Philadelphia-based Global Beta Advisors has become the latest firm to unveil an ETF with the launch of the Global Beta Smart Income ETF (GBDV US) on NYSE Arca. The fund provides exposure to US dividend-paying equities and is underpinned by a sales-driven investment philosophy. It is linked to the proprietary Global Beta Smart Income Index, which is based on the S&P 900 universe.

Invesco has announced a shake-up to its product suite in the US including the closure of 42 ETFs and listing venue changes for 22 ‘BulletShares’ funds.

Invesco is understood to be in the final stages of acquisition talks with OppenheimerFunds in a deal worth around $5 billion, according to sources close to the matter. The deal, potentially to be announced in October, would be Invesco’s third ETF-related buyout in two years, following the acquisitions of Source and Guggenheim Investments in August 2017 and April 2018 respectively.

OppenheimerFunds has unveiled two new revenue-weighted ETFs on NYSE Arca that invest in emerging and developed international equities. The new funds focus exclusively on dividend-paying firms. David Mazza, Head of ETF Investment Strategy at OppenheimerFunds, noted, “When it comes to dividend investing, particularly in the current environment, it may not make sense for investors to limit themselves to the US market, despite its size.”

Quality has replaced value as the factor driving US large-cap equities in 2017 so far, according to new research from FTSE Russell and OppenheimerFunds.

OppenheimerFunds has launched three new revenue-weighted ETFs on Bats Exchange, the Oppenheimer Emerging Markets Revenue ETF (REEM), Oppenheimer Global Revenue ETF (RGLB), and Oppenheimer International Revenue ETF (REFA), providing exposure to the emerging, global and international market segments respectively.

Oppenheimer Funds has filed a request with the Securities and Exchange Commission (SEC) to list four new smart beta multifactor ETFs. The new ETFs will focus on US large caps, US small caps, developed world ex-US equities and emerging market equities, and each will dynamically adjust its exposure to the various factors based on the current stage of the economic cycle.

The Securities and Exchange Commission (SEC) appears to be sending out contradictory signals regarding the use of leveraged ETFs following the approval and subsequent review of two new quadruple leveraged ETFs.

Charles Schwab has announced that Schwab ETF OneSource is adding 12 more ETFs to its line up, allowing investors to trade a total of 228 ETFs without paying any commission, enrolment chanrges or early redemption fees. Heather Fischer, Vice President of ETF Platform Management at Charles Schwab, commented: “Schwab ETF OneSource is growing in every way – we’ve added to both our provider and fund ranks in the last year, and continue to offer investors of all sizes the most choice when it comes to commission-free ETFs.”

Oppenheimer Funds, a leading global asset manager, has entered the smart beta exchange-traded funds space with the launch of eight new ETFs. All the funds are revenue-weighted and come in direct response to client demand, who want an ETF with the benefits of an active strategy. In December, the firm completed its acquisition of VTL Associates, known for its RevenueShares range of ETFs. It has subsequently re-branded the suite of products, which offers global and regional equity exposures while weighting constituents based on their top line revenue. A revenue-weighted approach may contain benefits over alternative weighting schemes.