ETF Industry News Weekly Recap | September 9-13, 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 37, September 9-13, 2024.

Europe ETF News

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

HANetf Launches Harbor Health Care UCITS ETF Focused on US Healthcare
HANetf, in partnership with Harbor Capital, has launched the Harbor Health Care UCITS ETF (WELL). This fund focuses on U.S. healthcare themes such as gene therapy and oncology, aiming for value-based healthcare investments.

Leverage Shares Launches Europe’s First Zero-Days-to-Expiry Options ETPs
Leverage Shares introduces SPYY and QQQY, Europe’s first ETPs based on zero-days-to-expiry options for the S&P 500 and Nasdaq 100. These ETPs offer income generation with a total expense ratio (TER) of 0.45%.

Invesco Launches Europe’s First MSCI World Equal Weight ETF
Invesco introduces MWEQ, the first Europe-listed ETF offering equal-weight exposure to the MSCI World Index. It carries a TER of 0.20%, reducing concentration risk across 1,400 equities.

Global X Launches AI and Defence Tech ETFs in Europe
Global X introduces AIQU and ARMR ETFs, giving European investors access to AI growth and defense technology sectors. AIQU focuses on artificial intelligence growth, while ARMR targets defense technologies.

BETA ETF Launches Nasdaq-100 3x Leverage and 2x Short ETFs on Warsaw Exchange
BETA ETF introduces two new ETFs on the Warsaw Stock Exchange: Nasdaq-100 3x Leverage and 2x Short, offering Polish investors leveraged and inverse exposure to the Nasdaq-100 index.

Bloomberg Launches US Consumer Spend Index Using Alternative Data
Bloomberg has introduced the BSM US Consumer Spend Index, powered by transaction data analytics. This index offers near-real-time insights into U.S. consumer spending and is accessible via the Bloomberg Terminal.

Robeco to Launch Five Actively Managed ETFs in European Market Push
Robeco plans to debut five actively managed equity ETFs, leveraging its expertise in quantitative and sustainable investing. These ETFs have received approval from Ireland's Central Bank.

ESMA Warns on Zero-Days-to-Expiry Options ETPs Amid Volatility Concerns
The European Securities and Markets Authority (ESMA) highlights risks associated with zero-days-to-expiry options ETPs, warning of potential market instability due to the high leverage and one-directional trading as these products gain popularity in Europe.

UK SDR Naming Rules Impact Almost Half of ESG ETFs
Almost 48% of UK funds affected by the Sustainable Disclosure Requirements (SDR) naming rules are ETFs. Many firms must rebrand by early October to comply with new FCA standards set for December 2.

US Industry ETF News

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

Dimensional Fund Advisors Launches Two New Vector Equity ETFs
Dimensional introduces DXUV, focusing on U.S. equities, and DXIV, targeting international developed markets. Both ETFs emphasize small-cap exposure and profitability, with expense ratios of 0.28% and 0.34%.

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.

Polen Capital Launches Emerging Markets ex-China Growth ETF
Polen Capital introduces PCEM, an actively managed ETF focusing on emerging market companies with sustainable competitive advantages, excluding China.

Congress AM Launches Intermediate Bond ETF
Congress Asset Management introduces CAFX, an actively managed ETF focusing on investment-grade fixed-income securities, aiming for total return while preserving principal and liquidity.

Simplify Launches National Muni Bond ETF with Options Strategy
Simplify introduces NMB, an actively managed municipal bond ETF focused on investment-grade U.S. municipal bonds with tax-free yields, complemented by a multi-asset options writing strategy to enhance returns.

Sparkline Capital Launches International Intangible Value ETF
Sparkline introduces DTAN, an actively managed ETF investing in non-U.S. developed stocks undervalued based on both tangible and intangible assets, including intellectual property and brand equity.

ProShares Launches Russell 2000 High Income ETF Tracking Covered Call Index
ProShares introduces ITWO, an ETF tracking the Cboe Russell 2000 Daily Covered Call Index, gaining exposure via swap agreements without trading options.

Research Affiliates Launches Deletions ETF Targeting Removed Stocks
Research Affiliates introduces NIXT, an ETF tracking companies removed from US market cap-weighted indices, using a contrarian small-value strategy focused on long-term mean reversion.

Columbia Threadneedle Launches Two High Yield Fixed Income ETFs
Columbia Threadneedle introduces NJNK, focusing on U.S. high yield bonds, and HYSD, targeting short-duration high yield bonds, offering tax efficiency and low cost.

Solactive and Themes ETFs Launch U.S. Infrastructure Index Tracking ETF
Themes ETFs launches US Infrastructure ETF (HWAY), offering exposure to 100 key U.S. infrastructure companies across sectors like transportation, energy, and telecommunications.

Calamos Launches Laddered S&P 500 Structured Alt Protection ETF
Calamos introduces CPSL, offering 100% downside protection with a laddered strategy across the firm’s S&P 500 ETFs suite, rebalancing semi-annually for continuous exposure.

Palmer Square Launches Two Credit-Focused ETFs: PSQO and PSQA
Palmer Square introduces PSQO, an actively managed multi-asset credit ETF, and PSQA, a CLO-focused fund offering passive exposure to AAA and AA tranches of the U.S. CLO market.

State Street Unveils Three Crypto ETFs Sub-Advised by Galaxy
State Street launches three crypto ETFs—DECO, HECO, and TEKX—focused on blockchain and digital asset firms, sub-advised by Galaxy Asset Management. The funds blend crypto exposure with traditional finance and offer volatility management.

