Americas ETP News
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NYSE Gets New Cannabis ETF With Unique Characteristics
July 8, 2019--The New York Stock Exchange is getting a new cannabis-focused ETF: The Cannabis ETF (NYSE:THCX).
With a name as great as its ticker, the Cannabis ETF will focus on companies in the legal marijuana, CBD, and hemp industries.
This passively managed pure-play ETF was launched by Innovation Shares, a sponsor of unique thematic exchange traded funds, and will trade on the NYSE Arca, formerly known as ArcaEx.
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Source: Forbeas
SEC and FINRA-Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities
July 8, 2019--Market participants have raised questions concerning the application of the federal securities laws and the rules of the Financial Industry Regulatory Authority ("FINRA") to the potential intermediation-including custody-of digital asset securities[1] and transactions.
In this statement, the staffs of the Division of Trading and Markets (the "Division") and FINRA (collectively, the "Staffs")-drawing upon key principles from their historic approach to broker-dealer regulation and investor protection—have articulated various considerations relevant to many of these questions, particularly under the SEC's Customer Protection Rule applicable to SEC-registered broker-dealers.[2]
As a threshold matter, it should be recognized by market participants that the application of the federal securities laws, FINRA rules and other bodies of laws to digital assets, digital asset securities and related innovative technologies raise novel and complex regulatory and compliance questions and challenges.
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Source: sec.gov
CFTC.gov Commitments of Traders Reports Update
July 8, 2019--The current reports for the week of July 2, 2019 are now available.
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Source: CFTC.gov
FTSE Russell launches first climate risk government bond index1
July 8, 2019--FTSE Climate Risk-Adjusted World Government Bond Index allows sovereign debt investors to incorporate climate change risk considerations
into their portfolios
First time that a quantitative measure of climate risk has been applied to
sovereign debt
Countries are weighted in the index according to their "Climate Score"-the higher the index weight, the lower the Climate Risk exposure
Index utilises climate risk modelling developed by Beyond Ratings,
respected ESG analytics provider recently acquired by LSEG
FTSE Russell, the global index, data and analytics provider, has launched the first government bond index to
adjust index weights based on each country's preparedness and resilience to climate change risk. The FTSE
Climate Risk-Adjusted World Government Bond Index ("Climate WGBI") is derived from the FTSE World
Government Bond Index, a widely used benchmark of investment-grade sovereign bonds of 22 developed
economies.
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Source: FTSE Russell
Vanguard hits back at Fidelity's loss-eader strategy by courting higher-margin businesses, like China and private equity, and axing low-margin ones like annuities--Wealth management franchises are next
July 8, 2019--The zero-fee scourge of index funds awakened the sleeping Malvern, Pa.-based giant from its predictable destiny and now CEO Tim Buckley is unapologetically showing a willingness to cut losses and seek risk
The Fidelity CEO's ability to pay for zero-fee funds with higher-margin businesses showed it still had cards to play in a game where the Vanguard CEO perennial ace is not to seek much in the way of profits at all. In other words, Fidelity's strategy is finding new ways to take on Vanguard's, not-for-profit mutual-style tactics.
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Source: riabiz.com
Lipper U.S. Weekly FundFlows Insight Report: Funds Take in Net New Money for the Fourth Straight Week
July 6, 2019--Lipper's fund asset groups (including both mutual funds and exchange-traded funds) had net positive flows of $10.0 billion for the fund-flows trading week ended Wednesday, July 3.
Money market funds (+$26.6 billion) drove the weekly net inflows, while taxable bond funds (+$2.0 billion) and municipal debt funds (+$1.2 billion) also contributed to the total net inflows. Equity funds were the only asset group to suffer net outflows for the week, as they saw $19.8 billion leave their coffers.
ETFs
The ETF universe had net outflows of $9.8 billion last week, as equity ETFs (+$9.9 billion) were responsible for all of the net negative flows. The lion's share of the net outflows for equity products came from iShares Core S&P 500 (IVV, -$6.7 billion), Invesco QQQ Trust (QQQ, -$2.7 billion), and SPDR S&P 500 ETF (SPY, -$1.6 billion). Muni debt (+$103 million) and taxable bond ETFs (+$16 million) both took in relatively small amounts of net new money for the week.
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Source: Refinitiv
BlackRock(R) Canada Announces Change in Index of the iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged)
July 3, 2019--BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock) today announces that effective on or about September 23, 2019, the index that the iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged) (the "iShares ETF") seeks to replicate will change as follows:
Current Index: S&P Global 1200 Consumer Discretionary Canadian Dollar Hedged Index
New Index: S&P Global 1200 Consumer Discretionary (Sector) Capped CAD Hedged Index
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Source: BlackRock Asset Management Canada Limited
US bond ETFs attract record $25bn inflows in June
July 1, 2019--Global growth and trade worries send investors hunting for safety
Fixed income exchange-traded funds in the US attracted $25.4bn in June, the biggest monthly inflows on record, as investors piled into bonds amid an uncertain growth outlook.
The record haul for US bond ETFs surpassed the previous monthly milestone set in October 2014 by 45 per cent and brings the annual net inflows for fixed income ETFs to $73.5bn, according to Bloomberg data.
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Source: FT.com
Innovator Lists the First MSCI EAFE and Emerging Markets Defined Outcome Buffer ETFs on NYSE Arca
July 1, 2019--The only international buffer ETFs
New ETFs provide exposure to international developed and emerging markets, up to a cap, with downside buffer levels of 15% over a one year outcome period
Expands opportunity for investors seeking to mitigate downside risk and participate in the growth of international equity markets
Innovator Capital Management, LLC (Innovator) announced today the July Series of Innovator MSCI EAFE and MSCI Emerging Markets Buffer ETFs have begun trading on the NYSE Arca.
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Source: Innovator Capital Management, LLC
US bond ETFs attract record $25bn inflows in June
July 1, 2019-- US bond ETFs attract record $25bn inflows in June
Global growth and trade worries send investors hunting for safety
Fixed income exchange-traded funds in the US attracted $25.4bn in June, the biggest monthly inflows on record, as investors piled into bonds amid an uncertain growth outlook.
The record haul for US bond ETFs surpassed the previous monthly milestone set in October 2014 by 45 per cent and brings the annual net inflows for fixed income ETFs to $73.5bn, according to Bloomberg data.
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Source: FT.com
