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Natixis Investment Managers today received approval from the Securities Exchange Commission (SEC) for the use of custom baskets in actively managed semi-transparent exchange-traded funds (ETFs) that follow the New York Stock Exchange (NYSE)’s Proxy Portfolio Methodology approach. Previously, Natixis active semi-transparent ETFs were required to disclose proxy portfolios that closely track the fund’s actual intraday portfolio performance on a daily basis. This new approval from the SEC enables Natixis to create custom baskets that contain securities not included, or securities in different weights than are in the fund’s Proxy Portfolio when creating or redeeming shares. The use of custom baskets for active semi-transparent ETFs has the potential to reduce trading costs, increase efficiency, and improve secondary markets for the shares.
Miami International Holdings (MIH), the parent holding company of MIAX
®, and MidChains, an upcoming virtual asset trading platform, today announced that MIH has completed a follow-on equity investment in MidChains parent holding company, MEEG Holdings Limited. The parties previously announced MIH s initial investment and intent to pursue joint technology licensing and product listing opportunities.
Based in Abu Dhabi Global Market (ADGM), MidChains is seeking to provide one of the world s first fully regulated and supervised ecosystem infrastructures for virtual asset trading under the Financial Services Regulatory Authority (FSRA) regulatory framework. MidChains is expected to launch trading operations in Q1 2021, subject to FSRA approval.
KraneShares Launches First China STAR Market ETF, KSTR, in the U.S.
On Wednesday, Krane Funds Advisors, LLC, (“
KraneShares“), a global asset management firm known for its China-focused ETFs and innovative China investment strategies, announced the launch of the
KraneShares SSE STAR Market 50 Index ETF (KSTR) on the New York Stock Exchange.
KSTR tracks the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index. The Index comprises the 50 largest securities listed on SSE Science and Technology Innovation Board (STAR Market) as determined by market capitalization and liquidity.
As China has quickly become a world leader in innovation, the Shanghai Stock Exchange developed the STAR Market to promote China’s high growth publicly-listed science and technology companies. The STAR Market includes companies from industries such as new-generation information technology, biomedicine, new energy, and environmental protection.
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NEW YORK, Jan. 27, 2021 /PRNewswire/ Krane Funds Advisors, LLC, (
KraneShares ), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, today announced the launch of the KraneShares SSE STAR Market 50 Index ETF (Ticker: KSTR) on the New York Stock Exchange (NYSE).
KSTR tracks the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index. The Index comprises the 50 largest securities listed on SSE Science and Technology Innovation Board (STAR Market) as determined by market capitalization and liquidity.
As China has quickly become a world leader in innovation, the Shanghai Stock Exchange developed the STAR Market to promote China s high growth publicly-listed science and technology companies. The STAR Market includes companies from industries such as new-generation information technology, biomedicine, new energy, and environmental protection.