Purpose Investments has launched an ETF in Europe providing exposure to US enterprise software companies.

By Anthony Beevers, Portfolio Manager at First Trust Global Portfolios.

The Covid-19 vaccine announcement on 9 November 2020 triggered a significant factor rotation in favour of value. Given the rally that value has recently enjoyed, many will be wondering if they might have missed the boat.

Viridi Funds, a Seattle-based investment advisor focused on the crypto-asset industry, has introduced its inaugural ETF with the launch of the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ US).

Amplify ETFs has launched a new exchange-traded fund providing exposure to multiple investment themes by targeting the companies most widely owned by US-listed thematic ETFs.

CSOP Asset Management has expanded its suite of thematic strategies with the launch of a new ETF providing exposure to innovative Chinese healthcare companies.

FinEx has launched the FinEx Video Gaming and eSports UCITS ETF (FXES RM) on Moscow Exchange, providing exposure to companies operating in the global video gaming and eSports industries.

Goldman Sachs Asset Management has debuted its first actively managed ETF with the launch of the Goldman Sachs Future Planet Equity ETF (GSFP US) on NYSE Arca.

Sweden-based AuAg Funds, an investment boutique focused on precious metals and clean energy, has launched Europe’s first ESG-screened gold mining ETF.

According to Bloomberg Intelligence (BI), the decreased concentration of stocks associated with the clean energy theme within ETFs provides investors with broader and less volatile exposure. Still, warns BI, some companies like Sunworks still have close to 20% of their shares held by the ETFs so drastic price swings can still be expected.

Thematic specialist Defiance ETFs has introduced the Big Data ETF (BIGY US) on NYSE Arca, a new fund investing in companies that specialize in data science and analytics.