Amplify ETFs launched an index-based ETF that seeks exposure to international companies expected to benefit from the increased adoption of e-commerce around the world.
The Amplify International Online Retail ETF (XBUY) is a complementary product to the firm’s flagship Online Retail ETF (IBUY). Companies in XBUY’s portfolio fall within the same three e-commerce business segments: marketplace, traditional retail and travel.
“Many of the fastest growing e-commerce markets reside outside of the U.S., primarily in developing countries where mobile devices are stoking demand,” said Christian Magoon, CEO of Amplify ETFs, in a statement. “XBUY presents a compelling opportunity for investors to capitalize on this international growth, a segment where 80% of total online retail sales in 2018 were from countries outside the U.S.”
XBUY seeks investment results that generally correspond to the EQM International Ecommerce Index (XBUYXT). The rules-based index is comprised of a diverse group of non-U.S. companies that generate at least 90% of their revenue from online and virtual retail sales.
XBUY has an expense ratio of 0.69%.
RBC Global Asset Management Reduces Fees for Access Capital Community Investment Fund
RBC Global Asset Management announced fee reductions and a new share class for the Access Capital Community Investment Fund, a fixed income fund providing impact investing opportunities to US investors.
Effective March 11, 2019, RBC GAM will reduce the net expense ratio for ACASX (A-Share) by 15 basis points — from 1.07% to 0.92% — and for ACCSX (I-Share) by 16 basis points — from 0.73% to 0.57%.
RBC GAM has also revised its expense limitation agreement effective March 11 by capping its operating expenses (excluding interest expense) as follows: 0.80% for A-Share and 0.45% for I-Share.
With these changes, RBC GAM will reduce fees for all Access Capital Community Investment Fund shareholders.
Additionally, effective on or about March 11, 2019, the Fund will launch a new share class (IS-Share), which will be primarily available to platforms and intermediaries.
The Access Capital Community Investment Fund is designed for investors seeking a competitive return on high-quality debt securities that support affordable housing and other underlying community development activities in distinct parts of the U.S.
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