SPDR

KBW Announces Index Rebalancing for First-Quarter 2021

Retrieved on: 
Saturday, March 13, 2021
Exchange-traded funds, Finance, Financial markets, NASDAQ, Money, Invesco PowerShares, SPDR

Several of the KBW Nasdaq indices have tradable exchangetraded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM, ETF Ticker: KBWRSM); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).

Key Points: 
  • Several of the KBW Nasdaq indices have tradable exchangetraded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM, ETF Ticker: KBWRSM); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).
  • Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors.
  • An investor cannot invest directly in an index.
  • Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors.

Mairs & Power Launches Minnesota Municipal Bond ETF

Retrieved on: 
Friday, March 12, 2021
Finance, Financial markets, Money, Exchange-traded funds, Local government in the United States, Municipal bond, Bond market, Bond, SPDR

The Minnesota Municipal Bond ETF (ticker MINN) is the only ETF invested primarily in Minnesota Municipal Bonds in the country.

Key Points: 
  • The Minnesota Municipal Bond ETF (ticker MINN) is the only ETF invested primarily in Minnesota Municipal Bonds in the country.
  • In particular, Minnesota municipal bond issues have historically demonstrated high credit quality1.
  • Mairs & Power has focused its investing in Minnesota and the upper Midwest since its founding in 1931.
  • The fund is also subject to risks associated with investments in the municipal bond market, municipal mortgage back securities, and other investment companies.

State Street Announces Expansion of its Fund Connect ETF Digital Platform

Retrieved on: 
Wednesday, March 10, 2021
Professional services, Data management, Technology, Other Technology, Finance, Consulting, Banking, Exchange-traded funds, Finance, ETF, SPDR, BetaShares

State Street Corporation (NYSE:STT) today announced that Fund Connect ETF will now be open to support all exchange traded fund (ETF) issuers regardless of their service provider.

Key Points: 
  • State Street Corporation (NYSE:STT) today announced that Fund Connect ETF will now be open to support all exchange traded fund (ETF) issuers regardless of their service provider.
  • This expansion marks a pivotal moment for State Street to build on its proven track record of supporting the growing ETF market.
  • Fund Connect ETF is now supported in all ETF trading jurisdictions across the globe including the US, EMEA, Canada and APAC.
  • State Street is pleased to open Fund Connects powerful ETF and digital platform to all market participants, regardless of their choice of service provider, said Nadine Chakar, head of State Streets Global Markets business.

ASYMmetric ETFs™ Introduces the ASYMshares™ ASYMmetric 500 ETF (NYSE: ASPY), a Disruptive Portfolio Risk Management Tool

Retrieved on: 
Wednesday, March 10, 2021
Professional services, Data management, Technology, Finance, Consulting, Banking, Exchange-traded funds, Finance, SPDR

ASYMmetric integrates its proprietary technology into the SPDR S&P 500 ETF Trust (SPY) with the goal of transforming it into a low-volatility, uncorrelated, asymmetric investment option.

Key Points: 
  • ASYMmetric integrates its proprietary technology into the SPDR S&P 500 ETF Trust (SPY) with the goal of transforming it into a low-volatility, uncorrelated, asymmetric investment option.
  • ASYMmetric Risk Management Technology uses propriety, price-based algorithms to dynamically manage net exposure in three market risk environments: Risk-Off, Risk-Elevated and Risk-On.
  • Prior to founding ASYMmetric ETFs, Schuringa launched and grew two successful ETF businesses: Exchange Traded Concepts (ETC) and Yorkville ETF Advisors.
  • Through its proprietary ASYMmetric Risk Management Technology, ASYMmetric ETFs captured an institutionally vetted quantitative long/short hedging strategy that seek to deliver positive returns in bear and bull markets in ETFs.

BlockFi Names Greg Collett Head of Investment Products

Retrieved on: 
Thursday, March 4, 2021
Finance, Money, Exchange-traded funds, UBS, SPDR, World Gold Council

JERSEY CITY, N.J., March 4, 2021 /PRNewswire/ -- BlockFi , a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced that Greg Collett has been named Head of Investment Products.

Key Points: 
  • JERSEY CITY, N.J., March 4, 2021 /PRNewswire/ -- BlockFi , a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced that Greg Collett has been named Head of Investment Products.
  • Collett will be responsible for growing and expanding BlockFi's suite of investment products.
  • Collett has deep experience in developing new products to meet the unique needs of investors.
  • Prior to joining BlockFi, he served as Director of Investment Products at the World Gold Council, the Sponsor of the SPDR Gold Trust, where he launched new products and grew the organization's asset management subsidiary.

Fidelity® Expands Active ETF Lineup with Launch of Two Active Bond ETFs

Retrieved on: 
Thursday, March 4, 2021
Banking, Professional services, Finance, Exchange-traded funds, Finance, Financial markets, Money, BetaShares, SPDR

Fidelity Investments today announced the launch of two new active bond exchange-traded funds (ETFs) -- Fidelity Investment Grade Bond ETF ( FIGB ) and Fidelity Investment Grade Securitized ETF ( FSEC ).

