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CFTC.gov Swaps Report Update
April 17, 2019--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Global X Launches CLOU: An ETF to Access the Shift to Cloud Computing
April 16, 2019-- Global X ETFs, the New York-based provider of exchange-traded funds, announced today the launch of the 14th fund in its Thematic Growth suite, the Global X Cloud Computing ETF (Nasdaq: CLOU).
Seeking to track the Indxx Global Cloud Computing Index, the fund holds a basket of companies that potentially stand to benefit from continuing proliferation of cloud computing technology and services. The cloud computing industry refers to companies that (i) license and deliver software over the internet on a subscription basis (SaaS), (ii) provide a platform for creating software applications which are delivered over the internet (PaaS), (iii) provide virtualized computing infrastructure over the internet (IaaS), (iv) own and manage facilities customers use to store data and servers, including data center Real Estate Investment Trusts (REITs), and/or (v) manufacture or distribute infrastructure and/or hardware components used in cloud and edge computing activities.
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Source: Global X Funds
AdvisorShares Launches Pure Cannabis ETF (Ticker: YOLO)
April 16, 2019--Becomes first U.S.-listed actively managed ETF to deliver dedicated cannabis exposure
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Pure Cannabis ETF (Ticker: YOLO) will begin trading on Thursday, April 18, 2019.
YOLO becomes the first U.S.-listed active ETF to deliver dedicated, fully-invested cannabis exposure
.YOLO seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. This active ETF allocates across a universe of primarily U.S. and Canadian cannabis companies engaging in legal business which span different industries, including those specializing in consumer products. YOLO's portfolio management team carries deep experience in the capital markets and a well-established expertise of investing in highly-regulated areas of the markets including cannabis.
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Source: AdvisorShares
Reaves Utilities ETF Announces Actions
April 15, 2019--Fund renamed Virtus Reaves Utilities ETF, lowers management fee
eaves Utilities ETF, the first actively managed exchange-traded fund focused on the utilities sector, today announced that it has been renamed the Virtus Reaves Utilities ETF (UTES), better reflecting the relationship between fund manager Reaves Asset Management and Virtus ETF Solutions, and has lowered its management fee.
"Reaves Asset Management has demonstrated its pedigree in utility sector investing over the last four decades, further showcased by UTES' stellar track record of consistently outperforming its peers since its inception in 2015 as Reaves Utilities ETF," said William Smalley, executive managing director of Virtus ETF Solutions.
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Source: Reaves Utilities ETF
DWS Group to Close and Liquidate Two ETFs
April 15, 2019--DWS Group today announced plans to close and liquidate two Xtrackers exchange-traded funds (ETFs)-Xtrackers Germany Equity ETF (Cboe: GRMY) and Xtrackers MSCI United Kingdom Hedged Equity ETF (NYSE Arca: DBUK).
DWS plans to close and liquidate these funds following a regular and ongoing process to review and evolve the Xtrackers product lineup to ensure the business continues to meet clients' needs. The last day of trading is expected to be April 30, 2019. Creations will be accepted until that time. Proceeds of the liquidations are scheduled to be sent to shareholders on or about May 10, 2019.
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Source: DWS Group
CFTC.gov Commitments of Traders Reports Update
April 12, 2019--The current reports for the week of April 12, 2019 are now available.
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Source: CFTC.gov
SEC Cracks Down on ETF Names That Could Mislead Investors
April 12, 2019--The Investment Company Act of 1940 prohibits Issuers from using "materially deceptive or misleading" names.
Exchange-traded funds looking to tap some of the hottest investment trends are going undercover.
A growing number of thematic ETFs are changing their identities before they even start trading to conform to a decades-old rule that dictates what issuers can and can't call their strategies. More than a third of such funds started last year tweaked their names during the regulator's approval process, filings show; one fund that initially included blockchain in its name is now described as a "transformational data sharing" ETF.
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Source: thinkadvisor.com
Source: thinkadvisor.com
Causeway ETMF Trust to Liquidate Two Exchange-Traded Managed Funds
April 12, 2019--Causeway International Value NextShares and Causeway Global Value NextShares to be Liquidated on or about May 13, 2019.
Causeway Capital Management LLC today announced that the Board of Trustees of Causeway ETMF Trust has approved the liquidation of Causeway International Value NextShares ($4.5 million in net assets) and Causeway Global Value NextShares ($4.8 million in net assets), each a series of Causeway ETMF Trust, on or about May 13, 2019.
Effective the close of business on April 15, 2019, the funds will no longer accept creation unit purchase orders. The last day of secondary market trading on NASDAQ in the funds' shares is expected to be after markets close on May 6, 2019.
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Source:Causeway Capital Management LLC
KraneShares, China-Focused Asset Manager, Debuts Emerging Market ETF Excluding China
April 12, 2019-- Krane Funds Advisors, LLC, ("KraneShares") announced the launch of the KraneShares MSCI Emerging Markets ex China Index ETF, which listed today on the New York Stock Exchange (NYSE: KEMX). KraneShares is a U.S. asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies.
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large cap and mid cap companies within emerging market countries, excluding China.
This is KraneShares thirteenth U.S.-listed fund and third emerging market ETF. Rooted in the KraneShares thesis “China is an asset class”, investors will be able to pair KEMX with other KraneShares China-focused core and thematic funds to make a strategic investment without duplicating exposure to China.
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Source: KraneShares
J.P. Morgan Asset Management Expands BetaBuilders Suite with Exposure to U.S. Equity and Short Duration Fixed Income
April 11, 2019--Two New Fund Launches, BBUS and BBSA, Add to Menu of JPMorgan BetaBuilders ETFs
J.P. Morgan Asset Management today announced that it will offer efficient access to the largest equity market in the world through the new JPMorgan BetaBuilders U.S. Equity ETF ("BBUS") at a fee of 2 basis points.
The firm is also launching the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF ("BBSA"), at a fee of 5 basis points. Both ETFs are expected to list on the Cboe on Wednesday, March 13th.
"BetaBuilders represent our strategy to deliver a comprehensive range of market exposures through portfolio building blocks,' said Ogden Hammond, Global Head of Beta Product & Business Development for J.P. Morgan Asset Management. "These launches add to our full range of active, strategic beta and passive ETF options, helping clients build stronger portfolios."
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Source: J.P. Morgan Asset Management