SPDR Launches SSGA US Equity Premium Income ETF with Call Writing Strategy
SPDR introduces SPIN, an actively managed ETF combining high-quality U.S. large- and mid-cap stocks with a dynamic call writing program to enhance income while targeting long-term growth.

SPDR Launches S&P Emerging Markets ex-China ETF
SPDR introduces XCNY, an ETF tracking emerging market companies while excluding China, allowing investors to manage China risk separately while targeting growth from other emerging economies.

SPDR Launches Bloomberg Enhanced Roll Yield Commodity Strategy ETF
SPDR introduces CERY, an ETF providing broad commodity market exposure, focusing on enhanced roll yields to reduce costs, while offering diversification and inflation-hedging benefits.

Global X Launches Treasury Ladder ETFs for Yield Curve Exposure
Global X introduces SLDR, MLDR, and LLDR ETFs, offering targeted exposure to short, intermediate, and long-term Treasury yields, addressing duration and reinvestment risks.

Defiance ETFs Seeks SEC Approval to Boost MSTX Leverage to 2x
Defiance files to increase leverage on its MSTX ETF from 1.75x to 2x after surpassing $100M in AUM, reflecting strong demand for MicroStrategy exposure.

SSGA Files for IG Public & Private Credit ETF with Apollo Partnership
SSGA files for an ETF investing 80% in U.S. investment-grade debt, combining public and private credit sourced by Apollo Global Securities. The remaining 20% may be allocated to high-yield bonds.

Alger Files for Russell Innovation ETF Targeting High R&D U.S. Companies
Alger files for a new ETF tracking the Alger Russell Innovation Index, investing 80% in U.S. equities with strong free cash flow and high R&D spending, rebalancing quarterly.

Virtus Files for Actively Managed Private Credit CLO ETF
Virtus files for an ETF that invests 80% in private credit CLOs, focusing on AAA-rated tranches, with up to 20% in senior loans and high-yield bonds.

Advisors Asset Management Files for New Actively Managed Fixed Income ETF
Advisors Asset Management new ETF, managed by SLC, invests in U.S. dollar-denominated fixed income securities, focusing on investment-grade debt with up to 15% allocated to high-yield bonds.

Tema Files for Endowment ETF Targeting Multi-Asset Class Absolute Returns
Tema's actively managed ETF will invest in equities, fixed income, commodities, and derivatives, aiming for absolute returns with a focus on macroeconomic themes, using leverage and concentrated positions.

Tema Files for Electrification ETF Focused on Global Electrification Companies
Tema files for an ETF that invests 80% in companies generating 50%+ revenue from electrification sectors like raw materials and power storage, primarily in the U.S., Canada, and Europe.

NEOS Files for Treasury Bond ETF with S&P 500 Put Option Strategy
NEOS' new ETF invests 80% in 20+ year U.S. Treasury bonds, while employing an SPX put option strategy to generate income, aiming for tax efficiency and portfolio duration of 20-30 years.

Harmonic Capital Files for Dynamic Flexible Allocation ETF
Harmonic Capital files for an ETF that invests in global equities, fixed income, and commodities, using an unconstrained strategy. It adapts allocations based on market conditions, employing long/short positions.

Harbor Capital Files for Emerging Markets ETF Focused on Resource Efficiency
Harbor Capital files for an ETF targeting resource-efficient companies in emerging markets, emphasizing reduced carbon emissions, water use, and waste, while maintaining sector and country balance.

Harbor Capital Files for International ETF Focused on Resource Efficiency
Harbor Capital files for an ETF targeting non-U.S. companies excelling in resource efficiency, with a focus on reducing carbon emissions, water use, and waste.

BondBloxx Files for Private Credit CLO ETF Targeting IG CLOs
BondBloxx files for an ETF investing 80% in private credit CLOs, with up to 35% in below-investment-grade securities. The fund employs active trading to manage risks and opportunities.

YieldMax Files for Dorsey Wright Hybrid 5 Income ETF with Covered Call Strategy
YieldMax files for a new ETF tracking the Nasdaq Dorsey Wright Relative Strength Matrix, blending direct securities with YieldMax ETFs using synthetic covered call strategies.

YieldMax Files for Dorsey Wright Featured 5 Income ETF with Covered Calls
YieldMax's new ETF holds five YieldMax ETFs, using covered call strategies to generate monthly income from options and U.S. Treasuries, rebalancing based on momentum.

JLens Files for Jewish Advocacy U.S. ETF Focused on Jewish Values
The ETF tracks the JLens 500 Index, aligning large-cap U.S. equities with Jewish values like combating antisemitism and promoting social responsibility, rebalanced quarterly.

Grayscale Launches First XRP Trust, Paving Way for Potential ETF
Grayscale introduces a closed-end XRP trust, offering accredited investors exposure to XRP. The trust could evolve into an ETF, pending future SEC approvals.

Morgan Stanley to Convert Two Pathway Equity Funds into ETFs
Morgan Stanley plans to convert its $2.6B Large Cap and $470M Small-Mid Cap Pathway equity funds into ETFs, citing asset growth potential, trading flexibility, and tax efficiency.

Nuveen Seeks SEC Approval for ETF and Mutual Fund Share Class Flexibility
Nuveen has filed for SEC approval to offer ETF and mutual fund share classes interchangeably, following the expiration of Vanguard’s ETF share class patent.

Natixis Seeks SEC Approval for Multiclass ETF and Mutual Fund Structure
Natixis aims to offer both ETF and mutual fund share classes for its actively managed strategies, joining other asset managers seeking SEC exemptive relief for multiclass structures.