U.S. SEC to propose new rule boosting hedge, private fund leverage disclosures-source
August 9, 2022--The U.S. Securities and Exchange Commission (SEC) will propose a new rule on Wednesday aimed at boosting hedge and private fund leverage disclosures, among other details, according to a source familiar with the agency's thinking.
The proposal by the Wall Street regulator would require funds to provide more information on leverage as part of their confidential "Form-PF" disclosures, the person said, adding that the measure would also apply to fund advisers who operate as commodity investors and traders under Commodity Futures Trading Commission rules, the person said.
Half of Gen Z see no point in saving until things get back to "normal"-here's what they're doing with their money instead
August 9, 2022--Some Gen Zers are abandoning financial caution to invest in themselves and experiences instead.
For 18-year-old Anousha Ahmed, based in Virginia, earning income at her first job meant having more freedom.
"My focus wasn't really saving. It was more like, now I have all this discretionary income. I can do whatever I want," Ahmed says.
She briefly worked at a swim school for children earlier this year, and explains that she was able to use her money on experiences such as concerts, traveling, eating at restaurants and going roller skating.
BlackRock Opening South Florida 'Snowbird' Office for Dozens of Employees
August 8, 2022--Head of fixed income and about 35 staff are expected to start working at West Palm Beach location early next year
BlackRock Inc., the world's largest money management company, is opening a satellite office in South Florida to accommodate a top executive and dozens of other employees, joining a migration of financial firms to the state.
Rick Rieder, who as BlackRock's head of fixed income oversees roughly $1.7 trillion in assets, or about 20% of the firm's total assets, owns a home in Palm Beach County and is expected to work out of the new West Palm Beach office space when he is in Florida, according to people familiar with the matter. About 35 other BlackRock employees are expected to start working there early next year, according to BlackRock.
First single-bond ETFs look set to revolutionise access to Treasuries
August 8, 2022--The first single-bond exchange traded funds in the world are set to list on the Nasdaq exchange on Tuesday, in a move that could revolutionise how some traders access US Treasuries.
The launches follow hot on the heels of the first single-stock ETFs in the US and illustrate a growing trend for vehicles to target ever more specific exposures, eschewing the diversification at the heart of the traditional fund structure.
Logan Capital Launches Large Cap Growth ETF (NYSE: LCLG)
August 8, 2022--The large cap fund offers investors exposure to companies with widespread innovation
Logan Capital, an independent, privately owned Registered Investment Advisor, has launched its first exchange-traded fund (ETF), the Logan Capital Broad Innovative Growth ETF (NYSE: LCLG).
The ETF employs a multifactor ranking algorithm to analyze and select securities. It seeks companies applying innovative technologies and ideas to common business models to gain a competitive advantage. Logan looks for companies that have increasing earnings tied to pricing power, benefit from an economic tailwind, and that are trading in a way that would support a long-term upward move in price.
iShares Trust files with the SEC-iShares High Yield Corporate Bond BuyWrite Strategy ETF
August 8, 2022--iShares Trust has filed a a post-effective amendment, registration statement with the SEC for the iShares High Yield Corporate Bond BuyWrite Strategy ETF.
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First Trust Exchange-Traded Fund IV files with the SEC-FT Energy Income Partners Strategy ETF
August 8, 2022--First Trust Exchange-Traded Fund IV has filed a a post-effective amendment, registration statement with the SEC for the FT Energy Income Partners Strategy ETF.
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iShares Trust files with the SEC-iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
August 8, 2022--iShares Trust has filed a a post-effective amendment, registration statement with the SEC for the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF.
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Tidal ETF Trust files with the SEC-SoFi Smart Energy ETF
August 8, 2022--Tidal ETF Trust has filed a a post-effective amendment, registration statement with the SEC for the SoFi Smart Energy ETF.
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iShares Trust files with the SEC-iShares Investment Grade Corporate Bond BuyWrite Strategy ETF
August 8, 2022--iShares Trust has filed a a post-effective amendment, registration statement with the SEC for the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF.
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Direxion Shares ETF Trust files with the SEC
August 8, 2022--Direxion Shares ETF Trust has filed a a post-effective amendment, registration statement with the SEC.
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CBO-Monthly Budget Review: July 2022
August 8, 2022--Summary
The federal budget deficit was $727 billion in the first 10 months of fiscal year 2022 (that is, from October 2021 through July 2022), the Congressional Budget Office estimates-$1.8 trillion less than it was at the same point last year.
Revenues were $789 billion (or 24 percent) higher and outlays were $1.0 trillion (or 17 percent) lower than they were during the same period a year ago. In particular, spending related to the coronavirus pandemic declined for the recovery rebates (also known as economic impact payments), unemployment compensation, pandemic relief through the Small Business Administration (SBA), and the Coronavirus Relief Fund.
ETF Opportunities Trust files with the SEC-Formidable Fortress ETF
August 8, 2022-ETF Opportunities Trust has filed a Form 497K-Summary Prospectus with the SEC for the Formidable Fortress ETF.
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ETF Opportunities Trust files with the SEC-Formidable ETF
August 8, 2022-ETF Opportunities Trust has filed a Form 497K-Summary Prospectus with the SEC for the Formidable ETF.
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Advisors Series Trust files with the SEC-Logan Capital Broad Innovative Growth ETF
August 8, 2022-Advisors Series Trust has filed a Form 497K-Summary Prospectus with the SEC for the Logan Capital Broad Innovative Growth ETF.
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