Launches & Fundraising

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Access to penny and meme stocks offered through new ETF from Direxion

Access to penny and meme stocks offered through new ETF from Direxion

Solactive has announced that Direxion, described as the pioneer in leveraged and non-vanilla ETFs, has launched its new penny and meme stock ETF, the Direxion Low Priced Stock ETF (Ticker: LOPX), which tracks the Solactive Two Bucks Index, which incorporates stocks with a relatively low share price, and which are typically more difficult to trade due to their lack of liquidity. 

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Global ETF launches 15.7.21 – 22.7.21

Global ETF launches 15.7.21 – 22.7.21

This week saw the ETF launch news dominated by themes again. Goldman Sachs launched its first transparent, actively managed equity ETF, the Future Planet Equity ETF, designed to expand the firm’s existing suite of thematic ETFs, to help investors position their portfolios on the right side of disruption by providing focused exposure to long-term secular growth trends.

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iClima launches two US-listed ‘do more good’ for the environment ETFs

iClima launches two US-listed ‘do more good’ for the environment ETFs

iClima, a female-led, green fintech firm focused on redefining climate change investments, has announced the launch of its first set of US-listed ETFs today: the iClima Global Decarbonization Transition Leaders ETF (NYSE: CLMA) and the iClima Distributed Renewable Energy Transition Leaders ETF (NYSE: SHFT). Both ETFs provide investors with exposure to the next generation of companies leading the fight against climate change.

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CSOP launches China Healthcare Disruption ETF

CSOP launches China Healthcare Disruption ETF

Index provider Solactive writes that the COVID-19 pandemic required businesses to innovate on short notice, catalysing business transformations in the entire global healthcare ecosystem and the strain on healthcare providers’ infrastructure, workforce, and supply chain management exposed inefficiencies, which are valeted by new companies disrupting traditional healthcare systems.