London
Tabula, a new European ETF issuer is launching in London
European ETF newcomer Tabula is launching in the coming weeks with its headquarters in London. The company will be headed up by Michael John Lytle and will focus on fixed income products. Mr Lytle was one of the founding partners of Source, which was recently acquired by Invesco. We will publish more on this topic shortly.
Invesco joins floating rate note party
Invesco is set to join the floating rate note ETF party, with a new listing planned on the London Stock Exchange. The Invesco USD Floating Rate Note UCITS ETF (UFLT) will track an index of US dollar-denominated floating rate notes. With this listing, Invesco joins other issuers such as Lxyor, Amundi, and iShares which have floaty trackers listed in London.
USA
Amplify lists actively managed battery ETF
Thematic ETF specialist Amplify Investments is listing a new actively managed ETF that targets new battery technology. The Amplify Advanced Battery Metals and Materials ETF (BATT) will invest in companies engaged “in the production, mining and/or integration or recycling of the metals and materials used in advanced battery technology,” the prospectus says. Materials include lithium, cobalt, nickel, manganese and graphite, and others that are typically used as component compounds for batteries.
The prospectus stresses that active management is necessary “in order to adjust for the rapidly changing market conditions including… evolving battery technology, new demand factors and the availability of certain metals and materials.” BATT will also keep an eye on company valuations and IPOs when considering its holdings.
Companies chosen must have a market cap greater than $100m, and from any emerging or developed economy.
Taiwan
Fuh-Hwa Securities lists smart beta fund
Taipei-based Fuh Hwa is listing a new smart beta ETF that targets low volatility and high paying Taiwanese companies, the Fuh Hwa FTSE Taiwan High Div Low Vol ETF (00732).
First Securities Investment Trust lists anti-elite ETF
First Investment Trust is listing a new ETF that gives the inverse performance of Taiwan’s elite 30 index, the FSITC Taiwan Industry Elite 30 Daily-1X Inverse ETF (00729R).
Cross-listings
Switzerland
Xtrackers II EUR High Yield Corporate Bond UCITS ETF (XHYA)