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Thomson Reuters-Fund Investors and APs Embrace Fixed Income Funds and ETFs in August
September 19, 2018--For the second consecutive month investors were net purchasers of mutual fund assets, injecting $7.5 billion into the conventional funds business (excluding ETFs) for August.
Also for the second month in a row, money market funds witnessed net inflows, taking in $28.6 billion for August. Despite Federal Reserve Chair Powell’s outlining the Fed’s plans to hike its key lending rate, for the sixth month running the fixed income funds macro-group also witnessed net inflows, taking in $11.7 billion for August. However, for the fourth consecutive month stock & mixed-asset funds witnessed net outflows (-$32.8 billion for August).
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Source: Thomson Reuters
Treasury International Capital Data for July
September 18, 2018--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2018. The next release, which will report on data for August 2018, is scheduled for October 16, 2018.
The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $52.2 billion.
Of this, net foreign private inflows were $71.6 billion, and net foreign official outflows were $19.4 billion.
Foreign residents increased their holdings of long-term U.S. securities in July; net purchases were $40.6 billion. Net purchases by private foreign investors were $54.4 billion, while net sales by foreign official institutions were $13.8 billion.
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Source: Treasury.gov
A.G. Underwood Issues Virtual Markets Integrity Report, Finding Many Platforms Vulnerable To Abusive Trading, Conflicts Of Interest, And Other Consumer Risks
September 17, 2018--Report and Interactive Website Outline What Cryptocurrency Platforms are Doing-and Not Doing-to Protect Retail Customers from Theft, Fraud, and Abuse
Attorney General Barbara D. Underwood today announced the results of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of platforms used by consumers to trade virtual or "crypto" currencies like bitcoin and ether.
A href="https://ag.ny.gov/sites/default/files/vmii_report.pdf" TARGET="_blank">view the Virtual Markets Integrity Report
Source: Office of the New York Attorney General
AdvisorShares Active ETF Market Share Update-Week Ending 9/14/2018
September 17, 2018--Actively managed ETFs gained $678 million last week to reach $64.3 billion in total net assets.
First Trust and ARK Investment led weekly AUM growth among sponsors with $157 million and $110 million gains respectively. There were two fund closures and no fund launches, which lowered the total number of actively managed ETFs to 236.
PIMCO and iShares led weekly AUM growth among sponsors with $368 million and $43 million gains respectively.
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Source: AdvisorShares
U.S. Weekly FundFlows Insight Report: Fund Investors Take a Risk-Off Approach for the Week
September 13, 2018--For the second week in three investors were net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $3.3 billion net for Lipper's fund-flows week ended September 12, 2018. Fund investors padded the coffers of taxable fixed income funds (+$2.4 billion) but were net redeemers of money market funds (-$3.8 billion), equity funds (-$1.8 billion), and municipal bond funds (-$136 million).
Market Wrap-Up
Investors took their collective foot off the pedal for the fund-flows week as they continued to focus on escalating trade-war rhetoric between the U.S. and China and the large currency declines for Argentina and Turkey. The Dow Jones Industrial Average Price Only Index (+0.09%) and the S&P 500 Price Only Index (+0.01%) were the only U.S. broad-based indices posting plus-side returns for the flows week.
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Source: Thomson Reuters
American Century Investments(R) Launches Three Additional Exchange Traded Funds
September 12, 2018--American Century Investments today announced the further buildout of its suite of Exchange Traded Funds (ETFs). American Century(R) Quality Diversified International ETF (QINT), American Century(R) STOXX(R) U.S. Quality Growth ETF (QGRO) and American Century(R) Diversified Municipal Bond ETF (TAXF) are now available to clients and investors and are listed on the NYSE ARCA. STOXX(R) is a registered trademark of STOXX Ltd.
"We are building a line-up of ETFs that apply our unique insights to solve common investment problems and help investors achieve their goals," said Edward Rosenberg, senior vice president and head of ETFs for American Century Investments.
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Source: American Century Proprietary Holdings Inc.
CBO-Monthly Budget Review for August 2018
September 10, 2018--The federal budget deficit was $895 billion for the first 11 months of fiscal year 2018, the Congressional Budget Office estimates, $222 billion more than the shortfall recorded during the same period last year. Revenues were 1 percent higher than in the same period in fiscal year 2017, but outlays rose by about 7 percent.
As was the case last year, this year's outlays were affected by shifts in the timing of certain payments that otherwise would have been due on a weekend or a holiday. If not for those shifts, the increase in the deficit would have been smaller: The deficit for the 11-month period would have been $154 billion larger than last year's amount.
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Source: Congressional Budget Office (CBO)
Principal announces new leaders in global asset management
September 10, 2018--Principal Financial Group(R) announced top leadership appointments today to its $667 billion1 global asset management platform.
Tim Dunbar, executive vice president and chief investment officer, is promoted to president of the Global Asset Management business, which encompasses all of Principal's asset management capabilities including Principal Global Investors, Principal International investment operations2, the General Account, and RobustWealth, a recent digital investment advice acquisition.
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Source: Principal Financial Services, Inc.
SEC halts trading in two cryptocurrency products, citing market confusion
September 9, 2018--The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs).
The SEC said in a statement that trading in Bitcoin Tracker One and Ether Tracker One would be halted in the United States until at least Sept. 20.
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Source: Reuters
Korea's Mirae to launch Brazil's first fixed income ETF
September 7, 2018--Mirae Asset Global Investments is gearing up to launch Brazil's first fixed-income ETF in partnership with S&P Dow Jones Indices.
The Mirae Asset Renda Fixa Pré Fundo de Índice is set to go live on September 10, according to the Korean asset manager and B3, Brazil's leading stock exchange.
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Source: citywireamericas.com
