Americas ETP News
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Buy in May and Sail Away: Increasing Non-Traditional Portfolio Allocation
June 23, 2021--Last week, with the pending and final decision by the Fed, markets were unsurprisingly zigging and zagging, and the media was rationalizing every move in hindsight. Frankly, these are weeks we often prefer to skip, but that is clearly not an option. Is it "noise" or are conditions changing? Circumstances, in our view, are dynamic, and life's structural changes sometimes need checks and balances.
We've broken down meaning of this in "Structure Matters" context, as follows:
Life's Structural Changes:
Life's Journey: How do you fund life's big moments? Weddings, births, medical expenses, education, and yes- planning for the inevitable-death. ETC, ETC
Portfolio Strategy: The investment nest egg begins with a sprinkling of cash at the start, and traditional equities and fixed income are added. However, we believe that the non-traditional portion of people's portfolio over time is going to become increasingly more important for most investors. The need for an alternative type of return stream is true diversification.
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Source: etfthinktank.com
First Trust Launches First Trust Indxx Medical Devices ETF
June 23, 2021--First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new ETF, the First Trust Indxx Medical Devices ETF (Cboe: MDEV) (the "fund"). The fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Indxx Global Medical Equipment Index (the "index").
"The 2020 global pandemic has put health care at the forefront of news headlines and kitchen table conversations. Growing medical awareness in emerging economies due to aging populations, greater wealth accumulation, and government focus on health care infrastructure all pave the way for increased investment in medical equipment," said Indxx's Managing Partner, Rahul Sen Sharma.
The fund provides exposure to global companies that comprise the medical devices industry, which are those that focus on developing equipment, instruments, and machines to diagnose, monitor, and treat diseases.
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Source: First Trust
State Street plans crypto ETF back-office 'land grab'
June 23, 2021--Executives last week managing back office services for cryptocurrency ETFs will play a major role in State Street's attempt to create significant new businesses from asset managers and institutions' enthusiasm for digital assets and blockchain.
Providing such services to Bitcoin and other cryptocurrency ETFs in the United States and around the world is one of the areas in which the company "wants to be deeply involved" with its digital finance division, State Street Digital. Release Earlier this month, State Street Chief Financial Officer Eric Aboaf said at the Morgan Stanley US Financial Conference last week. The new division will focus on cryptocurrencies, central bank digital currencies, blockchain and tokenization, the company said.
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Source: californianewstimes.com
Vanguard steps up push into financial advice
June 23, 2021--World's second-largest asset manager expects lower fees will help expand the market
Vanguard is betting that demand for financial advice will explode over the next decade, as the world's second-largest asset manager steps up its push into the fragmented market.
The Pennsylvania-based...
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Source: ft.com
Engine No. 1 rolls out $100 million ETF after Exxon board victory
June 22, 2021--Engine No.1 is launching an exchange traded fund (ETF) with $100 million in assets, a bet Main Street investors want portfolios to back environmental, social and governance (ESG) proposals on the heels of the hedge fund's boardroom victory at ExxonMobil, company executives said.
Roughly four weeks after shareholders broadly supported Engine No. 1's call for Exxon to improve its financial performance and overhaul its clean energy strategy by electing three of its directors to the oil giant's board, the new firm is rolling out Transform 500 ETF, whose ticker will be "VOTE".
The new ETF will invest in the 500 biggest U.S. stocks and track the Morningstar U.S. Large Cap Select Index.
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Source: reuters.com
SEC Wants More Climate Disclosures. Businesses Are Preparing for a Fight
June 21, 2021--Asset managers push for more information; energy, transportation companies say climate-change risks aren't easily measured
The Securities and Exchange Commission is preparing to require public companies to disclose more information about how they respond to threats linked to climate change-and businesses are gearing up for a fight.
The SEC's new chairman, Biden administration appointee Gary Gensler, has said climate-related disclosure is a top priority, and President Biden met Monday with Mr. Gensler, Treasury Secretary Janet Yellen, and other top financial regulators to discuss the issue. The SEC has already sought industry input, much of which arrived last week, for a rule proposal that could be issued by October.
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Source: wsj.com
Net flows into inflation-linked ETPs surge to a record $4.4bn in May
June 21, 2021-Dash for inflation protection was in progress before the announcement US consumer price inflation hit 29-year-high
Net flows into inflation-linked exchange traded products, which aim to protect investors from the ravages of monetary debasement, hit a record $4.4bn in May -even before it emerged that core US consumer price inflation hit a 29-year high that month.
In just five months of 2021, the $18bn in net flows into linker ETPs have already surpassed 2020's full-year record of $17.3bn, according to data from BlackRock.
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Source: ft.com
BlackRock aims to generate half of US ETF flows from adviser models
June 18, 2021--Packaged portfolios already accounted for a third of the managers net US ETF sales in 2020
BlackRock has set a goal for half of its US ETF flows to come from adviser models, executives have said, adding that the manager has been investing in the products, technology tools and distribution relationships to make that happen.
Last year, about a third of BlackRock's US ETF net sales came...
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Source: ft.com
ETFs to turn to as Fed sets stock market up for rising interest rates; GameStop heads to IWF
June 17, 2021--It is time to talk about talking about ETFs. Yes that's a riff off what Federal Reserve chair, Jerome Powell, said about the central bank slowing bond purchases, as it's just not possible to ignore the impact of Wednesday's move by the Fed to start negotiating the fraught process of peeling back its easy-money policies, while dealing with the economic recovery from the global epidemic.
We won't bore you with the particulars, but the Fed might hike interest rates earlier than expected, penciling in two rate increases in 2023. You can read about what Chairman Jerome Powell said and did here and the market’s reaction here and here and here, and the Fed's view on interest rates here and on inflation.
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Source: marketwatch.com
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 15-16 FOMC meeting
June 16, 2021--June 16, 2021--In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 15-16, 2021, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2021 to 2023 and over the longer run.
Each participant's projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy-including a path for the federal funds rate and its longer-run value-and assumptions about other factors likely to affect economic outcomes.
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Source: federalreserve.gov
