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.
ETF Managers Group (ETFMG) has launched a new thematic equity ETF in the US by listing the ETFMG Travel Tech ETF (AWAY US) on NYSE Arca. The fund is linked to the Prime Travel Technology Index providing exposure to technology-focused companies operating within the global travel and tourism industry.
A US district court has ruled in favour of Nasdaq in a civil lawsuit against white-label provider ETF Managers Group (ETFMG) over the appropriation of several ETFs including a highly profitable thematic cybersecurity fund now known as the ETFMG Prime Cyber Security ETF (HACK US). ETFMG has been ordered to pay nearly $80 million in compensation and punitive damages.
Sit Investment Associates has partnered with white-label platform ETF Managers Group to launch an actively managed ETF that targets high-quality, short-term domestic and foreign debt securities. The ETFMG Sit Ultra Short ETF (VALT US) has listed on NYSE Arca and comes with an expense ratio of 0.30%. The fund seeks to maximize current income while preserving capital and maintaining liquidity.
Global X has added a fifteenth fund to its ‘Thematic Growth’ family of ETFs with the launch of the Global X Cannabis ETF (POTX US) on Nasdaq Exchange. The fund tracks the Cannabis Index, calculated by Solactive, which offers a play on the cannabis theme by covering firms that attribute at least 50% of their revenue, operating income, or assets to the marijuana industry.
AdvisorShares has announced the upcoming launch of the AdvisorShares Pure Cannabis ETF (YOLO US). The fund, which is expected to list on NYSE Arca on Thursday 18 April, is set to become the first actively managed ETF in the US to offer dedicated cannabis exposure. “We feel cannabis stands poised to become a market disruptor and long-term emerging growth opportunity, especially as societal, business, and regulatory landscapes evolve,” said Dan Ahrens, Managing Director at AdvisorShares.