First Trust Advisors has launched the First Trust Dorsey Wright DALI 1 ETF (DALI US) on Nasdaq Exchange. The fund dynamically adjusts its exposure across four broad asset classes based on price momentum signals analysed by relative strength specialist Nasdaq Dorsey Wright.

Strategy Shares, a New York-state based ETF provider, has launched the Strategy Shares Nasdaq 7HANDL Index ETF (HNDL US) on Nasdaq Exchange, tracking a first-of-its-kind strategy index that targets a 7.0% annual distribution rate, all or a portion of which may include a return of capital.

Arrow Funds has launched two ETFs offering distinct approaches to international equities investing. The Arrow DWA Country Rotation ETF (DWCR US) provides exposure to some of the best performing developed and emerging market countries, while the Arrow Dogs of the World ETF (DOGS US) offers a contrarian strategy by targeting the worst performers.

AdvisorShares has lowered the expense ratio for the AdvisorShares Dorsey Wright ADR ETF (AADR US), an actively managed fund providing exposure to international equities with strong relative price momentum. Fees on the ETF have been reduced from 0.99% to 0.98%.

First Trust has announced changes to the First Trust CBOE S&P 500 VIX Tail Hedge Fund (VIXH), transitioning the ETF to a new strategy that will harness investment advisory firm Dorsey, Wright & Associates’ research into relative strength analysis to rotate among large-cap equities and Treasuries. To reflect the changes, the fund will be rebranded the First Trust Dorsey Wright People’s Portfolio ETF (Nasdaq: DWPP).

Copia Capital Management, the discretionary fund manager of Novia group, has announced that its ETF-based smart beta portfolios have outperformed the median IA flexible sector return by an average 8.4% in their first year. Hoshang Daroga, quantitative investment manager at Copia, said: “The strong performance of these new portfolios can be mainly attributed to outperformance from the underlying smart beta ETFs as well as the tactical asset allocation performed using the Copia Quant Model and the Dorsey Wright investment strategy.”

First Trust has announced that the Trustees of the First Trust CBOE S&P 500 VIX Tail Hedge Fund (NYSE Arca: VIXH) have approved changes to the fund’s name, ticker code, underlying index, exchange and investment objective. The changes are due to come into effect on or around 18 August 2017.

Invesco Canada is lining up a series of ETF launches on Aequitas NEO Exchange, having received approval from regulators to list two new series of its PowerShares DWA Global Momentum Index ETF (DWG). The new series will provide investors with the ability to purchase DWG in US dollars (DWG.U) or in a Canadian-dollar-hedged version (DWG.F), and both are expected to begin trading in the coming weeks.

ALPS Advisors, in collaboration with investment advisory firm Dorsey, Wright & Associates (DWA), has launched the ALPS Dorsey Wright Sector Momentum ETF (Nasdaq: SWIN), designed to capture the returns attributable to momentum investing at both the sector and stock level in the US market. The fund is not the first to harness the DWA relative strength methodology and will compete with ETFs from Invesco PowerShares and First Trust.

Nasdaq Stock Market hosted 24 new exchange-traded product listings and one switch in the third quarter of 2016, representing 35% of new ETP listings and switches across all US exchanges. The listing and switching activity brings Nasdaq’s total ETP listings to 295. Jeff McCarthy, Vice President and Head of ETP Listings at Nasdaq, commented: “Nasdaq’s expanding portfolio of ETP listings reinforces our commitment to helping issuers list new products and grow.” Details of the fund launches during the quarter are listed below.