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Covid Vaccines

Covid Vaccines ETF

USA

Another coronavirus ETF

ETF Managers Group has come in first in the race to roll out a coronavirus ETF, with the ETFMG Treatments Testing and Advancements ETF (GERM) commencing trading this week. 

The invests mostly in healthcare biotech companies. It aims to invest in those that develop vaccines, and in those that produce tests for vaccines. Companies are identified based on revenue purity and stages of drug development. 

Like a lot of thematic funds, the fund uses funky wedding-cake style weighting system. The weighting system is designed to give medium-sized companies a bigger footprint. It allows companies with market caps under $15 billion to take up to 6% of the index. 

Large caps, i.e. those with market caps $15B-plus, get equally weighted with their collective weights not allowed to take more than 10% of the index. 

The fund charges of 0.68%.

Quite possibly the ticker for 2020

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Bernie Thurston

Bernie Thurston is the founder and CEO of Ultumus, a leading provider of ETF and index data, calculation, and workflow solutions. With over 20 years of experience in financial technology, Bernie has been at the forefront of index and ETF innovation since 2003.

His finance career began at Markit, where as Managing Director for Equities he designed and developed products for index and ETF composition and dividend forecasting from 2003 to 2011. He then founded and led DeltaOne Solutions as Managing Director, building it into a global provider of index and ETF trading data and technology services. The company managed over 100,000 multi-asset class products before being acquired by Markit in 2015.

Following the acquisition, while working for an ETF issuer, Bernie identified fundamental issues in how index and ETF data was represented across the industry. This led him to found Ultumus in 2016, building solutions for ETF primary market operations. Under his leadership, Ultumus has grown into a market leader serving major financial institutions globally, with its ETF Order Management System (OMS) supporting create and redeem workflows worldwide and its PCF platform calculating and distributing portfolio composition files for ETF issuers across every major market.

Bernie sold Ultumus to SIX Group in 2021, where it continues to expand across Europe, North America, and Asia-Pacific. Known for building lasting teams and leveraging cutting-edge technology, Bernie is focused on establishing Ultumus as the backbone of the global index and ETF industry through standardisation and automation.

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