ETF Industry News Weekly Recap | August 19-23, 2024

Each week, we bring you a comprehensive roundup of the latest ETF industry news and updates from Europe and the United States. This includes ETF launches, filings, closures, mergers and acquisitions, regulatory changes, and other key developments within the ecosystem. Here’s a look at the top stories from Week 34, August 19-23, 2024.

Europe ETF News

Catch up on the key ETF news from Europe this week that you might have missed.

HANetf Lists Focused and Growth Equity ETFs on Mexican Stock Exchange

HANetf has listed Lloyd Focused Equity and Growth Equity ETFs on the Bolsa Mexicana de Valores, expanding its offerings in Mexico to 12 ETFs amid rising demand for UCITS products.

Invesco Switches ESG Data Provider for Global Equity Multi-Factor ETF to MSCI

Invesco's $350m Global Equity Multi-Factor ETF (IQSA) will switch from Moody's ESG data to MSCI, with no change in investment strategy. Transition completes by mid-2025.

VanEck Defense ETF Reaches $1B AUM Amid Global Military Buildup

VanEck Defense UCITS ETF (DFNS) has surpassed $1 billion in AUM, driven by heightened global military spending and investor interest in the defense sector.

Morgan Stanley to Close Remaining Smart Beta ETFs Amid Declining Assets

Morgan Stanley is shutting down its six remaining smart beta ETFs on the FundLogic platform due to low assets, reflecting the waning popularity of smart beta products.

US Crypto Fund Manager Bitwise Acquires ETC Group, Expands Into Europe

Bitwise Asset Management has acquired ETC Group, rebranding its nine crypto ETPs under Bitwise. The move expands Bitwise's reach into the European market.

US Industry ETF News

Catch up on the key ETF news from the United States this week that you might have missed.

Amplify ETFs Launches Growth & Income ETF with Covered Call Strategy

Amplify ETFs, in partnership with CWP, launched the QDVO ETF on NYSE. QDVO combines large-cap growth stocks with a covered call strategy, aiming to deliver high monthly income and capital appreciation.

Twin Oak Launches TOAK ETF for Capital Appreciation with Low Volatility

Twin Oak introduced TOAK, an actively managed ETF using defined risk options strategies to achieve capital appreciation with low volatility and a short duration focus.

Pacer ETFs Launches QQQG Targeting Top 50 Growth Leaders in Nasdaq-100

Pacer ETFs introduced QQQG, focusing on the top 50 large-cap growth companies in the Nasdaq-100 Index with the highest free cash flow margins, aiming for strong sales and earnings growth.

Defiance ETFs Launches Leveraged ETFs for Broadcom and Super Micro Computer

Defiance ETFs introduces AVGX and SMCX, the first single-stock leveraged ETFs offering 200% daily exposure to Broadcom and Super Micro Computer, providing retail investors with leveraged access to AI-driven tech giants.

YieldMax Launches TSM Option Income Strategy ETF

YieldMax launched TSMY, an actively managed ETF using a synthetic covered put strategy on Taiwan Semiconductor Manufacturing Co. (TSM), aiming to generate monthly income.

TappAlpha Launches SPY Growth & Daily Income ETF with Unique Covered Call Strategy

TappAlpha's TSPY ETF uses a covered call strategy by investing in SPY and selling daily call options with quick expirations to maximize income from time decay.

Jensen Launches Quality Growth ETF (JGRW) on NYSE

Jensen Investment Management launched the Jensen Quality Growth ETF (JGRW) on the NYSE, focusing on high-quality, large-cap U.S. companies with strong competitive advantages. The ETF, carrying a 0.57% expense ratio, invests in a concentrated portfolio of 25-30 stocks with consistent high returns on equity and long-term growth potential.

iShares Files for Global Quality Factor ETF Tracking High-Quality Stocks

The fund will track the MSCI ACWI Quality Index, focusing on high-quality growth stocks with strong ROE, earnings stability, and low leverage. The fund will invest primarily in index components, with sector concentrations primarily in healthcare and technology.

Roundhill Files for 10 Weekly Single Stock Covered Call ETFs on Top Tech Stocks

Roundhill's new single stock income ETF series uses a synthetic covered call strategy to generate weekly income while capping upside potential, targeting major stocks like AAPL, AMD, AMZN, GOOGL, and TSLA.

TCW Files for Corporate Bond ETF Focusing on Global Investment Grade Bonds

The fund will invest primarily in U.S. and foreign corporate bonds, targeting investment-grade securities with a flexible duration of 3-9 years. The fund can allocate up to 20% to high-yield bonds and use derivatives for hedging.

Pacific Capital Partners Files for Global EM Equity Active ETF with Value Focus

Pacific Capital Partners and North of South Capital filed for an actively managed ETF targeting large and mid-cap emerging market equities. The fund employs a value approach, investing in 20-50 undervalued companies, and allows for hedging with fixed income, derivatives, and short positions.

Stone Wall Financial Group Files for Tactical 500 ETF to Balance Equity and Cash

Stone Wall Financial Group's SHEP® Tactical 500 ETF uses a proprietary strategy to balance investments between S&P 500 equities and cash, dynamically adjusting exposure to reduce volatility during market downturns.

Stone Wall Files for Tactical Opportunities 1000 ETF Focusing on Mid and Small Caps

Stone Wall Financial Group's new ETF dynamically allocates assets between mid-cap and small-cap equities and cash, using the SHEP® Quantitative Trading Platform to reduce volatility and manage risk.

Stone Wall Files for Noah’s Ark ETF Targeting Fixed Income Stability

Stone Wall's SHEP® Noah’s Ark ETF dynamically allocates assets between U.S. Treasury and corporate bonds and cash, using the SHEP® Quantitative Trading Platform to manage risk and reduce volatility during downturns.

Indexperts Files for Aggressive Growth ETF

Indexperts filed for an actively managed growth ETF investing 80% in stocks with growth potential. The fund selects from two Indexperts growth indices, adjusting sector exposure based on market conditions.

Indexperts Files for Quality Earnings Focused ETF

Indexperts filed for an actively managed ETF investing 80% in stocks with stable or growing earnings. The fund balances allocations across four proprietary indices, adjusting based on market conditions.

Indexperts Files for Yield Focused Fixed Income ETF

Indexperts filed for an ETF focused on investment-grade fixed-income securities, using a buy-and-hold strategy. The fund actively manages maturity, duration, and sector allocation, with monthly reviews and adjustments.

Schwab Files for Mortgage-Backed Securities ETF

Schwab's new ETF aims to track the Bloomberg US MBS Index by investing 90% in agency mortgage-backed securities. It uses sampling and TBA transactions to manage interest rate risk and aims for a 95%+ correlation with the index.

SEC Rejects Cboe Filings for Solana ETFs Over Security Concern

The SEC rejected 19b-4 filings for two Solana ETFs, citing concerns that Solana should be classified as a security, halting the approval process.