ETF Trends
ETF Trends

Nasdaq announced Thursday it listed 24 new exchange-traded products (ETP) listings and one switch in the third quarter, bringing Nasdaq’s total ETP listings to 295.

For Q3, 35 percent of new ETP listings and switches across all U.S. exchanges listed on Nasdaq, and 12 of these new ETP listings in the quarter track a Nasdaq index.

Jeff McCarthy, Vice President and Head of ETP Listings at Nasdaq, said its expanding portfolio of ETP listings reinforced its commitment to helping issuers list new products and grow.

“During the quarter, we had the opportunity to collaborate with a myriad of issuers on all aspects of an exchange-traded product’s lifecycle, including market maker support, index creation and calculation, regulatory guidance, marketing and investor outreach,” McCarthy said.

September highlights:

  • First Trust  launched two actively managed funds that seek to provide income by investing primarily in closed-end funds; they began trading September 28: First Trust CEF Income Opportunity ETF (Nasdaq: FCEF) and  First Trust Municipal CEF Income Opportunity ETF (Nasdaq: MCEF).
  • Highland Capital Management announced it will change the primary listing venue for Highland/iBoxx Senior Loan ETF (Nasdaq: SNLN) to Nasdaq; the switch officially took place Sept. 28, 2016:
  • PowerShares by Invesco launched the actively managed fund PowerShares Variable Rate Investment Grade Portfolio (Nasdaq: VRIG) with diversified exposure to multiple fixed income asset classes; the fund began trading September 22.
  • Principal launched Principal U.S. Small Cap Index ETF (Nasdaq: PSC) that tracks the Nasdaq U.S. Small Cap Select Leaders Index; it began trading September 22.
  • First Trust launched a suite of seven new smart sector funds tracking the Nasdaq U.S. Smart Sector Indexes; they began trading September 21:
    • First Trust Nasdaq Bank ETF (Nasdaq: FTXO)
    • First Trust Nasdaq Food & Beverage ETF (Nasdaq: FTXG)
    • First Trust Nasdaq Oil & Gas ETF (Nasdaq: FTXN)
    • First Trust Nasdaq Pharmaceuticals ETF (Nasdaq: FTXH)
    • First Trust Nasdaq Retail ETF (Nasdaq: FTXD)
    • First Trust Nasdaq Semiconductor ETF (Nasdaq: FTXL)
    • First Trust Nasdaq Transportation ETF (Nasdaq: FTXR)
  • Elkhorn launched the first commodity fund Elkhorn Commodity Rotation ETF (Nasdaq: DWAC) using Dorsey, Wright & Associates, a Nasdaq company’s Relative Strength methodology; trading began September 21:
  • Global X launched three thematic funds targeting emerging technological trends, including Robotics and Artificial Intelligence, FinTech and the Internet of Things; the funds began trading September 13:
    • Global X Robotics & Artificial Intelligence Thematic ETF (Nasdaq: BOTZ)
    • Global X FinTech Thematic ETF (Nasdaq: FINX)
    • Global X Internet of Things Thematic ETF (Nasdaq: SNSR)

August highlights

  • ETF Managers in partnership with PureFunds, launched two funds that track healthcare technology solution providers ; and FinTech companies; the funds began trading August 31: PureFunds ETFx HealthTech ETF (Nasdaq: IMED) and PureFunds Solactive FinTech ETF (Nasdaq: FINQ).
  • Principal launched two thematic funds that track Nasdaq indexes and focus on millennial spending habits and healthcare innovation; they began trading August 22: Principal Millennials Index ETF (Nasdaq: GENY) and Principal Healthcare Innovators Index ETF (Nasdaq: BTEC).
  • Virtus launched actively-managed fund iSectors® Post-MPT Growth ETF (Nasdaq: PMPT) that aims to optimize investor return and minimize the downside risk, the fund began trading August 17.

July highlights:

  • PowerShares by Invesco launched a multi-factor fund whose index PowerShares DWA Momentum & Low Volatility Rotation Portfolio (Nasdaq: DWLV), which is owned and was developed by Dorsey, Wright & Associates; the fund began trading July 14:
  • FlexShares sponsored and managed by Northern Trust, launched two sustainable investing funds; they began trading July 14: FlexShares STOXX® US ESG Impact Index Fund (Nasdaq: ESG) and FlexShares STOXX® Global ESG Impact Index Fund (Nasdaq: ESGG).
  • Global X launched the fund Global X Conscious Companies ETF (Nasdaq: KRMA) that takes a new approach to socially responsible investing (SRI), by positively identifying ‘conscious companies,’ which seek positive outcomes for all stakeholders, including their customers, employees, communities, suppliers, and shareholders; the fund began trading July 12.