Latest news with #NYSEArca
Business Upturn
5 days ago
- Business
- Business Upturn
Amplify ETFs Announces Net Asset Value Adjustment for the Breakwave Tanker Shipping ETF (BWET)
CHICAGO, July 25, 2025 (GLOBE NEWSWIRE) — Amplify ETFs today announced that the net asset value (NAV) of the Breakwave Tanker Shipping ETF (BWET) was increased by $0.1465 per share on July 23, 2025. This adjustment is a result of a security pricing error in calculating the Fund's NAV. Fund Ticker (NYSE Arca) Revised NAV (07/23/2025) Original NAV (07/23/2025) Change (%) Breakwave Tanker Shipping ETF BWET $10.8364 $10.6899 +1.37% The adjustment represents a one-time correction and no additional NAV changes are anticipated. For more information about the Breakwave Tanker Shipping ETF (BWET), visit About Amplify ETFs Amplify ETFs, sponsored by Amplify Investments, has over $12 billion in assets across its suite of ETFs (as of 6/30/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more, visit Carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. Investing in freight futures can be volatile and is not suitable for all investors. . The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder. An investment in the Fund involves significant risks. You could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund invests solely in Freight Futures. Such concentration may result in a high degree of volatility in the net asset value of the Fund under specific market conditions and over time. Futures are speculative and the value of the Shares of the Fund relates directly to the value of, and realized profit or loss from, the Freight Futures and other assets held by the Fund, and fluctuations in price could materially affect the Fund's shares. Investments in freight futures typically fluctuate in value with changes in spot charter rates. Charter rates for tanker vessels are volatile and although they have increased from historically low levels, there is no guarantee that shipping rates for crude and refined products will remain at such elevated levels. The Fund will not take defensive positions to protect against declining freight rates, which could cause a decline to the value of the Fund's shares. Although the Fund's shares are listed and traded on the NYSE Arca, there can be no guarantee that an active trading market for the shares will be maintained. If an investor needs to sell shares at a time when no active trading market for them exists, the price the investor receives upon sale of the shares, assuming they were able to be sold, likely would be lower than if an active market existed. Breakwave Advisors LLC ('Breakwave') is a registered 'commodity trading advisor' with the NFA and will act as such for the Fund. Breakwave specializes in shipping and freight investments. Amplify Investments LLC, the Sponsor, serves as the 'commodity pool operator' to the Fund and is registered in such capacity with the NFA. Amplify ETFs are distributed by Foreside Fund Services, LLC. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Wire
7 days ago
- Business
- Business Wire
First Trust Announces Upcoming CUSIP Change for FT Confluence BDC & Specialty Finance ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ('FTA') announced yesterday that the Board of Trustees of First Trust Exchange-Traded Fund VIII, on behalf of FT Confluence BDC & Specialty Finance ETF (the 'Fund'), an actively-managed exchange-traded fund (NYSE Arca: FBDC), approved a 1-for-5 reverse share split. After the reverse share split, the Fund's shares will continue to trade under the same ticker symbol, FBDC. The Fund's current CUSIP number (33740F110) will be replaced by a new CUSIP number (33744U303) at the time of the reverse share split. FTA currently anticipates the reverse share split will be effective as of the opening of business on NYSE Arca on or about August 4, 2025, subject to all regulatory requirements and other conditions being satisfied. The Fund is an actively managed ETF that seeks to provide a high level of current income, with a secondary objective of attractive total return. The Fund pursues these investment objectives by investing in business development companies and other specialty finance companies that the Fund's investment sub-advisor, Confluence Investment Management LLC ('Confluence'), believes offer attractive opportunities for income and capital appreciation. FTA is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ('FTP'), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $278.7 billion as of June 30, 2025, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. Confluence Investment Management LLC, an SEC registered investment advisor, serves as the investment sub-advisor to the Fund. The Confluence team has more than 600 years of combined financial experience and 400 years of portfolio management/research experience, maintaining a track record that dates back to 1994. As of March 31, 2025, Confluence had $12.7 billion in assets under management and advisement (assets under management = $7.2 billion; assets under advisement = $5.5 billion). This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of the Fund. An investor should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus for the Fund contains this and other important information and is available free of charge by calling First Trust Portfolios L.P. at 1-800-621-1675 or visiting The prospectus should be read carefully before investing.
