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AllianceBernstein Launches Active ETFs
September 14, 2022--Initial ETF Lineup to include the Ultra Short Income and Tax-Aware Short Duration Municipal Strategies
AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading global investment management and research firm, announced today the launch of its first set of active exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE): the AB Ultra Short Income ETF (NYSE: YEAR) and the AB Tax-Aware Short Duration Municipal ETF (NYSE: TAFI).
Global trading firm Jane Street will be the Lead Market Maker on both products and will bring extensive industry experience and pricing expertise to AB's ETFs.
Goldman Sachs ETF Trust files with the SEC-Goldman Sachs ActiveBeta(R) Emerging Markets Low Vol Plus Equity ETF
September 13, 2022--Goldman Sachs ETF Trust has filed a post-effective amendment, registration statement with the SEC for the Goldman Sachs ActiveBeta(R) Emerging Markets Low Vol Plus Equity ETF.
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THOR Financial Technologies Trust files with the SEC-THOR Low Volatility ETF
September 13, 2022- THOR Financial Technologies Trust has filed a Form 497K-Summary Prospectus with the SEC for the THOR Low Volatility ETF.
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AB Active ETFs, Inc. files with the SEC-AB Tax-Aware Short Duration Municipal ETF
September 13, 2022- FAB Active ETFs, Inc.has filed a Form 497K-Summary Prospectus with the SEC for the AB Tax-Aware Short Duration Municipal ETF.
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AB Active ETFs, Inc. files with the SEC-AB Ultra Short Income ETF
September 13, 2022- FAB Active ETFs, Inc.has filed a Form 497K-Summary Prospectus with the SEC for the AB Ultra Short Income ETF.
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First Trust Exchange-Traded Fund VIII files with the SEC-First Trust Flexible Municipal High Income ETF
September 13, 2022- First Trust Exchange-Traded Fund VIII has filed a Form 497K-Summary Prospectus with the SEC for the First Trust Flexible Municipal High Income ETF.
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US providers of ESG ETFs face perfect storm
September 13, 2022--Fund providers face political battles and a tightening regulatory environment that could prove onerous
US providers of exchange traded funds that invest according to the dominant environmental, social and governance (ESG) principles are facing a perfect storm.
Not only are they braced for a slew of complex new rules from the Securities and Exchange Commission, but they have also become entangled in political and ideological battles that have seen ESG funds condemned for being a symptom of "woke capitalism".
THOR Launches its First ETF
September 13, 2022--THOR Financial Technologies ("THOR") today announced the launch of its first exchange-traded fund (ETF), THOR Low Volatility ( NYSE: THLV), an actively managed low volatility equity strategy on the New York Stock Exchange.
The introduction of THOR's low volatility strategy as an ETF brings the firms proprietary risk management technology to the masses, seeking to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR U.S. Low Volatility Index.
Thrivent ETF Trust files with the SEC- Thrivent Small-Mid Cap ESG ETF
September 12, 2022--Thrivent ETF Trust has filed a Form N-1A Registration Statement, pre-effective amendment with the SEC for the Thrivent Small-Mid Cap ESG ETF.
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Krane Shares Trust files with the SEC-KraneShares Electrification Metals Strategy ETF
September 12, 2022--Krane Shares Trust has filed a a post-effective amendment, registration statement with the SEC for the KraneShares Electrification Metals Strategy ETF.
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Are Americans getting financially dumber? It's hard to say
September 11, 2022--Financial literacy in this country has steadily declined over the last 12 years, according to a recent study, but the root cause remains elusive.
In 2021, the average respondent correctly answered 2.6 out of 5 financial literacy questions, according to the findings from the FINRA Foundation National Financial Capability Study that surveyed nearly 30,000 U.S. adults, down from 3.0 out of 5 questions in 2009.
High financial literacy was considered answering more than 3 correctly.
Why financial literacy is declining, its correlation with smart money behaviors, and how to improve all is vexing experts who hope any connection can ultimately help more folks reach financial security.
Congressional Budget Office-Monthly Budget Review: August 2022
September 9, 2022-Summary
The federal budget deficit was $944 billion in the first 11 months of fiscal year 2022 (that is, from October 2021 through August 2022), the Congressional Budget Office estimates-$1.8 trillion less than it was at the same point last year. Revenues were $822 billion (or 23 percent) higher and outlays were $945 billion (or 15 percent) lower than they were during the same period a year ago.
Revenues in all major categories rose, especially individual income taxes. Spending related to the coronavirus pandemic declined, particularly for the recovery rebates (also known as economic impact payments), unemployment compensation, pandemic relief through the Small Business Administration (SBA), and relief to state, local, tribal, and territorial governments.
On August 24, 2022, the Administration announced plans to forgive certain portions of federal student loans for many borrowers and other changes to the student loan program. CBO's budget estimates through August do not include outlays related to those actions because the Administration had not recorded any related costs.
Investment Managers Series Trust II files with the SEC-AXS All Terrain ETF
September 9, 2022--Investment Managers Series Trust II has filed a a post-effective amendment, registration statement with the SEC for the AXS All Terrain ETF.
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SEC Reins In Internal Bond Trading Embraced by Pimco and T. Rowe Price
September 9, 2022--Investment giants like Pacific Investment Management Co. are facing fresh restrictions on their ability to trade bonds internally between different funds under US Securities and Exchange Commission rules that took effect this week.
The crackdown on the practice, which is widely known as cross-trading, was opposed by Pimco, T. Rowe Price Group Inc. and other managers. The changes follow a lengthy phase-in of sweeping new rules on mutual fund valuations that the SEC passed in 2020 to bolster investor protections.
EA Series Trust files with the SEC-EA Bridgeway Blue Chip ETF
September 9, 2022--EA Series Trust has filed a a post-effective amendment, registration statement with the SEC for the EA Bridgeway Blue Chip ETF.
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