Weekly ETF Industry News Recap | September 15 - September 19, 2025

Lazard has launched the Lazard US Systematic Small Cap Equity ETF (SYZ) via mutual fund conversion. SYZ targets overlooked U.S. small caps using automated fundamental analysis, aiming for long-term outperformance with tax efficiency and lower fees. It joins Lazard’s growing lineup of active equity ETFs.

Grayscale Launches First U.S. Multi-Asset Crypto ETP on NYSE Arca

Grayscale has listed the Grayscale CoinDesk Crypto 5 ETF (GDLC) on NYSE Arca, the first U.S. multi-asset crypto ETP. GDLC offers exposure to Bitcoin, Ether, XRP, Solana, and Cardano—covering over 90% of crypto market cap. The fund tracks the CoinDesk 5 Index and rebalances quarterly to reflect market leadership.

AllianceBernstein Launches Active International Growth ETF 'IGGY'

AllianceBernstein has launched IGGY, an actively managed ETF targeting long-term capital growth through international equities. Managed by a veteran team, IGGY focuses on quality non-U.S. companies and expands AB’s active ETF lineup. The fund is now trading on the NYSE with Jane Street as lead market maker.

Invesco Launches Target-Maturity 2035 Municipal Bond ETF
Invesco has rolled out the BulletShares 2035 Municipal Bond ETF (BSMZ), offering exposure to U.S. municipal bonds maturing in 2035. The fund tracks the Invesco BulletShares USD Municipal Bond 2035 Index, uses a sampling strategy, rebalances monthly, and is set to terminate around December 15, 2035.

Man Group Launches First Standalone ETFs

Man Group has launched its first standalone ETFs on the NYSE, marking its entry into the ETF market. The Man Active High Yield ETF (MHY) and Man Active Income ETF (MANI) are actively managed credit strategies targeting income and capital growth. MHY, led by Mike Scott, Head of Global High Yield and Credit Opportunities, will invest at least 80% in high yield securities, with up to 30% in deeply speculative-grade debt. The ETFs offer U.S. investors access to Man Group’s $42.7bn global credit platform.