It would have been a pretty quiet week in terms of new ETFs, except for Thursday, October 19. That was the day that saw 19 fund launches, possibly the most ETF rollouts in one day that the industry has ever seen. That Thursday barrage of funds included the debut of the only existing , which were launched by iShares, and from Morgan Stanley. and also launched actively managed equity ETFs during the week.
Hartford Funds launched the on Monday. The fund is actively managed and focuses on U.S. equities demonstrating quality and value characteristics as well as a history of paying dividends. QUVU’s methodology also incorporates ESG criteria into its selection process. The fund comes with an expense ratio of 0.45% and lists on Cboe Global Markets.
Additional New ETFs
The 19 new ETFs that debuted on Thursday include four ETFs launched under the T-REX brand, which is a partnership between Rex Shares and Tuttle Capital Management. The new family of funds offers leveraged and inverse exposure to the performance of popular stocks. The four funds that launched this week are tied to the stock of Nvidia and Tesla and are as follows:
The two Tesla-linked funds list on the Nvidia-linked funds list on the Nasdaq stock market. All four ETFs have expense ratios of 1.05%.
Closures also had a strong showing during the week, with 11 ETFs ceasing to trade and another 18 announced. The 11 completed closures include the following:
Credit Suisse expects the to trade until the market close on November 7. Meanwhile, Global X will close four of its funds, which will cease to trade after the market close on November 10. Those funds are as follows:
IndexIQ will close five of its ETFs, with their last trading day set for December 12. Those funds include the following:
Six target date maturity bond ETFs will reach their maturities and cease to trade after the market close on December 15 — three from iShares and three from Invesco. Those funds are as follows:
Several ETFs have seen or will see material changes. The three Engine No. 1 ETFs will change their names but retain their tickers after the issuer’s acquisition by the TCW Group. The rebranded funds are as follows:
Later, the will undergo a major renovation as of December 15. The fund’s name and ticker will change to the iShares U.S. Digital Infrastructure and Real Estate ETF (DIGI), and its index will change from the S&P North American Technology Multimedia Networking Index to the S&P Data Center, Tower REIT and Communications Equipment Index.
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