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The Forum at ETF Research Center May 2019 Sector SPDR Analyzer
May 2, 2019--The ETF Analyzer, Sector SPDR Edition for May 2019 is ready for download. This monthly publication has succinct one-page reports on each of the 11 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors:
Evaluate the funds based on investment merit using fundamental data and analysis
Compare the Sector SPDRs with ease on a variety of forward-looking valuation metrics
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Source: The Forum at ETF Research Center
Asset managers preparing to launch nontransparent ETFs
May 1, 2019--With SEC approval closer than ever, fund companies focus on the latest ETF twist
Financial advisers would be wise to start boning up on the ins and outs of nontransparent exchange-traded funds, because they might be coming soon to a platform near you.
For years, asset managers have been trying to quietly nudge the concept of an ETF that discloses its portfolio holdings on a delayed basis, like a mutual fund, through regulatory approval. The three-quarters nod of approval earlier this month from the Securities and Exchange Commission is as close as these ETFs have gotten to reality.view more
Source: Investment News
Timothy Plan, Pioneer of Biblically Responsible Investing, Announces Two New ETFs
May 1, 2019-New Exchange-Traded Funds Will Further Help the Faithful Honor God With Their Money
Timothy Partners, LTD., advisor to the Timothy Plan family of funds, is announcing today the introduction of two new Exchange-Traded Funds (ETFs) that will help Christian investors continue to honor God with their money.
Launching Wednesday, May 1, Timothy Plan Large Cap Core and Timothy Plan High Dividend Stock ETF funds, like other ETFs, are an affordable, transparent, tax-efficient and simple way to invest, and steward their God-given resources wisely.
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Source: Timothy Partners, Ltd.
Federal Reserve issues FOMC statement
May 1, 2019--Information received since the Federal Open Market Committee met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low.
Growth of household spending and business fixed investment slowed in the first quarter. On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2 percent. On balance, market-based measures of inflation compensation have remained low in recent months, and survey-based measures of longer-term inflation expectations are little changed.
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Source: federalreserve.gov
Non-transparent active ETFs face headwinds
April 30, 2019--Despite the SEC's preliminary approval of Precidian Investments' non-transparent active ETF structure, analysts believe that it will take a while for asset managers and ETF strategists to get on board.
The Securities and Exchange Commission (SEC)'s recent decision to move towards approving Precidian funds sparked optimism among asset managers hopinh to launch non-transparent active ETFs, but such products still face multiple headwinds, according to a new report by Cerulli.
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Source: citywireusa.com
Sustainable Investing Firm Ethic Inc. Adds Jennifer Grancio to Advisory Board
April 30, 2019--Ethic Inc. ("Ethic"), the tech-driven asset management platform that powers sustainable equities solutions for wealth advisors and institutional investors, today announced the addition of exchange-traded fund industry veteran Jennifer Grancio to its advisory board.
Ms. Grancio brings almost two decades of financial services industry experience, having held senior executive positions within BlackRock's venerable iShares business for more than 18 years.
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Source: ETHIC
Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service
April 30, 2019--Stock exchange operator Nasdaq is adding yet another cryptocurrency index-this time for the world's third-largest cryptocurrency, XRP.
The company announced Monday that, through its partnership with New Zealand-based blockchain data and research firm Brave New Coin, it will offer "real-time" index information for XRP starting May 1.
Specifically, the XRP Liquid Index (XRPLX) will offer a spot or reference rate for the price of XRP, quoted in U.S. dollars and "based on the most liquid ends of their markets."
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Source: coindesk.com
Fund-Fee Study: The Key Factors Helping Drive Fund Fees Lower
April 30, 2019--The amount investors paid to own funds hit a record low in 2018: The asset-weighted average expense ratio for U.S. open-end mutual funds and exchange-traded funds fell to 0.48%, down from 0.51% in 2017. We estimate that investors saved roughly $5.5 billion in fund expenses last year due to this 6% fee decline, marking the second-largest year-over-year percentage decline since we began tracking asset-weighted average fees in 2000.
We believe several factors are driving this decrease in the asset-weighted average fee, such as:
Greater awareness. Investors are increasingly seeking to minimize investment costs, which has led them to favor lower-cost funds.
Intensifying competition. Many asset managers have been cutting fees to vie for market share.
Evolving advice model. The move toward fee-based financial advice has spurred the demand for lower-cost funds like ETFs.
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Source: Morningstar
ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise
April 30, 2019--Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market.
The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX has a number of firms looking to trade on its platform at launch, it did not disclose any names.
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Source: Coindesk
Morningstar's Annual Fee Study Finds That in 2018 Investors Paid Less to Own Funds Than Ever Before
April 30, 2019--Investors saved an estimated $5.5 billion in fund fees in 2018
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today published its annual fee study, which evaluates trends in the cost of U.S. open-end mutual funds and exchange-traded funds (ETFs).
The study found that across U.S. funds, the asset-weighted expense ratio dropped to 0.48% in 2018, compared to 0.51% in 2017. As a result, investors saved an estimated $5.5 billion in fund fees in 2018. This 6% percent year-over-year decline is the second largest recorded since Morningstar began tracking asset-weighted fees in 2000.
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Source: Morningstar, Inc.
