White label exchange-traded fund issuer ETF Managers Group (ETFMG) has announced a reduction in the management fee for the PureFunds ISE Cyber Security ETF (NYSE Arca: HACK) from 0.75% to 0.60%, effective as of 1 May 2017.

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.”

Tierra Funds, an exchange-traded fund sponsor focused on the Americas region, has introduced the Tierra XP Latin America Real Estate ETF (LARE), the first US listed ETF to deliver access to real estate investment trusts (REITs) and real estate operating companies (REOCs) in Latin America. The ETF is designed to tap into the growth potential and opportunities in the Latin American property market. “LARE offers investors both current income and growth potential as well as access to local real estate equities that are otherwise not available in competing products,” said James Anderson, Managing Partner at Tierra Funds.