News from Korea this week with the launch of the Secured Overnight Financing Rate ETF from Korea Investment Management, which tracks the Solactive SOFR Daily Total Return Index.
The firm writes that the product is an accumulating daily return strategy that aims to provide yields in line with the SOFR rate. Moreover, the ETF wrapper can be an attractive tool for financial market participants, allowing investors to access the yield efficiently and flexibly. SOFR itself is based on transactions in the US Treasury repurchase market and acts as a benchmark interest rate for USD denominated derivatives and loans.
We also have news from the UK of the launch of its first ETFs from CIRCA5000, an impact investing specialist firm, bringing us five UCITS ETFs with coverage of the UN SDGs. Next week we will have an interview with CIRCA5000’s Tom McGillycuddy on their first outing into ETFs.
Oil tanker shipping futures ETF launched
Korea Investment Management launches Secured Overnight Financing Rate ETF tracking Solactive index
