Marijuana for fools

Another marijuana ETF  AdvisorShares is listing an actively managed marijuana ETF that aims to give exposure to the recreational drug. The AdvisorShares Pure Cannabis ETF (YOLO). The fund will invest in companies that make more than 50% of their revenue is marijuana and hemp. It will also invest in plain old companies that AdvisorShares believes may make money out of …

Real Yield

USA Global X lists Russell 2000 covered call ETF Mirae-owned Global X is listing a new alternatives ETF that brings the familiar covered call strategy to the Russell 2000. The Global X Russell 2000 Covered Call ETF (RYLD) will track a theoretical portfolio that holds the Russell 2000 while selling one-month at-the-money covered call options. Each option written will:  have an …

Australian Multi Factor

AustraliaVanguard Australia Multi factorVanguard Australia is punching another notch into its actively managed belt, listing Australia’s first multi-factor global ETF. The Vanguard Global Multi-factor Active ETF (Managed Fund) (VGMF) will hold a basket of global shares and attempt to outperform its market weighted counterparts. It will do so by targeting three factors: value, quality and momentum. Value will be measured …

Floating on a cloud

USA Global X lists cloud computing ETF Global X is listing another cloud computing ETF, in what is the fourth ETF to broadly track this space and the second to track specifically this space (you can trust First Trust to have been first, whose SKYY has hit the sky with $1.2B under management).   The Global X Cloud Computing ETF (CLOU) …

Overpricer

USA KraneShares overprices iShares with bizarre listing You may have heard of a business strategy called under pricing: where you roll out a competitor product at a cheaper price. But now, thanks to China ETF specialist KraneShares, were have a new strategy in the ETF market: overpricing. KraneShares is listing a new emerging markets tracker that excludes China. The KraneShares …

Biotech and Genomics

Editor’s note: An earlier version of this article incorrectly stated that Solactive’s Blockchain index, tracked by Horizons in Canada, used natural language processing. Solactive’s index Blockchain index does not use NLP, at all, it uses RBICS industry classifications. Further changes were made to reflect this. We regret the errors. –ED Biotech ETFs are some of the best performing of all time. …

Swiss Ripple

Switzerland Amun lists world’s first Ripple ETP Winter has come for both Game of Thrones (April 17 – I can’t wait) and for cryptocurrencies. But ETF providers are rolling out new crypto ETPs nonetheless. Amun, the world’s first company to list physically backed crypto ETPs, is now extending its crypto offering to include ripple. The new product, called the Amun …

State Street Rotator Sectors

USA State Street (finally) lists its active sector rotators State Street filed for these funds way back in 2016. It filed for them so long ago that we’d started to think they’d never go ahead and list them. But now they have. State Street is putting two new actively managed sector rotators on US exchanges, aimed at building out on …

WisdomTree hits a six

USA WisdomTree lists India minus state owned enterprises There’s more to India than cricket, curries and the Commonwealth. In an effort to spice up its India-oriented product suite, WisdomTree is spinning in with a new India tracker that bowls out state-owned enterprises. The WisdomTree India ex-State-Owned Enterprises Fund (IXSE) will track a WisdomTree index that defines an SOE as a …

Chinese Alcohol

China Yummy yummy China alcohol ETF Do you love booze? Do you think China holds great investment promise? Then this might be the ETF for you. Penghua Fund Management, a Shenzhen-based asset manager, is listing an ETF version of its Penghua CSI Alcoholic Drink Index Classified Fund. The fund tracks the CSI Alcoholic Drink Index, which picks 50 stocks which …