Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Federal Reserve Financial Stability Report-May 2019
May 6, 2019-Overview
Investor appetite for risk appears elevated by several measures, and the debt loads of businesses are historically high. However, the financial sector appears resilient, with low leverage and limited funding risk.
Despite volatility in financial markets late last year, our assessment of each of the four vulnerability categories is little changed since the November 2018 FSR .4
Our view on the current level of vulnerabilities is as follows:
1.Asset valuations.
Valuation pressures remain elevated in a number of markets, with inves-tors continuing to exhibit high appetite for risk, although some pressures have eased a bit since the November 2018 FSR.
2. Borrowing by businesses and households. Borrowing by businesses is historically high relative to gross domestic product (GDP), with the most rapid increases in debt concentrated among the riskiest firms amid signs of deteriorating credit standards. In contrast, household borrowing remains at a modest level relative to incomes, and the debt owed by borrowers with credit scores below prime has remained flat
view report
Source: federalreserve.gov
TD Ameritrade expands lineup of commission-free ETFs
May 6, 2019--In the latest example of how fee compression is rippling through the financial industry, TD Ameritrade is offering free trades on more index funds. The brokerage's newly expanded line of commission-free ETFs illustrates how quickly firms are competing to offer investment products at the lowest possible price.
The firm has boosted its commission-free ETF offerings to 569 funds spanning approximately 90 Morningstar fund categories. The brokerage is one of the industry's top providers of passive funds with more than $380 billion in ETF assets under administration.
view more
Source: financial-planning.com
Pacer ETFs Expands Choices Across Its Popular Offerings
May 6, 2019--Strategy-driven provider adds five new funds in an expansion of Trendpilot and Cash Cows lines to meet the needs of investors in turbulent markets
The past few months have seen dramatic price swings and volatility throughout global stock markets. As a result, many investors are seeking ways to preserve capital and develop diversified portfolios containing well-run companies with successful track records. Pacer ETFs has responded to this demand by launching five new ETFs across its Pacer Trendpilot(R) ETF Series and Pacer Cash Cows Index(R)ETF Series.
view more
Source: Pacer ETFs
How Mifid Has Made Its Mark in the US
May 5, 2019--Fund managers across America, nudged by the SEC, seek to replicate European rules.
The launch of Mifid II represented Europe's biggest shake-up in the relationship between banks and investors in a generation. Now an unusual switch from US regulators may help elements of it to spread across the Atlantic.
view more
Source: FT.com
Report: Facebook considering its own bitcoin for payments
May 3, 2019--The Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.
The system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin's value stable. Bitcoin and similar cryptocurrencies have been susceptible to wild fluctuations in value.
It could reportedly undermine credit cards by sidestepping the processing fees that generate much of their revenue.
view more
Source: apnews.com
CFTC.gov Commitments of Traders Reports Update
May 3, 2019--The current reports for the week of May 3, 2019 are now available.
view update
Source: CFTC.gov
WBI to Liquidate Two Funds: WBIR and WBIH
May 3, 2019--WBI Investments, Inc., a leading provider of wealth-building strategies targeting an optimal blend of bear market protection and bull market return, today announced that it will close and liquidate two exchange-traded funds with plans to launch additional funds of the Absolute Shares Trust.
WBI's commitment to responding to investors' needs includes a regular review of its product lineup, which has led to a decision to liquidate the following funds: WBI BullBear Global High Income ETF (WBIH) and WBI BullBear Global Rotation ETF (WBIR) (each a "Fund" and, collectively, the "Funds"). WBI intends to launch new fund(s) nearly concurrently with the liquidations.
view more
Source: WBI
Cboe Global Markets Reports April 2019 Trading Volume
May 3, 2019--Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported April monthly trading volume.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of April and year-to-date trading statistics and market share by business segment, volume in select index products, and Revenue Per Contract (RPC), which is reported on a one-month lag across business lines.
view more
Source: Cboe Global Markets, Inc.
CBO-Updated Budget Projections: 2019 to 2029
May 2, 2019-CBO projects a deficit of $896 billion for 2019-$1 billion less than the deficit it projected in January. Federal debt held by the public is projected to grow from 78 percent of gross domestic product in 2019 to 92 percent in 2029.
Summary
As it typically does each spring, the Congressional Budget Office has updated the baseline budget projections it published early in the year. If no further legislation is enacted this year that affects the federal budget, the total federal deficit for fiscal year 2019 will be nearly the same as the agency estimated it to be in January 2019, according to CBO's projections. If current laws remained unchanged, the deficit would generally increase in nominal terms through 2029 and would be considerably larger as a share of the nation's output (gross domestic product, or GDP) than its average over the past 50 years, CBO estimates. As a result, debt held by the public would rise significantly from its already high level.
view more
Source: Congressional Budget Office (CBO)
New Research from Fidelity(R) Finds Institutional Investments in Digital Assets Are Likely to Increase over the Next Five Years
May 2, 2019--Institutional Investors See a Place for Digital Assets in Investment Portfolios
Institutional investors are finding appeal in digital assets and many are looking to invest more in digital assets over the next five years, according to new research from Fidelity Investments(R).
According to the survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the past three years. Four in ten respondents say they are open to future investments in digital assets over the next five years.
These findings are part of a Fidelity Investments research study to better understand how institutions, advisors, and investors think about digital assets both overall, and as part of an investment portfolio. More than 400 U.S. institutional investors were surveyed, including pensions, family offices, crypto and traditional hedge funds, financial advisors and endowments and foundations.
view more
Source: Fidelity
