DriveWealth Announces the Launch of the DriveWealth ICE 100 Index ETF (Symbol: CETF)
Apr 25, 2023
New ETF provides investors with easy access to the diversified list of ETFs based on the ICE DriveWealth 100 Index
New York City, New York Apr 25, 2023 (Issuewire.com) - DriveWealth, LLC, a global fintech and pioneer in fractional investing today announced the launch of the DriveWealth ICE 100 Index ETF (Symbol: CETF). This new ETF is the first investment product built off of the ICE DriveWealth 100 Index which uses unique, proprietary methodology to select the top 100 US-listed ETFs based on size, liquidity and risk-adjusted return.
CETF tracks the ICE DriveWealth 100 Index administered by ICE Data Indices, LLC, which licenses certain methodology from DriveWealth. CETF allows investors to continuously seek investment in the top 100 US-listed ETFs. The index will rebalance quarterly.
"ETFs represent an important investment opportunity for all types of investors - from Baby Boomers to Gen Z," comments Bob Cortright, CEO/Founder of DriveWealth. "Our partners are now able to offer their investors a way to seek access to the top 100 ETFs in the US through a single investment product."
"By creating an index of the top-performing ETFs, rather than individual stocks, the ICE DriveWealth 100 Index offers a unique benchmark for the market as a whole," comments Varun Pawar, Head of ICE Data Indices. "This kind of insight is valuable for all industry participants and is a demonstration of the flexibility and innovation ICE can bring to the ETF industry."
DriveWealth is working with State Street Corporation as the administrator and service provider for the ETF. Foreside Fund Services, LLC. is the distributor of CETF.
Martin Sullivan, Senior Vice President with State Street commented, "DriveWealth is a new and innovative player in the ETF industry that leverages their financial technology acumen to facilitate investment and provide retail access for a broader set of investors. We are delighted to be working with DriveWealth and look forward to future product launches in partnership with this new player."
Before investing, carefully consider the Fund's investment objective, risks, charges, and expenses. This information is contained in the prospectus available at www.drivewealth.com/advisory/dwi-us100. Read carefully before investing.
Important Risks
Investing involves risks including possible loss of principal. There is no guarantee the fund will achieve its investment objective. The Fund will primarily invest in other ETFs and will be subject to the underlying risks of those respective funds. Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes. To the extent the Fund does not fully replicate the Index, it is subject to the risk that the investment strategy of the Fund's investment adviser may not produce the intended results.
There is no guarantee the Fund's investment strategy will be successful. In managing the Fund's portfolio, the investment adviser engages one or more sub-advisers to make investment decisions for a portion of or the entire portfolio. There is a risk that the investment adviser may be unable to identify and retain sub-advisers that achieve superior investment returns relative to other similar sub-advisers.
It is not possible to directly invest in an index. Diversification does not eliminate the risk of loss.
About DriveWealth
DriveWealth, a global fintech investment rail and pioneer of fractional equities trading, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hands. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth's consultative support and cloud-based, modern technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. For more information, please visit drivewealth.com or connect with us on Twitter @DriveWealth or on LinkedIn.
About DriveAdvisory
An SEC-registered RIA that launched in December 2021, DriveAdvisory will serve as the Advisor on DriveWealth ETF products, providing partners and their customers with access to the DriveWealth ICE 100 Index ETF to unlock greater flexibility and the potential for deeper customer relationships for DriveWealth's partners. Amid a constantly changing global regulatory landscape, this designation provides our partners with a secure way to leverage DriveWealth's APIs and ETF products to offer this unique investment capability to customers while ensuring they are fully protected.
"ICE®" is a registered trademark of ICE Data Indices, LLC or its affiliates. This trademark has been licensed, along with the ICE DriveWealth 100 Index ("Index") for use by DriveWealth in connection with the DriveWealth ICE 100 Index ETF (the "Product"). Neither DriveWealth, DriveWealth ETF Trust (the "Trust") nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its third party suppliers ("ICE Data and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.
ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.
Source :DriveWealth, LLC
This article was originally published by IssueWire. Read the original article here.
