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AdvisorShares Vice ETF to Transfer Listing to NYSE Arca, Change Ticker to VICE
October 25, 2020--October 13, 2020--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced plans to transfer the listing of the AdvisorShares Vice ETF (Ticker: ACT) from NASDAQ to NYSE Arca effective on or about November 1, 2020.
The Fund's ticker symbol will change from ACT to VICE with the transfer listing. Shareholders in this fund will not be required to take any action as a result of this change.
"We look forward to bringing the AdvisorShares Vice ETF to NYSE Arca where most of our actively managed ETFs are listed"" said Dan Ahrens, chief operating officer of AdvisorShares and portfolio manager of the Vice ETF.
Franklin Templeton suffers heavy outflows forward of Legg Mason deal view more Institutional frenzy: CME becomes 2nd biggest Bitcoin futures market
On Oct. 10, Skew reported that the CME Bitcoin futures market's open interest rose sharply by 1,500 contracts. Since then, within three days, the price of BTC surged 9% to over $13,000. view more Threats to U.S. Treasury market liquidity still exist, Fed says view more Betterment Expands Socially Responsible Investment Offerings The expanded offerings are available to Betterment’s retail customers as well as Betterment for Advisors customers and Betterment for Business users, who are participants in the firm's 401(k) service. view more IMF-Regional Economic Outlook for Western Hemisphere Risks to the outlook remain tilted to the downside, and uncertainty about the pandemic's evolution is a key source of risk. Containing the spread of the virus and addressing the health crisis remain the key policy priorities. In countries where lockdowns still hamper activity, policies should focus on ensuring that firms have sufficient liquidity, and on protecting employment and income, while developing medium-term fiscal consolidation plans to safeguard debt sustainability. In countries that are easing lockdowns, efforts should focus on supporting the recovery, including through structural reforms. view the IMF-Regional Economic Outlook for Western Hemisphere NextFins Launches Nifty India Financials ETF, 'INDF' view more Asset managers in $300bn drive to build private lending funds view more New Issuer Debuts CEF-Focused Income ETFs
Neil Azous, founder and chief investment officer of Rareview, says that the firm is focused on goals-based investment strategies. view more Federal Reserve-Beige Book-October 21, 2020 view more
Source: AdvisorShares
October 24, 2020--Franklin Templeton is on monitor to finish 2020 as one of many worst-selling retail asset managers after buyers pulled cash from its funds forward of its landmark takeover of rival Legg Mason.
The US group has suffered the very best year-to-date outflows of any fund home globally in 2020, bleeding a web $41.6bn, based on information firm Morningstar.
The figures, which embody cash market and trade traded funds, however exclude institutional mandates, make January to September this yr Franklin Templeton’s highest interval of outflows in 4 years. It misplaced $36.7bn final yr, $41.3bn in 2018 and $27.7bn in 2017.
Source: medtech.news
October 23, 2020--The Chicago Mercantile Exchange (CME) just became the second-biggest Bitcoin futures exchange in open interest behind OKEx, buoyed by rising institutional demand.
The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of the cryptocurrency market.
Source: cointelegraph.com
October 23, 2020--The U.S. Treasury market still runs the risk of abrupt freezes in liquidity like the one seen in March and April, as the COVID-19 pandemic roiled the financial system, a member of the Federal Reserve Bank of New York's Market Committee said on Friday.
The market shock in March, which helped drive yields across maturities to all-time lows, was "truly an exceptional event," Lorie Logan said in a speech to the Brookings-Chicago Booth Task Force on Financial Stability.
Source: reuters.com
October 22, 2020--Betterment for Advisors and other channels can access the new Climate and Social Impact portfolios.
In yet another sign of the growing interest in social responsible investing, Betterment is expanding its socially responsible investment offerings and putting them on equal footing with its core portfolio when investors open an account.
Source: thinkadvisor.com
October 22, 2020--Chapter 1: Outlook for Latin America and the Caribbean: Pandemic Persistence Clouds the Recovery
The pandemic continues to spread in Latin America and the Caribbean (LAC), but economic activity is picking up. After a deep contraction in April, activity started recovering in May, as lockdowns were gradually eased, consumers and firms adapted to social distancing, some countries introduced sizable policy support, and global activity strengthened.
Real GDP is projected to contract by 8.1 percent in 2020, followed by a mild recovery in 2021 reflecting persistent spread of the virus and associated social distancing and scarring.
Source: IMF
October 22, 2020--n Wednesday, NextFins announced the launch of the Nifty India Financials ETF (INDF), which is now available for trading.
INDF will trade in US Dollars during US market hours. The Nifty India Financials ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nifty Financial Services 25/50 Index.
Source: newsbreak.com
October 22, 2020-Asset managers are seeking to raise almost $300bn to plough into private lending deals with groups such as Goldman Sachs and Oaktree hoping to lure investors away from frothy public markets.
Publicly traded debt and equity securities have surged in price this year after central banks and governments across the world unleashed trillions of dollars worth of stimulus to dull the economic blow from the pandemic.
Managers argue that private credit- including funds set up to lend directly to companies- is one area that has not yet become saturated. It has also benefited from post-financial crisis regulations that pushed banks to tamp down lending to riskier clients.
Source: technocodex.com
October 21, 2020--Newcomer Rareview Capital rolled out two actively managed ETFs today that invest in fixed-income closed-end funds. The Rareview Tax Advantaged Income ETF (RTAI) and Rareview Dynamic Fixed Income ETF (RDFI) both invest in CEFs via proprietary quantitative models.
RTAI and RDFI come with expense ratios of 1.91% and 2.37%, respectively. Both funds list on Cboe Global Markets, the parent company of ETF.com.
Source: autos.yahoo.com
October 21, 2020--National Summary
Overall Economic Activity
Economic activity continued to increase across all Districts, with the pace of growth characterized as slight to modest in most Districts. Changes in activity varied greatly by sector. Manufacturing activity generally increased at a moderate pace. Residential housing markets continued to experience steady demand for new and existing homes, with activity constrained by low inventories.
Banking contacts also cited increased demand for mortgages as the key driver of overall loan demand. Conversely, commercial real estate conditions continued to deteriorate in many Districts, with the exception being warehouse and industrial space where construction and leasing activity remained steady. Consumer spending growth remained positive, but some Districts reported a leveling off of retail sales and a slight uptick in tourism activity. Demand for autos remained steady, but low inventories have constrained sales to varying degrees. Reports on agriculture conditions were mixed, as some Districts are experiencing drought conditions.
Source: federalreserve.gov
