Funds has placed two ArrowShares exchange-traded funds on E*TRADE’s commission-free ETF platform. The firm’s flagship ETF, the Arrow Dow Jones Global Yield ETF (NYSE: GYLD), as well as the Arrow DWA Tactical ETF (NASDAQ: DWAT) can now be bought and sold without paying brokerage commissions via E*TRADE’s platform.

White label exchange-traded fund issuer ETF Managers Group has launched its own FINRA-registered broker dealer, ETFMG Financial, to provide distribution services to its growing family of ETFs. Samuel Masucci, CEO and co-founder of ETF Managers Group, commented: “We are excited about bringing distribution in house which enhances our already expansive services that benefit our partners and the investors in our funds.”

London-based ETF Securities has taken full ownership of the ANZ ETFS joint venture, launched in partnership with Australia and New Zealand Banking Group in May 2015. ANZ ETFS has been rebranded ETF Securities Australia to reflect it as a wholly-owned subsidiary under ETF Securities.

Inverse & leveraged exchange-traded fund provider Direxion has rolled out five leveraged ETFs, providing triple long exposure to various sector plays as well as Mexico’s broad equity market performance. Sylvia Jablonski, managing director at Direxion, commented: “With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape. We aim to provide traders with ways to capitalize on opportunities created by those new policies.”

Californian asset manager Franklin Templeton Investments has introduced its LibertyShares ETF platform in Canada, with plans to launch an initial suite of two actively managed ETFs and two smart beta ETFs in the coming weeks. The venture into Canada will be seeking to build on the success of Franklin Templeton’s US-listed ETFs which collectively hold over $620 in assets under management. (Data as of the end of April 2017)

WisdomTree has cross-listed seven of its WisdomTree UCITS ETFs on the Mexican Stock Exchange, Bolsa Mexicana de Valores. The ETFs offer Mexican institutional investors exposure to European, Japanese, and German broad market equities as well as high income exposure to the US and emerging markets.

Leading index provider to the exchange-traded fund industry MSCI has released its performance report for April 2017, breaking down the best and worst performing equity indices over this period by country, factor and sector. MSCI reports the highest country index returns were achieved by France for the second consecutive month, gaining 5.4% in April and 6.3% in March.

Vanguard has announced another wave of fee reduction on selected funds within its US-listed ETF suite, following on from the firm’s last fee trimming announcement in February 2017. Included in the latest round of fee reductions are 13 equity ETFs, including the giant Vanguard Total Stock Market and Vanguard S&P 500 funds, and four bond ETFs, including the Vanguard Total Bond Market Index Fund.

Winterflood Business Services has launched a fractional share dealing facility allowing clients to trade and hold ETFs to four decimal places. Alex Kerry, head of Winterflood Business Services, commented: “We believe fractional share dealing will help more platforms to build a wider investable universe for micro investors and encourage saving and investment.”