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ETFGI reports assets invested in ETF and ETPs listed in Canada reached a record US$246.13 billion at the end of May 2021
June 30, 2021--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reports assets invested in ETF and ETPs listed in Canada reached a record US$246.13 Bn at the end of May. ETFs listed in Canada gathered net inflows of US$6.09 billion during May, bringing year-to-date net inflows to US$22.25 billion.
At the end of the month, Canadian ETF assets increased by 5.3%, from US$233.83 billion at the end of April to US$246.13 billion, according to ETFGI's May 2021 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs and ETPs listed in Canada reach a record $246.13 Bn at the end of May.
Record YTD net inflows of $22.25 Bn beating the prior record of $14.44 Bn gathered YTD in 2020.
Twenty-three months of consecutive net inflows
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Source: ETFGI
Report of the Task Force on Financial Stability
June 29, 2021--Following the Global Financial Crisis of 2007-09, the U.S. and other economies shored up the resilience of their banks through more demanding capital and liquidity requirements and rigorous stress testing. The disruptions of financial markets at the onset of the pandemic in March 2020 underscored the vulnerabilities of markets and institutions that comprise the important-and growing-nonbank sector of the financial system through which much credit to businesses, households, and government flows.
The Task Force on Financial Stability was formed before the pandemic, in October 2019, by the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution and the Initiative on Global Markets at the University of Chicago Booth School of Business. Its mission was to identify gaps in the regulatory architecture and other features of the financial system (outside the regulated banking sector) that make it insufficiently resilient, and to recommend mitigating policies to regulators, Congress, and the industry.
The report focuses on the U.S. Treasury market, open-end mutual funds, housing finance, derivatives clearinghouses, and life insurance companies; it also makes recommendations for the structure and process of regulation, including the Financial Stability Oversight Council and the Office of Financial Research, both created by the Dodd-Frank Act, to increase the likelihood of spotting and addressing issues that will arise in the future.
view the Report of the Task Force on Financial Stability
Source: brookings.edu
BlackRock to switch $21bn in iShares ETFs to FTSE Russell indices
June 28, 2021--The 10 funds will cease tracking Dow Jones benchmarks in September
BlackRock plans to change the benchmarks of 10 iShares ETFs that together have about $20.7bn in assets under management, the manager has announced.
The funds will switch from Dow Jones benchmarks to indices provided by FTSE Russell, filings show, effective on or around September 20.
The largest of the funds- the $7bn iShares US Technology ETF-will change its underlying index and target benchmark to the Russell 1000 Technology RIC 22.5/45 Capped Index.
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Source: ft.com
This is how the US energy market is shifting
June 25, 2021--Use of coal in the US has dropped by half.
Natural gas is now 38% of the US energy mix.
Clean energy solutions are favoured by Biden.
Global leaders hope to influence emerging economies.
The G7's recent commitment to move away from coal as an energy source mirrors an existing trend in the US energy market.
Between 2005-2019, the use of coal for electricity generation in the US more than halved, dropping from 50% to 23%, according to new figures from the US Energy Information Administration (EIA).
Over the same period, the country doubled its usage of renewable energy, including wind and solar.
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Source: World Economic Forum
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
