Latest news with #GavinFilmore
Yahoo
24-06-2025
- Business
- Yahoo
Active Strategies Are Coming for Model Portfolios
Passive ETFs have been surpassed. Active ETFs are the No. 1 strategy asset managers plan to add to their model portfolios within the next year and a half, per a recent Morningstar report. Active ETFs also had more than $165 billion in net inflows through May, and they recently outnumbered passive funds for the first time ever, according to Bloomberg Intelligence data, with more than 500 strategies launched last year alone. The data reflect a broader strategic shift toward actively managed funds, which are rapidly gaining popularity and expected to reach $4 trillion in assets under management by 2030, according to BlackRock. Still, active ETFs make up just 10% of all industry assets, and not all of the newly launched funds will survive, experts said. 'There's not a lot of silver bullets,' said Gavin Filmore, an executive at Tidal Financial Group, which manages upwards of 80% of its assets in active strategies. 'There's no doubt the ETF industry is super competitive; you have juggernauts eating up a lot of the asset flow. But you do have people that break through.' READ ALSO: Vanguard Changes Leadership on 44 Funds, Including World's Largest and Will AI Give the Free Markets ETF an Edge? With the differentiation and lower fees that active ETFs offer, it comes as no surprise that most model portfolios launched so far in 2025 feature them over active mutual funds. When it comes to crafting portfolios, both their tax advantages and innovation are reasons to include active ETFs, said Jen Wing, CIO of GeoWealth. 'Some things you're seeing are Bitcoin ETFs, more niche offerings that can compliment the active parts of portfolios, buffered strategies,' Wing said. 'You're seeing this shift in the ETF space where active ETFs are becoming one of the leading vehicles for product innovation.' Financial professionals are picking up on the active ETF frenzy: 44% of model portfolios included at least one active ETF as of March, with the average allocation to active ETFs in those models coming in at 33%, per the Morningstar report. The average weight allocated to active ETFs has risen over the past few years from 12% in 2021 to nearly 20% in Q1 2024, according to a recent BlackRock report. A Little Leverage. Global ETF issuer GraniteShares also recently joined the active ETF fray, submitting a request to the SEC on Wednesday to launch and rename several YieldBoost ETFs, which optimize yield from options strategies linked to investments like Tesla or the Nasdaq. The move reflects the increased uptake of leveraged ETFs — which saw inflows of $10.95 billion in April, surpassing a five-year high. 'This is a way of unlocking yields in high-flying tech names that are not typically known for generating income, like Nvidia,' said Matt Lamb, a GraniteShares portfolio consultant. 'So it's not a surprise to see more and more demand for these types of products.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio
Yahoo
30-05-2025
- Business
- Yahoo
Unity Wealth Partners and Tidal Financial Group Announce the Closure of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP)
MILWAUKEE, May 30, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group and Unity Wealth Partners today announced the upcoming closure and liquidation of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP). The Board of Trustees of Tidal Trust III has determined that closing and liquidating the fund is in the best interest of the fund and its shareholders. The Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (the fund) will cease trading on the Nasdaq at the close of regular trading on June 13, 2025 (the 'Closing Date'), and will no longer accept creation orders as of that date. Shareholders may sell their holdings in the fund prior to the Closing Date through standard brokerage transactions, which may be subject to customary brokerage fees. After June 13, 2025, shareholders will be unable to buy or sell shares on an exchange and may only redeem shares through select broker-dealers. There is no assurance that there will be an active market for the fund during the period between the Closing Date and Liquidation. Between June 13, 2025 and June 20, 2025 (the 'Liquidation Date'), DCAP will begin liquidating its holdings and increasing its cash position in preparation for final distribution. During this period, the fund's portfolio will depart from its stated investment strategy and objective. On or around June 20, 2025, DCAP will distribute its remaining net assets to shareholders of record who have not sold their shares prior to liquidation. This final distribution will be made in cash on a pro rata basis and will generally be treated as a taxable event. Shareholders should consult their tax advisers to understand the potential implications related to capital gains, losses, or dividends arising from the liquidation. After the distribution of net assets is complete, the fund will be officially terminated. About Tidal Financial Group Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit CONTACT: Contact Gavin Filmore at gfilmore@ for more information.
