This week’s new ETF launches includes a suite of five funds from CI Financial’s US affiliate Cabana Asset Management on the NYSE, which are based on the firm’s existing Target Drawdown Professional Series of separately managed accounts (SMAs) and aim to maintain and grow wealth over the long term with drawdown percentages ranging from 5-16 per cent. Elsewhere, RBC iShares added two new funds to its fixed-income line-up, HSBC debuted a sustainable investments fund on Xetra, and Invesco launched the first euro-denominated hybrids bond ETF.
New Global ETF Launches
A real mixed bag of new ETFs this week includes Innovator Capital Management’s new Stacker funds, the world’s first ETFs to offer a multiple exposure on the upside, to a cap, with a single exposure to the downside, plus a new Tabula fund designed to take advantage of the steepness in investment grade credit curves. We also have several new Xtrackers funds from DWS, three additions to Invesco’s BulletShares suite, as Nasdaq next 50 ETF from VictoryShares, plus a new ‘all-in-one’ retirement ETF from Vanguards based on eight existing equity and fixed income funds.
It’s all about bonds this week with the launch of four new bond-focused ETFs – one from UBS and three new Xtrackers funds from DWS. The new UBS offering is a currency-hedged sustainable bond ETF, while the Xtrackers funds focus on global corporate bonds and short-term US government bonds. Elsewhere, Global X ETFs launched its first Japan-listed funds in partnership with Daiwa Securities, and Tabula debuted a US and European credit default swaps fund.
This week’s new ETF launches include a couple of crypto-related firsts – the launch by 21Shares of the first short bitcoin ETP on Xetra and the admission of the first bitcoin ETP on the official ‘regulated’ market of the Vienna Stock Exchange. Elsewhere, Rize launched two new thematic ETFs – food production and digital learning – Vanguard debuted three new bond funds, and AdvisorShares launched the Pure US Cannabis ETF.
The big news in terms of launches this week is T Rowe Price’s entry into the ETF space with the launch of four semi-transparent, active funds that largely mirror existing mutual fund offerings. The week’s other notable newcomers include a Connected Consumer fund from Direxion based on a Solactive index, a junior biotech ETF from Defiance ETFs, plus thee new iShares bond ETFs.
This week's new ETF launches include a two funds that herald a ‘new era’ in bond investing according to Innovator ETFs. The firm’s latest offerings are the first ever defined outcome bond ETFs providing upside exposure with built-in downside buffer levels. Elsewhere, BlackRock launched a new iShares government bonds ETF, while TD Asset Management debuted three new ‘One-Click” ETFs which invest in a strategic mix of broad market index TD ETFs and actively managed TD ETFs.
The summer lull finally descends on the ETF space this week with just one new fund launch to report – Innovator Capital's new Laddered Fund of S&P 500 Power Buffer ETFs. The new ETF of ETFs will invest equally in each of the firm's 12 monthly S&P 500 Power Buffer ETFs, which all seek to provide a buffer against the first 15 per cent of losses in the S&P 500 and upside performance to a cap over a one-year outcome period, and will rebalance semi-annually.
In another busy week for new ETF launches, both HSBC GAM and Krane Funds brought carbon-focused products to market, the first a fund offering access to low CO2 investment opportunities and the second an ETF benchmarked to IHS Markit's Global Carbon Index.
Another week, and another batch of ‘green’ fund launches – two Paris-aligned, climate ETFs from Franklin Templeton based on STOXX and S&P indices, plus the debut on Xetra of a new fund from Credit Suisse focused on sustainable investments with low volatility. Elsewhere, Lyxor added a new global government bonds fund to its low-cost Core range, while Global Beta launched two factor-based ETFs, CIBC a brace of Global Equity funds, and FiCAS debuted an actively managed Crypto ETP…
No sign of a summer lull in ETF launches as yet with a raft of new funds on offer this week. Alerian made its UCITS ETF debut via the HANetf platform, while American Century Investments, Lyxor and Amundi all launched new ESG/sustainable investment funds. Elsewhere, Invesco debuted a currency gold ETC on Xetra, while Amundi added to its low-cost Prime ETF range, Chimera Capital launched a new fund tracking a Shariah-compliant S&P index, and Franklin Templeton listed a new ultra short bond ETF.