ETF Week: Gold Fund Debuts; Whiskey ETF Closing
Plus, unique launches from Amplify, First Trust, Equbot and O’Shares.
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The first full week of June was a busy one, with several launches from the likes of iShares, Amplify ETFs, First Trust and Equbot. Additionally, Invesco has made a filing that would expand its newly acquired BulletShares family to include target-maturity municipal bond ETFs, while ETF Managers Group announced it would shut down its whiskey producers fund.
Launches
- iShares rolled out a ’40 Act structured gold ETF that invests in a variety of futures and physical gold vehicles
- Amplify Investments debuted a fund that invests in the companies that produce and recycle the materials used in advanced battery technologies
- Equbot followed up its 2017 launch of an artificial-intelligence-powered U.S. ETF with a complementary international AI-driven fund
- O’Shares takes a new direction with the rollout of an “Internet giants” ETF targeting internet and e-commerce companies
- First Trust unveiled an unconstrained bond fund managed by TCW
Closures
- ETF Managers Group is shutting down the Spirited Funds/ETFMG Whiskey & Spirits ETF (WSKY); its last day of trading will be June 15
Filings
- Invesco is planning to add 10 municipal bond ETFs to its BulletShares family of target-date maturity bond funds, which currently covers high-yield and investment-grade corporate debt
Contact Heather Bell at [email protected]
