ETF Industry News Weekly Recap | September 23-27, 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 39, September 23-27, 2024.

Europe ETF News

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

Amundi Launches Low-Cost Indian Sovereign Bond ETF

Amundi debuts the JP Morgan INR India Government Bond UCITS ETF with a 0.30% TER, the most competitively priced ETF tracking Indian government bonds in Europe.

Performance Trust Launches Fixed-Income ETF in Europe via HANetf

Performance Trust introduces the actively managed Total Return Bond UCITS ETF, focusing on rate-agnostic bonds, partnering with HANetf.

First Trust Launches Nasdaq-100 Moderate Buffer ETF in Europe

First Trust debuts QSEP, an ETF offering Nasdaq-100 growth with 15% downside protection and capped upside, using a buffer strategy to manage volatility.

AXA IM Launches Emerging Market Debt ETF with Paris-Aligned Focus

AXA IM debuts AICU and AQDU ETFs, offering exposure to emerging market corporate debt aligned with Paris Agreement emission reduction targets.

Fair Oaks Capital Lists Europe’s First AAA CLO ETF on LSE

Fair Oaks Capital launches FAAA, Europe’s first AAA-rated CLO ETF, offering access to floating-rate CLOs in Euros and Sterling, with a 0.35% expense ratio.

FTSE Russell Introduces Fixed Income TPI and Glidepath Indexes for Climate Goals

FTSE Russell launches Fixed Income TPI Climate Transition and TPI Focused Glidepath Indexes, offering climate-aligned fixed income strategies that integrate carbon metrics.

ESMA Advisory Group Warns of ETF Risks in EU’s T+1 Settlement Shift

The SMSG cautions ESMA about potential disruptions in ETFs and bonds during the EU’s transition to a T+1 settlement cycle, highlighting the risk of settlement fails.

US Industry ETF News

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

J.P. Morgan Launches JDIV ETF Focused on Dividend Leaders

J.P. Morgan introduces JDIV, a global ETF targeting dividend-paying equities for capital growth and income, focusing on companies with strong dividend sustainability.

VanEck Launches CLOB ETF for Mezzanine CLO Investing

VanEck debuts CLOB, offering exposure to AA-BB rated mezzanine CLOs, with higher yield potential in the $1.5 trillion CLO market.

Texas Capital Launches First ETF Following Money Market Rule 2a-7

Texas Capital launches MMKT, the first ETF adhering to SEC’s Rule 2a-7, investing in short-term government securities, targeting the $6.3 trillion money market fund space.

THOR Launches Index Rotation ETF with Dynamic Risk Mitigation

THOR’s new Index Rotation ETF (THIR) offers exposure to major U.S. indices, adjusting allocations based on risk trends to manage volatility.

Simplify Launches AI-Driven Quant ETF for Long/Short U.S. Equity Exposure

Simplify introduces WUSA, an ETF using machine learning to analyze over 300 factors, employing a 150/50 allocation strategy for long and short stock opportunities.

SSGA Launches Actively Managed Corporate and Municipal Bond ETFs

SSGA debuts SPDR SSGA MyIncome ETFs, offering 14 actively managed bond ETFs for custom bond ladder portfolios to manage income, risks, and liquidity.

Pacer ETFs Launches QSIX, Offering 600% Dividend Yield on Nasdaq-100

Pacer introduces QSIX, which provides six times the dividend yield of the Nasdaq-100 without leverage, blending reduced equity exposure with enhanced income potential.

FT Vest Launches Three New Buffer ETFs for September

FT Vest debuts TSEP, SEPM, and RSSE ETFs, offering capped upside and downside protection on U.S. equity, emerging markets, and equal-weight S&P 500 indices.

Themes ETFs Launches Three ETFs Focused on Critical Minerals

Themes ETFs debuts LIMI, COPA, and URAN, tracking global indices for companies involved in lithium, copper, and uranium mining, exploration, and refining.

REX Shares and Tuttle Capital Launch 2X Leveraged Netflix ETF

REX Shares and Tuttle Capital launch NFLU, providing traders with 200% daily exposure to Netflix stock, offering leveraged access to the company’s performance.

First Eagle Files for Global Value-Oriented Actively Managed Equity ETF

First Eagle Investments files for an actively managed ETF, investing 80% in global equities, with a focus on undervalued stocks and risk management.

First Eagle Files for Foreign Equity-Focused Actively Managed ETF

First Eagle files for a foreign equity ETF, investing 80% in non-U.S. stocks, employing a value-driven strategy to avoid capital impairment.

John Hancock Files for Actively Managed IG Bond ETF

John Hancock’s new ETF focuses on investment-grade bonds, including corporate, mortgage-backed, and U.S. government securities, avoiding high-yield and emerging market bonds.

John Hancock Files for Actively Managed Diversified Bond ETF

John Hancock’s diversified bond ETF will invest 80% in bonds, with up to 25% in junk bonds and a focus on mortgage-backed securities, integrating ESG factors.

