The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Three More Shops Can't Resist ETFs' Allure Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 08, 2017

Three More Shops Can't Resist ETFs' Allure

News summary by MFWire's editors

New and old players alike continue to launch their own ETFs, despite timing issues and their own critiques.

On Wednesday, San Francisco-based ETF strategist Main Management debuted its first ever ETF, naturally a fund of funds. The fund, the Main Sector Rotation ETF (SECT), lists on Bats and is built on Main's founding strategy, the "Main Management Active Sector Rotation Strategy", Main's Luke King (managing director of trading and business development) tells ETF.com.

Meanwhile, on Wednesday the NYSE withdrew its SEC application to list the EtherIndex Ether Trust ETF, after EtherIndex amended the filing two weeks before the SEC was set make a decision on approving or denying the application. Yet EtherIndex chief financial officer Joseph Quintilian (also partner at futures trading firm Axiom Markets) tells Reuters that this is just a delay, "a timing issue," and that the company will refile as soon as there are "the appropriate developments in the marketplace." Ether is a cryptocurrency, like Bitcoin, that is tied to Blockchain.

Also this week, Bloomberg reports that ETF critic Mark Yusko of Morgan Creek Capital Management is himself getting into the ETF business, again. Yusko manages about $2.5 billion (mostly invested in hedge funds, the publication writes), and he has long questioned rules-based ETFs that have "no ability to think". Yusko is teaming up with AdvisorShares [profile] to create an an actively managed ETF that will rotate through his 10 best investment ideas, largely alternative investing ideas. This is actually Yusko's second ETF alliance with AdvisorShares, which in May shuttered the six-year-old AdvisorShares Morgan Creek Global Tactical ETF

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use