First Trust Portfolios Canada announces TSX listing effective dates for changes of investment strategies FT Portfolios Canada Co. Toronto, Ontario, CANADA
TORONTO, Feb. 17, 2021 (GLOBE NEWSWIRE) FT Portfolios Canada Co. (“First Trust Canada”), a privately owned company, announced today, on February 17, the effective date of 7 new investment strategies including Canada’s first 5G and Internet ETFs on the TSX.
On February 3, 2021, unitholders of the ETFs listed below approved a proposal to modernize sector exposure resulting in amending the ETFs. The proposal was implemented as of February 12, 2021 for the First Trust Morningstar Dividend Leaders ETF (CAD-Hedged) and February 17, for the remaining six ETFs.
When it comes to sector exchange-traded funds, it s hard to find funds that are more revered and better performing than technology fare.
What Happened: Regarding tech industry ETFs, cloud computing and cybersecurity funds have been stout performers and investor favorites. Now, aggressive traders can get add some leverage to the mix thanks to new duo of geared ETFs.
On Thursday, ProShares launched the
ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) and the
ProShares Ultra Nasdaq Cloud Computing (NASDAQ:SKYU).
UCYB is the first leveraged cybersecurity ETF. Direxion launched a bullish and bearish set of leveraged cloud ETFs earlier this month.
Fighting Climate Change via ETFs was Popular in Late 2020
Key Takeaways
Despite thematic ETFs representing just 2% of the U.S. listed fund market, assets tied to these long-term growth strategies climbed 78% in the fourth quarter aided by strong net inflows.
Clean energy ETF assets doubled in the last three months of 2020 to $18 billion, amid optimism of the Biden administration. These ETFs manage more assets than funds focused on big data or connectivity mega-themes.
Fundamental Context
At the end of 2020, there were 148 thematic ETFs managing $104 billion in assets according to Global X. While thematic ETFs represent just 2% of overall ETF assets, the base grew a whopping 78% in the last three months of 2020, aided by strong performance and $26 billion of net inflows. Relative to the end of 2019, thematic ETFs jumped 274%. Global X characterizes thematic ETFs the company and its peers offer as following long-term growth-focused strategies; unconstrained by arbitrary geograph
Top 5 Cybersecurity ETFs For 2021
Cybersecurity is a top theme for both consumers and businesses, while attracting tens of millions of dollars in new investment.
Author:
Jan 8, 2021
The evolution of the work from home economy, the boom on online commerce, the focus on election security and the looming threat of continued data integrity hacks have made the cybersecurity sector a top focus for several years among individuals, companies and investors.
Global cybersecurity stocks went through an initial boom/bust cycle about 6 years ago, but since then, save for pullbacks in late 2018 and early 2020, it s been almost a straight line up. Cybersecurity has become a priority for both businesses and consumers. Millions of dollars is being invested into developing infrastructure and the demand for cybersecurity protections has never been higher.
US Market: Cybersecurity stocks extend advance on bets for robust demand financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.