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Tigershares Launches Internet Titans ETF: Portfolio Products

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TigerShares launched its first exchange-traded fund, the TigerShares China-U.S. Internet Titans ETF (TTTN).

TTTN tracks the Nasdaq China US Internet Tiger Index, which was created to represent the performance of internet-related leading companies in China and the U.S. TTTN is offered as a commission-free ETF on Tiger Brokers’ global platform and has an  expense ratio of 0.59%.

“Today, China and the U.S. are homes to a handful of so-called “internet titans,” which are the leading companies involved in a variety of rapidly growing internet-based industries that increasingly impact people’s daily lives across the globe, including e-commerce, cloud, search, social media, artificial intelligence, travel services, streaming media, online gaming, and more,” Yang Xu, CEO of TigerShares said in a statement. “The most successful internet titans enjoy first-mover advantages, scale economies, and brand dominance across multiple, high-growth categories worldwide.”

The Nasdaq China US Internet Tiger Index measures the performance of 20 stocks engaged in internet-related businesses, including the 10 largest publicly-traded Chinese Internet companies and the 10 largest publicly-traded U.S. Internet companies. The index employs a modified market capitalization-weighting methodology, and is rebalanced quarterly.

Some of the globally-recognized stocks in the index include U.S.-based Amazon (7.51%), Alphabet (8.36%), and Facebook (8.17%), and China-based Alibaba (7.69%), Tencent (7.43%), and Baidu (3.97%), as of 10.31.2018.

Amplify ETFs Launches the Amplify BlackSwan Growth & Treasury Core ETF

Amplify ETFs launched a new index-based ETF that seeks uncapped exposure to the S&P 500, while buffering against the possibility of significant losses.

Approximately 90% of the Amplify BlackSwan Growth & Treasury Core ETF (SWAN) will be invested in U.S. Treasury securities, while approximately 10% will be invested in S&P 500 LEAP Options in the form of in-the-money calls.

SWAN seeks investment results that generally correspond to the S-Network BlackSwan Core Total Return Index.

SWAN will invest primarily in historically low-volatility U.S. Treasuries ranging from two- to 30-year durations, which cumulatively match the initial duration of the 10-year note. The remaining assets will be utilized to purchase “in-the-money” calls, with a strike price below the current price on the S&P 500.

SWAN capitalizes on the frequently negative correlation between Treasury bonds and U.S. stocks during periods of market volatility, creating a portfolio that offers exposure to equity returns with a downside buffer in one ETF. It has an expense ratio of 0.49%.

Trium UCITS To Launch Long/Short Credit Strategy In Partnership With Ellington

Trium Capital, the London-based independent specialist alternative asset manager, is partnering with Ellington Global Asset Management to launch. a long/short credit UCITS fund

The Ellington Trium Alternative Credit UCITS Fund is set to be launched this quarter and will be seeded by the partners of Ellington.

The new Ellington Trium Alternative Credit UCITS Fund strategy will leverage Ellington’s expertise in RMBS, CMBS, CLOs and corporate credit relative value strategies. Ellington’s deep trading experience and proprietary models allow the group to seek to capture value in assets overlooked by other managers.

Founded in 1994, Ellington has experience managing portfolios for multiple UCITS, specifically acting as a sub-manager for a credit long/short mandate within a large multi-manager UCITS since August 2015.

Established in December 2014, Trium UCITS was rolled out to capitalize on the momentum alternative UCITS has gained among investors in Europe and beyond over the past decade.

BondView Releases Fintech Solution to Assist Mutual Funds 

BondView launched today a fintech platform to assist mutual funds with the challenge of setting and monitoring Highly Liquid Investment Minimums (HLIM) as prescribed under the new SEC rule 22e-4.

The SEC defines HLIM as the minimum amount of the fund’s net assets that must be invested in highly liquid investments to ensure that they are prepared to meet redemption requests without significant dilution of remaining investors’ interests. In determining HLIM, a fund is required to consider investment strategy and cash flow factors as they apply during both normal and reasonably foreseeable stressed conditions.

BondView’s LiquidityRisk, which  will initially be available for municipal bond funds, provides Implied HLIM targets based on actual historical redemption data. Fund management can review the real-world performance of both their specific fund and its peer group over varying historical periods. Peer group members can be filtered by fund size to ensure that smaller sized funds are fairly assessed when compared with larger funds.

The tool also has several customization options for funds to fine tune HLIM based on their specific circumstances as required under the rule, including the application of available credit facilities designed to better manage short term liquidity

— Read last week’s portfolio product roundup here: Are You Vegan and Worried About the Climate? There’s an ETF for That: Portfolio Products


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