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Technology ETF debuts from iShares
January 13, 2020--iShares has brought to NYSE Arca an exchange-traded fund that invests in cutting-edge technology.
The iShares US Tech Breakthrough Multisector ETF tracks an index of companies involved in financial technology, robotics and artificial intelligence, cloud and data technology, cybersecurity, and genomics and immunology.
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Source: smartbrief.com
Innovator Announces Successful Completion of Initial Outcome Period for January Series of S&P 500 Buffer ETFs
January 8, 2019--Delivered performance in line with the S&P 500 before management fees, up to each ETFs' respective cap, with less volatility over the one-year outcome period
Innovator's Defined Outcome ETFs are the subject of a patent application filed with the U.S. Patent and Trademark Office
Innovator Capital Management, LLC (Innovator) announced today the successful completion of the initial outcome period for the January Series of Innovator S&P 500 Buffer ETFsTM.
The January S&P 500 Buffer ETF Series was reset on January 1, 2020, based on the current level for the S&P Price Return Index, with new upside caps and downside buffers for the next one-year outcome period.
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Source: Innovator
CBO-Monthly Budget Review for December 2019
January 8, 2019--The federal budget deficit was $358 billion in the first quarter of fiscal year 2020, CBO estimates, $39 billion more than the deficit recorded during the same period last year. Revenues and outlays alike were higher this year-by 5 percent and 7 percent, respectively.
As was the case last year, this year's outlays in the first quarter increased because of shifts in the timing of certain payments that otherwise would have been due on January 1, a holiday. If not for those shifts, the deficit through December would have been roughly $20 billion smaller, both this year and last year—$336 billion this year and $298 billion last year-but the year-to-year change would not have been very different.
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Source: Congressional Budget Office (CBO)
The Leuthold Group expands access to flagship strategy with launch of Leuthold Core ETF
January 7, 2020--The Leuthold Group has announced the launch of the Leuthold Core ETF (NYSE: LCR), an exchange-traded fund that was designed as a core holding for investors seeking steady growth along with the liquidity and convenience of an ETF.
It will apply the same disciplined, rules-based quantitative rigor as the firm's Core mutual fund and reflects Leuthold Group's philosophy that exposure to multiple asset classes—and dynamically adjusting exposures at different points in the business cycle-can potentially generate growth and long-term investment success.
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Source: The Leuthold Group LLC
Fed policymakers agree rates on hold for 'a time'
January 3, 2020--U.S. Federal Reserve policymakers agreed in their final policy meeting of 2019 that interest rates were likely to stay on hold for "a time" as the central bank set its sights on a new articulation of its monetary policy framework.
Minutes of the Fed's Dec. 10-11 policy meeting, released on Friday, also showed policymakers were preparing to discuss changes to the way it manages liquidity in financial markets, including a possible standing repurchase facility.
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Source: Reuters
Innovator Expands Defined Outcome Suite Listing January Series of Nasdaq 100, Russell 2000, MSCI EAFE, and MSCI Emerging Markets Power Buffer ETFs
January 2, 2020--ETFs provide upside exposure up to a cap, with downside buffer levels of 15% over a one-year Outcome Period
Innovator's Defined Outcome ETFs are the subject of a patent application filed with the U.S. Patent and Trademark Office
Innovator Capital Management, LLC (Innovator) announced today four new Innovator Power Buffer ETFsTM based on the Nasdaq 100, Russell 2000, MSCI EAFE, and MSCI Emerging Markets Indexes are scheduled to begin trading.
"Today's listings expand our category-creating Defined Outcome ETFTM suite with four new Power Buffer ETFs based on the Nasdaq 100, Russell 2000, MSCI EAFE, and MSCI Emerging Markets Indexes that provide exposure to major market segments with built-in downside buffers of 15% to mitigate market risks," said Bruce Bond, CEO of Innovator ETFs.
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Source: Innovator Capital Management, LLC
SS&C ALPS Advisors Announces New REIT Dividend Dogs ETF (RDOG)
January 2, 2020--A New Equally-Weighted REIT (Real Estate Investment Trust) Strategy based on the Five Highest Yielders within Nine REIT Segments
ALPS Advisors, Inc., an asset manager and wholly owned subsidiary of SS&C Technologies, Inc., announced a strategic move for the new Exchange Traded Fund called the ALPS REIT Dividend Dogs ETF [RDOG] that applies the "Dogs of the Dow Theory" to its rules-based investment strategy.
RDOG intends to provide investors with equal exposure to the five highest yielding REITs ("Dividend Dogs") within nine equally-weighted REIT segments as determined by S-Network, the index provider.
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Source: SS&C / ALPS Advisors
Horizons ETFs Adjusts Investment Strategy of Horizons NASDAQ-100 Index ETF
January 2, 2020--HXQ will employ a physical index replication structure effective at the close of business January 3, 2020, which is expected to make its total cost of ownership the lowest of any NASDAQ-100(R) ETF listed in Canada
Horizons ETFs Management (Canada) Inc.
("Horizons ETFs") is pleased to announce that it intends to adjust the investment strategy of Horizons NASDAQ-100(R) Index ETF ("HXQ") from a synthetic total return swap structure to a conventional physical index replication structure, whereby HXQ will directly hold the underlying constituents of the NASDAQ-100(R) Index in substantially the same proportion as they are reflected in the index.
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Source: Barrons.com
HSBC pins asset management growth on ETFs
December 31, 2019--New investment head Nicolas Moreau attempts to revive flagging fund arm
HSBC is planning to revive its exchange traded fund range in 2020 in a move to revitalise its underperforming $512 billion asset management business.
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Source: FT.com
'Hunger Games' erupts for ETFs as debuts slump to five-year low
December 30, 2019--The US$4.4 trillion market for U.S. exchange-traded funds is slowing down.
Asset managers set up fewer ETFs in 2019 than in any other year since 2014, data compiled by Bloomberg show.
Some 225 funds traded for the first time during the past 12 months, down for a second-straight year. At the same time, fund closures spiked 35 per cent.
It's a sign that a golden age for ETF issuance that's fostered more than 2,000 products may be losing some of its luster.
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Source: bnnbloomberg.ca