Latest news with #ExchangeTradedFund
Economic Times
5 days ago
- Business
- Economic Times
NFO Update: SBI Mutual Fund launches Nifty 1D Rate Liquid ETF
SBI Mutual Fund has announced the launch of SBI NIFTY 1D Rate Liquid ETF – Growth, an open-ended Exchange Traded Fund replicating/tracking NIFTY 1D Rate Index with a relatively low-interest rate risk and relatively low credit risk. The new fund offer or NFO of the fund is open for subscription and will close on August 7. The fund will re-open for continuous sale and repurchase within five business days from the date of allotment. Also Read | Nifty slips into consolidation: What is the right strategy for mutual fund investors now? The investment objective of the scheme is to generate returns, before expenses, that correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error. The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in Tri-Party REPOs, Repo in Government Securities, Reverse Repos and any other similar overnight instruments as may be provided by RBI and approved by SEBI and up to 5% in cash and cash equivalents. The fund manager is Jignesh Shah. The fund will be benchmarked against NIFTY 1D Rate Index. The maximum total expense ratio (TER) permissible under Regulation 52 (6) (b) is upto 1%Currently, there are no plans under the Scheme. The scheme offers only growth option. The exit load is nil. The scheme will track Nifty 1 D Rate Index and will use a 'passive' or indexing approach to endeavour to achieve the scheme's investment objective. The fund manager's endeavor would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the asset allocation of the scheme. Also Read | Axis Mutual Fund message to investors after Viresh Joshi's arrest In case of any deviation from the asset allocation pattern, the portfolio shall be rebalanced by AMC within 7 days from the date of said deviationThe fund is suitable for investors seeking short term income solutions and want investment in securities covered by NIFTY 1D Rate index. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Cision Canada
31-07-2025
- Business
- Cision Canada
Mackenzie Investments Announces Revised July 2025 Distributions for Three Exchange Traded Funds Français
TORONTO, July 31, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced a revision to the July 2025 cash distributions for three Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange ("TSX"). Please note that this is a correction to the July 2025 cash distributions previously announced on July 25, 2025 for the below listed ETFs. Unitholders of record on August 1, 2025, will receive cash distributions payable on August 11, 2025. Details of the revised per-unit distribution amounts are as follows: Further information about Mackenzie ETFs can be found at Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. About Mackenzie Investments Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $224 billion in assets under management as of June 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $283 billion in total assets under management and advisement as of June 30, 2025. For more information, visit
The Star
17-07-2025
- Business
- The Star
Analysis-Institutional investors warm to crypto but demand still nascent
NEW YORK (Reuters) -Bitcoin's surge to a record this week has reignited questions about the role institutional investors are playing in pushing it higher, with analysts suggesting their role is still in its infancy. The world's largest cryptocurrency earlier this week surged to a record above $123,000, receiving a boost on the expectation of pro-crypto policies from Washington. While buzz around digital assets has increased, there is room for demand from institutional investors to grow as pension funds and other long-term buyers add bitcoin to their portfolios, analysts say. "We're still in the early innings when it comes to institutional ownership," said Adrian Fritz, head of research at 21Shares, a digital assets investment firm, adding that retail investors still dominate crypto markets. Less than 5% of all spot bitcoin Exchange Traded Fund assets are held by long-term investors such as pension funds and endowments, with another 10% to 15% owned by hedge funds or wealth management firms, Fritz calculates. The latter group of wealth managers, however, often buy these funds on behalf of high-net worth retail clients, and the bulk of ETF ownership remains retail, he said. There is a correlation between soaring retail purchases of crypto ETFs and crypto-related stocks and a run-up in prices, according to estimates from Vanda, a financial research firm. The data shows retail buyers bought heavily in late 2024 when prices surged after Donald Trump - who has vowed to be a "crypto president" won the U.S. election - as well as during the recent rally. Crypto buyers have been aided by a series of bills U.S. lawmakers are expected to pass this week, the most consequential of which - known as the Genius Act - will define the rules around stablecoins, a fast-growing area of the crypto