Hennessy Funds Trust files with the SEC
November 3, 2022--Hennessy Funds Trust has filed an Amendment No. 1 to an application for exemptive relief with the SEC.
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WisdomTree Trust files with the SEC-WisdomTree China ex-State-Owned Enterprises Fund
November 2, 2022-WisdomTree Trust has filed a a Form 497K-Summary Prospectus with the SEC for the WisdomTree China ex-State-Owned Enterprises Fund.
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WisdomTree Trust files with the SEC-- WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
November 2, 2022-WisdomTree Trust has filed a a Form 497K-Summary Prospectus with the SEC for the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund.
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iShares Trust files with the SEC-iShares Environmental Infrastructure and Industrials ETF
November 2, 2022- iShares Trust has filed a a Form 497K-Summary Prospectus with the SEC for the iShares Environmental Infrastructure and Industrials ETF.
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WisdomTree Trust files with the SEC-WisdomTree India ex-State-Owned Enterprises Fund
November 2, 2022-WisdomTree Trust has filed a a Form 497K-Summary Prospectus with the SEC for the WisdomTree India ex-State-Owned Enterprises Fund.
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RBB Fund Trust files with the SEC
November 2, 2022--RBB Fund Trust has filed an application for exemptive relief with the SEC.
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Dimensional Lists Three New Equity Sustainability ETFs
November 2, 2022--Dimensional Fund Advisors, a global leader in systematic investing, expanded its exchange-traded funds (ETFs) offering with today's listing of three new equity sustainability ETFs on the New York Stock Exchange (NYSE).
The new ETFs offer broadly diversified exposure to equities in US, developed international, and emerging markets while applying climate-focused sustainability considerations. Dimensional has also filed for a global fixed income sustainability ETF, which it intends to launch later this month.
DoubleLine ETF Trust files with the SEC-
November 2, 2022-DoubleLine ETF Trust has filed a First Amended Application for exemptive relief with the SEC.
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Client First Tax & Wealth Advisors Announces New AdaptivTM Select ETF (Ticker: Adpv); a Proprietary Actively Managed, Large Cap Stock Selection ETF
November 2, 2022--Client First Tax & Wealth Advisors announced today it is in the pre-effective stage of launching its first exchange traded fund (ETF); AdaptivTM Select ETF (ticker: ADPV).
Client First, an independent Registered Investment Advisor located in West Bend, Wisconsin, is working with strategic partners US Bank, Exchange Traded Products (ETC), and Quasar Distributors to bring the Momentum-based large-cap stock selection strategy to life within the tax efficient exchange traded vehicle.*
WisdomTree Trust files with the SEC-WisdomTree U.S. ESG Fund
November 2, 2022-WisdomTree Trust has filed a a Form 497K-Summary Prospectus with the SEC for the WisdomTree U.S. ESG Fund.
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How the US Inflation Reduction Act will impact the economy
November 2, 2022--New US legislation will dramatically change the economics of industrial decarbonization.
Critics of the Inflation Reduction Act claim that it will increase inflation by pushing up energy prices.
In fact, the new laws do not exacerbate inflation now, and are likely to have a deflationary impact in the long term.
The Inflation Reduction Act (IRA) is widely recognized as a compelling nudge from the US government to private sector and investors to decarbonize hard-to-abate sectors. It clears the path for many climate financiers and investors to move companies towards net zero. But can its incentive-based policies work in the context of a looming recession, spiking inflation, and oil shortage?
Federal Reserve issues FOMC statement
November 2, 2022--Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months,and the unemployment rate has remained low. Inflation remains elevated,reflecting supply and demand imbalances related to the pandemic,higher food and energy prices,and broader price pressures.
Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals,the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent. The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. In determining the pace of future increases in the target range,the Committee will take into account the cumulative tightening of monetary policy,the lags with which monetary policy affects economic activity and inflation,and economic and financial developments.
SEC Proposes Enhancements to Open-End Fund Liquidity Framework
November 2, 2022--The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders' interests. The rule and form amendments would enhance how funds manage their liquidity risks, require mutual funds to implement liquidity management tools, and provide for more timely and detailed reporting of fund information.
"A defining feature of open-end funds is the ability for shareholders to redeem their shares daily, in both normal times and times of stress," said SEC Chair Gary Gensler. "Open-end funds, though, have an underlying structural liquidity mismatch. This can raise issues for investor protection, our capital markets, and the broader economy. We saw such systemic issues during the onset of the COVID-19 pandemic, when many investors sought to redeem their investments from open-end funds. Today's proposal addresses these investor protection and resiliency challenges."
Client First Tax & Wealth Advisors Announces New Adaptiv Select ETF (Ticker: Adpv); a Proprietary Actively Managed, Large Cap Stock Selection ETF
November 2, 2022--Client First Tax & Wealth Advisors announced today it is in the pre-effective stage of launching its first exchange traded fund (ETF); Adaptiv Select ETF (ticker: ADPV).
Client First, an independent Registered Investment Advisor located in West Bend, Wisconsin, is working with strategic partners US Bank, Exchange Traded Products (ETC), and Quasar Distributors to bring the Momentum-based large-cap stock selection strategy to life within the tax efficient exchange traded vehicle.*
"As we enter the active ETF space, we are excited about the full roster of strategic experts we are partnering with," said Paul Zarling, Managing Partner at Client First.
U.S. SEC proposes new liquidity, pricing rules for mutual funds
November 2, 2022--The U.S. Securities and Exchange Commission on Wednesday proposed new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing mechanism that has drawn opposition from fund managers.
The market disruptions of March 2020 reinforced the fact that liquidity can deteriorate rapidly, said the SEC, which adopted the proposal in a 3-2 vote.