Americas ETP News
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Stockpickers find new niche in thematic ETF strategies
August 19, 2021--Equity picking finds niches in the ETF market through its thematic strategies and more shops are choosing to avoid indexing new trend-following products.
Active ETFs represent a quarter of the 34 thematic ETFs that launched in the first seven months of the year
Less than 18% of ETFs focused on the 197 themes specified by FactSet are actively managed. However, active ETFs make up 26% of the 34 thematic ETFs launched in the United States by August 6, this year.
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Source: FT.com
John Hancock Investment Management launches actively managed Mortgage-Backed Securities ETF subadvised by Manulife Investment Management
August 19, 2021-- John Hancock Investment Management LLC today announced the availability of John Hancock Mortgage-Backed Securities ETF (ticker: JHMB). The exchange-traded fund (ETF) is subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager.
It is the second actively managed fixed-income ETF launched by John Hancock Investment Management this year, following the launch of John Hancock Corporate Bond ETF (ticker: JHCB) in March 2021.
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Source: John Hancock Investment Management
'I don't think the market is ready for this': Cathie Wood outlines what short-sellers betting against her innovation strategy don't get
August 19, 2021--Cathie Wood is hitting back amid a record rise in short-sellers betting against her fund, including Michael Burry of "The Big Short" fame.
Burry initiated a $31 million put position in the Ark Invest Disruptive Innovation ETF, according to a recent 13f filing. That's on top of his $731 million put position in Tesla, which happens to be Wood's highest conviction stock and largest holding at Ark.
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Source: businessinsider.com
REX Shares Lists ETNs Including the Largest US Tech Companies in Two Easily Investable Products-The ETNs Track Solactive Indices
August 18, 2021--Changing the life of billions of people for the better is an accomplishment that is reserved only for few companies. In the past decade, four technology giants created a supergroup of companies that goes by the acronym FANG standing for Facebook, Amazon, Netflix, and Alphabet (formerly acknowledged as Google).
Undeniably, these four companies deserve the top spot, but other tech companies like Nvidia or Tesla hold a candle to these big four. US-based financial company REX Shares released two ETNs, the MicroSectors Solactive FANG & Innovation 3x Leveraged ETN (BULZ) and MicroSectors Solactive FANG & Innovation -3x Inverse Leveraged ETN (BERZ), tracking the Solactive FANG Innovation Index and including the largest thirty US-based technology stocks.
Not only are FANG companies enormous market drivers, but their performances are regarded by many as a proxy for the entire US economy.
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Source: Solactive AG
CME in $16bn bid for Chicago exchange rival Cboe
August 18, 2021-All-share deal would combine futures and equity options specialists
CME Group, the world's largest futures exchange operator, is in talks to acquire fellow Chicago exchange company Cboe Global Markets in a deal worth nearly $16bn.
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Source: ft.com
Federal Reserve issues FOMC statement-Minutes of the Federal Open Market Committee, July 27-28, 2021
August 18, 2021--The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen.
The sectors most adversely affected by the pandemic have shown improvement but have not fully recovered. Inflation has risen, largely reflecting transitory factors.
Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy continues to depend on the course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.
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Source: federalreserve.gov
CME and Cboe Stock Respond to Media Report of Deal Talks
August 18, 2021--Exchange operator CME denies report that it made acquisition offer; Cboe shares jump 12% but finish the day lower.
Shares of exchange operators CME Group Inc. and Cboe Global Markets Inc. swung Wednesday following a media report that the two Chicago-based companies were discussing a merger.
CME immediately denied the report.
The Financial Times reported that CME had approached Cboe with a $16 billion acquisition offer.
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Source: wsj.com
Defensive ETF flows hint at 'bullish but worried' sentiment on Wall St
August 17, 2021--Billions of dollars have been pouring into "defensive" exchange-traded funds in recent weeks, underscoring the nervousness that has arisen in some corners of Wall Street after US stocks hit a series of record highs.
The resurgence of coronavirus infections in some U.S. states, evidence of mounting inflationary pressures, and fears that the Federal Reserve will soon start scaling back its massive asset purchase program have already prompted some investors to take a more cautious stance.
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Source: ft.com
BlackRock calls for investors to lift allocations to China's markets
August 17, 2021-- BlackRock's research unit has said China should no longer be considered an emerging market and recommended investors boost their exposure to the country by as much as three times.
The New York-based investment house's internal think-tank suggested the higher allocations to Chinese stocks and debt as the country's capital markets have boomed in size and sophistication.
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Source: ft.com
CI Global Asset Management Licenses Solactive Indices to Release Four Core ETFs
August 17, 2021--ETFs are increasingly becoming the incumbent in the global passive investment industry. In June 2021, global assets under management in index-tracking ETFs hit their new record of USD 8.66tn, which is merely USD 132bn short of assets in passive mutual funds.
Building on the success of ETFs, CI Global Asset Management, a subsidiary of Toronto-based CI Financial Corp. (TSX: CIX, NYSE: CIXX), has licensed four Solactive indices to provide its clients three plain vanilla benchmark ETFs, including a broad Canada ETF, and two ETFs tracking the largest 500 and 1000 US companies, respectively. Furthermore, to allow investors to participate in the performance of global healthcare companies, CI Global Asset Management released an ETF tracking the leaders in global healthcare innovation.
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Source: Solactive AG
