Bethesda, Maryland-based Euclid Investment Advisory has debuted its first ETF, an actively managed ETF of ETFs that utilizes technical analysis to shift tactically between various asset classes.
By Emily Doak, Managing Director of ETF Research for Charles Schwab Investment Advisory.
Just because an investment drops in value doesn’t mean it’s a bargain.
JP Morgan Asset Management has added to its ‘BetaBuilders’ suite of low-cost, passively managed ETFs with the launch of the JPMorgan BetaBuilders US Small Cap Equity ETF (BBSC US).
Goldman Sachs Asset Management (GSAM) has become the latest investment giant to roll out its own range of competitively priced core ETFs. Debuting under the newly unveiled ‘MarketBeta’ brand, the three Cboe-listed ETFs track Solactive indices and provide economical access to market-cap-weighted portfolios of US, developed ex-North America, and emerging market stocks. They come with fees ranging from 0.07% to 0.36%.
A proposal by a cabal of dominant ETF issuers that calls on exchanges to adopt a new naming convention for exchange-traded products has prompted a backlash from smaller, innovative rivals who claim the move is anti-competitive.
By Emily Doak, Managing Director of ETF Research for Charles Schwab Investment Advisory.
The record volatility of 2020 has been accompanied by a higher than usual number of exchange-traded product closures, especially among leveraged and inverse products.
JP Morgan Asset Management has added to its ‘BetaBuilders’ suite of low-cost, passively managed ETFs with the launch of the JPMorgan BetaBuilders US Mid Cap Equity ETF (BBMC US) on NYSE Arca. The fund is linked to the Morningstar US Mid Cap Target Market Exposure Extended Index and provides investors with liquid, cost-effective access to mid-cap equities trading in the US. It comes with an expense ratio of 0.07%.
Financial services giant BNY Mellon has introduced a trio of ultra-low-cost ETFs, with five more launches planned for the coming weeks. The NYC-headquartered firm is well established in the ETF space as a custodian and administrator but this is the first time it has rolled out its own ETFs. Mitchell Harris, CEO of BNY Mellon Investment Management, said, “We are putting the entire firm to work for our clients to offer high-quality products at a very competitive fee level.”
State Street Global Advisors (SSGA) has rebranded seven ETFs and reassigned them to its ‘SPDR Portfolio’ suite of ultra-low-cost ETFs. Noel Archard, Global Head of SPDR Product SSGA, commented, “The SPDR Portfolio suite was initially launched to give investors greater choice in low-cost ETFs. With today’s additions to the line-up, we’re offering investors more fixed income and international equity ETF options to help investors refine their asset allocations.”
Two US-listed ETFs providing exposure to Treasury Inflation-Protected Securities (TIPS) are enjoying significant demand as investors position their portfolios to withstand the effects of future interest rate cuts.