New research from Cerulli Associates’ finds that 80 per cent of US ETF issuers estimate that non-transparent ETFs will gather between USD1 billion and USD100 billion by 2025, as it will probably take time to raise assets for the new class.
Mid-November’s announcement by the US Securities and Exchange Commission of the intention to approve novel ETF structures included the Shielded Alpha ETF wrapper from Blue Tractor Group.
News came yesterday that the SEC had approved four new filings for semi-transparent ETFs, the new active ETF structure with a semi-transparent portfolio that allows investment managers to keep their trading relatively discreet.
The Securities and Exchange Commission (SEC) has granted preliminary exemptive relief to T Rowe Price to offer semi-transparent exchange-traded funds (ETFs), paving the way for the firm launch ETFs that employ its longstanding actively managed investment approach.
Innovator Capital Management, together with Cboe Global Markets, has created a path for options-based ETFs, including its flagship Buffer ETFs, to be more tax-efficient by taking advantage of in-kind transfers previously only available to traditional ETFs.
Reaves Asset Management is a USD3 billion specialist investment firm focused on the utilities sector, mostly in the US. Its Utilities ETF (UTES), recently rebranded as the Virtus Reaves Utilities ETF, gives access to their specialist knowledge of this complicated sector and has produced a 64 per cent return, annualised at 14.7 per cent, since launch in 2015.
ETF data provider ETFGI reports that ETFs and ETPs listed in Canada reached a new high of USD131 billion in assets, following net inflows and market moves of USD2.19 billion during August.
American Century Investments has launched the American Century Quality Diversified International ETF (QINT), American Century STOXX US Quality Growth ETF (QGRO) and American Century Diversified Municipal Bond ETF (TAXF) on the NYSE ARCA.
ETF provider and asset manager First Trust has launched the First Trust S&P International Dividend Aristocrats ETF on the Nasdaq Stock Market LLC under the ticker symbol FID.
Mike Venuto (pictured) and his team at TETF.index, the index that follows the ETF industry has published a note on Facebook.