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Malaysian Reserve
7 days ago
- Business
- Malaysian Reserve
Global X Launches PureCap[SM] Product Suite to Provide Uncapped Sector ETF Exposure
The new suite of ETFs seeks to deliver true market capitalization exposure across five key sectors, addressing rising market concentration trends NEW YORK, July 23, 2025 /PRNewswire/ — Global X Management Company LLC ('Global X'), the New York-based provider of exchange-traded funds (ETFs), today announced the launch of its PureCapSM Suite, a new collection of five sector ETFs providing uncapped, pure market capitalization weighted exposure across the consumer discretionary, communication services, information technology, consumer staples and energy sectors. The launch reflects heightened investor demand for refined sector allocation solutions, driven by growing concentration within five sectors which can impact funds due to regulatory weighting limits. The PureCapSM ETFs apply implementation techniques, including representative sampling, attempting to mimic the index exposure without reducing exposure to leading companies within each sector. This approach may help investors capture the full potential of sectors where uncapped indexes may provide differentiated performance versus capped indexes. 'Investors often think they're getting true sector exposure, but traditional funds limit exposure to the largest companies causing investors' performance to potentially diverge from the true performance of the sector,' said Scott Helfstein, Head of Investment Strategy at Global X. Scott continued, 'these products provide investors a different way to gain sector exposure, aligning their portfolios with how markets have evolved and potentially capturing the upside of the largest stocks in the sector.' The funds seek to capture sector leadership by aligning with the true weight of each sector's largest constituents while benefiting from the potential tax efficiency, liquidity and systematic rebalancing of an ETF. Fund Details Fund Name and Ticker Tracking Index ExpenseRatio Exchange CUSIP / ISIN Global X PureCapSM MSCIConsumer Discretionary ETF(GXPD) MSCI USAConsumerDiscretionaryIndex 0.25 % NYSE Arca 37960A313 / US37960A3133 Global X PureCapSM MSCICommunication Services ETF(GXPC) MSCI USACommunicationServices Index 0.25 % NYSE Arca 37960A297 / US37960A2978 Global X PureCapSM MSCIInformation Technology ETF (GXPT) MSCI USAInformationTechnology Index 0.25 % NYSE Arca 37960A289 / US37960A2895 Global X PureCapSM MSCIConsumer Staples ETF (GXPS) MSCI USAConsumer StaplesIndex 0.25 % NYSE Arca 37960A271 / US37960A2713 Global X PureCapSM MSCI EnergyETF (GXPE) MSCI USA EnergyIndex 0.25 % NYSE Arca 37960A263 / US37960A2630 About Global X Global X was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and over $60 billion in assets under management.[i] While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Risk Management funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $600 billion in assets under management worldwide.[ii] Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam. Important Information This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalized investment advice and should not be used for trading purposes. Please consult a financial advisor professional for more information regarding your investment situation. Investing involves risk, including the possible loss of principal. Investments concentrated in a particular sector tend to be more volatile than the overall market. The PureCapSM ETFs are non-diversified. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Carefully consider the funds' investment objectives, risks, and charges and expenses before investing. This and other information can be found in the funds' full or summary prospectuses, which may be obtained at Please read the prospectus carefully before investing Global X Management Company LLC serves as an advisor to the Global X Funds. The Fund is distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI. Media Contact: Ariel Kouvaras, Sloane PR212-446-1884akouvaras@ [i] Source: Global X ETFs, as of July 8, 2025[ii] Source: Mirae Asset, as of December 31, 2024
Business Wire
22-07-2025
- Business
- Business Wire
First Trust Announces a 1-for-5 Reverse Share Split for FT Confluence BDC & Specialty Finance ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ('FTA') announced today that the Board of Trustees (the 'Board') of First Trust Exchange-Traded Fund VIII (the 'Trust'), on behalf of FT Confluence BDC & Specialty Finance ETF (the 'Fund'), an actively-managed exchange-traded fund (NYSE Arca: FBDC), approved a 1-for-5 reverse share split. The reverse share split will result in every five outstanding shares of the Fund being converted into one share of the Fund, with any resulting fractional shares of the Fund being paid out in cash to the beneficial shareholder. As a result of the reverse share split, the price per share of the Fund will increase by approximately five-times its price immediately prior to the split and the number of the Fund's total shares outstanding will correspondingly decrease. Subject to the payment of cash for fractional shares, once the reverse share split is complete, each shareholder's account will reflect approximately one-fifth fewer Fund shares with a net asset value per share that reflects the combined shares and the reverse share split will not change the total value of a shareholder's investment in the Fund. While the reverse share split itself is not expected to be a taxable event to shareholders, receipt of cash in lieu of fractional shares may cause some shareholders to realize gains or