Industry veteran Christian Magoon has teamed up with white label exchange-traded fund (ETF) provider Exchange Traded Concepts to launch YieldShares, a newly created ETF sponsor that will focus on income ETFs. The sponsor’s planned debut ETF, the YieldShares High Income ETF (YYY), will track the performance of the ISE High Income Index, an index measuring the performance of 30 closed-end funds, as selected and ranked according to factors designed to result in a portfolio that produces high current income.

International Securities Exchange (ISE) and IndexIQ have announced a broad partnership to develop and launch a range of exchange-traded products (ETPs) linked to physical commodities. While ISE is perhaps best known as a US options exchange, the company has an established index business and recently has manoeuvred itself deeper into the fast-growing ETP industry. The link-up with IndexIQ, a niche provider of alternative ETFs, looks well suited as both companies have a demonstrated pedigree in creating innovative products.