Invesco has launched its first active nontransparent exchange-traded funds: the Invesco Focused Discovery Growth ETF (IVDG, with a 0.59% expense ratio); Invesco Real Assets ESG ETF (IVRA, 0.59%); Invesco Select Growth ETF (IVSG, 0.48%); and Invesco US Large Cap Core ESG ETF (IVLC, 0.48%), all listed on the Cboe BZX Exchange.
All four funds seek capital appreciation and IVRA also seeks current income.
IVDG invests in a concentrated portfolio of companies in the early growth phase of their business cycle. IVRA seeks capital appreciation and invests in real asset equities, including real estate, infrastructure, natural resources and timber that meet Invesco’s proprietary environmental, social and governance standards.
IVSG has a concentrated portfolio of large- and mid-cap stocks with attractive growth outlooks relative to their valuation at the time of purchase. IVLC is investing in larger-cap U.S. equities that meet certain ESG standards.
Simplify Rolls Out 4 ETFs
Recently formed RIA Simplify Asset Management has introduced four new ETFs , each with a unique theme: Financial technology; pop culture and media; robotic cars and clean energy; and cloud and cybersecurity.
The new ETFs are the Simplify Volt Fintech Disruption ETF (VFIN, 1.03%); Simplify Volt Pop Culture Disruption ETF (VPOP, 1.03%); Simplify Volt RoboCar Disruption and Tech ETF (VCAR, 1.09%); and Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO, 1.02%), all listed on the New York Stock Exchange.
The company’s thematic ETFs are “designed to be an attractive alternative to watered down thematic ETFs that try to buy every company in a particular theme,” according to Paul Kim, CEO, who co-founded the company in September with David M. Berns, its chief investment officer.
Causeway Launches Concentrated Equity Fund
Causeway Capital Management has introduced the actively managed Causeway Concentrated Equity Fund, which seeks long-term growth of capital.