Space and aviation were the focus this week, with the listing of the US Global Jets UCITS ETF (JETS) on the HANetf platform, delivering exposure to the commercial airline, airline manufacturing and terminal service industries. HANetf also launched a new ETF on Xetra providing investors with access to companies in the space industry and satellite technologies sectors, plus a fund focused on sports betting and iGaming. New tech funds included an Invesco ETF aiming to track technology companies in China, with a focus on innovative tech rather than computer hardware and software businesses. ETFMG also issued two leveraged ETFs giving investors exposure to travel technology. Over in the US, BMO Investments launched the BMO US All Cap Equity Fund ETF Series, providing long-term capital growth by investing in equity securities of US companies of any size of market capitalisation, and Syntax Advisers listed the Syntax Stratified US Total Market Hedged ETF on NYSE, offering an alternative to cap weighted and equal weighted index products through a suite of ETFs covering US LargeCap, MidCap, SmallCap and US Total Market exposure.
New Global ETF Launches
Crypto launches took centre stage this week, with CoinShares listing bitcoin, ether and litecoin ETPs on Borse Xetra. 21Shares also launched a UK bitcoin ETP on Aquis Exchange, designed to provide institutional investors with secure and cost-effective exposure to the cryptocurrency. ESG launches were also popular, with iClima Earth listing the world’s first ESG UCITS ETF providing exposure to companies promoting the decentralisation of energy generation. State Street Global Advisors also launched three new SDPR ETS focusing on companies with steady dividend growth and a good ESG profile. Funds also focused on Europe, with a new Lyxor ETF on Xetra giving investors access to fixed-income and euro-denominated eurozone government bonds, and the Polish WIGtechTR ETF listed on GPW providing investors with exposure to the top 49 stocks listed on the Warsaw Stock Exchange. KraneShares has it's sights set on the Far East meanwhile with the Bloomberg Barclays China Bond Inclusion ETF which tracks Chinese RMB-denominated securities. Finally, it was all bout biotech for WisdomTree, with the of listing the WisdomTree BioRevolution Fund (WDNA) offering diversified exposure to a basked of companies positioned at the intersection of biology and technology.
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.
ESG was a key theme this week, with the listing of the Solar Energy UCITS ETF on LSE offering Europe’s first pure-play exposure to the global solar energy industry. Vanguard launched the Vanguard ESG Global Corporate Bond UCITS ETF EUR providing investors with access to fixed-income bonds issued by ESG focused companies that have an investment grade rating. As always, crypto remained key, with ETC group listing exchange traded physical ether and litecoin ETCs on SIX. Simplify Asset Management launched the Simplify US Equity Plus GBTC ETF that invests at least 15 per cent of net assets in bitcoin via the Grayscale Bitcoin Trust, and FiCAS AG debuted an actively managed crypto ETP on the Vienna Stock Exchange. SonicShares set its sights on post-pandemic recovery with the listing of the SonicShares Airlines, Hotels, Cruise Lines ETF (TRYP), the only US-listed ETF that provides investors with exposure to the three major components of the travel industry. Striking a more cautious note, the Fat Tail Risk ETF launched on NYSE, designed to protect investors’ portfolios against major market declines. Elsewhere, Strategy Shares launched the First Gold-Hedged Bond ETF (GDLB) designed to enable investors to generate income from a portfolio of investment grade corporate bonds while hedging against inflation with a gold overlay. Finally, ProShares launched the Nasdaq-100 Dorsey Wright Momentum ETF, the first ETF focusing on select Nasdaq-100 stocks identified as having the greatest potential to outperform.
Crypto themed ETFs led the way this week, with Wisebitcoin launching the SOL ETF, SOL being the native token for Solana, a platform providing scalable blockchain infrastructure for developers. Valour also launched the Cardano and Polkadot ETPs on the Nordic Growth Markets (NGM), both enabling investors to gain exposure to popular digital assets directly via their bank or broker. Loyalty Preference Index launched one of the first funds serving the principles of the LGBTQ community, the LGBTQ+ ESG100 ETF, that tracks the performance of corporations that embrace ESG principles in the workplace and advance equality. Launches this week also centred on the US: First Trust launched the First Trust New York Municipal High Income ETF investing in municipal debt securities issued by the state of New York, and Tabula listed the Tabula US Enhanced Inflation UCITS ETF (USD) providing investors with a strategy that enables protection against inflation risk. Back in Europe, a new iShares ETF was listed on Xetra allowing investors to participate in large and medium-sized companies from industrial sectors in 15 developed countries in Europe. Finally, ETFMG extended its suite of cannabis-themed ETFs with the US Alternative Harvest ETF listed on NYSE, offering investors access to companies producing and distributing cannabis products in the US.
