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ETFGI Weekly Newsletter August 14, 2017

United States

 Filings

• VanEck filed for the Van Eck Bitcoin Strategy ETF
  • VanEck Vectors^® Bitcoin Strategy ETF is an actively managed ETF.
  • The Fund seeks to achieve its investment objective by investing, under normal circumstances, in U.S. exchange-traded bitcoin-linked derivative instruments (“Bitcoin Instruments”) and pooled investment vehicles and exchange-traded products that provide exposure to bitcoin (together with Bitcoin Instruments, “Bitcoin Investments”).
  • The Fund is an actively managed exchange-traded fund (“ETF”) and should not be confused with one that is designed to track the performance of a specified index.
  • The ETF will invest in bitcoin instruments via a Cayman Islands subsidiary (It will comprise no more than 25% of the total portfolio). The remainder of the portfolio will be invested in fixed-income vehicles.
  • No disclosure of fees or tickers.
• Inspire Investing filed for the Inspire 100 ETF
  • The ETF will have an expense ratio of 35 BPs
    • The ETF will track the Inspire 100 Index.
    • The index provider selects domestic large capitalization equity securities using the index provider’s Inspire Impact Score®, a proprietary selection methodology that is designed to assign a score to a particular security based on the security’s alignment with biblical values and the positive impact that company has on the world through various environmental, social and governance criterion.
    • The methodology removes from the investment universe the securities of any company that has any degree of participation in activities that do not align with biblical values, which are: abortion, gambling, alcohol, tobacco, pornography, LGBT lifestyle among others.
  • Legg Mason filed for the Western Asset Core Plus Opportunities ETF
    • The ETF will have an expense ratio of 45 BPs.
    • The actively managed ETF seeks to maximize total return, consistent with prudent investment management and liquidity needs, by investing to maintain the average duration specified in the prospectus.
    • Although the fund may invest in securities of any maturity, the fund will normally maintain a dollar-weighted average effective duration within 35% of the average duration of the U.S. bond market as a whole.
  • Eaton Vance filed for the Eaton Vance Diversified Credit NextShares:
    • The ETFMF will have fees of 90 BPs.
    • The Fund invests in securities and other instruments to establish investment exposures to credit markets around the world.
    • The Fund currently expects to invest at least 50% of its net assets in securities or other instruments issued by issuers located in the United States. The Fund will invest at least 25% of its net assets in a combination of high yield debt securities and senior loans.  

Launches

• iShares launched the iShares Russell 1000 Pure US Revenue ETF (AMCA)
  • The ETF tracks the Russell 1000 Pure Domestic Exposure Index, consisting of those companies within the Russell 1000 Index that source at least 90% of their total revenue from the US.
  • AMCA has a total expense ratio (TER) of 0.15%.
  • Link to the news’ source
• First Trust launched the First Trust Dow 30 Equal Weight ETF (EDOW)
  • The ETF will track the Dow Jones Industrial Average^®Equal Weight Index (the “DJIA Equal Weight Index”).
  • The DJIA Equal Weight Index is an equal-weight version of the Dow Jones Industrial Average (“DJIA”).
  • The DJIA is a price-weighted index, comprised of 30 well-known, mega-cap companies. In contrast, the DJIA Equal Weight Index gives the same weight to each of the 30 constituents, allowing all companies to contribute equally, regardless of their price, which we believe may significantly reduce stock specific risk relative to price weighting.
  • The fund comes with an expense ratio of 0.50% and lists on the NYSE Arca exchange.
  • Link to the news’ source

Closures     

• Horizons announced that they will be terminating the Horizons US Managed Risk ETF on September 8, 2017.
• No disclosure of the reasons behind the ETF closure.
• Link to the news’ source

Europe

iShares’ grip on European ETF market loosens | Ignites Europe Read More

China funds shine for UK investors in 2017 19 per cent average return in the first half of the year| Financial Times Read More

EBA publishes a Discussion Paper on its approach to FinTech  | European Banking Authority Read More

Canada

 Launches

• FT Portfolios to merge First Trust AlphaDEX Canadian Dividend ETF Into First Trust Canadian Capital Strength ETF
  • FT Portfolios Canada, will merge the First Trust AlphaDEX Canadian Dividend ETF (FDY) and First Trust Canadian Capital Strenght ETF (FST), is to merge FDY into FST.
  • The Proposal should provide holders of units in FDY with several benefits, including the following: Broad market exposure, greater liquidity, and tax losses.
  • Link to the news' source
• WisdomTree Canada Adds Non-Hedged Unit Class to Europe Hedged Equity Index ETF
  • WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada"), today announced that non-hedged units of the WisdomTree Europe Hedged Equity Index ETF ("EHE") will commence trading on the Toronto Stock Exchange ("TSX") on August 10, 2017 under the ticker symbol EHE.B.
  • EHE seeks to track the price and yield performance of the WisdomTree Europe CAD-Hedged Equity Index, which is designed to provide exposure to dividend paying European equities while hedging exposure to fluctuations between the Euro and the Canadian dollar. The non-hedged units, in contrast, will not be hedged back to the Canadian dollar.
  • Link to the news' source

Latin America

Launches

• iShares cross-listed the below ETFs in Mexico:
  • iShares Global Inflation Linked Govt Bond UCITS ETF (IGIL)
  • iShares $ Tips Ucits ETF USD (Acc) (IDTP)
  • Link to the news’ source