Toroso Investments and white label ETF platform Exchange Traded Concepts, have launched the ETF Industry Exposure & Financial Services ETF (NYSE: TETF), providing access to companies driving growth in the ETF industry. Mike Venuto, CIO of Toroso Investments, commented: “[The ETF] is aimed toward capturing not only the established leaders in each area, but also those firms that might be new to the space but are bringing exciting approaches that could resonate with investors and drive further growth of the industry itself.”
Two new smart beta equity ETFs from iShares, the iShares Edge MSCI World Minimum Volatility UCITS ETF and the iShares Edge MSCI World Multifactor UCITS ETF, have been made available on Deutsche Börse’s Xetra and Frankfurt exchanges. Both ETFs minimise the exchange rate risk between the US dollar and the euro by adopting a monthly currency hedge.
VictoryShares, the exchange-traded fund brand of US-based asset manager Victory Capital, has launched a new ETF providing exposure to US large-cap equities that are forecast to have growing dividends.
Manulife Investments and Dimensional Fund Advisors have launched a suite of proprietary multi-factor ETFs on Toronto Stock Exchange, targeting Canadian, US, and international equity exposures.
First Trust Advisors has partnered with Baltimore-based equity investment manager EquityCompass to launch two actively managed ETFs seeking capital appreciation by primarily reducing volatility and avoiding large, prolonged market losses.
SerenityShares Investments has launched the SerenityShares IMPACT ETF (NYSE: ICAN), providing access to US-listed equities whose business models seek to improve environmental and societal concerns. While traditional ESG-themed ETFs focus on screening out firms operating in controversial industries (such as tobacco, weapons, and fossil fuels), ICAN represents the next generation of funds which aim to positively screen for and increase exposure to companies whose activities actively benefit society and the planet.
According to a note from Bank of America Merrill Lynch, flows into robotic ETFs and mutual funds have grown significantly over the last year, swelling assets from around $5.1 billion to $8.9bn.
Since the start of the bull market in March 2009, assets in the SPDR S&P 500 ETF (NYSE Arca: SPY) have increased by $172 billion while the fund has outperformed 85% of active managers over the last 3, 5, and 10 years. This growth, coupled with its unmatched liquidity (15+ million shares of SPY now trade every hour), has helped propel SPY to become the market’s vehicle of choice for S&P 500 exposure.
BMO Asset Management has added four exchange-traded funds to its suite of globally diversified sector ETFs listed on the Toronto Stock Exchange, bringing the total number of funds within the range to seven.
Frankfurt-based index provider Solactive has unveiled a new family of indices tracking leading companies in the field of gender equality.