market. The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, paving the way for the first U.S. federal law for digital assets. Some large U.S. lenders, including Bank of America and Citigroup, are also working on launching stablecoins. Another bill will provide regulatory clarity by formally establishing definitions of digital commodities and spelling out the roles of agencies in overseeing digital assets. This could make it easier for institutions that have long avoided the sector to invest. Simon Forster, global co-head of digital assets at trading platform operator and data provider TP ICAP, predicts the number of institutions active in crypto will grow by 2026, including pensions and other buy-and-hold firms. "By definition, they will be the slowest (to enter crypto)," Fritz said. BITCOIN TREASURY BUYING Analysts say data, although patchy given how opaque crypto markets remain, points to the growing role of bitcoin treasury companies in boosting demand. These are listed companies such as Strategy and GameStop, that initially focused on software and videogame retailing respectively but now emphasize owning and making money on bitcoin positions held on their balance sheets in place of cash, gold or ultra-short Treasury securities. Strategy's shares have soared in the past year, far outpacing the rise in bitcoin, with many investors seeing the stock as a way to get exposure to crypto while investing in mainstream financial markets. Juan Leon, research analyst at Bitwise Asset Management, said these companies' ability to buy bitcoin suggests they represent a bigger source of recent demand than pension, endowment and hedge funds that are major players in stock and bond markets. Strategy and GameStop did not respond to requests for comment. Since July last year, public companies worldwide collectively have increased their bitcoin holdings by 120% and now hold just over 859,000, or 4%, of the total 21 million bitcoin that will ever be in existence, said Simon Peters, crypto analyst at investment platform eToro. Companies are also selling common stock, preferred shares and convertible securities to raise funds to spend on boosting their bitcoin holdings, in a bid to replicate Strategy's outsized stock gains. The new wave of U.S. legislation could also pave the way for more listed companies to allocate a portion of their cash reserves to crypto tokens, said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Analysts warn, however, that a drop below $90,000 for bitcoin could put half of these corporate treasuries underwater. Demand for crypto ETFs has also been rising in recent months. Global net inflows into crypto exchange-traded products hit $4 billion last week, the highest so far this year, according to data from crypto firm Bitwise. Among the big institutional investors to have made public their investments in crypto ETFs in the past 18 months are the State of Wisconsin Investment Board, Abu Dhabi's Mubadala sovereign wealth fund and hedge fund Millennium Management, regulatory filings show. So far this year, bitcoin has gained around 25%, compared with the S&P 500 index's 6.5% gain. Ether, another cryptocurrency has climbed 2%, while XRP is up nearly 40%. The crypto sector's market capitalization now stands at $3.8 trillion, up nearly 66% since before the U.S. election in November, according to CoinMarketCap. (Reporting by Suzanne McGee in New York and Niket Nishant and Manya Saini in Bengaluru; Editing by Tommy Reggiori Wilkes, Megan Davies and Deepa Babington)
Yahoo
15-07-2025
- Business
- Yahoo
Nomura (NMR) Lists New US Treasury ETF in Japan
Nomura Holdings, Inc. (NYSE:NMR) is one of the 13 Best Japanese Stocks to Buy According to Hedge Funds. On June 25, Nomura Holdings, Inc. (NYSE:NMR) reported that the group's core company within the Investment Management Division, Nomura Asset Management Co., Ltd., has launched a new exchange-traded fund (ETF). In its report, Nomura Holdings, Inc. (NYSE:NMR) explained that this ETF, named 'NEXT FUNDS Bloomberg US Treasury Bond (7-10 year) Index (75% Yen-Hedged) Exchange Traded Fund' is now listed on the Tokyo Stock Exchange (TSE), and investors can trade it through securities dealers and traders in Japan. A young man in front of a mural of financial services, representing the new generation of investors. The ETF is designed to follow the Bloomberg US Treasury 7-10 Year Index TTM JPY Currency 75% Hedged. It tracks the performance of US Treasury bonds with maturities between seven and ten years. The index is based on Japanese yen (JPY) and uses a 75% currency hedge to allow investors to invest in US Treasury bonds while also reducing some risks that come with currency fluctuations. Nomura Holdings, Inc. (NYSE:NMR) is a Japanese financial services holding company that specializes in wealth management, investment management, banking, and global research. While we acknowledge the potential of NMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Wire
16-06-2025
- Business
- Business Wire
Introducing TNGY, the Tortoise Energy Fund, an ETF Designed for Today's Energy Income Opportunities
OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, is today unveiling the newest addition to its growing lineup of energy-focused Exchange Traded Fund (ETF) solutions with the start of trading of the Tortoise Energy Fund (TNGY). 'The U.S. energy market is undergoing a period of rapid transformation... TNGY arrives as the modern solution to accessing the growth, yield and diversification potential inherent in modern energy investing," Tom Florence, CEO of Tortoise Capital. TNGY is the end result of a conversion process which saw the Tortoise Energy Infrastructure and Income Fund, a mutual fund, first consolidate all of its share classes and then convert into an actively managed ETF. The active management component of TNGY is key as the modern energy sector is far greater in scope and complexity than it was at the time many of the large, legacy energy income solutions first came to market. 'What was once a concentrated crude oil trade has evolved into a diversified ecosystem of real assets, spanning natural gas, utilities, liquified natural gas (LNG) terminals, pipelines, and oil export infrastructure. However, most energy ETFs remain narrowly focused, heavily weighted towards oil majors or highly constrained sector exposures, having little to no flexibility to adapt as macro and sector dynamics shift,' said Matt Sallee, Head of Investments with Tortoise Capital. 'As the U.S. solidifies its position as the world's leading energy producer and exporter, new opportunities for diversification and income are quickly emerging, and delivering exposure to those opportunities is precisely what we're providing with TNGY.' Focusing on what energy has become, not what it once was, TNGY is designed to focus on three key investor priorities: Income – TNGY seeks to deliver an above-market distribution yield via exposure to equity dividends, energy-related credit, and covered call income. The ETF will not deliver a K-1 and is RIC-qualified, avoiding the double tax burden of a C-Corp. structure; Diversification – Unlike oil-heavy sector funds, TNGY is designed to provide balanced exposure across the energy value chain, including upstream, midstream, downstream, power and utilities; and Flexibility – TNGY has the ability to shift between equity and fixed income, to overweight sectors as opportunities arise, and to reduce exposure to rate-sensitive assets when conditions change. The fund is able to adjust its fixed income exposure to anywhere from 0% to 50% of the portfolio, enhancing its adaptability across full market cycles. 'The flexible approach underpinning TNGY helps it stand out from its energy-income peers, but what truly matters for any actively managed product is just who is doing the active managing. The portfolio team behind TNGY has managed energy strategies through every major market cycle of the past 15 years. Through times of calm and times of crisis, the team remained focused on cash-generative infrastructure, disciplined risk management, and delivering income while avoiding excessive drawdowns,' added Mark Marifian, Head of Product with Tortoise. 'We're very excited to now have that same team and that same process available via the tax-efficient, highly liquid ETF wrapper and for that ETF to already be available on numerous major wealth platforms following this conversion.' 'One of the defining themes in investing over the past decade has been the rise of the ETF as the dominant technology in delivering the most compelling investment ideas and strategies,' said Tom Florence, CEO of Tortoise Capital. 'At the same time, as we look to the future in energy, we see two defining themes shaping the sector for the decade to come. First, the 'age of electricity,' just now getting underway, will be driven by data center growth, electrification, and grid modernization. Second, rising natural gas and LNG demand as globally scalable, lower-emission fuels will anchor U.S energy exports.' 'As investing has been transformed by ETFs, so too is the U.S. energy market undergoing a period of rapid transformation,' Florence added. 'TNGY is at the nexus of all of this change and arrives as the modern solution to accessing the growth, yield and diversification potential inherent in modern energy investing.' To learn more about TNGY and Tortoise Capital please visit About Tortoise Capital With approximately $8.9 billion in assets under management as of May 31, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered investment adviser who manages funds that invest primarily in publicly traded companies in the energy and power infrastructure sectors—from production to transportation to distribution. For more information about Tortoise Capital, visit Disclosures Nothing in this press release should be considered a solicitation to buy or an offer to sell any shares of the portfolio in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Before investing in the funds, investors should consider their investment goals, time horizons and risk tolerance. The funds' investment objective, risks, charges and expenses must be