Exchange-traded funds

Vanguard Expands ESG Suite With Launch Of First Fixed Income ESG ETF For U.S. Investors

Thursday, July 9, 2020 - 2:15pm

The low-cost, broadly diversified ETF will be Vanguard's first ESG-focused fixed income product for U.S. investors and complements Vanguard's existing equity ESG ETFs and mutual funds.

Key Points: 
  • The low-cost, broadly diversified ETF will be Vanguard's first ESG-focused fixed income product for U.S. investors and complements Vanguard's existing equity ESG ETFs and mutual funds.
  • U.S. investors hold more than $321 billion in assets in ESG mutual funds and ETFs and industry-wide assets for the fixed income indexed market doubled in 2019 to approximately $1.3 billion.1,2 Vanguard ESG U.S. Corporate Bond ETF will complement Vanguard's existing $10.6 billion U.S. equity ESG product suite and offer a diverse fixed income option for investors.
  • September 2018 Two U.S.-domiciled ESG ETFs are launched, Vanguard ESG U.S. Stock ETF (ESGV) and Vanguard ESG International Stock ETF (VSGX) with $1.6 billion and $995.5 million in assets respectively.
  • Neither Bloomberg, Barclays nor MSCI is affiliated with Vanguard as Issuer of the Vanguard ESG U.S. Corporate Bond ETF, and neither Bloomberg, Barclays nor MSCI approves, endorses, reviews or recommends Vanguard ESG U.S. Corporate Bond ETF.

Goldman Sachs Asset Management Launches Investment Grade Corporate 1-5 Year Bond Exchange-Traded Fund

Thursday, July 9, 2020 - 1:35pm

About Goldman Sachs Asset Management, L.P. (GSAM)

Key Points: 
  • About Goldman Sachs Asset Management, L.P. (GSAM)
    GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which supervises more than $1.6 trillion in assets as of March 31, 2020.7 Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world.
  • 1 Except in the case of the Goldman Sachs Access Ultra Short Bond ETF, the team utilizes a representative sampling strategy to manage each Fund.
  • The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF expense ratio is 14 basis points (bps).
  • The average net expense ratio for Short-Term Bond ETFs in the Morningstar US Fund Short-Term Bond category is 27 bps.

Overlay Shares Core Bond ETF Crosses $100 Million in Assets

Thursday, July 9, 2020 - 12:07pm

ATLANTA, July 9, 2020 /PRNewswire/ --Liquid Strategies, the parent of Overlay Shares exchange-traded funds (ETFs), announced today the Overlay Shares Core Bond ETF (OVB) has crossed $100 million in assets under management since it began trading on the NYSE Arca in October.

Key Points: 
  • ATLANTA, July 9, 2020 /PRNewswire/ --Liquid Strategies, the parent of Overlay Shares exchange-traded funds (ETFs), announced today the Overlay Shares Core Bond ETF (OVB) has crossed $100 million in assets under management since it began trading on the NYSE Arca in October.
  • OVB aims to generate income by attaching an income overlay to a passively managed index ETF in order to boost yield.
  • The Overlay Shares ETF suite features five sought-after and highly liquid index ETFs with each ETF employing a disciplined risk-managed overlay strategy focused on generating tax-efficient income on top of underlying core ETF assets.
  • Overlay Shares Large Cap Equity ETF (ticker: OVL)
    Overlay Shares Small Cap Equity ETF (ticker: OVS)
    Overlay Shares Foreign Equity ETF (ticker: OVF)
    Overlay Shares Core Bond ETF (ticker: OVB)
    Overlay Shares Municipal Bond ETF (ticker: OVM)
    "We believe the income solutions that we've built into our Overlay Shares ETF suite not only provide access to better income, but does so in a diversifying way that can complement existing portfolio holdings on a total return and risk profile basis as well," said Justin Boller, Portfolio Manager for Liquid Strategies and Overlay Shares.

Invesco advances plans for offering active non-transparent ETFs

Wednesday, July 8, 2020 - 2:00pm

ATLANTA, July 8, 2020 /PRNewswire/ --Invesco Ltd. (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today that is has expanded its plans to move forward with active non-transparent ETFs by filing for an exemptive order to license Fidelity's active equity ETF methodology.

Key Points: 
  • ATLANTA, July 8, 2020 /PRNewswire/ --Invesco Ltd. (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today that is has expanded its plans to move forward with active non-transparent ETFs by filing for an exemptive order to license Fidelity's active equity ETF methodology.
  • "Invesco has a history of breaking new ground in the ETF industry, launching the first active transparent ETF in 2008," says Anna Paglia, Global Head of ETFs and Indexed Strategies at Invesco.
  • "The use of Fidelity's active equity model for active non-transparent ETFs is perfectly aligned with the pioneering spirit that has driven our focus on innovation."
  • Utilizing the Fidelity active non-transparent equity model and the proposed Invesco model will allow Invesco to deliver the benefits of active management in a tax efficient1 and cost-effective2 ETF wrapper, thus unlocking new opportunities for our clients.

