ETF Managers Group has launched a new ETF – the ETFMG 2x Daily Alternative Harvest ETF (MJXL US) on NYSE Arca – providing leveraged exposure to the global cannabis investment theme.
ETF Managers Group has launched its first leveraged and inverse ETFs and in the process becoming the first issuer to launch such geared instruments utilizing the recently introduced ‘ETF Rule’.
SonicShares, a new ETF issuer focused on thematic investing, has launched its debut fund – the SonicShares Airlines, Hotels, Cruise Lines ETF (TRYP US) on NYSE Arca.
ETF Managers Group (ETFMG) has rolled out a cannabis equity ETF on NYSE Arca focused specifically on the US market.
AdvisorShares has introduced a second actively managed cannabis ETF with the launch of the AdvisorShares Pure US Cannabis ETF (MSOS US) on NYSE Arca.
Pacer ETFs has unveiled a new thematic equity ETF that invests in companies providing goods and services to help humanity deal with biological threats, whether natural or man-made. The Pacer BioThreat Strategy ETF (VIRS US) has listed on Cboe BZX Exchange and comes with an expense ratio of 0.70%.
ETF Managers Group (ETFMG) has launched a new thematic ETF that was likely inspired by the Covid-19 pandemic. The ETFMG Treatments, Testing and Advancements ETF (GERM US) provides exposure to biotechnology companies that are involved in the research, testing, and treatment of infectious diseases. Sam Masucci, CEO and Founder of ETFMG, commented, “GERM represents an investment theme that is much more than topical, it provides unique exposure to a previously underrepresented growth sector within biotech. We are excited to bring this product to US investors.”
ETFs providing exposure to video gaming and eSports investment themes have enjoyed a boost from the coronavirus pandemic, notching up gains of 33% on average since 20 March, compared to 24% for the S&P 500 (as of 13 May 2020). Inflows have followed with the VanEck Vectors Video Gaming and eSports UCITS ETF (ESPO), a European play on the theme, seeing its assets surge to $221m from just $25m before the crisis.
ETF Managers Group (ETFMG), Nasdaq, and PureShares have agreed on a settlement that resolves two lawsuits pertaining to the alleged theft of several exchange-traded funds including the world’s first dedicated cybersecurity ETF now known as the ETFMG Prime Cyber Security ETF (HACK US).
ETF Managers Group (ETFMG) and Wedbush Securities have introduced a new thematic ETF on NYSE Arca providing exposure to companies listed globally that are at the forefront of cloud technology. The Wedbush ETFMG Global Cloud Technology ETF (IVES US) is linked to the Dan Ives Global Cloud Technology Prime Index, created in collaboration with seasoned Wall Street technology analyst Daniel Ives.