Innovator Adds Nov. Buffer ETF Lineup

Innovator ETFs today added to its lineup of defined outcome ETFs with another trio of funds that provide downside protection while limiting the upside investors can realize. The funds reset their buffers and adjust their upside caps on an annual basis. The funds each charge an expense ratio of 0.79% and list on Cboe Global Markets, the parent company of ETF.com. The funds are all actively managed but seek to replicate the performance of the S&P 500 Price Index using flexible exchange (FLEX) options on the index. The funds, their…

State Street Cuts ETF Fees, Adds To ‘Portfolio’

Today State Street Global Advisors announced it has rebranded seven of its existing funds to include them in their family of low-cost core ETFs, known as the “Portfolio” ETFs. Seven funds were given new names, tickers and, in some cases, expense ratios. This brings the total number of ETFs in the SPDR Portfolio family to 22. Changes take effect Monday, Sept. 23. The affected funds are shown in the below table:     The fee reductions range from 0 to 20 basis points in size, with the largest for the…

Pacer Exploits Its Edges | ETF.com

Pacer Financial got into the ETF business—almost by accident—in 2015, and has since built up to a judiciously launched lineup of 20 ETFs with $4.8 billion in assets under management. Its largest fund is the $2.6 billion Pacer Trendpilot U.S. Large Cap ETF (PTLC). Here, ETFR speaks with Sean O’Hara, president of Pacer ETFs, about how a well-known distributor broke into the ETF space and established a multibillion-dollar fund family.   Source: FactSet, data as of 9/9/2019 ETF.com: Why did Pacer get into the ETF space? Sean O’Hara: Our initial…

Target Maturity Bond ETF Family Expands

Yesterday, Invesco added two more ETFs to its lineup of BulletShares target maturity fixed income ETFs. The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and the Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) join 22 existing funds that fall under the BulletShares brand. Both funds list on the NYSE Arca. BSCT comes with an expense ratio of 0.10% and BSJR charges 0.42%—the same expense ratios as the other corporate bond and high-yield bond ETFs in the family, respectively. The BulletShares ETFs primarily invest in U.S. dollar-denominated fixed income…

Vegan ETF Launches | ETF.com

[Editor’s note: Today we reported that the U.S. Global GO Gold and Precious Metal Miners ETF (GOAU) had closed. However, that information was incorrect, and GOAU remains listed and actively trading. We apologize for any inconvenience.] Two exchange-traded products focused on the issue of climate change did launch this morning. The U.S. Vegan Climate ETF (VEGN) and the iPath Series B Carbon ETN (GRN), however, have different approaches. While VEGN focuses on equities of companies that are not detrimental to animals, humans or the planet, GRN tracks the price of…