ETF Week: Many First-Of-A-Kind Filings
Issuers got very creative this week with novel ideas for new funds.
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It’s been a relatively quiet week on the ETF launch front, with no new launches taking place since May 21, and no closures either. But it’s been an interesting week in terms of ETF filings, with four first-of-a-kind strategies hitting the regulatory pipeline.
Below is a roundup of the key events in the ETF space during the week of May 21:
Filings:
- Vanguard filed for a global bond ETF that would be an ETF-of-ETFs comprising two other Vanguard funds. The Vanguard Total World Bond ETF will be the first U.S.-listed ETF to cover the investment-grade bond universe in emerging and developed markets, including the U.S. It will track the Bloomberg Barclays Global Aggregate Float Adjusted Composite Index.
- New issuer ProcureAM filed for two ETFs, the first Space ETF that will target the space industry and the first fund exclusively focused on global warming. The Procure Space ETF (UFO) will track the S-Network Space Index. It also filed for the Procure Advanced Global Warming ETF, which will track an index that covers companies that support the mitigation of global warming.
- ProShares filed for the first pet industry ETF targeting the products and services that are part of the $70 billion pet industry. The ProShares Pet Care ETF will track an equal-weighted index provided by FactSet.
- Invesco is adding two more BulletShares ETFs to its lineup of target-maturity fixed-income ETFs. The Invesco BulletShares 2028 Corporate Bond ETF and the Invesco BulletShares 2026 High Yield Corporate Bond ETF will track indexes provided by Nasdaq that target bonds maturing in a certain year.
Contact Cinthia Murphy at [email protected]