Key Points: 
  • Fidelity Investments today announced the launch of two new active bond exchange-traded funds (ETFs) -- Fidelity Investment Grade Bond ETF ( FIGB ) and Fidelity Investment Grade Securitized ETF ( FSEC ).
  • The launch of Fidelity Investment Grade Bond ETF and Fidelity Investment Grade Securitized ETF adds to our robust lineup of bond ETFs across duration and credit spectrums, utilizing Fidelitys extensive active management capabilities.
  • In addition to todays launch of FIGB and FSEC , Fidelitys suite of active bond ETFs includes Fidelity Total Bond ETF ( FBND ), Fidelity Limited Term Bond ETF ( FLTB ), and Fidelity Corporate Bond ETF ( FCOR ).
  • Fidelity also offers two factor bond ETFs, Fidelity High Yield Factor ETF ( FDHY ) and Fidelity Low Duration Bond Factor ETF ( FLDR ).

Practus LLP Announces That the First Mutual Fund to ETF Conversion on Behalf of SmartETFs is Underway

Retrieved on: 
Tuesday, March 2, 2021
Data management, Banking, Technology, Professional services, Other Technology, Software, Other Professional Services, Legal, Internet, Mobile, Wireless, Finance, Finance, Money, Exchange-traded funds, Investment, Investment strategy, Mutual fund, SPDR

The first two actively managed ETFs to convert from mutual funds are the SmartETFs Dividend Builder ETF (ADIV) and the SmartETFs Asia Pacific Dividend Builder ETF (DIVS).

Key Points: 
  • The first two actively managed ETFs to convert from mutual funds are the SmartETFs Dividend Builder ETF (ADIV) and the SmartETFs Asia Pacific Dividend Builder ETF (DIVS).
  • Each ETF will continue the active investment strategies under the same portfolio management and with the same performance history as their respective predecessor mutual funds, Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX).
  • As of March 26, 2021, shares of each mutual fund will be exchanged into shares of its corresponding ETF.
  • She was assisted by Practus partner Robert Elwood who focused on the tax implications for current and future investors of the funds.

State Street Named Fund Administrator and Transfer Agent for VanEck’s Bitcoin Trust ETF

Retrieved on: 
Tuesday, March 2, 2021
Professional services, Technology, Other Technology, Finance, Consulting, Banking, Exchange-traded funds, Finance, VanEck, ETF, Indxx, SPDR

Pending approval by the SEC, State Street will continue to work closely with VanEck on all aspects of the launch and provide services including ETF basket operations, custody of the ETF shares, fund accounting, order-taking and transfer agency.

Key Points: 
  • Pending approval by the SEC, State Street will continue to work closely with VanEck on all aspects of the launch and provide services including ETF basket operations, custody of the ETF shares, fund accounting, order-taking and transfer agency.
  • We are pleased to continue expanding our relationship with VanEck to support their innovative advancements in the ETF market; including the VanEck Bitcoin Trust, said Nadine Chakar, head of State Street Global Markets.
  • In 2018, State Street partnered with Lukka, a crypto reference data provider, valuation and reconciliation tool, to co-develop comprehensive digital asset fund administration services.
  • Today, State Street remains the largest global ETF servicer, servicing close to 70% of US ETF assets, and is the only provider serving all major ETF regions.

MIAX Wins Most Innovative Exchange Technology at Fund Intelligence Operations and Services Awards 2021

Retrieved on: 
Thursday, February 25, 2021
Exchange-traded funds, Finance, Mathematical finance, Technical analysis, Money, Financial markets, SPDR S&P 500 Trust ETF, SPDR, Option, VIX, Volatility

MIAX's parent holding company, Miami International Holdings (MIH), operates and manages Miami International Securities Exchange, LLC (MIAX), MIAX Pearl, LLC (MIAX Pearl) and MIAX Emerald, LLC (MIAX Emerald and together with MIAX and MIAX Pearl, the MIAX Exchange Group), the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.

Key Points: 
  • MIAX's parent holding company, Miami International Holdings (MIH), operates and manages Miami International Securities Exchange, LLC (MIAX), MIAX Pearl, LLC (MIAX Pearl) and MIAX Emerald, LLC (MIAX Emerald and together with MIAX and MIAX Pearl, the MIAX Exchange Group), the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.
  • The MIAX, MIAX Pearl and MIAX Emerald options exchanges leverage MIAX's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX Pearl) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).
  • MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR S&P 500 ETF (SPY).
  • Under MIAX Pearl's exchange license, MIAX Pearl Equities provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput.

MIAX Wins Most Innovative Exchange Technology at Fund Intelligence Operations and Services Awards 2021

Retrieved on: 
Thursday, February 25, 2021
Exchange-traded funds, Finance, Mathematical finance, Technical analysis, Money, Financial markets, SPDR S&P 500 Trust ETF, SPDR, Option, VIX, Volatility

MIAX's parent holding company, Miami International Holdings (MIH), operates and manages Miami International Securities Exchange, LLC (MIAX), MIAX Pearl, LLC (MIAX Pearl) and MIAX Emerald, LLC (MIAX Emerald and together with MIAX and MIAX Pearl, the MIAX Exchange Group), the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.

Key Points: 
  • MIAX's parent holding company, Miami International Holdings (MIH), operates and manages Miami International Securities Exchange, LLC (MIAX), MIAX Pearl, LLC (MIAX Pearl) and MIAX Emerald, LLC (MIAX Emerald and together with MIAX and MIAX Pearl, the MIAX Exchange Group), the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.
  • The MIAX, MIAX Pearl and MIAX Emerald options exchanges leverage MIAX's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX Pearl) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).
  • MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR S&P 500 ETF (SPY).
  • Under MIAX Pearl's exchange license, MIAX Pearl Equities provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput.