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NEWSLETTER

Vegan theme outperforms

An ETF with heart has outperformed the S&P 500 with Claire Smith of Beyond Investing’s US Vegan Climate ETF increasing by 38.08 per cent in 2023, in comparison with the S&P 500 Index, which edged upwards by 26.29 per cent in the same period.

Our writer Fiona Nicolson explains that VEGN aims to avoid investing in companies which are involved in the slaughter of, cruelty towards or other mistreatment of animals. Smith calculates that the lives of almost three million animals have been spared, based on her analysis of the total number of animals globally; the proportion of those in the US; and the market caps of companies excluded from VEGN because of their use of animals. Read our interview with her on her expansion plans.

Equally passionate are the Blue Tractor Group’s team who have been working on being able to offer their semi-transparent ETF structure to investment managers who run long/short investment strategies, and they have done it, receiving notice from the SEC late last week.

Terry Norman, Blue Tractor Group founder, says: “This now opens up the semi-transparent ETF space to hedge fund managers and those who run long/short portfolios but don’t want predatory traders or ‘copycat’ funds either front running their trades or running near identical funds.”

Keep your voting up in the 14th outing of the ETF Express European ETF Awards which are open to your votes on ETF service providers and issuers until 16th February. Voting closes Friday 16th February.

To cast your vote please click here.

Meanwhile, we are off to the ETF conference Exchange, in Miami, with a full dance card of meetings and, I observe, quite a lot of drinks parties.

We are hosting the inaugural US ETF Distribution awards, sponsored by ACA Foreside, a mini in-conference awards designed to allow the attending financial advisers to vote on their favourite ETF products. We will report from Exchange over the next week.

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

LATEST NEWS

Institutional investors and wealth managers predict the price of bitcoin will be at least 10 per cent higher within six months due to the SEC approving the launch of spot ETFs in the US, according to new global research by London-based Nickel Digital Asset Management.
US Vegan Climate ETF (VEGN), launched by Beyond Investing in September 2019, now has USD83.7 million in assets under management, reports chief executive, Claire Smith.  
In their 14th year, the ETF Express European ETF Awards 2024 are now open for voting on your favourite ETF issuer, based on data supplied by Trackinsight, and service provider, drawn from our nomination round.
SEC opens up semi-transparent ETFs to funds holding short positions   Blue Tractor Group has received notice from the SEC to license their semi-transparent ETF model to investment managers who offer long/short portfolios.   Terry Norman, Blue Tractor Group founder, says: “At the present time semi-transparent ETFs can only license investment strategies that take long only positions i.e. they purchase the physical security.   “We can now license to investment managers who run long/short investment strategies i.e. those who look to generate additional alpha via taking short positions and reinvesting the cash those short positions yield.   “This now opens up the semi-transparent ETF space to hedge fund managers and those who run long/short portfolios but don’t want predatory traders or ‘copycat’ funds either front running their trades or running near identical funds.”   Norman concludes: “It’s also another step toward parity between transparent and semi-transparent ETFs.”  

Global ETF Launches

Global Launches sponsored by STOXX
This week’s non North-American launches display an impressive geographical spread, with offerings based on indices covering Japan, India and South Africa.

US ETF Launches

US Launches sponsored by STOXX
There were 16 new ETF offerings launched for the week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

Canada ETF LAUNCHES

Canada Launches sponsored by STOXX
A summary of the Canadian ETF launches that occurred in January 2024.
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