iShares Inc., files with the SEC-iShares MSCI Russia ETF
August 3, 2022--iShares Inc., has filed an application for an order of the Securities and Exchange Commission to suspend the right of redemption with respect to shares of the iShares MSCI Russia ETF and, if necessary, postpone the date of payment of redemption proceeds with respect to redemption orders received but not yet paid.
view filing
CBO-Budgetary Costs of Higher Interest Rates and Inflation
August 3, 2022--This letter responds to the following three questions that Congressman Jason Smith asked about the budgetary costs of higher interest rates and inflation.
How have the Congressional Budget Office's projections of interest payments changed?
How does increased debt affect federal borrowing costs?
How would holding a greater portion of federal debt in short-term securities affect the budget?
J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan Active Growth ETF
August 3, 2022--J.P. Morgan Exchange-Traded Fund Trust has filed a a post-effective amendment, registration statement with the SEC for the JPMorgan Active Growth ETF.
view filing
SEC Makes It Clear: Wall Street Must Avoid These Conflicts of Interest
August 3, 2022--The U.S. Securities and Exchange Commission is trying to make it very clear how brokers and advisors should put the best-interests of their customers first. Wednesday morning, SEC staff issued a bulletin filled with examples of conflicts that Wall Street should avoid.
Paying brokers to recommend retail investing products that earn the firm more profit? The firm had better beware.
Sales contests or quotas that reward sales of specific stocks by a deadline? Under no circumstances, said Wednesday's bulletin.
J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan Active Growth ETF
August 3, 2022-J.P. Morgan Exchange-Traded Fund Trust has filed a Form 497K-Summary Prospectus with the SEC for the JPMorgan Active Growth ETF.
view filing
DBX ETF Trust files with the SEC-Xtrackers S&P ESG Dividend Aristocrats ETF
August 3, 2022--DBX ETF Trust has filed a a post-effective amendment, registration statement with the SEC for the Xtrackers S&P ESG Dividend Aristocrats ETF.
view filing
VanEck ETF Trust files with the SEC-VanEck Vietnam ETF
August 2, 2022-VanEck ETF Trust has filed a Form 497K-Summary Prospectus with the SEC for the VanEck Vietnam ETF.
view filing
VanEck ETF Trust files with the SEC-VanEck Video Gaming and eSports ETF
August 2, 2022-VanEck ETF Trust has filed a Form 497K-Summary Prospectus with the SEC for the VanEck Video Gaming and eSports ETF.
view filing
Touchstone ETF Trust files with the SEC-Touchstone Ultra Short Income ETF
August 2, 2022-Touchstone ETF Trust has filed a Form 497K-Summary Prospectus with the SEC for the Touchstone Ultra Short Income ETF.
view filing
CME Clearing accepts short-term UST ETFs as collateral
August 2, 2022--CME Clearing has widened its collateral eligibility to accept short-term US treasury ETFs as initial margin.
By extending the range of collateral that it will receive as IM, the clearing house aims to extend the flexibility of funding solutions offered to market participants with IM requirements. CME Clearing claims that it accepts the widest range of collateral of any major clearing entity.
These short-term exchange-traded funds invest in US treasuries with less than 12 months to maturity. CME Clearing managing director and global head of clearing and post-trade services Suzanne Sprague indicates that the clearing house has worked closely with ETF sponsors to ensure that accepting short-term UST ETFs as collateral meets with its risk management standards, while offering a broader choice of collateral that users can post to the CCP.
TD buying Cowen for US$1.3B in U.S. investment banking push
August 2, 2022--Toronto-Dominion Bank announced Tuesday morning that it has agreed to buy Cowen Inc. in its latest U.S. takeover- and some analysts warned TD could be hard pressed to hang on to Cowen's most valuable talent.
Under the terms of the deal, TD will pay US$1.3 billion, or US$39 per share, in cash to buy the New York-based investment bank. TD said it sold 28.4 million shares in The Charles Schwab Corp. to finance the transaction; as a result, TD said the deal will be neutral to its Common Equity Tier 1 capital ratio.
AIM ETF Products Trust files with the SEC
August 2, 2022-AIM ETF Products Trust has filed a a post-effective amendment, registration statement with the SEC.
view filing
First Trust Exchange-Traded Fund files with the SEC-First Trust Growth Strength ETF
August 2, 2022-First Trust Exchange-Traded Fund has filed a a post-effective amendment, registration statement with the SEC for the First Trust Growth Strength ETF.
view more
EA Series Trust files with the SEC-Strive U.S. Energy ETF
August 2, 2022-EA Series Trust has filed a a post-effective amendment, registration statement with the SEC for the Strive U.S. Energy ETF.
view filing
Touchstone ETF Trust files with the SEC-Touchstone Dividend Select ETF
August 2, 2022-Touchstone ETF Trust has filed a Form 497K-Summary Prospectus with the SEC for the Touchstone Dividend Select ETF.
view filing