Yahoo
21-03-2025
- Business
- Yahoo
Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) to Close
NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group and Robinson Capital Management, LLC announce the closure and liquidation of the Robinson Alternative Yield Pre-Merger SPAC ETF (NYSE Arca: SPAX). This decision follows a thorough evaluation and was determined to be in the best interests of the fund and its shareholders. The ETF will cease trading on NYSE Arca at the close of regular trading on April 7, 2025 (the 'Closing Date'). It will no longer accept purchase orders as of that date. Shareholders may sell their holdings in the fund prior to the Closing Date through standard brokerage transactions, which may incur customary brokerage charges. After April 7, 2025, shareholders may only sell shares to select broker-dealers, with no assurance of an active market during this period. Between April 7, 2025 and April 11, 2025 (the 'Liquidation Date'), SPAX will liquidate its portfolio, increasing its cash holdings, which will result in portfolio holdings deviating from the fund's stated investment objectives. On or around the Liquidation Date, SPAX will distribute its remaining assets as cash pro rata to shareholders of record who have not sold or redeemed their shares. This distribution will generally be treated as a taxable event, and shareholders should consult their tax advisers to understand the implications of capital gains or losses. Additionally, the liquidation may include accrued capital gains and dividends. After these distributions, the fund will officially terminate. About Tidal Financial Group Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC is dedicated to revolutionizing ETF development, launch, marketing, and sales. With a focus on growing AUM, Tidal provides a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting investment ideas to market. Tidal is committed to ETF innovation, equipping issuers with the intelligence and tools needed to efficiently launch ETFs and optimize growth potential in a highly competitive space. For more information, visit CONTACT: For further inquiries, please contact Gavin Filmore at gfilmore@
Yahoo
21-03-2025
- Business
- Yahoo
Tidal Trust Files With SEC for 2 New ‘Animal Spirits' ETFs
In a Tuesday filing to the Securities and Exchange Commission, Tidal Trust requested to list the VistaShares Animal Spirits Strategy ETF (ANIM), an actively managed ETF seeking capital appreciation by investing in companies that are the primary focus of the largest and fastest-growing single-stock leveraged ETFs. The firm also requested to list the VistaShares Animal Spirits Daily 2X Strategy ETF (WILD), which seeks daily investment results that correspond to two times the daily performance of an actively managed group of 'animal spirits' securities. The securities in both funds will be selected by sub-adviser VistaShares Advisors and based on the BITA VistaShares Animal Spirits Index. Tidal and VistaShares were not able to comment directly on the filing due to regulatory restrictions. But Gavin Filmore, chief revenue officer at Tidal Financial Group, told that there is massive opportunity in and around the leveraged ETF space right now and that the firm is seeing a rapid rate of innovation from its partners and the broader market. The more than 280 leveraged ETFs in the U.S. market have garnered $105.5 billion total assets under management. 'Managing these products is complex,' Filmore said. 'Issuers need to ensure they have the right specialized and experienced partners in place.' Leveraged synthetic exchange-traded funds can amplify returns, but not without risk. Investors should not treat leveraged synthetic ETFs as passive long-term holdings, as they might with traditional ETFs, Rob Kane, director of alternative investments on the Investment Management and Research team at Commonwealth Financial Network, told 'A common misconception is that these ETFs simply double or triple the performance over an investor's holding period,' Kane said, speaking of these types of ETFs in general and not a specific fund. In reality, he added, they are designed to replicate a leveraged daily return before fees and expenses of a specified security or index. 'Since performance is only guaranteed on a daily basis, the effect of compounding can introduce significant performance dispersion relative to the underlying reference asset over time,' Kane added. 'Such dispersion and potential performance decay can be exacerbated in volatile markets with frequent price fluctuations.'Permalink | © Copyright 2025 All rights reserved
Yahoo
19-02-2025
- Business
- Yahoo
Vanguard's VOO overtakes SPY as largest ETF in the world
Vanguard's S&P 500 ETF (VOO) has overtaken the SPDR S&P 500 ETF Trust (SPY) as the largest ETF in the world. Tidal Financial Group Chief Revenue Officer Gavin Filmore joins Catalysts to discuss this development and its implications for the broader ETF landscape. Filmore describes it as "a milestone to see these two products at such large AUM [assets under management] levels," emphasizing that SPY "arguably has the best liquidity in the market" and is more suitable for active traders. He points out that VOO's lower fees make it potentially more attractive for long-term investors: "So if you're a buy-and-hold investor, VOO might be more favorable." However, Filmore maintains that both products are "very healthy." Addressing YouTuber Kevin Paffrath's recent closure of his ETF (PP), which held approximately $32 million in assets, Filmore acknowledges that "it was a good example of innovation in the market," though he emphasizes that "it comes down to education" for investors considering these types of investment vehicles. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
