Cryptocurrency funds were the main theme of the week, with a new bitcoin fund, the CI Galaxy Bitcoin ETF, now trading on the TSX. ETC group meanwhile, listed an ether ETP, and 21Shares launched ETPs tracking both ether and bitcoin. Other newcomers include the first US-listed hydrogen ETF from Defiance ETFs, plus Europe’s first carbon avoidance solutions and 5G digital infrastructure ETFs from HanETF on the Swiss Stock Exchange. Elsewhere, two fund sponsors turned their attention to Asia, with new funds from Xtrackers and Invesco offering access to emerging Asian markets and Chinese companies, respectively.
Launches & Fundraising
The big news in terms of launches this week is the debut of Northern Trust's FlexShares ETFs in Europe with the launch of two climate focused funds. Staying with the green theme, UBS GAM's latest offering is a low CO2 emissions ETF, while Invesco launched a Global Clean Energy fund as well as the first China All Shares ETF. Elsewhere, Invesco added an international equities fund to it's multi-factor suite, and Alger debuted its first active ETF, focused on 40 mid-cap growth stocks.
A real mixed bag of new ETF launches includes several new bond funds, including a new WisdomTree offering focused on EU bonds dedicated to financing the bloc's coronavirus recovery efforts. Elsewhere, L&G debuted a new ETF providing access to green bonds, while the latest offerings from BNP Paribas Easy focus on sustainable eurozone bonds and emerging markets bonds.
MMC Ventures has launched an HMRC Approved Knowledge Intensive EIS Fund offering retail investors an opportunity to invest in the transformative technology companies MMC is known for and access tax planning and administrative advantages.
This week's new launches include two funds with green credentials, the new Climate Change Innovations ETF from Australian issuer BetaShares, and the world's first Paris-aligned fixed income fund from Tabula Investment Management. Elsewhere, Gabelli Funds debuted its actively managed Growth Innovators ETF which invests in businesses both enabling and benefiting from digital acceleration, while Invesco launched a new fund offering exposure to taxable municipal bonds, and Evolve got the green light for a bitcoin ETF.
Baillie Gifford, an independent investment management partnership, has launched the Keystone Positive Change Investment Trust plc, formerly known as the Keystone Investment Trust plc.
This week's new launches include not one, but two funds focused on Nasdaq-listed companies – Lyxor International Asset Management's Lyxor Nasdaq-100 UCITS ETF - Daily Hedged to EUR on Xetra and Börse Frankfurt, and Agio Funds TFI's Beta ETF Nasdaq-100 PLN-Hedged, on the Warsaw Stock Exchange (GPW). Elsewhere, LGIM launched what it says is the first pure hydrogen economy ETF in Europe, Brazilian asset manager Hashdex debuted a cryptocurrency fund, and AdvisorShares launched an actively-managed, hedged equity ETF. Global X meanwhile listed two new thematic ETFs focused on video gaming and esports and telemedicine and digital health.
Specialist tax-efficient investment manager Downing LLP has launched a new Enterprise Investment Scheme (EIS), giving investors the opportunity to support the unprecedented growth of companies at the cutting edge of healthcare.
Net retail sales reached GBP6.2 billion in December 2020, in the second largest monthly net retail sales figure on record after November 2020, new data published by the Investment Association (IA) reveals.
One of this week's new launches gives investors access to both pre- and post-merger Special Acquisition Companies (SPACs), or blank cheque companies, through the first ever ETF from EXOS Financial, the Morgan Creek – Exos SPAC Originated ETF. Other newcomers include four physically-backed metals ETCs from Global Palladium, Ossiam's Food For Biodiversity ETF, a low-volatility equity income fund from Truemark, and for crypto fans, the world's first Polkadot ETP from 21Shares.