ETF Odds & Ends: Quiet Yet Eventful Week

March 04, 2022

The week ended March 4, 2022, was a trend reversal for the ETF space, with only one ETF launching in the period.

Up to now, launches had been set on “firehose” mode, with more than 80 ETFs rolling out in the first two months of the year, far outpacing the number launched during that time in 2021, a record-breaking year for launches.

However, the Russia’sn invasion of Ukraine seems to have abruptly shut off the ETF firehose. The Home Appreciation U.S. REIT ETF (HAUS) was the only ETF to launch this week. That said, there were plenty of other small changes affecting existing ETFs.

Ticker, Index & Name Changes

Effective, Feb. 28, the following ETFs underwent key changes:

  • The IQ Real Return ETF (CPI) changed its index from the IQ Real Return Index to the Bloomberg IQ Multi-Asset Inflation Index.

As of March 1, the JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) changed its name to the JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF. At the same time, the iShares Global Green Bond ETF (BGRN) changed its name to the iShares USD Green Bond ETF and its underlying index from the Bloomberg MSCI Global Green Bond Select (USD Hedged) Index to the Bloomberg MSCI USD Green Bond Select Index.

As ofOn April 22, the SPDR MSCI ACWI Low Carbon Target ETF (LOWC) will change its name and ticker to the SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and its index from the MSCI ACWI Low Carbon Target Index to the MSCI ACWI Climate Paris Aligned Index. At the same time, the fund will undergo a 4-for-1 forward share split.

Finally, as ofn May 3, the Franklin Liberty Federal Tax-Free Bond ETF (FLMB) will change its name to the Franklin Municipal Green Bond ETF.

Expense Ratio Changes

And during the week, a total of 30 ETFs made changes to their expense ratios.

As of Feb. 28, the following funds made expense ratios changes, with 15 of them undergoing price cuts, while six underwent increases. The reductions are as follows:

The increases are as follows:

Another nine ETFs revised their expense ratios as of March 1, with six undergoing reductions and three undergoing increases as follows:

Contact Heather Bell at [email protected]

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