Nasdaq Stock Market hosted 24 new exchange-traded product listings and one switch in the third quarter of 2016, representing 35% of new ETP listings and switches across all US exchanges. Twelve of the new ETP listings during the quarter track a Nasdaq index.
Jeff McCarthy, Vice President and Head of ETP Listings at Nasdaq.
The listing and switching activity brings Nasdaq’s total number of ETPs on exchange to 295.
Jeff McCarthy, Vice President and Head of ETP Listings at Nasdaq, commented: “Nasdaq’s expanding portfolio of ETP listings reinforces our commitment to helping issuers list new products and grow. During the quarter, we had the opportunity to collaborate with a myriad of issuers on all aspects of an ETP’s lifecycle, including market maker support, index creation and calculation, regulatory guidance, marketing and investor outreach.”
The details of Nasdaq’s new ETP activity during Q3 2016 are outlined below:
September
First Trust launched two actively managed funds that seek to provide income by investing primarily in closed-end funds.
– First Trust CEF Income Opportunity ETF (FCEF)
– First Trust Municipal CEF Income Opportunity ETF (MCEF)
Highland Capital Management switched the primary listing location of the Highland/iBoxx Senior Loan ETF (SNLN).
Invesco PowerShares launched the PowerShares Variable Rate Investment Grade Portfolio (VRIG), an actively managed fund with diversified exposure to multiple fixed income asset classes.
Principal Investments launched the Principal US Small Cap Index ETF (PSC), a smart beta fund that provides exposure to companies within the Nasdaq US Small Cap Index that exhibit high degrees of sustainable shareholder yield, pricing power, and strong momentum.
First Trust launched a suite of seven new smart beta funds tracking Nasdaq US Smart Sector Indices, over-weighting constituents with greater historical exposure to value, growth, and low volatility characteristics.
– First Trust Nasdaq Bank ETF (FTXO)
– First Trust Nasdaq Food & Beverage ETF (FTXG)
– First Trust Nasdaq Oil & Gas ETF (FTXN)
– First Trust Nasdaq Pharmaceuticals ETF (FTXH)
– First Trust Nasdaq Retail ETF (FTXD)
– First Trust Nasdaq Semiconductor ETF (FTXL)
– First Trust Nasdaq Transportation ETF (FTXR)
Elkhorn Investments launched the Elkhorn Commodity Rotation ETF (DWAC), the first commodity fund using Dorsey, Wright & Associates relative strength methodology. The ETF provides equal-weighted exposure to the five commodities (out of a potential universe of 21) which display the strongest relative momentum on a month-to-month basis.
Global X launched three thematic funds targeting emerging technological trends including robotics and artificial intelligence, financial technology, and the internet of things.
– Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)
– Global X FinTech Thematic ETF (FINX)
– Global X Internet of Things Thematic ETF (SNSR)
August
PureFunds launched two ETFs that track the healthcare technology and financial technology sectors.
– PureFunds ETFx HealthTech ETF (IMED)
– PureFunds Solactive FinTech ETF (FINQ)
Principal Investments launched two thematic funds focusing on millennial spending habits and healthcare innovation.
– Principal Millennials Index ETF (GENY)
– Principal Healthcare Innovators Index ETF (BTEC)
Virtus launched the iSectors Post-MPT Growth ETF (PMPT), an actively managed fund that aims to optimize investor return and minimize downside risk.
July
Invesco PowerShares launched the PowerShares DWA Momentum & Low Volatility Rotation Portfolio (DWLV), which uses Dorsey, Wright & Associates’ relative strength methodology to invest in up to eight PowerShares exchange-traded funds, each offering a targeted exposure to a single asset class.
FlexShares launched two sustainable investing funds.
– FlexShares STOXX US ESG Impact Index Fund (ESG)
– FlexShares STOXX Global ESG Impact Index Fund (ESGG).
Global X launched the Global X Conscious Companies ETF (KRMA), a fund that takes a new approach to socially responsible investing, by positively identifying ‘conscious companies,’ which seek positive outcomes for all stakeholders, including their customers, employees, communities, suppliers, and shareholders.