This was a big week for the Evolve Funds Group, which followed long term ESG trends by adding a series of carbon neutral ETFs to its portfolio, the Evolve CleanBeta series that tracks the performance of the S&P/TSX 60 and S&P 500 Index. Evolve also listed the Evolve FANGMA Index ETF (TECH) on TSX, providing investors with exposure to the equity securities of tech titans such as FANGMA Index, Alphabet Inc, Amazon Inc and Microsoft Corp. Sticking with the technology, CSOP issued it first thematic equity product this week, the CSOP Global Cloud Computing Technology Index ETF, which tracks the Solactive Global Cloud Computing Technology Index. Elsewhere, SoFi added the SoFi Weekly Dividend ETF following the performance of the SoFi Sustainable Dividend Index and providing weekly dividend payment to shareholders. Finally, Simplify listed the Simplify Interest Rate Hedge ETF (PFIX) that seeks to provide a hedge against a sharp increase in long-term interest rates.
VanEck offered a new take on investing in the digital assets space this week, with the listing of the VanEck Vectors Digital Assets Equity UCITS ETF on the LSE which gives investors diversified access to companies operating in the crypto and blockchain industries rather than actual cryptocurrencies. LGIM debuted a Global Thematic fund aimed at giving UK investors access to multiple investment themes such as technology and energy. Elsewhere, iShares turned its eye to Germany, launching three new ETFs on Xetra and Borse Frankfurt providing investors with access to the most important benchmarks of the German equity market. In the US, Schwab Asset Management listed the Schwab International Dividend Equity ETF on the NYSE Arca seeking to track the Dow Jones international Dividend 100 Index. Finally, Van Harbor Capital Advisors entered the ETF market this week, announcing the launch of the Harbor Scientific Alpha High-Yield ETF and the Harbor Scientific Alpha Income ETF in the autumn.
Sustainability and ESG investing dominated ETF launches this week. Invesco expanded its thematic environmental suite by listing the Invesco MSCI Green Building ETF focusing on the entire green building ecosystem, and BlackRock debuted two Paris Aligned iShares UCITS ETFS designed to capture opportunities arising from the transition to a lower carbon economy. Amundi also added fixed income exposure to its Climate Paris Aligned ETF range with the Amundi iCPR Euro Corp Climate Paris Aligned PAB – UCITS ETF DR. Digital assets also featured again this week with WisdomTree debuting the WisdomTree Ethereum ETP (ETHW) on Borse Xetra and Six, a low priced physically-backed ether ETP. Elsewhere investors turned their attention to Asia as Qontigo licensed the EURO STOXX 50 Index to KBSTAR ETF to serve as underlying for an ETF listed on the Korea exchange. Finally, FinEx launched the Fallen Angels ETF, allowing investors to capture risk premium in USD bonds that have recently been downgraded from investment grade to high yield while belonging to the relatively attractive BB+ to BB- rating segment.
Ethereum was a key focus of ETF launches this week, with the CI Galaxy Ethereum fund now trading on TSX allowing investors to invest directly in ether using the Bloomberg Galaxy Ethereum Index, and Coinshares teaming with 3iQ to launch the 3iQ CoinShares Ether ETF, providing exposure to the daily price movements of the USD price of ether. ESG investing remains popular, with UBS listing the UBS ETF (LU) Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-acc giving investors access to the performance of euro-denominated, fixed-rate corporate bonds from the eurozone with an improved ESG profile. Elsewhere, Russian ETF provider FinEx launched the FinEx Developed Markets ex-USA UCITS fund tracking the Solactive GBS Developed Markets ex United States 200 USD Index, and Lyxor listed its first ETF on the Tel Aviv Stock Exchange, the Lyxor Robotics & AI UCITS ETF. Finally, in a nod to a post-Covid economic recovery as lockdowns ease, AdvisorShares listed two ETFs with dedicated exposure to the hotel and restaurant and food service industry, the AdvisorShares Hotel ETF (BEDZ) and the AdvisorShares Restaurant ETF (EATZ).
Digital asset-focused ETFs stole the show again this week, with CoinShares launching the CoinShares Physical XRP (XRPL) providing investors with passive exposure to XRP, the native token unit on the Ripple network. The first WisdomTree Bitcoin ETN is now trading on Xetra, tracking the performance of bitcoin, and Horizons ETFs debuted the BetaPro Bitcoin ETF (HBIT) and the BetaPro Inverse Bitcoin ETF (BITI) on TSX, providing long and inverse exposure to the Horizons Bitcoin Front Month Rolling Futures Index. ETC Group also listed the first Litecoin ETP on Xetra, giving investors access to the performance of Litecoin without having to set up crypto wallets. Elsewhere, several industry-specific ETFs were listed this week, with HANetf debuting a new UCITS ETF tracking the performance of global stocks deriving revenue from online retail. Global X launched the Clean Water Industry ETF providing investors with access to companies active in clean water provision, and TD Asset Management launched a new ETF giving investors exposure to the global healthcare market. Lastly, sustainability remained a key theme of the week, with Evolve filing a preliminary prospectus for the world’s first ETFs to bring carbon neutrality to traditional indices, and Global Palladium Fund listing GBP share classes for physically-backed metal ETCs on the LSE giving investors exposure to metals with a key role in the transition to a net zero carbon economy.