Guggenheim Energy & Income Fund Announces Final Results of Tender Offer

Wednesday, July 8, 2020 - 9:15pm

NEW YORK, July 08, 2020 (GLOBE NEWSWIRE) -- Guggenheim Energy & Income Fund (XGEIX or the Fund) announced today the final results for its tender offer for up to 1,462 common shares (Shares) of the Fund (approximately 2.5% of the outstanding Shares) at a price equal to the Funds net asset value per Share on the day on which the tender offer expires (the Tender Offer).

Key Points: 
  • NEW YORK, July 08, 2020 (GLOBE NEWSWIRE) -- Guggenheim Energy & Income Fund (XGEIX or the Fund) announced today the final results for its tender offer for up to 1,462 common shares (Shares) of the Fund (approximately 2.5% of the outstanding Shares) at a price equal to the Funds net asset value per Share on the day on which the tender offer expires (the Tender Offer).
  • Questions regarding the tender offer may be directed to Georgeson LLC, the information agent for the tender offer, at (888) 565-5190.
  • Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (GFIA), Guggenheim Partners Investment Management (GPIM), and Guggenheim Funds Distributors, LLC (GFD).
  • Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.

Global X ETFs Thematic Investing: Emerging Opportunities for Alpha-Seeking Investors Amid Stay at Home Economy

Wednesday, July 8, 2020 - 9:17am

Jon Maier, Chief Investment Officer at Global X ETFs, said: Chinas importance on a global scale is growing.

Key Points: 
  • Jon Maier, Chief Investment Officer at Global X ETFs, said: Chinas importance on a global scale is growing.
  • These disruptions, triggered by COVID-19, have reshaped our behaviors and driven the emergence of a new stay-at-home economy that will offer opportunities for growth-oriented investors.
  • Jay Jacobs, Head of Research & Strategy at Global X ETFs, said: The 2010s were all about mobile connectivity.
  • Global X Management Company LLC is a member of Mirae Asset Global Investments Group, a Seoul-based global enterprise which offers asset management expertise worldwide.

T. Rowe Price Receives Approval For Active Exchange-Traded Funds

Monday, July 6, 2020 - 2:00pm

Over time, T. Rowe Price plans to deliver a robust ETF product lineup covering investments in various asset classes.

Key Points: 
  • Over time, T. Rowe Price plans to deliver a robust ETF product lineup covering investments in various asset classes.
  • Through strategic alliances, T. Rowe Price plans to offer its active ETF model to other asset managers interested in bringing their own active ETFs to market.
  • As the ETF industry evolves to include active ETFs, T. Rowe Price is on the path to deliver flagship investment strategies in this new way.
  • Whether seeking to fill portfolio gaps, reduce costs, or deliver a long-standing active investment approach, the new T. Rowe Price active ETFs will extend our capacity to meet client needs.

Federated Hermes, Inc. Hires Executive to Launch New Global Actively Managed Exchange-traded Fund Business

Wednesday, July 1, 2020 - 9:34pm

Clark will serve as director, ETF business, and senior vice president, where he will develop and implement the company's global ETF business strategy and capabilities.

Key Points: 
  • Clark will serve as director, ETF business, and senior vice president, where he will develop and implement the company's global ETF business strategy and capabilities.
  • Clark will report to Tim Trebilcock, global head of trading and investment management operations at Federated Hermes.
  • "It is our goal over time to develop a thoughtful set of actively managed ETFs leveraging Federated Hermes' extensive domestic and global investment capabilities for investors around the world."
  • Federated Hermes, Inc.is a leading global investment manager with $605.8 billion in assets under management as of March 31, 2020.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Wednesday, July 1, 2020 - 9:36pm

There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes.

Key Points: 
  • There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes.
  • As with any stock, the price of a Funds common shares will fluctuate with market conditions and other factors.
  • PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world.
  • 2020, PIMCO
    For information on PIMCO Closed-End Funds:

Guggenheim Investments Announces July 2020 Closed-End Fund Distributions

Wednesday, July 1, 2020 - 9:15pm

Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital.

Key Points: 
  • Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital.
  • Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (Guggenheim), with $205 billion* in assets under management across fixed income, equity, and alternative strategies.
  • Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (GFIA), Guggenheim Partners Investment Management (GPIM), and Guggenheim Funds Distributors, LLC (GFD).
  • Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.