A quiet week for global launches in the ETF world, with two outings from Invesco, one an expansion of QQQ into small cap stocks screened by high quality patents and the other a longer US treasury bond ETF.
Harbor Capital Advisors is still on its growth path and brought us HAPI, based on the Canadian Imperial Bank of Commerce (CIBC) Human Capital Index, which is itself based on proprietary research conducted by Irrational Capital. It enables a strong, systematic assessment of a company’s corporate culture and its link to potential future equity performance.
Meanwhile, KraneShares launched KMET, an ETF designed to offer broad coverage of the key metals needed for the electrification of the global economy. The fund tracks the Bloomberg Electrification Metals Index, which is comprised of futures contracts on aluminium, copper, nickel, zinc, cobalt, and lithium.