losses, and shareholders are encouraged to consult their own tax advisors regarding any specific implications. The Fund's shares will continue to trade under the same ticker symbol, FBDC. The Fund's current CUSIP number (33740F110) will be replaced by a new CUSIP number that is yet to be determined, but will be announced once available. FTA currently anticipates the reverse share split will be effective as of the opening of business on NYSE Arca on or about August 4, 2025, subject to all regulatory requirements and other conditions being satisfied. The Fund is an actively managed ETF that seeks to provide a high level of current income, with a secondary objective of attractive total return. The Fund pursues these investment objectives by investing in business development companies and other specialty finance companies that the Fund's investment sub-advisor, Confluence Investment Management LLC ('Confluence'), believes offer attractive opportunities for income and capital appreciation. FTA is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ('FTP'), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $278.7 billion as of June 30, 2025, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. Confluence Investment Management LLC, an SEC registered investment advisor, serves as the investment sub-advisor to the Fund. The Confluence team has more than 600 years of combined financial experience and 400 years of portfolio management/research experience, maintaining a track record that dates back to 1994. As of March 31, 2025, Confluence had $12.7 billion in assets under management and advisement (assets under management = $7.2 billion; assets under advisement = $5.5 billion). This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of the Fund. An investor should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus for the Fund contains this and other important information and is available free of charge by calling First Trust Portfolios L.P. at 1-800-621-1675 or visiting The prospectus should be read carefully before investing.
Irish Post
22-07-2025
- Business
- Irish Post
Dublin Stock Exchange considering extended trading hours
EURONEXT Dublin has said it does not see an immediate need to extend its trading hours, but is paying attention to growing international momentum toward longer or near-24-hour trading windows. The exchange, which operates from 8am to 4:30pm, is maintaining its current schedule while continuing to consult with market participants on the issue. 'Euronext is continuously engaging with its clients on the extension of trading hours, and no clear consensus is yet emerging,' the company said. 'Some participants are more in favour of shortening the number of trading hours.' The London Stock Exchange, which shares the same operating hours as Dublin, is considering 24-hour trading, according to a report in the Financial Times. In the United States, major exchanges are actively pushing for longer hours. The New York Stock Exchange has proposed extending trading on its NYSE Arca platform to 22 hours a day. Nasdaq and the Cboe options exchange are also planning to expand their trading windows, and the Securities and Exchange Commission has given preliminary approval for the launch of a new venue, the 24X National Exchange, that would trade almost continuously. Euronext Dublin, previously the Irish Stock Exchange, was acquired by the pan-European operator Euronext in 2018. It now forms part of a group that also includes exchanges in Amsterdam, Brussels, Lisbon, Milan, Oslo, and Paris. The Dublin market is used by over 4,000 issuers from more than 85 countries and lists over 35,000 securities. It plays a significant role in the Irish economy, with a 2014 study by Indecon estimating that the domestic securities industry supported 2,100 jobs and contributed €207 million annually in direct economic impact, including €230 million in direct tax revenue. While Euronext has not made changes to its main equity trading window, it does already provide extended hours in some market segments. For example, warrants and certificates can be traded until 10pm Central European Time (CET), and after-hours equity trading is available until 8:30pm CET. CET is two hours ahead of Irish time. The company added, 'Given that there is no consensus among industry participants on buy-side, sell-side and industry associations, Euronext doesn't see an immediate need to take action to review its overall trading hours.' Euronext has also been advocating for changes to post-trade infrastructure as part of a wider industry move toward T+1 settlement, where trades settle one day after execution rather than the standard two. This would bring European markets closer to the direction being taken by the US. The push for longer trading hours globally is partly driven by increased retail investor activity via mobile platforms like Robinhood, Charles Schwab and Webull, as well as by the 24/7 nature of cryptocurrency markets. According to Nasdaq's head of marketplace technology, Magnus Haglind, demand for extended trading is currently concentrated in US markets, but 'we see across our global client base that it's an emerging trend that is likely to spread across other markets.' However, some market participants have raised concerns about the implications of near-continuous trading. One risk is that large institutional investors could act on information during extended hours, leaving smaller shareholders exposed to sudden price movements while markets are less liquid and many investors are offline. Euronext Dublin remains open to adjusting its hours in the future but has made clear that any decision would be client-driven.
