This week turned out to be one enjoying something of a pre-Christmas and pre-New Year rush in terms of ETF launches around the world.
We had the usual dominance of ESG and crypto, with Defiance launching an ETF based on NFTs and WisdomTree expanding its crypto range. In terms of ESG, Invesco has launched a suite of ETFs combining strict ESG criteria with Paris-aligned climate objectives, while PGIM stepped into the market with a total return bond ETF and an ESG high yield product.
BNY Mellon Investment Management has added to its range with an active international equity ETF and WisdomTree went back to its roots with a broad commodities ETF. Most amusing ticker this week comes from VanEck with YUMY, an actively managed equity ETF that provides exposure to companies engaged in agri-food technology and innovation. And most intriguing comes from Roundhill and Solactive who offer us a MEME ETF, a social media-based strategy tapping into the growth of social media.