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Lipper U.S. Weekly FundFlows Insight Report: Money Market Funds Drive Overall Net Inflows for the Third Straight Week
May 17, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) had net positive flows of $3.9 billion for the fund-flows trading week ended Wednesday, May 15. Money market funds (+$14.5 billion) were responsible for the lion's share of the net positive flows for the third straight week.
The municipal debt fund (+$1.3 billion) and taxable bond fund (+$434 million) asset groups also contributed to the net inflows. Equity funds saw money leave their coffers (-$12.3 billion) for the fourth straight week. Equity funds have experienced slightly less than $25.0 billion in net outflows over the last two weeks-the group's worst two-week stretch of the year.
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Source: Refinitiv
Columbia Threadneedle changes up raft of ETFs
May 17, 2019--The firm has liquidated four funds, lowered the management fee on two and filed to launch two more smart beta products.
Columbia Threadneedle has made changes to a raft of ETFs, liquidating four funds, launching two and lowering the management fee on two more.
According to filings with the Securities and Exchange Commission, the firm is to lower the management fee on two strategic beta funds: the $22.2 million Columbia Multi-Sector Municipal Income ETF to 0.23% from 0.28% on June 1. It will also lower the management fee on the $11.2 million Columbia EM Core ex-China ETF to 0.16% from 0.35% on that date.
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Source: Citywireusa.com
CFTC.gov Commitments of Traders Reports Update
May 17, 2019--The current reports for the week of May 17, 2019 are now available.
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Source: CFTC.gov
Boom in Dodgy Wall Street Deals Points to Market Trouble Ahead
May 16, 2019--Junk bond issuance is surging as Uber, Lyft IPOs flop badly
People 'going to get burned,' says Wall Street veteran Front
The fourth-quarter stock market rout that wiped out $12 trillion in shareholder value and sparked a bout of Christmas Eve panic may have quickly been forgotten by most Americans, but not by the salespeople and financial engineers of Wall Street.
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Source: Bloomberg
Horizons ETFs launches Uranium ETF with Solactive Index as the underlying
May 16, 2019--Solactive is pleased to announce the release of its Solactive Global Uranium Pure-Play Index (SOLGUPP) serving as the underlying for Horizons Global Uranium Index ETF ("HURA").
With a mass that only makes up 0,0002 % of Earth’s crust, Uranium is a rare element. Its extraction process requires sophisticated machinery that can deal with the radiation this energetic commodity emits. Its unique feature is to be the only natural material that can keep self-sustaining nuclear fission, making it a valuable resource for humanity’s energy production.
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Source: Solactive AG
A New ETF To Refresh The Value Factor
May 16, 2019--Investors willing to bet the much-maligned value factor is poised to rebound can do so with a new, unique exchange traded fund.
The Acquirers Fund ZIG, a long/short domestic equity strategy, debuted Wednesday.
Los Angeles-based Acquirers Funds, a deep value manager run by Tobias Carlisle, is the firm behind ZIG. The objective of the new ETF is to hold long positions in companies that are deeply undervalued and could be targets for acquirers or activist investors while shorting richly valued and financially distressed companies.
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Source: marketwatch.com
New Realities in Wealth Management: U.S. Client Asset Growth Stalls in Down Market
May 16, 2019--Total U.S. client assets with brokers and registered investment advisors fell by US$495 billion to US$23.7 trillion in 2018, finds a new Aite Group report.
Total client assets in the U.S. wealth management industry have grown almost every year since 2008. In 2018, however, client assets dropped by 2.1%, the largest decline in over a decade.
This drop corresponded to a 4.4% decline in the S&P 500 Total Return Index. The 10-year compound annual growth rate of client assets now stands at 8%. Aite Group's latest report, New Realities in Wealth Management: U.S. Client Asset Growth Stalls in Down Market, examines the year's changes in the U.S. wealth management industry.
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Source: Aite Group, LLC
Evolve Cyber Security Index Fund Launches U.S. Dollar Unhedged ETF Units (TSX: CYBR.U)
May 16, 2019--Evolve Funds Group Inc. ("Evolve") is pleased to announce the launch of U.S. dollar denominated unhedged ETF units ("USD Unhedged ETF Units") of the Evolve Cyber Security Index Fund ("CYBR"), making it more convenient for Canadians who want to use U.S. dollars to invest.
The Evolve Cyber Security Index Fund has closed its initial offering of USD Unhedged ETF Units and will begin trading on the Toronto Stock Exchange ("TSX") today under the ticker symbol "CYBR.U".
CYBR.U follows the launch of Canadian dollar hedged (TSX: CYBR) and Canadian dollar unhedged (TSX: CYBR.B) ETF units on September 20, 2017.
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Source: Evolve ETFs
Innovator Preps to Expand Defined Outcome Suite With Monthly Series of S&P 500 Buffer ETFs
May 15, 2019--Monthly Issuance Provides Advisors a Wider Range of Return Profiles, and Additional Opportunities to Allocate Near the Beginning of an Outcome Period
Innovator Capital Management, LLC (Innovator) announced today plans to expand its category creating Defined Outcome ETFsm suite, moving to a monthly issuance of Innovator S&P 500 Buffer ETFs, beginning with the June Series anticipated to list on the Cboe, June 3rd, 2019.
"Based on robust investor demand across our Defined Outcome ETFsm suite, we are moving forward with a monthly issuance of Innovator S&P 500 Buffer ETFs to provide advisors with additional return profiles to choose from, and more opportunities to allocate near the beginning of an outcome period," said Bruce Bond, CEO of Innovator ETFs. "We believe having a broader range of S&P 500 Buffer ETFs available provides investors much greater flexibility in managing portfolios, be it to lock in gains, obtain new buffer levels to mitigate downside risk, or higher upside caps as prevailing market conditions change over time."
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Source: Innovator Capital Management, LLC
CFTC.gov Swaps Report Update
May 15, 2019--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
