US ETFs draw almost $500bn of inflows despite grim year for Wall St
November 2, 2022--Fresh surge in new client money contrasts $790bn suffered by mutual funds
US exchange traded funds have pulled in almost $500bn in new client money this year as investors continue a powerful shift into the vehicles despite a historic pullback in stock and bond markets.
The inflows are well below last year's full-year tally of $935bn but in line to overtake the record before that of $501bn in 2020, according to data from the Investment Company Institute through October 26. In contrast, long-term US mutual funds -which exclude vehicles that act as alternatives to holding cash-have seen net outflows of $790bn in 2022, far worse than the decline of $59bn last year and $484bn in 2020.
IMF-Western Hemisphere Regional Economic Outlook: Navigating Tighter Global Financial Conditions
November 2, 2022--Growth momentum continues in Latin America and the Caribbean, and the region is expected to grow by 3.5 percent in 2022. Amid tightening global financial conditions, however, growth is projected to decelerate to 1.7 percent in 2023.
Inflation is the highest in two-decades and is expected to recede gradually helped by decisive action by the region's central banks.
Monetary policy should stay the course, and avoid easing prematurely, while fiscal policy should focus on strengthening public finances while protecting the vulnerable population from the inflation shock.
Recent developments in Latin America and the Caribbean have been dominated by the impact of two distinct global shocks: the COVID-19 pandemic and the Russian invasion of Ukraine. A third shock-tightening global financial conditions-is now shaping the outlook for the region, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook for the Western Hemisphere .
After contracting sharply in 2020, most of the economies in Latin America and the Caribbean recovered strongly in 2021 and early 2022, helped by the global recovery, the normalization of service sectors, and favorable external conditions, including high commodity prices. Strong momentum early in the year led to an upward revision of growth to 3.5 percent for 2022- half percentage point higher than projected in July.
Exchange Traded Concepts Trust files with the SEC-Vesper U.S. Large Cap Short-Term Reversal Strategy ETF
November 2, 2022-Exchange Traded Concepts Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Vesper U.S. Large Cap Short-Term Reversal Strategy ETF.
view filing
Victory Portfolios II files with the SEC-VictoryShares USAA Core Short-Term Bond ETF
November 1, 2022--Victory Portfolios II has filed a Form 497K-Summary Prospectus with the SEC for the VictoryShares USAA Core Short-Term Bond ETF.
view filing
RBB FUND, INC. files with the SEC
November 1, 2022--RBB FUND, INC. has filed a Second Amended and Restated Application for exemptive relief with the SEC.
view filing
Impact Shares Trust I files with the SEC-Impact Shares Sustainable Development Goals Global Equity ETF
November 1, 2022-Impact Shares Trust I has filed a a Form 497K-Summary Prospectus with the SEC for the Impact Shares Sustainable Development Goals Global Equity ETF.
view filing
ASYMmetric ETFs Trust files with the SEC-ASYMmetric Smart Alpha S&P 500 ETF and ASYMmetric Smart Income ETF
November 1, 2022--ASYMmetric ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
ASYMmetric Smart Alpha S&P 500 ETF
ASYMmetric Smart Income ETF.
view filing
Impact Shares Trust I files with the SEC-Impact Shares Affordable Housing MBS ETF
November 1, 2022-Impact Shares Trust I has filed a a Form 497K-Summary Prospectus with the SEC for the Impact Shares Affordable Housing MBS ETF.
view filing
AdvisorShares Trust files with the SEC-AdvisorShares Psychedelics ETF
November 1, 2022--AdvisorShares Trust has filed a Form 497K-Summary Prospectus with the SEC for the AdvisorShares Psychedelics ETF.
view filing
AdvisorShares Trust files with the SEC-AdvisorShares Pure US Cannabis ETF
November 1, 2022--AdvisorShares Trust has filed a Form 497K-Summary Prospectus with the SEC for the AdvisorShares Pure US Cannabis ETF.
view filing
AdvisorShares Trust files with the SEC-AdvisorShares Managed Bitcoin Strategy ETF
November 1, 2022--AdvisorShares Trust has filed a Form 497K-Summary Prospectus with the SEC for the AdvisorShares Managed Bitcoin Strategy ETF.
view filing
AllianzIM Expands Lineup of U.S. Large Cap Buffered ETFs
November 1, 2022--AllianzIM Launches More Buffered ETFs with Outcome Periods for Every Month Beginning November 1
Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America (Allianz Life(R)), announced today it is launching its monthly series of U.S. Large Cap Buffered Exchange Traded Funds (ETFs) suite, starting with new November funds.
The two new ETFs are the AllianzIM U.S. Large Cap Buffer10 Nov ETF (NYSE Arca: NVBT) and the AllianzIM U.S. Large Cap Buffer20 Nov ETF (NYSE Arca: NVBW).
Impact Shares Trust I files with the SEC-Impact Shares NAACP Minority Empowerment ETF
November 1, 2022-Impact Shares Trust I has filed a a Form 497K-Summary Prospectus with the SEC for the Impact Shares NAACP Minority Empowerment ETF.
view filing
Harbor ETF Trust files with the SEC-Harbor Health Care ETF
November 1, 2022-Harbor ETF Trust has filed a a Form 497K-Summary Prospectus with the SEC for the Harbor Health Care ETF.
view filing
iShares Trust files with the SEC-iShares iBonds Mar 2023 Term Corporate ETF
November 1, 2022-iShares Trust has filed a a Form 497K-Summary Prospectus with the SEC for the iShares iBonds Mar 2023 Term Corporate ETF.
view filing