considered carefully before investing. The statutory prospectuses and the summary prospectuses (click here) contain this and other important information about the funds. Copies of the funds' prospectus may be obtained by calling 855-994-4437 or by emailing info@ Read it carefully before investing. Shares of exchange-traded funds (ETFs) are not individually redeemable and owners of the shares may acquire those shares from the ETF and tender those shares for redemption to the ETF in Creation Units only, see the ETF prospectus for additional information regarding Creation Units. Investors may purchase or sell ETF shares throughout the day through any brokerage account, which will result in typical brokerage commissions. Investing involves risk. Principal loss is possible. The fund is registered as a non-diversified, open-end management investment company under the 1940 Act. Accordingly, there are no regulatory limits under the 1940 Act on the number or size of securities that we hold, and we may invest more assets in fewer issuers compared to a diversified fund. An investment in MLP securities involves some risks that differ from the risks involved in an investment in the common stock of a corporation, including risks relating to the ownership structure of MLPs, the risk that MLPs might lose their partnership status for tax purposes and the risk that MLPs will not make distributions to holders (including us) at anticipated levels or with the expected tax character. The fund's strategy of concentrating its assets in the power and energy infrastructure industries means that the performance of the fund will be closely tied to the performance of these particular market sectors. We may invest a portion of our assets in fixed income securities rated 'investment grade' by nationally recognized statistical rating organizations ('NRSROs') or judged by our investment adviser, Tortoise Capital Advisors, L.L.C. (the 'Adviser'), to be of comparable credit quality. Non-investment grade securities are rated Ba1 or lower by Moody's, BB+ or lower by S&P or BB or lower by Fitch or, if unrated, are determined by our Adviser to be of comparable credit quality. Investments in the securities of non-U.S. issuers may involve risks not ordinarily associated with investments in securities and instruments of U.S. issuers, including different accounting, auditing and financial standards, less government supervision and regulation, additional tax withholding and taxes, difficulty enforcing rights in foreign countries, less publicly available information, difficulty effecting transactions, higher expenses, and exchange rate risk. Restricted securities (including Rule 144A securities) are less liquid than freely tradable securities because of statutory and contractual restrictions on resale. This lack of liquidity creates special risks for us. Rule 144A provides an exemption from the registration requirements of the Securities Act of 1933 (the '1933 Act'), for the resale of certain restricted securities to qualified institutional buyers, such as the fund. We cannot guarantee that our covered call option strategy will be effective. There are several risks associated with transactions in options on securities. For example, the significant differences between the securities and options markets could result in an imperfect correlation between these markets. Certain securities may trade less frequently than those of larger companies that have larger market capitalizations. Risks include, but are not limited to, risks associated with companies owning and/or operating energy pipelines, as well as master limited partnerships (MLPs), MLP affiliates, capital markets, terrorism, natural disasters, climate change, operating, regulatory, environmental, supply and demand, and price volatility risks. The tax benefits received by an investor investing in the fund differ from that of a direct investment in an MLP by an investor. The value of the fund's investment in an MLP will depend largely on the MLP's treatment as a partnership for U.S. federal income tax purposes. If the MLP is deemed to be a corporation then its income would be subject to federal taxation, reducing the amount of cash available for distribution to the fund which could result in a reduction of the fund's value. Investments in non-U.S. companies (including Canadian issuers) involve risk not ordinarily associated with investments in securities and instruments of U.S. issuers, including risks related to political, social and economic developments abroad, differences between U.S. and foreign regulatory and accounting requirements, tax risk and market practices, as well as fluctuations in foreign currencies. The fund invests in small and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility than larger companies. Shares may trade at prices different than net asset value per share. Diversification does not assure a profit or protect against a loss in a declining market. Tortoise Capital Advisors, LLC is the advisor to the Tortoise Energy Fund. Quasar Distributors, LLC, distributor
