The global alternative investment space now sits at more than $9 trillion in global assets, and we’re just getting started. Roughly 40% of RIAs are using alternative investments. With the RIA space expanding and alternative investment demand rising among investors – a surge in data, news, and opinion will continue. This channel cuts through the noise to give you the most important actionable insight.
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free. These companies also have a beneficial impact on the environment and solve certain pressing global problems.
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Sberbank, a leading Russian bank has launched an ETF titled “Sber-Blockchain Economy,” that offers exposure to the top crypto companies across the globe including Coinbase (NASDAQ: COIN) and Galaxy Digital (TSE: GLXY). The ETF tracks the Sber Blockchain Economy Index developed by inhouse company SberCIB, and is the first product of its kind in Russia.
Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed cryptos in an interview with CNBC on Wednesday. “I think it’d be a mistake to ignore this asset class which has looked like the wild west for the last 5 or so years,” said Walthour, who has a 25-year track record in the financial markets.
Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund with over $220 billion of assets under management, does not think that bitcoin could reach some of the more lofty price targets being put about, for example, $1 million. Could bitcoin at all touch those heights, Dalio was asked on an interview with Lex Fridman published Saturday.
Alternative Investments/(non)-ESG: The BAD Investment Company Launches ETF for Betting, Alcohol, Drugs
The BAD Investment Company has launched a new ETF as “an intriguing alternative for a new wave of retail investors who may be frustrated with aspects of the ESG movement.” The BAD ETF tracks the EQM BAD Index (BADIDX).
Tokyo-based financial services company SBI Group (TYO: 8473) has announced the launch of a crypto asset fund that will invest in seven different cryptocurrencies. Touted as “Japan’s first cryptocurrency fund for general investors,” the fund will allow exposure to bitcoin (BTC), ethereum (ETH), polkadot (DOT), chainlink (LINK), litecoin (LTC), xrp (XRP), and bitcoin cash (BCH).
The BNY Mellon Sustainable US Equity ETF (BKUS), BNY Mellon Sustainable International Equity ETF (BKIS) and BNY Mellon Sustainable Global Emerging Markets ETF (BKES) are three new actively managed, sustainable ETFs launched by BNY Mellon Investment Management this week on the New York Stock Exchange.
Alternative Investments/ESG: Goldman Sachs Launches U.S. Large Cap Equity ETF Tracking The Paris Climate Agreement
Earlier this week, Goldman Sachs Asset Management launched the Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (GPAL). The ETF may be attractive to investors seeking equity exposure colored with responsibility towards climate change and carbon emissions in line with Paris Agreement targets.
Valkyrie Funds, LLC announced Wednesday the launch of the Valkyrie Balance Sheet Opportunities ETF (Nasdaq: VBB), an exchange traded fund (ETF) that would invest in forward-looking public companies with exposure to bitcoin.
J.P. Morgan Asset Management (JPMAM) announced Tuesday the launch of its first active, sustainable ETF that will give investors exposure to companies addressing the huge challenge of climate change and are poised to benefit from it. The JPMorgan Climate Change Solutions ETF (TEMP) will invest in companies that are producing less carbon-intensive energy such as wind or solar power; improving the electric grid; investing in less carbon-intensive forms of agriculture, construction, or transportation; or developing technologies to reduce waste.
Global X, a New York-based provider of exchange-traded funds (ETFs), specializes in thematic funds including the U.S. Infrastructure Development ETF (PAVE), Lithium & Battery Tech ETF (LIT), Uranium ETF (URA) and Cybersecurity ETF (BUG). These have attracted some of the largest inflows in the thematic tech space this year. Jay Jacobs, the firm’s senior vice president and head of research and strategy told CNBC’s “ETF Edge” on Monday that the robotics industry could reach a “key inflection point” in 2022.
Digital Assets: Dogecoin (DOGE) On A Moonshot After Musk Says Tesla Will Accept It In Payment For Merchandise
“Tesla will make some merch buyable with Doge & see how it goes,” tweeted Elon Musk today, lighting a fire underneath the hitherto somnolent DOGE cryptocurrency. The comment led to an initial spike of over 25% (over 24 hours) in the price of DOGE. At the time of writing, it is trading at 0.1928, still up over 20%.
WisdomTree Investments, Inc. (NASDAQ: WETF) announced Thursday the launch of the WisdomTree Artificial Intelligence and Innovation Fund (WTAI) on the CBOE. The passively managed ETF will track the WisdomTree Artificial Intelligence & Innovation Index. Charging an expense ratio of 0.45%, the fund will offer investors exposure to businesses primarily involved with the theme of AI and innovation.
Princeton Fund Advisors, LLC, a wholly owned subsidiary of Mount Yale Capital Group, has launched two new Alpha Intelligent funds based on growth or value. The Alpha Intelligent Large Cap Value ETF (AILV) and the Alpha Intelligent Large Cap Growth ETF (AILG) are based on the Ensemble Active Management (EAM) system.
Defiance ETFs has launched the Defiance Digital Revolution ETF on the NYSE’s Arca platform. The ETF, which has the ticker symbol NFTZ, will track the performance of the ‘BITA NFT and Blockchain Select Index,’ which comprises NFT, blockchain and crypto stocks, including NFT marketplaces and issuers such as Coinbase (NASDAQ: COIN), Playboy (NASDAQ: PLBY), and DraftKings (NASDAQ: DKNG). The index is rules-based and rebalanced quarterly.
Fidelity Investments Canada ULC has launched the Fidelity Advantage Bitcoin ETF and Fidelity Advantage Bitcoin ETF Fund (Mutual Fund) for investors seeking exposure to the largest cryptocurrency in the world.
Asset manager WisdomTree listed on December 2 the Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Paris and Amsterdam under the symbol MEGA. Meanwhile, Bitcoin Capital AG launched the FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB) on the SIX Swiss Exchange.
Singapore’s United Overseas Bank ( UOB ) Asset Management has launched the UOB APAC Green REIT ETF (GRE SP), which has been listed on Singapore Exchange and provides ESG-tilted exposure to high-yielding real estate investment trusts (REITs) listed in Asia Pacific and Oceania. The fund is said to be the first of its kind in the world that brings investors access to sustainable investments in real estate in the region.
Specialist fixed income manager BlueBay Asset Management, which is owned by the Royal Bank of Canada, announced the launch of the BlueBay Total Return Diversified Credit ESG Fund. It is a multi-asset strategy suitable for ESG-oriented investors in fixed income assets. The fund will provide exposure to its ESG-focused ‘best ideas,’ across global high yield, bank loans, financial capital bonds, structured credit, convertible bonds, emerging markets and developed market investment grade categories.
Alternative Investments/ESG: Amundi Launches China And Emerging Markets (Ex-China) Equities ETFS With ESG
Amundi’s ESG ETF range is bolstered with the addition of the Amundi MSCI Emerging ex-China ESG Leaders Select UCITS ETF DR and the Amundi MSCI China ESG Leaders Select UCITS ETF DR, both listed on the London Stock Exchange.
HSBC Asset Management debuts its first fixed income ETFs with an ESG skew. The HSBC Bloomberg EUR Corporate Sustainability Bond UCITS ETF (HEUC) and the HSBC Bloomberg USD Corporate Sustainability UCITS ETF (HUSC) carry a total expense ratio of 0.18%.
Faith Investor Services has filed for the launch of the FIS Biblically Responsible Risk Managed ETF which brings “Christian values” to stock investing. The ETF will trade on the NYSEARCA exchange and will invest in equities both at home and internationally.