ETF Industry News Weekly Recap | September 16-20, 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 38, September 16-20, 2024.

Europe ETF News

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

Macquarie Launches Focused Emerging Markets Equity ETF

Macquarie introduces EMEQ, an actively managed ETF investing in 35-60 emerging market companies, using bottom-up analysis to target firms positioned for long-term growth.

DDA Bitcoin Macro ETP Now Trading on Euronext Paris

The DDA Bitcoin Macro ETP (BMAC) offers systematic bitcoin and USDC exposure, leveraging macroeconomic factors for optimized risk management, with a 2.00% expense ratio.

Amundi Launches US and World ex-US Equity ETFs

Amundi introduces the MSCI USA UCITS ETF (WEBH) with a 0.03% TER, and MSCI World ex USA UCITS ETF (WEXE) at 0.15%, offering precise exposure to US and global markets.

JPMAM's Active ETF Reaches $10bn AUM Milestone in Europe

JPMAM's US Research Enhanced Equity ETF is Europe's first active ETF to hit $10bn AUM, benefiting from $3.6bn inflows in 2024, highlighting active ETFs' growth.

PIMCO Cuts Fee on Emerging Markets Bond ETF to 0.39%

PIMCO reduces the fee on its Emerging Markets Local Bond ETF (EMLB) from 0.60% to 0.39%, making it the second cheapest in Europe after VanEck's EM bond ETF.

ESMA Reports High ETF Settlement Fail Rates Amid CSDR Concerns

ESMA warns of persistently high ETF settlement fails in H1 2024, despite CSDR penalties. Progressive penalties and AP costs may impact investors with wider bid-ask spreads.

US Industry ETF News

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

Stone Ridge Unveils 'Longevity Income' ETFs for Retirees

Stone Ridge launches 28 ETFs designed to provide predictable monthly income for retirees, focused on U.S. bonds with inflation protection and tax advantages.

Intelligent Alpha Launches Livermore ETF (LIVR)

The Intelligent Livermore ETF (LIVR) uses AI models such as GPT, Claude, and Gemini to create a global equity portfolio targeting AI, Latin America, Asia, renewables, and defensive stocks.

SanJac Alpha Launches Two Fixed-Income ETFs

SanJac Alpha introduces SJLD, focusing on high-grade, short-maturity debt for capital preservation, and SJCP, aiming for income and total returns with a diverse bond and MBS portfolio.

Roundhill Launches Small Cap 0DTE Covered Call ETF (RDTE)

Roundhill introduces the Small Cap 0DTE Covered Call ETF (RDTE), which sells daily out-of-the-money calls on the Russell 2000 to generate income from overnight index exposure.

Tidal and GammaRoad Launch Market Navigation ETF (GMMA)

The GammaRoad Market Navigation ETF (GMMA) aims to mirror S&P 500 returns with reduced volatility, using a dynamic strategy that adjusts allocations between U.S. equities and Treasury Bills based on market indicators.

REX and Tuttle Capital Launch 2X Long and Inverse MicroStrategy ETFs

REX, in partnership with Tuttle Capital, debuts MSTU and MSTZ ETFs, offering 200% leveraged and -200% inverse exposure to MicroStrategy’s Bitcoin-linked stock.

Innovator Expands 'Managed Floor' ETFs to US Small-Caps

Innovator launches the US Small Cap Managed Floor ETF (RFLR), offering uncapped Russell 2000 upside with options-based protection against 8-12% losses.

Pacer ETFs Launches MSCI World Industry Advantage ETF

Pacer ETFs introduces the GLBL ETF, offering exposure to top companies in developed markets with industry advantages, targeting growth in global sectors.

Pacer ETFs Launches International Patent Leaders ETF

Pacer ETFs introduces the Nasdaq International Patent Leaders ETF (PATN), tracking 100 non-U.S. firms based on patent valuation to highlight innovation and growth.

