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.
New Global ETF Launches
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.
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.
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.
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.
Another bumper week for ETF launches saw 11 new funds from BMO Asset Management, including a suite of ETFs focused on innovation, plus four new Xtrackers funds providing access to US companies with a sector focus and Eurozone companies with a focus on sustainability. Staying with the ESG/sustainability theme we also have a new Japanese equities ETF from Amundi, plus a corporate bonds fund from L&G. The latest offering from Horizons ETFs meanwhile offers investors a trip into the world of companies looking at the use of psychedelic compounds, such as psilocybin and ketamine, as treatment for mental illness and other medical conditions.
A bumper week for new launches saw Tabula launch a fixed income ETF aligned to the Paris Agreement on climate change, while Harvest Portfolios Group got in on the low-carbon act too with a new clean energy fund. The company also debuted a travel and leisure ETF tracking a Solactive index. Other notable newcomers included a bitcoin ETP from CoinShares, and a new fund from Accelerate offering access to six alternative asset classes and ten alternative investment strategies in one easy-to-use ETF.
Sustainability is the name of the game this week with both Invesco and Fidelity launching new funds offering access to investments in companies with a strong ESG ethos in Japan and the wider Pacific region. Elsewhere, KraneShares debuted a China healthcare ETF on the LSE, ETYC Group listed bitcoin ETP on SIX, and CI Global Asset Management launched the CI Gld Bullion Fund on the Toronto Stock Exchange.
The pick of the latest ETF launches is Compound Kings from Upholdings, a new provider led by former hedge fund analyst and Everlane CFO Robert Cantwell. Elsewhere, Invesco, Sound Income Strategies and Euclid Investment Advisory all launched actively managed fund, while TrueMark and Pacer ETFs debuted new structured outcome offerings. We also have new index-based funds from Blue Horizon Capital, Lyxor, Distillate Capital and Global, and the first ETF from Swan Global Investments, which pairs the benefits of passive investing in equity index ETFs with actively managed options strategies.
A bumper week for new ETF launches includes a couple of unusual funds, including a new 'social justice' ETF from Adasina Capital, and Tuttle Tactical Management's latest offering which aims to provide access to Special Purpose Acquisition Companies or SPACs, normally the preserve of institutional investors. The week's other newcomers include a new corporate bonds from from Tabula, a new ETF from HSBC GAM focused on the largest technology companies from the Greater China region, and a suite of eight active funds from Vanguard allowing investors to invest in an actively managed portfolio of equity and fixed income ETFs.