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Tradeweb brings RFQ trading to options industry
August 16, 2018--Tradeweb Markets, a global leader in electronic financial marketplaces, today announced the launch of the Tradeweb U.S. options platform for institutional customer-to-dealer trading.
Designed to improve efficiency and access to liquidity in the surging U.S. options market, the Tradeweb U.S. equity options platform allows institutional investors to directly source full-size price quotes from multiple market makers using the request for quote (RFQ) protocol Tradeweb pioneered in the fixed income cash and derivatives markets as well as ETF markets.
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Source: finextra.com
Purpose Investments Inc. Announces Results of Meetings of Securityholders Relating to Fund Mergers
August 16, 2018--Purpose Investments Inc. ("Purpose") is pleased to announce that the special meetings relating to the approval of the following previously announced mergers (the "Mergers") were held today.
These Mergers are a continuation of Purpose's efforts to enhance and improve its product lineup, and ensure investors have access to the best solutions to help drive better portfolio outcomes. Accordingly, the following Mergers will take effect on or about August 27, 2018:
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Source: Purpose Investments
Thomson Reuters-U.S. Weekly FundFlows Insight Report: Investors Embrace Fixed Income Funds During the Week
August 16, 2018--For the first week in four investors were net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $1.6 billion for Thomson Reuters Lipper's fund-flows week ended August 15, 2018.
However, fund investors continued to pad the coffers of taxable bond funds (+$798 million) and municipal bond funds (+$452 million), while being net redeemers of money market funds (-$2.2 billion) and equity funds (-$639 million).
Market Wrap-Up
As the tug of war between China and the U.S. over tariffs continued, news of Turkey's currency crisis put the spotlight on global risks during the fund-flows week and weighed heavily on the global markets.
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Source: Thomson Reuters
Perth Mint Physical Gold ETF (NYSE Arca: AAAU) Debuts as First ETF with Sovereign-Backed Gold
August 15, 2018--AAAU is fully backed by physical gold and that underlying physical gold is guaranteed by the Government of Western Australia with shares exchangeable for delivery of a wide range of gold products
The Perth Mint, Australia's largest precious metals refining, minting and depository enterprise, today announced the launch of the Perth Mint Physical Gold ETF (NYSE: Arca: AAAU) on the New York Stock Exchange (NYSE). Unique in the marketplace, AAAU is the first gold exchange-traded fund (ETF) that is backed by pure gold, where that physical gold is guaranteed by a sovereign entity and offers shares that can be exchanged for physical gold.
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Source: Perth Mint
CFTC.gov Swaps Report Update
August 15, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Treasury International Capital Data for June
August 15, 2018--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2018. The next release, which will report on data for July 2018, is scheduled for September 18, 2018.
The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $114.5 billion. Of this, net foreign private inflows were $142.4 billion, and net foreign official outflows were $27.9 billion.
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Source: Treasury.gov
Loncar China BioPharma ETF (CHNA) Launches on Nasdaq
August 15, 2018--CHNA offers diversified exposure to leading companies in China's burgeoning BioPharma industry
Today, the Loncar China BioPharma ETF (Nasdaq: CHNA) begins trading on the Nasdaq in the United States.
The CHNA ETF seeks to give investors access to China's rapidly-developing biopharmaceutical industry. It is based on the Loncar China BioPharma Index, an innovative index developed by biotechnology investor Brad Loncar.
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Source: Exchange Traded Concepts
There's Now an Exchange-Traded Bitcoin Note That American Investors Can Buy
August 15, 2018--Swedish exchange-traded note easier for U.S. traders to buy
Bitcoin Tracker One similar to an American depositary receipt
If you want to buy Bitcoin without actually buying Bitcoin, you now have another way to own the controversial digital currency.
No, it's not the U.S. exchange-traded fund investors have been touting as a catalyst for demand for the embattled virtual money. It’s an exchange-traded note, and starting Wednesday, investors can buy it more easily even though it’s technically listed and regulated in Sweden. The product, called Bitcoin Tracker One, is now quoted in U.S. dollars under the ticker CXBTF, helping brokerages offer it to American investors.
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Source: Bloomberg
BlueStar Israel Equity Review & Outlook-August 2018-Israeli Equities Gain Momentum in July and Extend their Outperformance vs Developed International Stocks
August 14, 2018--Israeli Stocks continued their 2018 outperformance of Developed International Equities, extending its lead over EAFE in July by an additional 1.18%
The BlueStar Israel Global Index(R) (BIGI(R)) added 3.64%, reversing June's slight decline, bringing its 2018 YTD performance to 6.78%, which is 7.14% above EAFE's-0.36% YTD return
Israeli technology stocks, as defined by The BlueStar Israel Global Technology IndexTN (BIGITech(R)), were up 2.8% in July, led by key small-cap holdings, adding to the BIGITech's impressive YTD performance of 11.03%
This year BIGI(R) is outperforming the local TA-125 Index by 9.22%, as the TA-125 has missed out on the performance of some of Israel's top foreign-listed technology stocks. Furthermore, the rebound in shares of some of Israel's largest companies has added to performance, including Teva Pharmaceuticals-up 26.33% YTD
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Source: BlueStar Indexes(R)
ETF Traders are Leaving Money on the Table
August 14, 2018-New Report from Greenwich Associates Advises Banks and Investors to Treat ETFs as a Separate Asset Class
Investors and broker-dealers should start treating ETFs as an asset class all their own. Doing so would help improve execution quality and ramp up client commissions and overall profitability.
More than $5 trillion in assets are now managed in ETFs, which were originally created to provide retail investors with easier and cheaper access to broad swaths of the market. The market has dramatically transformed, however, and is now employed by institutional investors to hedge risk, manage cash flows, gain quick exposures to illiquid market segments, and more.
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Source: Greenwich Associates