iShares Debuts Style-Based Multifactor ETFs

Today, BlackRock’s iShares arm rolled out a pair of ETFs tracking factor-based versions of the Russell 1000 Index. The iShares Factors US Value Style ETF (STLV) and the iShares Factors US Growth Style ETF (STLG) have underlying indexes derived from the value and growth versions of the Russell 1000, and select companies from the parent indexes that offer exposure to the momentum, quality, value, size and low volatility factors. STLV and STLG both have expense ratios of 0.25% and list on Cboe Global Markets, the parent company of ETF.com. The…

ETF Week: iShares & Newcomer Launch Funds

On Friday, iShares launched a technology fund. The iShares U.S. Tech Breakthrough Multisector ETF (TECB) has an expense ratio of 0.40% and lists on the NYSE Arca. The fund invests in securities in the robotics and artificial intelligence; cybersecurity; cloud and data tech; financial technology; and genomics and immunology, according to its prospectus. Companies included in TECB’s underlying index must meet minimum size and liquidity requirements and fall within specified categories of the FactSet Revere Business Industry Classification System. Meanwhile, The Leuthold Funds rolled out the Leuthold Core ETF (LCR)…

ETF Launches Strong Through Year End

The last few weeks of 2019 were anything but quiet in the ETF space when it came to launches, with products from existing firms as well as newcomers cropping up. There were roughly 250 launches in all of 2019—hardly a record. And closures topped 125—again, not a record, but certainly nothing to sneeze at. There were more than 20 launches during the month of December alone, many of them occurring when you were probably on your holiday vacation. A new issuer called SP Funds rolled out two ETFs, via Tidal…

Active Sector Rotation ETF Debuts

Today Anfield Capital launched an ETF of ETFs that implements a sector rotation strategy. The actively managed Anfield U.S. Equity Sector Rotation ETF (AESR) is the third ETF to launch from Anfield. Regents Park is the fund’s advisor, while Anfield Capital is the subadvisor. AESR comes with an expense ratio of 1.42% and lists on Cboe Global Markets, the parent company of ETF.com. The fund targets broad sectors with the intention of capitalizing on market opportunities and avoiding downturns. The prospectus notes that the fund will likely hold eight to…

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…