BlackRock has launched the iShares Factors US Small Cap Value ETF (SVAL, with a 0.30% net expense ratio), which trades on the New York Stock Exchange.
The fund’s introduction comes as investor demand continues to grow for value-oriented strategies, according to the company.
SVAL seeks to track the Russell 2000 Focused Value Select Index tha’s designed to capture the value factor within the U.S. small cap equity universe, BlackRock said. “Using the Russell 2000 as the starting universe, the underlying index screens holdings based on their liquidity, volatility, leverage, and research analyst sentiment.”
The addition of SVAL brings the total number of U.S. iShares Factor exchange-traded funds available to investors to 37, representing $134 billion in assets under management, BlackRock said. More specifically it expands BlackRock’s U.S. listed iShares Single Factor ETF lineup that it says has seen “significant growth due to investors’ appetite for concentrated and precise factor exposure in their portfolios.”
T. Rowe Price ETFs Added to Multiple Platforms
Shares of T. Rowe Price’s new active ETFs are now available to retail investors and advisors commission-free on several major custodial platforms, including E-Trade, Fidelity, Schwab, BNY Mellon | Pershing FundVest and Vanguard.
“Having our ETFs on these popular platforms helps investors and their financial advisors expand access to a variety of investment choices and will bring T. Rowe Price’s longstanding strategic investing capabilities to a wider audience,” according to Steve Larson, the firm’s head of U.S. Intermediaries – Platform Services group.
Included on the platforms are the four active equity ETFs that T. Rowe Price launched Aug. 5: T. Rowe Price Blue Chip Growth ETF (TCHP, with an 0.57% net expense ratio), T. Rowe Price Dividend Growth ETF (TDVG, 0.50%), T. Rowe Price Equity Income ETF (TEQI, 0.54%) and T. Rowe Price Growth Stock ETF (TGRW, 0.52%).
UBS Licenses Alerian, S-Network Indexes for ETNs
UBS has licensed several Alerian and S-Network indexes as the underlying benchmarks for five recently launched exchange-traded notes, according to index provider Alerian.
Those five ETNs are: the ETRACS 1.5X Alerian MLP Index ETN (MLPR), linked to the performance of the Alerian MLP Index (AMZ); ETRACS 1.5X Closed-End Fund ETN (CEFD), linked to the S-Network Composite Closed End Fund Index (CEFX); ETRACS Alerian Midstream Energy ETN (AMNA) tracking the Alerian Midstream Energy Index (AMNA); ETRACS Alerian Midstream Energy High Dividend Index ETN (AMND), linked to the Alerian Midstream Energy Dividend Index (AEDW); and ETRACS Alerian Midstream Energy Total Return ETN (AMTR) tracking the performance of the Alerian Midstream Energy Adjusted Net Total Return Index (AMNTR).
The underlying benchmarks aim to provide investors access to income generation within the midstream energy infrastructure space, along with access to the performance of U.S. closed-end funds, whose principal investment objectives are to produce taxable and tax-advantaged yields, Alerian says.
Interactive Brokers Introduces ESG Investing Tool
Interactive Brokers Group has launched an interactive Impact Dashboard designed to help clients evaluate and invest in companies that align with their values, according to the brokerage firm.
The dashboard is free for all clients and can be used for sustainable, socially responsible and values-based investing, the company says. The launch comes as interest in environmental, social and corporate governance investing is “soaring,” said the company. ESG assets are expected to surpass $53 trillion by 2022, it said, citing recent Celent data.
The Impact Dashboard allows investors to select their personal investment criteria from 13 impact values and principles: Clean Air, Pure Water, Ocean Life, Land Health, Consumer Safety, Ethical Leadership, Gender Equality, Racial Equality, LGBTQ Inclusion, Company Transparency, Sustainable Product Lifecycle, Mindful Business Models and Fair Labor & Thriving Communities.
Clients can also exclude investments based on multiple categories, including animal testing, business ethics controversies, fossil fuels and hazardous waste.
The Impact Dashboard is currently available in beta on the professional-grade Trader Workstation, Client Portal and IBKR mobile app. The company’s robo advisor, Interactive Advisors, launched Socially Responsible Investment portfolios in 2019 and now offers 18 ready-made portfolios.
Roundhill Changes Index Targets for ETF Strategy
The Roundhill Acquirers Deep Value ETF (DEEP, 0.80%), which trades on NYSE, has made a change in its underlying index.
The Acquirers Deep Value Index is now targeting “deeply undervalued small-and-micro cap companies,” according to RIA/ETF sponsor Roundhill Investments and investment firm Acquirers Funds. The index previously focused exclusively on large-cap stocks.
The ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Acquirers Deep Value Index.
— Check out last week’s portfolio product roundup here: WisdomTree Teams With 55ip on Tax-Smart Model Portfolios: Portfolio Products