This week has seen at least half a dozen launches from such names as J.P. Morgan, Motley Fool, VanEck and Deutsche Asset Management. Goldman Sachs also filed for its first plain-vanilla sector ETF. Below is a roundup of the key events in the ETF space during the week of Oct. 29:
Motley Fool Launches 2nd ETF
Motley Fool Asset Management has followed the successful launch of its flagship ETF with the rollout of an actively managed small-cap growth fund. The Motley Fool Small-Cap Growth ETF (MFMS) tends to focus on high-quality companies that have strong competitive advantages, reasonable levels of leverage and strong free cash flows, according to the prospectus.
JP Morgan’s New Intermediate Muni Fund
J.P Morgan launched a companion to the ultra-short municipal bond ETF it rolled out earlier this month. The JPMorgan Municipal ETF (JMUB) is actively managed and primarily focuses on investment-grade securities, targeting an average weighted maturity of three to 10 years.
VanEck Debuts 2 ETFs
VanEck rolled out two very different ETFs during the week. The VanEck Vectors Morningstar Global Wide Moat ETF (GOAT) is a global version of the firm’s successful $1.6 billion VanEck Vectors Morningstar Wide Moat ETF (MOAT). Meanwhile, the VanEck Vectors Morningstar Durable Dividend ETF (DURA) focuses on U.S. stocks that have high dividend yields that are expected to persist.
(Read: VanEck Adds 2 Equity ETFs)
Deutsche Unveils LatAm Fund
Deutsche Asset Management rolled out a plain-vanilla ETF targeting Latin America’s stock markets. The Xtrackers MSCI Latin America Pacific Alliance ETF (PACA) covers the markets of Chile, Colombia, Mexico and Peru.
(Read: Deutsche Debuts LatAm ETF)
Reality Shares Rolls Out Multifactor ETF
Reality Shares added a new multifactor fund that relies on artificial intelligence. The Reality Shares Fundstrat DQM Long ETF (DQML) targets the large-cap segment of the U.S. stock market.
(Read: AI-Driven Multifactor ETF Debuts)
Goldman Files For Banking ETF
A recent filing from Goldman Sachs outlines the firm’s plans to launch its first sector ETF. The Goldman Sachs Eurozone Banks ETF is fairly plain-vanilla, and will target banking stocks in 10 eurozone countries.
(Read: Goldman Plans Banks Sector ETF)
Contact Heather Bell at [email protected]