Tinio questions P500 Pera hike, calls for budget realignment
MANILA, Philippines — Deputy Minority Leader and ACT Teachers Rep. Antonio Tinio on Thursday, Sept. 17, described the P500 increase in monthly allowance received by state workers in 2027 “woefully inadequate” after nearly 17-year impasse. Tinio said the P500-hike to the Personnel Economic Relief Allowance (Pera) was not enough, primarily amid rising commodity costs. He
House passes anti-spying bill amid civil rights concerns
MANILA, Philippines — The House of Representatives on Thursday passed on final reading a bill modernizing the country’s anti-espionage laws, despite concerns from some lawmakers that its broad definition of spying could be used to crack down on dissent. With 224 lawmakers voting for House Bill No. 9642 and 10 against, the lower chamber approved
Victims' counsels to ICC: Declare former President Duterte fit for trial
The lawyers of the drug war victims have asked the International Criminal Court (ICC) to declare former President Rodrigo Duterte fit for trial.
Antonio Tinio calls out Marcos alleged inaction on transboundary haze
MANILA, Philippines — ACT Teachers party-list Rep. Antonio Tinio on Thursday criticized President Ferdinand Marcos Jr. on what he described as the latter’s inaction on the issue of transboundary haze that originated from Indonesia, which also affected the air quality in parts of the Philippines. Tinio made this remark during the House sponsorship and plenary
P74-M facility to boost Cabanatuan rice processing
MANILA, Philippines — The Department of Agriculture (DA) has opened a new P74.4-million rice processing facility in Cabanatuan to improve postharvest processing in Nueva Ecija, the country’s top rice-producing province. The facility, inaugurated on Thursday, includes a multi-stage rice mill that can process 4 to 5 tons per hour, along with three recirculating dryers, each
Soft demand to slow Toyota’s PH production in ‘26
MANILA, Philippines — Philippine production at Japanese automotive giant Toyota may slow in 2026 as weak demand weighs on vehicle sales, putting the automaker on track to fall short of its banner production year in 2025. According to Toyota Motor Philippines senior vice president Sherwin Chua-Lim, output from the company’s Santa Rosa plant in Laguna may
Meat traders buck plan to raise pork jowl tariffs
MANILA, Philippines — Philippine meat importers are pushing back against the Department of Agriculture’s (DA) bid to reclassify frozen pork jowls as swine meat, a move that would raise the tariff on the imported cut to up to 40 percent. In a June petition to the Tariff Commission, the DA noted that retailers and food
Marcoleta’s press conference inside Sandiganbayan is allowed – BJMP
[Updated Sept. 17, 2026, 8:04 p.m.] MANILA, Philippines — Sen. Rodante Marcoleta’s press conference on Thursday was well within what is being allowed by the Sandiganbayan. The Bureau of Jail Management and Penology (BJMP) said the forum between the senator and reporters today inside the premises of the anti-graft court was alright with the justices.
WATCH: Romualdez’s co-accused in plunder case, out of country | INQToday
MANILA, Philippines – Here are INQToday’s top stories this evening: A former staff member of ex-House Speaker Martin Romualdez, who is also a co-accused in the P7.4-billion plunder case, is out of the country; a witness says Sen. Rodante Marcoleta allegedly solicited money from a donor linked to his P75-million plunder case; and a House
Yuchengco urges SEC to withdraw broker-director term limits
MANILA, Philippines — Philippine Stock Exchange director Ma. Vivian Yuchengco urged the Securities and Exchange Commisison (SEC) to revoke term-limit rules for broker-directors, asserting that shareholders should determine the tenure of their elected representatives on the board. In a statement, Yuchengco reiterated her opposition to SEC Memorandum Circular No. 17, Series of 2026, which caps broker-directors’
NGCP boosts grid capacity with P23.5-B transmission project
MANILA, Philippines — The National Grid Corporation of the Philippines (NGCP) is on track to activate P23.5 billion worth of transmission projects this year as it works to strengthen the country’s grid network further. Breaking it down, NGCP assistant vice president Leonor Felipa Cynthia Alabanza said the grid operator is spending around P11 billion to finish
Debt ratio seen rising to 70.7% by 2027 in severe conditions
MANILA, Philippines — Philippine debt could climb to as much as 70.7 percent of gross domestic product by 2027 under a severe downside economic scenario, according to a sensitivity test that flagged the government’s growth assumptions as still too optimistic. The estimate is not a forecast but forms part of the alternative growth scenarios developed by
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.