May 2019 Filing Roundup

June 03, 2019

Aberdeen Standard Investments, which bought ETF Securities’ lineup of commodity ETFs, has filed for three actively managed ETFs that will use a model driven by artificial intelligence to target the value, quality, momentum, small size and low volatility factors:

IndexIQ has also filed for an actively managed ETF. The IQ Ultra Short Duration ETF will look to provide current income and limited exposure to volatility while investing in a wide range of fixed income securities.

Meanwhile, Invesco is filling out its lineup of BulletShares ETFs with a filing for the Invesco BulletShares 2029 Corporate Bond ETF. The fund will invest in corporate bonds maturing in 2029 as well as those with an effective 2029 maturity. The firm has also filed for the Invesco BulletShares 2025 USD Emerging Markets Debt ETF, which will expand the family of four emerging market debt ETFs it launched last October.

Invesco has further refiled for its BulletShares Municipal Bond ETF family. It had originally filed for a similar family last year that would cover the years 2019-2028, but those funds never launched. The new filing covers the years 2021-2030.

iShares has two country ETF proposals filed, both for countries it already covers. However, the iShares MSCI Canada IMI ETF and the iShares MSCI Japan IMI ETF will both track indexes that include small cap stocks, while iShares’ existing cap-weighted Japan and Canada ETFs only cover the large and midcap spaces.

First Trust is looking to launch two very different ETFs. One, the First Trust EIP Carbon Impact ETF, will look to invest in utility and energy companies that are taking action to reduce their carbon impact. The other, the First Trust Multi-Manager Small Cap Core ETF, will implement multiple subadvisors to manage a growth strategy and a value strategy, respectively. First Trust, as the investment advisor of the fund, will determine how the allocations to the two strategies will be split.

And finally, newcomer Howard Capital Management is looking to launch two funds that allocate between equities and Treasury bills based on trend signals. The HCM RetirementDefender 100 Index ETF and the HCM RetirementDefender 500 Index ETF base their equity exposures on the Nasdaq-100 Index and the S&P 500 Index, respectively.

Contact Heather Bell at [email protected]

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