Global ETF launches 27.05-03.06.21
For something a little different this week, Defiance ETFs launched the first US-listed psychedelic-themed ETF, the $PSY, giving investors exposure to companies involved in the development of the next generation of medicine, including psychedelics and cannabis. Crypto launches remained popular as always, with Osprey Funds bringing to market an ETF offering exposure to ALGO, the native token of the Algorand network, a proof-of-stake blockchain. ETC Group also listed the first UK bitcoin ETP on Aquis Exchange, marking the first time a cryptocurrency ETP has been available for trading on any UK market. One for the Star Wars fans, Europe’s first space ETF was listed by HANetf, the Procure Space UCITS ETF (YODA), on the LSE, designed to capture growth in the space industry. Elsewhere, Invesco turned its focus to tech, launching two new thematic technology ETFs in partnership with Nasdaq in Canada, allowing clients distinctive entry points to disruptive companies listed on Nasdaq. Finally, Horizons ETF turned its focus to ESG investing, launching Canada’s first ETF focused exclusively on providing exposure to a portfolio of global green bonds.