Roundhill Files for Weekly T-Bill ETF

Roundhill's Weekly T-Bill ETF invests 80% in U.S. Treasury Bills with maturities of 0 to 3 months, offering weekly income distributions based on yield-to-maturity.

Global X Files for U.S. Electrification ETF

The fund will track the Global X U.S. Electrification Index and invest in U.S.-listed companies generating 50%+ revenue from electricity generation, grid infrastructure, or smart grid technologies.

Infrastructure Capital Files for Capital Bond Income ETF

The Capital Bond Income ETF invests 80% in fixed-income securities, focusing on undervalued corporate bonds. It also utilizes options, swaps, and short sales for income and risk management.

YieldMax Files for Sector-Focused Option Income ETFs

YieldMax plans ETFs targeting AI, biotech, China, crypto, and semiconductors, aiming to generate income via covered call strategies on industry-specific assets.

YieldMax Files for Ultra Short Option Income ETF

YieldMax's ETF, managed by ZEGA Financial, uses short equity positions and options strategies to generate income, offering 13 annual cash distributions.

Volatility Shares Files for 2x Corn ETF

Volatility Shares' 2x Corn ETF aims to deliver twice the daily performance of Corn futures by investing in Corn Futures Contracts, swaps, and collateral like U.S. Treasuries.

Volatility Shares Files for 2x Wheat ETF

Volatility Shares' 2x Wheat ETF aims to deliver twice the daily performance of wheat futures by investing in Wheat Futures Contracts, swaps, and collateral like U.S. Treasuries.

Victory Shares Files for Free Cash Flow Growth ETF

Victory Shares plans a Free Cash Flow Growth ETF, tracking 100 U.S. large-cap growth firms with strong free cash flow, rebalanced quarterly, and capped sector exposure at 45%.

Clough Capital Files for Actively Managed Long/Short Equity ETF

Clough Capital's new ETF targets undervalued U.S. equities with growth potential while shorting expected underperformers, aiming for 30%-70% net long exposure and using options for hedging.

Clough Capital Files for Select Equity ETF

Clough Capital's Select Equity ETF will invest in U.S.-listed equities with strong financials and global growth potential, including emerging market exposure via ADRs.

Invesco Files for North America Climate ETF

Invesco files for a North America Climate ETF, tracking the MSCI North America Climate Index, focusing on U.S. and Canadian mid- and large-cap companies meeting climate criteria.

WEBS Investments Files for Defined Volatility QQQ ETF

WEBS Investments files for an ETF tracking the Syntax Defined Volatility QQQ Index, adjusting QQQ exposure using volatility ratios, focusing on large tech firms.

WEBS Investments Files for Defined Volatility SPY ETF

WEBS Investments files for a passively managed ETF tracking the Syntax Defined Volatility US Large Cap 500 Index, adjusting S&P 500 exposure based on volatility ratios.

Simplify Files for ETF That Tracks an Adjusted S&P 500 Exposure

The passively managed ETF invests 80% in U.S. issuers from its Index, the QRAFT Index. It adjusts S&P 500 exposure between 0%, 100%, and 200% to reduce volatility, reconstituted monthly.

Simplify Files for a China A Shares ETF with Option Strategy

This actively managed ETF invests 80% in China A Shares using Stock Connect. It boosts income with short-term option strategies and manages risk via call and put spreads.

Allspring Hires ETF Leaders to Support Active ETF Expansion

Allspring hires Molly Landes as head of ETF Capital Markets and John Zarkauskas as head of ETF Operations, bolstering its active ETF strategy.

Tidal Financial Rebrands as The ETF Masters Amid Growth

The ETF Masters, formerly Tidal Financial, rebrands while managing 172 funds with $19B in assets. They’ve launched over 50 ETFs in 2024.

Direxion Selects SS&C ALPS Distributors for ETF Distribution Services

Direxion partners with SS&C ALPS Distributors for ETF and mutual fund distribution, including compliance, marketing, and FINRA services. SS&C now supports over 300 ETFs.