‘ PureFunds ’

ETFMG, Nasdaq and PureFunds agree settlement

May 2nd, 2020 | By
ETFMG can’t HACK Nasdaq dispute anymore

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).


Court rules in favour of Nasdaq over HACK ETF dispute

Dec 20th, 2019 | By
Nasdaq ETFMG HACK ETF

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.


VanEck launches video game and eSports industry ETF

Oct 19th, 2018 | By
Nikko launches actively managed E-Games ETF in Hong Kong

VanEck has launched the VanEck Vectors Video Gaming and eSports ETF (ESPO US) on NYSE Arca. The fund provides exposure to a global equity portfolio of companies closely related to the theme of video gaming and eSports. “The video game industry is disrupting traditional media and entertainment,” said Ed Lopez, Head of ETF product at VanEck. “And with a young and highly engaged demographic, ESPO provides investors access to what we believe can be a long-term growth story.”


MVIS launches global video gaming and eSports index

Jul 17th, 2018 | By
MV Index Solutions launches global video gaming and eSports index

MV Index Solutions (MVIS), the indexing division of ETF issuer VanEck, has launched the MVIS Global Video Gaming and eSports Index, a pure-play index tracking firms involved in the development of video games and eSports events. “The video game industry has grown faster than expected in recent years and will stay on its current trajectory,” said Thomas Kettner, managing director at MVIS.


ETFMG sued by Nasdaq as HACK ETF fallout continues

Nov 3rd, 2017 | By
ETFMG sued by Nasdaq as HACK ETF fallout continues

ETF Managers Group (ETFMG) is being sued by Nasdaq for allegedly fabricating reasons to justify taking control of a number of ETFs, including the $1.1 billion fund now known as the ETFMG Prime Cyber Security ETF (NYSE Arca: HACK).


ETF Managers Group to close HealthTech ETF

Aug 30th, 2017 | By
Healthcare Technology ETFs

White-label ETF platform ETF Managers Group has announced it has decided to close the ETFMG ETFx HealthTech ETF (Nasdaq: IMED) based on an ongoing review of market demand. Effective immediately, IMED will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.


ETF Managers Group and PureFunds in partnership dispute

Aug 1st, 2017 | By

White-label ETF platform ETF Managers Group (ETFMG) has changed the names of six ETFs within the ETF Managers Series Trust, rebranding the funds ‘ETFMG’ following a dispute with the ETFs’ original partner PureFunds and its founder Andrew Chanin. The funds in question offer a range of thematic equity exposures and include the commercially successful PureFunds ISE Cyber Security ETF (NYSE Arca: HACK), which holds more than $1.1 billion in assets under management.


ETF Managers Group, PureFunds to close big data and fintech ETFs

Jul 24th, 2017 | By
ProShares to shut gold miners and HY credit ETFs

The PureFunds ISE Big Data ETF (NYSE Arca: BIGD) and the PureFunds Solactive FinTech ETF (Nasdaq: FINQ), a collaboration between PureFunds and white label ETF provider ETF Managers Group, are to close.


ETF Managers Group reduces fees on Purefunds cybersecurity ETF

Jun 9th, 2017 | By
ETF Managers Group reduces fees on Purefunds cybersecurity ETF

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.


ETF Managers Group launches own FINRA-registered broker dealer

May 5th, 2017 | By
Samuel Masucci, CEO and co-founder of ETF Managers Group

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.”