Sept. 20, 2022, 2:25 PM
One of the issuers in a race to launch single-stock ETFs that target foreign companies is pulling its application for dozens of funds.
Roundhill Investments sought to withdraw proposals for 33 products it had filed to the Securities and Exchange Commission, according to a Monday document. The planned exchange-traded funds covered major companies currently difficult to access in the US, including Samsung Electronics Co., Saudi Aramco and Tencent Holdings Ltd.
The move to target foreign companies unbound by US listing requirements is a potentially risky shift for single-stock ETFs, which are a new arrival to the American market. The …
