‘ PureFunds ’

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
ETF Managers Group to close big data and fintech 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.”



FactSet launches Global FinTech Index

Jan 16th, 2017 | By
Source launches Europe’s first ETF tracking fintech equities

FactSet has launched the FactSet Global FinTech Index, tracking the performance of global companies providing disruptive technologies to the financial services space including those engaged in electronic payment processing, credit card technology, financial & compliance ERP software and point-of-sale terminal manufacturing. The index is designed to serve as the underlying for future ETFs which would compete with existing FinTech funds from Global X and PureFunds.



Yahoo hack exposes potential for cyber security ETFs

Sep 28th, 2016 | By
Yahoo hack exposes potential for cyber security ETFs

Yahoo has announced the hacking of some 500m names, email addresses and passwords – the largest corporate data breach in history. The news not only highlights the growing scale of security problems but also the potential for growth in the cybersecurity industry, predicted to grow to $202.3bn by 2021 according to research firm MarketsandMarkets. Investors may gain access to the cybersecurity industry through ETFs offered by PureFunds, First Trust and ETF Securities.



PureFunds launches global healthcare technology ETF on Nasdaq

Sep 6th, 2016 | By
ETF Managers Group/PureFunds in dispute over ownership rights

PureFunds, in partnership with ETF Managers Group, a white-label services provider, has launched a new ETF targeting the global healthcare technology sector. The PureFunds ETFx HealthTech ETF (Nasdaq: IMED) invests in 60 companies providing transformative technology to the healthcare and medical industries. Andrew Chanin, CEO of PureFunds, commented: “[The ETF] is intended to serve as a vehicle for investors to gain exposure to this highly innovative, technology-driven slice of the broader healthcare sector.”



Dropbox hack puts cybersecurity ETFs in focus

Sep 5th, 2016 | By
Yahoo hack exposes potential for cyber security ETFs

New details about the severity of the infiltration of popular file hosting service Dropbox by hackers serves as a reminder of the importance of online security. It also highlights the prospects of firms specialising in cybersecurity and the investment potential of exchange-traded funds that track them. With the industry predicted to grow to over $170bn within a few years and continued cyberattacks prompting company boards to invest ever more in online security technology, the outlook for cybersecurity firms is bright. For ETF investors looking for diversified access to the space, pure-play exposures are offering by PureFunds, First Trust and ETF Securities.



Nintendo’s Pokèmon Go powers performance of video gaming ETF

Aug 17th, 2016 | By
Nintendo soars with Pokèmon Go release; Japanese ETFs up more than 18% year to date

The world of Nintendo gaming and Pokèmon Go has taken smartphone users by storm this summer, propelling the world’s only video gaming-focused ETF into the spotlight. The newest craze, Pokèmon Go, an augmented reality game where users wander the streets to “catch” virtual characters and throw around Pokèballs, fuelled shares in Tokyo-listed Nintendo to more than double in mid July. The smartphone game has achieved some incredible feats, including encouraging teenagers to leave the house, but it has also had a positive impact on ETFs with exposure to it.



PureFunds adds 17 new companies to its ISE Big Data ETF

Apr 1st, 2016 | By
ETF Managers Group/PureFunds in dispute over ownership rights

The PureFunds ISE Big Data ETF (BIGD) has added 17 new companies to its portfolio following the latest reconstitution and rebalancing of its underlying index, the ISE Big Data Index. The move brings the number of holdings to 41, adding a significant degree of diversification to the exchange-traded fund. The ETF is the only one of its kind to provide access to companies offering software and services for data analytics. According to PureFunds, Big Data is the value generated by mining and analyzing very large data sets, which have different degrees to reveal key insights, patterns, and trends. Andrew Chanin, CEO of PureFunds, said: “Businesses of all disciplines in a variety of industries are dependent on Big Data.”