Ocean Capital Advisors, in partnership with ETF Managers Group, launched the Rogers AI Global Macro ETF (BIKR), a global macro ETF of ETFs that will use artificial intelligence and the multi-decade expertise of Jim Rogers.
BIKR, which has total expenses of 1.18% and 39 holdings currently, seeks to provide an optimally weighted global portfolio based on macroeconomic factors by leveraging the capabilities of AI and Rogers to find, track and project leading economic indicators.
“The internet and artificial intelligence are changing and have changed everything we know including finance and investing; Ocean’s new ETF is part of the same trend,” Jim Rogers, who serves as Ocean’s Chairman, said in a statement.
BIKR’s goal is to achieve long-term capital gains with an emphasis on capital preservation while outperforming recognized global large and mid-cap equity indexes. The fund will invest primarily in global equity markets via U.S. listed single-country ETFs.
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AI analyzes differential periods of volatility seeking indications of a probable shift in market direction, then calculates the magnitude and probability of this variance utilizing its strategy based upon macroeconomic analysis. The weighting decision, determined by AI, is calculated by the cost of opportunity of exiting the equity position compared to maintaining it, depending on the magnitude of the expected change.
E*TRADE Adds 46 ETFs to Commission-Free ETF Lineup, Also Adds New Risk Tools
E*TRADE Financial Corporation surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its commission-free ETF program.
New additions include 32 Vanguard ETFs, in addition to ETFs from Direxion, iShares, Janus Henderson, NuShares, and Reality Shares. A full list of the newly added ETFs is available here.
With these additions, E*TRADE customers can further diversify their portfolio with commission-free domestic, international, fixed income, environmentally conscious, and other specialty equity ETFs.
E*TRADE also announced a significant addition to its suite of trading tools.
The new Risk Slide tool on the OptionsHouse platform aims to make risk management simpler by arming traders with the ability to visualize potential pockets of risk and stress test their portfolio through hypothetical market conditions.
The tool also allows the ability to beta-weight to the S&P 500 Index and see P&L results, as well as view potential P&L numerically and graphically. It can also sort positions by largest or lowest risk levels, expand symbols to reveal risk details on individual positions, and group a selection of positions to understand how they may react to changing market conditions.
Swell Investing Introduces New Impact Investing Offering for Financial Advisors
Swell Investing launched “Swell for Advisors,” expanding access to Swell’s unique approach to impact investing.
Through Swell’s partnership with Folio Institutional, clients of the more than 450 firms on Folio’s institutional platform now have access to Swell’s thematic portfolios.
Swell is an impact investing platform that helps investors invest in equity portfolios that map to the UN Sustainable Development Goals. Each Swell portfolio aligns to one of the 17 UN SDGs.
In addition, each company in Swell’s portfolios derives revenue from its impact theme. Swell focuses not just on how a company conducts its business but what that business is.
Swell uses a Separately Managed Account structure, which allows deselection of companies from the Swell “mix” that don’t align with investors’ values.
Advisors on the Folio Institutional platform access Swell’s portfolios through Model Manager Exchange, a marketplace enabling licensing to hundreds of equity, mutual fund, and ETF models from third-party managers.
Reality Shares Launches China Blockchain ETF
Reality Shares launched a new ETF to give investors access to China-based companies potentially leading the blockchain technology revolution.
The Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA) tracks the Reality Shares Nasdaq Blockchain China Index, which seeks to identify and invest in Chinese companies committing material resources to develop and implement blockchain technology.
The index rebalances semiannually and is comprised of 31 constituents.