Krane Funds Advisors, best known for its KraneShares-branded suite of China-focused ETFs, has broadened its capabilities beyond the Asian giant with the launch of two smart beta ETFs on NYSE Arca providing exposure to domestic US stocks with sustainable dividends.
ProShares, a US-based ETF sponsor specializing in inverse and leveraged products, has announced the upcoming closure of three of its ETFs: GDXX, GDXS and WYDE.
ProShares has launched four new ETFs on NYSE Arca, providing a range of leveraged and inverse leveraged exposures to the newly minted Communications Services sector of the S&P 500 Index. “ProShares is committed to providing knowledgeable investors with a comprehensive set of tools for tactical investing,” said Ben Fulton, Managing Director of ProShares’ tactical products business.
ProShares has launched the first ETF focused on the pet care industry – the ProShares Pet Care ETF (PAWZ US). Listed on Cboe BZX, PAWZ provides investors with a means to benefit from the theme of pet ownership and the emerging trends in how owners care for their pets.
ETFs providing exposure to the VIX Index have recorded strong gains over the past week as volatility in US equities has spiked amid a global market sell-off.
Bitwise Asset Management has filed a registration with the SEC for an ETF that will track the performance of leading cryptocurrency markets. The San Francisco-headquartered firm already manages what is thought to be the world’s first professionally organized cryptocurrency index fund. Matt Hougan, Bitwise’s Global Head of Research, said “Our view is that this new area has many similarities to the introduction 10 to 15 years ago of commodity ETFs…We see a lot of similarities here.”
United States Commodity Funds (USCF) has announced that it is closing and liquidating three sub-scale ETFs. The ETFs slated for closure provide exposure to a broad basket of agriculture-based futures, the inverse performance of WTI crude oil, and diesel-heating oil.
The US Securities and Exchange Commission (SEC) has again rejected the Winklevoss twins’ application to list a bitcoin-backed ETF, citing ongoing concerns over market manipulation.
Amplify ETFs has announced its flagship fund, the Nasdaq-listed Amplify Online Retail ETF (IBUY US), has reached $500m in assets under management since its launch in April 2016. Christian Magoon, founder and CEO of Amplify ETFs, said, “We knew when we launched IBUY in April 2016 it had potential to be disruptive. Now with more than $500 million in assets and positive performance we feel investors have affirmed IBUY’s position as a bellwether ETF for the evolving retail sector.”
ProShares has launched the ProShares Online Retail ETF (ONLN US), enabling investors to participate in the continued upside of the online retail theme. Listed on NYSE Arca, the passively managed ETF invests in companies principally selling online or through other non-physical channels, such as mobile or app. “Rather than investing in an individual company, investors can now get exposure to Amazon, Alibaba and other global leaders in online retail with a single ticker: ONLN,” said Michael Sapir, co-founder and CEO of ProShare Advisors.