Market volatility in early 2020 has seen close to USD1 billion flow into Innovator Capital Management’s range of Defined Outcome products, designed to offer investors exposure to an index with a cap and a downside buffer limiting potential losses to minus 9 per cent, 15 per cent or 30 per cent.
BNY Mellon has been appointed by United States Commodity Funds (USCF) to provide ETF services — including serving as its custodian, fund accountant and administrator and transfer agent. The conversion was completed on 1 April.
Automated trading platform Tradeweb today reported a record average daily volume (ADV) of USD1.0 trillion in aggregate for the month of March 2020, an increase of 41.5 per cent year over year.
Invesco has launched a new ETF focussed on short-dated US government bonds on Xetra and Börse Frankfurt.
State Street Corporation has been appointed as ETF servicing agent and the first Authorised Participant Representative (APR) for American Century Investments’ new range of semi-transparent, actively managed ETFs.
The hotly anticipated launch of the first two semi-transparent ETFs has been announced, with American Century Investments using Precidian Investments' ActiveShares methodology to launch the American Century Focused Dynamic Growth ETF (FDG)1, 4 and American Century Focused Large Cap Value ETF (FLV)1, 4.
In another predictably quiet week for ETF launches, Lyxor was ‘on-trend’ with the debut of a new suite of ‘ecosystem’ funds designed to be consistent with the carbon emission reduction targets of the Paris Agreement of 2015. Lyxor says the ETFs, which track MSCI's Climate Change indices, provide investors with access to European, US, Emerging Markets and World equity exposures in a 'simple, transparent and cost-effective way'.
The April series of the Innovator Nasdaq-100 Power Buffer ETF (NAPR) and Innovator Russell 2000 Power Buffer ETF™ (KAPR) are scheduled to begin trading, expanding Innovator Capital Management's Defined Outcome ETF suite to forty-three Buffer funds in total.
Latest news from REX Shares, providers of long and short ETNs on a range of key indices, has announced that Bank of Montreal (BMO) has increased the aggregate principal amount of the MicroSectors US Big Oil Index 3x Leveraged Exchange Traded Notes by USD50 million, to a new total of USD75 million.
New analysis of industry data by ETF provider GraniteShares reveals the number of net short positions reported to the Financial Conduct Authority in January and February this year was down by around 12 per cent when compared to the same period last year. However, in the first half of this month, there were 40 per cent more net short positions reported to the FCA than the same period last March.