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JPMorgan Announced New Platform To Trade Commission-Free Online And Other ETF News

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Commission-Free Online

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Industry News

If you are interested in having your “industry news” listed here, please contact info@etfgi.com.

Globally, 11 new ETFs/ETPs were listed and there were 12 new cross-listings during the week of August 27th.

  • New ETF filings

New ETF filings are not included in the free version. To access to them please subscribe to the premium one, so you could stay on top of new products in the ETF/ETP space before they launch.

United States

News

ProShares S&P 500 Ex-Technology ETF to change index

  • ProShares announced that the S&P 500 Ex-Technology ETF (SPXT) will be changing its underlying index effective on or about September 21,
  • The ETF’s new index, the S&P 500 Ex-Information Technology Index, is designed to provide exposure to the companies of the S&P 500 Index with the exception of those companies in the Information Technology The previous index for the instrument was the S&P 500 Ex- Information Technology & Telecommunications Services Index.
  • Link to the news' source

Changes announced for the International Multi-Asset Diversified Income Index Fund

  • International Multi-Asset Diversified Income Index Fund changed name, investment objective, ticker symbol and management fee effective August 30,
  • The ETF changed its investment objective to seek investment results that correspond generally to the price and yield of an index called the S&P International Dividend Aristocrats The new index measures the performance of high dividend yielding companies that have followed a managed-dividends policy of increasing or maintaining dividends for at least ten consecutive years.
  • The name of the fund changed to First Trust S&P International Dividend Aristocrats ETF and the Fund reduced its annual management fee payable to First Trust Advisors, the Fund’s investment adviser, from 0.70% of the Fund’s average daily net assets to 0.60% of the Fund’s average daily net assets.
  • In addition, the ETF began to trade under the new symbol “FID”.
  • Link to the news' source

Ally Invest introduced diverse set of commission-free ETFs

  • Providing customers a greater opportunity to diversify their investments and specialize in any corner of the market, Ally Invest announced a unique set of more than 100 commission-free exchange-traded funds (ETFs) available now to customers through its online trading
  • Ally Invest offers all WisdomTree ETFs commission-free, as well as a number of other commission-free funds, including ones focused specifically on the environmental, social and governance
  • Link to the news' source

Rafferty Asset Management to close three ETFs

  • The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily Silver Miners Index Bull 2X Shares and Direxion Daily Emerging Markets Bond Bull 3X Shares, based on the recommendation of Rafferty Asset Management, LLC, the Funds' investment advisor. In addition, the Board has also decided to liquidate and close the PortfolioPlus Total Bond Market ETF based on the recommendation of Direxion Advisors, LLC, the Fund's investment
  • The Funds will cease trading on the NYSE Arca, and will be closed to purchase by investors as of the close of regular trading on the NYSE on September 24, 2018. The Funds will not accept purchase orders after the Closing Date.
  • Link to the news' source

JP Morgan announced new platform to trade commission-free online

  • JPMorgan Chase announced the launch of the previously announced You Invest platform, a new S. digital investment platform offering all customers 100 commission-free online stock and ETF trades and the opportunity to earn unlimited commission-free trading.
  • You Invest is available within the Chase and P. Morgan mobile apps and websites, including Chase.com, the most visited banking portal in the U.S. The platform will allow 100 commission-free online stock and ETF trades for one year and 100 commission-free online stock and ETF trades per year for Premier Plus Banking customers.
  • Link to the news' source

Canada

News

Horizons ETFs announced changes to risk ratings for certain ETFs

  • Horizons ETFs has announced changes to the risk ratings applicable to certain of its The changes in risk ratings were effective immediately and detailed in the table below:

Horizons ETFs

Vanguard Investments Canada opened the market

  • Atul Tiwari, Managing Director and Head of Vanguard Investments Canada, joined TMX Group to open the market to launch Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY).
  • Vanguard Investments Canada is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages over $17 billion in assets. VIDY commenced trading on Toronto Stock Exchange on August 28, 2018.
  • Link to the news' source

Europe

News

An ETF pioneer, ETFGI’s Deborah Fuhr, singles out her industry’s biggest challenge - "The top challenge for the ETF industry, ironically, it is still education."

  • Much has been said about exchange-traded funds, a booming part of the investing These funds, which mostly track key benchmarks like the S&P 500, have attracted $5 trillion in investor money globally, topping hedge funds’ assets under management. But ETFs remain misunderstood, says Deborah Fuhr, co-founder and managing partner for research firm ETFGI.
  • “I think the top challenge for the ETF industry, ironically, is still When I started covering ETFs in ’97, I thought I would have a job for two years, and everyone would know what they were, and we’d move on,” the London-based Fuhr told MarketWatch in a recent interview.
  • More education is needed in large part because ETFs are providing exposure to a growing range of asset classes, according to Fuhr, who has been called “an ETF pioneer in Europe” by information provider com. The indexes that ETFs track are evolving as well, she said.
  • Link to the news' source

Solactive launched the Adaptive Wealth Strategies U.S. Factor Index combining three strategies in one index

  • Solactive announced the launch of the Adaptive Wealth Strategies S. Factor Index which dynamically allocates across three sub-indices with exposure to U.S. equities in the large and mid-cap segment and exhibits characteristics of one of three primary factors: value, momentum and low volatility.
  • The index has been developed together with Adaptive Wealth Strategies, a division of Carroll Financial Associates, based on their existing strategy and will be the underlying for the new Global X Adaptive S. Factor ETF.
  • The index will dynamically allocate across the following three Solactive factor indices:
    • Solactive S. Large & Mid-Cap Value 100 Index TR
    • Solactive S. Large & Mid-Cap Momentum 100 Index TR
    • Solactive S. Large & Mid-Cap Minimum Downside Volatility 100 Index TR
  • Link to the news' source

Solactive issued one index focused on mobile payment processing

  • Solactive announced the launch of the Solactive Mobile Payment NTR The index is tracking the performance of companies that are active in the areas of electronic and mobile payments processing.
  • The index is equal weighted and includes the 20 stocks with the highest market capitalization in the corresponding
  • Link to the news' source

Asia

News

Hang Seng Indexes announced it will launch two indexes focused on China

  • Hang Seng Indexes Company Limited announced it will launch the Hang Seng China New Economy Index and the Hang Seng Stock Connect Sector Top Index on 3 September
  • The Hang Seng China New Economy Index aims to reflect the performance of Chinese companies that operate in ‘New Economy’ industries and are listed in Hong Kong, mainland China and the United States.
  • The Hang Seng Stock Connect Sector Top Index benchmarks the performance of leading companies across different sectors that are eligible for trading via the Stock Connect
  • Link to the news' source

Australia

News

Vanguard Australia selected new FTSE Russell index for values-aligned ETF and index fund

  • FTSE Russell announced that Vanguard Australia has licenced a new values-aligned index for two ESG-related investment The FTSE Developed ex Australia ex Non-Renewable Energy/Vice Products/Weapons Index forms part of the new FTSE Global Choice Index Series.
  • It is the first FTSE Russell standard index family to incorporate several categories of ESG- related exclusions in its Increasingly, investors are looking to exclude stocks from their portfolios based on the impact of companies’ products and conduct on society and the environment.
  • The FTSE Developed ex Australia ex Non-Renewable Energy/Vice Products/Weapons Index has been chosen by Vanguard Investments Australia for its new Vanguard Ethically Conscious International Shares Index Fund, and for its Vanguard Ethically Conscious International Shares Index Fund These new funds are expected to list on the Australia Securities Exchange in September 2018.
  • Link to the news' source

Article by ETFGI

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