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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
Pimco and TCW funds whacked in Morningstar ratings revamp
May 14, 2019--Pimco and TCW funds whacked in Morningstar ratings revamp.
Several of the world's largest bond funds, including products from investment powerhouses Pimco and TCW, have been stripped of coveted four-and five-star ratings after Morningstar rejigged its ranking system for $1.5tn of fixed income funds.
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Source: FT.com
Quadratic Capital Launches IVOL, The Quadratic Interest Rate Volatility and Inflation Hedge ETF
May 14, 2019--IVOL is the first-of-its-kind ETF that is long fixed income volatility and designed to hedge against and profit from a steepening yield curve
Quadratic Capital Management (Quadratic) today announced the launch of its first exchange-traded fund, the Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Arca: IVOL).
IVOL is a first-of-its-kind fixed income ETF1 which seeks to hedge against an increase in inflation, and to profit from an increase in interest rate volatility and a steepening of the yield curve, whether that occurs via rising long-term interest rates or falling short term interest rates. A steepening yield curve has historically been associated with large equity market declines.
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Source: Quadratic Capital Management
These 3 China ETFs are Oversold and Undervalued
May 14, 2019--In little over a week since President Trump's tweet announcing tariffs on many Chinese goods would rise from 10% to 25%, the 28 Chinese equity funds in our database have lost an average of 10.4%, which is more than double the drop in the S&P 500 SPDR (SPY) since then. Many of the Chinese ETFs are also considered oversold, with Relative Strength Indicators (RSI) of below 30.
Traders are right to worry about the fallout from a trade war between the U.S. and China. The damage to corporate profits—whether severe or barely noticeable—is unknowable. This uncertainty is rightly being reflected in stock prices. But it is also likely that there are bargains among the wreckage, and investors might be able to pick up solid companies at a discount.
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Source: The Forum at ETF Research Center
US regulator SEC gives go-ahead for first 'negative fee' fund
May 13, 2019--The Securities and Exchange Commission (SEC), the US financial regulator, has approved the first ever "negative fee" fund, which will pay investors for depositing their money.
New York-based Salt Financial has waived its 0.29 per cent fee and will contribute 0.05 per cent to the fund instead meaning an investor will receive $5 (£3.86) for every $10,000 put into the new fund.
Investors in the Salt Low Tru Beta US Market ETF will benefit from the fee waiver agreement until the fund reaches $100m of assets.
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Surce: cityam.com
Cboe Global Markets Welcomes 16 Barclays iPath(R) ETNs to its Listings Marketplace
May 13, 2019--Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today welcomed 16 iPath(R) Exchange Traded Notes (ETNs) from Barclays to the Cboe Listed Marketplace-one of the single largest transfers the exchange has handled to date.
With the addition of these ETNs, Cboe is now the primary listing venue for an expanded suite of iPath(R) ETNs, including Barclays' entire set of volatility ETNs. There are currently a total of 18 Barclays ETNs, with approximately $1.62 billion dollars in consolidated assets under management, listed on Cboe.
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Source: Cboe Global Markets, Inc
FTSE Russell Small cap's flight from darkness
May 13, 2019--Index IDEA: US small caps gain strength in 2019 as new investor tools emerge
After underperforming US large cap stocks by more than 6% in 2018-and more than 8% over the past year as of May 3-US small cap stocks have changed course in 2019, gaining 20.2% relative to an 18.7% return for US large cap stocks through May 3. This recent run of stronger relative performance highlights the investor need to manage exposure to this important asset class.
Small cap's flight from darkness
The beginning of May has seen a brief outbreak of volatility, triggered by concerns of escalating US/China trade war tensions. And although the path forward remains to be seen during these times of uncertainty, it seems a fitting time to look at past instances of volatility—and to reflect on how resilient the markets can be.
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Source: FTSE Russell
S&P 500 Futures Tumble, Extending Worst Weekly Drop of 2019
May 12, 2019--Escalating trade war rattles equity bulls, fuels haven demand
U.S. hikes tariffs as China threatens to retaliate in spat
U.S. equity futures slid, extending the stock market's biggest weekly decline of the year, as a weekend of back-and-forth trade squabbling kept investors glued to news screens as earnings season wound down.
June contracts on the S&P 500 Index fell 1.4% and futures the Nasdaq 100 Index retreated 1.8% as of 9:20 a.m. in London.
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Source: bloomberg
The Day Traders Are Back, Now Playing With Options
May 11, 2019--Compared with buying stocks, the fees and risk for individual investors are considerably higher
Martin Rogers has been regularly trading options from his mobile phone since last summer, after dabbling in stocks and derivatives for years.
A pharmaceutical representative based in Winter Garden, Fla., Mr. Rogers is often on the road and has been drawn to the ease of trading between meetings and the possibility of high returns.
"I could invest $100 and get 100% return on it," Mr. Rogers said. When he first started trading options, he was blown away by the results. "Just looking at how powerful it was to make money..it
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Source: Wall Street Journal
iShares Launches 5 Defined Maturity High-Yield Bond ETFs
May 10, 2019--BlackRock Inc.'s iShares unit, the world's largest issuer of exchange traded funds, added to its lineup of fixed income ETFs Thursday with the debuts of five defined maturity high-yield bond ETFs.
What Happened
Defined maturity ETFs are funds holding bonds that mature in a particular year. During the fund's target year, the issuer does not reinvest coupon and interest payments, but rather holds the cash from those payments. By the end of the target year when all of the fund's holdings have matured, the issuer distributes cash proceeds to the fund's investors.
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Source: Benzinga.com
