Amundi is expanding their ESG suite with the launch of the Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF (WELE). WELE seeks to offer investor exposure to the largest companies that meet the ESG criteria by tracking the S&P 500 Equal Weight ESG Leaders index.
Waystone Launches ETF Platform
The Ireland corporate governance company Waystone has recently announced the launch of their new platform, Waystone ETFs. Waystone is known for its governance and risk and compliance services but adding an ETF suite would be the “missing piece of the pie”, as their CEO Paul Heffernan stated.
Caesars Jumps After Positive Earnings And ETFs Follow
Caesars Entertainment (CZR) recently announced their Q2 earnings and to the surprise of many, revenue was up 12% to $2.8 billion. The Las Vegas casinos positive earnings fully outperformed the estimate experts had in mind After wind of the positive earnings the CZR stock saw a boost jumping 3.46%.
Horizon Launches Blockchain ETF
Horizon Kinetics LLC recently announced the launch of a new ETF. The Blockchain Development ETF (BCDF) marks the second fund launch from Horizon. BCDF will be actively managed and looks to invest in companies that will benefit directly or indirectly from the trading, facilitation, and administration of digital assets as well as cryptocurrencies.
Sprott Launches First Of Its Kind ESG Gold ETF
The Sprott Asset Management LP has just announced the launch of their Sprott EDG Gold ETF (SESG). The launch marks the worlds first ETF to acquire and refine its gold strictly from recognized ESG mining leaders.
Amazon Q2 Earnings Outperform And ETFs Follow
Amazon (AMZN) rallied back up +17.04% to end the week. The boost to the stock also helped consumer discretionary ETFs as the Consumer Discretionary Select Sector SPDR (XLY) grew +3.7%, the Vanguard Consumer Discretionary (VCR) jumped +3.6%, and the Fidelity MSCI Consumer Discretionary Index (FDIS) rose +3.5%.
China Stock ETFs See Mass Outflows
Chinese stock ETFs saw mass outflows this week as investors are unsure of their growth views. In total $327 million was pulled from ETFs invested in Chinese stocks as the CSI 300 Index has fallen 15% so far. The Xtrackers Harvest CSI 300 China (ASHR) and the KraneShares CSI China Internet Fund (KWEB) were hit the hardest seeing withdrawals of $179 million and $174 million.
Gaming ETF Offering Exposure To Industry Giants
Investors looking to tap into the ever-growing gaming sector may find an opportunity in the Wedbush ETFMG Video Game Tech ETF (GAMR). The ETF plans to invest in everything gaming with some of its top holding being companies such as, Roblox, GameStop, Activision Blizzard, Take-Two Interactive, and Nintendo.
Top Performing ETFs of the Week
These were the top performing ETFs of the week.
KLNE — Direxion Daily Global Clean Energy Bull 2X Shares ETF +23.52%
UBR — ProShares Ultra MSCI Brazil Capped +22.10%
UTSL — Direxion Daily Utilities Bull 3X Shares +22.09%
BRZU — Direxion Daily MSCI Brazil Bull 2X Shares +22.08%
ONG — Direxion Daily Oil Services Bull 2X Shares +18.26%
Worst Performing ETFs of the Week
These were the worst performing ETFs of the week.
BZQ — ProShares UltraShort MSCI Brazil Capped -19.44%
DRV — Direxion Daily Real Estate Bear 3X Shares -15.13%
NRGD — MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN -14.94%
PBUG — Pacer iPath Gold Trendpilot ETN -14.82%
UVIX — 2x Long VIX Futures ETF -14.77%