Goldman Sachs Files for Actively Managed India-Focused Equity ETF

Goldman Sachs files for an ETF focusing 80% on Indian equities, including ADRs and GDRs, with exposure to IPOs and non-Indian assets, integrating ESG factors.

Neuberger Berman Files for Actively Managed Large-Cap Growth ETF

Neuberger Berman’s new ETF targets large-cap growth stocks using a research-driven approach, integrating ESG and allowing foreign stock investments and options trading.

Bahl & Gaynor Files for Small-Cap Dividend ETF

Bahl & Gaynor’s new ETF invests 80% in U.S. small-cap dividend-paying companies, focusing on dividend growth and reasonable valuations within the Russell 2000® Index range.

Bahl & Gaynor Files for Dividend-Focused U.S. Equity ETF

Bahl & Gaynor files for an ETF investing in dividend-paying U.S. equities, focusing on strong fundamentals, with potential concentration in IT, industrials, and healthcare.

Parnassus Investments Files for Concentrated Equity ETF Focused on Sustainability

Parnassus’ new ETF targets large-cap U.S. value and growth stocks, integrating sustainability practices and downside protection, with potential small- and mid-cap exposure.

Parnassus Files for Value-Focused Equity ETF with Sustainability Criteria

Parnassus files for a value-focused ETF investing in undervalued large-cap stocks, emphasizing sustainable practices and potential small- and mid-cap exposure.

LSV Asset Management Files for Actively Managed Value ETF

LSV’s new ETF invests in undervalued equities of companies with market caps over $1 billion, using a quantitative model to manage sector risks and enhance appreciation potential.

Elm Partners Files for Actively Managed Fund of Funds ETF

Elm Partners’ new ETF employs a Dynamic Index Investing® strategy to allocate across equities, bonds, REITs, and high-yield debt, rebalancing based on risk metrics.

Teucrium Files for Suite of No K-1 and Leveraged Agricultural Commodity ETFs

Teucrium launches a suite of ETFs providing both standard and 2x leveraged exposure to key agricultural commodities such as corn, wheat, sugar, and soybeans.

Day Hagan AM Files for Options-Based ETF with Downside Protection

Day Hagan’s new ETF uses covered calls and put options for downside protection, investing in U.S.-listed equity ETFs, ADRs, and REITs.

KraneShares Files for Suite of 2x Leveraged China Tech ETFs

KraneShares plans to launch 2x leveraged ETFs for major Chinese tech stocks like BABA, PDD, JD, BIDU, and TSM.

NextGen EMP Files for AI-Driven Long/Short ETF with Adaptive Algorithm

NextGen EMP’s new AI-driven active ETF will use an adaptive algorithm for long/short positions in ETFs, with monthly reallocations and a net long exposure.

NextGen EMP Files for AI-Powered ETF Focusing on Momentum and Hedging

NextGen EMP files for an AI-powered ETF targeting 12-24 ETFs or securities, focusing on price momentum and using inverse ETFs for hedging.

Stone Ridge AM Files for Treasury Debt & Money Market ETF

Stone Ridge’s new ETF invests in U.S. Treasury debt and money market funds, offering predictable monthly distributions recalibrated annually.

BlackRock Files for CLO-Focused ETF with 80% in Lower-Rated Securities

BlackRock files for a CLO-focused ETF, investing at least 80% in BBB+ to B- rated CLOs, with exposure to floating-rate CLOs and up to 25% in foreign-denominated securities.

Neuberger Berman Files for Actively Managed Diversified Debt ETF

Neuberger Berman’s new ETF invests 80% in debt securities, integrating ESG factors and using derivatives for hedging and investment purposes, with up to 30% in junk bonds.

SEC Approves Options Trading on BlackRock’s iShares Bitcoin Trust

The SEC has approved Nasdaq ISE to list options on BlackRock’s iShares Bitcoin Trust (IBIT), expanding Bitcoin-linked derivative products.

SEC Delays Decision on Ethereum ETF Options to Mid-November

The SEC extended its decision on Ethereum ETF options trading to mid-November, following the recent approval of Bitcoin ETF options.

Impax Seeks SEC Approval to Offer ETF Share Classes of Mutual Funds

Impax Asset Management seeks SEC approval to offer ETF share classes of mutual funds, following the model of firms like Vanguard.

BNY Mellon Approved by SEC for Expanded Crypto Custody

BNY Mellon receives SEC approval for its custody structure, allowing digital asset services beyond Bitcoin and Ether ETFs, with potential future expansion.

US ETF Industry Reaches $10 Trillion Milestone

U.S. ETF assets surpass $10 trillion, driven by factors such as low costs, liquidity, and tax efficiency, with increasing interest in active equity, crypto, and CLO strategies.

U.S. Bank Appoints Lisa Korbas as Head of ETF Relationship Management

U.S. Bank Global Fund Services appoints Lisa Korbas as head of ETF relationship management, focusing on client strategy and satisfaction, with 15 years of experience.