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Deutsche Bank AG Announces Intention To Delist Its Agriculture, Base Metals, Commodity, Crude Oil and Equity ETNs
March 20, 2019--Deutsche Bank announced today that it plans to delist the following exchange traded notes (ETNs) from NYSE Arca due to low levels of trading activity for the ETNs.
ETN Name: DB Agriculture Double Long Exchange Traded Notes due April 1, 2038
DB Agriculture Long Exchange Traded Notes due April 1, 2038
DB Base Metals Double Short Exchange Traded Notes due June 1, 2038
DB Base Metals Double Long Exchange Traded Notes due June 1, 2038
DB Base Metals Short Exchange Traded Notes due June 1, 2038
DB Commodity Double Long Exchange Traded Notes due April 1, 2038
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Source: Deutsche Bank AG
White House foresees long economic boom where others don't
March 19, 2019--Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure.
The annual report from President Donald Trump's Council of Economic Advisers forecasts that the economy will expand a brisk 3.2 percent this year and a still-healthy 2.8 percent a decade from now. That is much faster than the Federal Reserve's long-run forecast of 1.9 percent annual economic growth.
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Source: Zawya.com
Innovator Readies April Series of Defined Outcome S&P 500 Buffer ETFs
March 19, 2019--The only ETFs in the world to provide S&P 500 exposure, to a cap, with known downside buffers
Innovator Capital Management, LLC (Innovator) announced today the anticipated upside cap ranges and return profiles for the April Series of Innovator S&P 500 Buffer ETFs, scheduled for Cboe listing on April 1, 2019.
The Innovator S&P 500 Buffer ETFsm suite seeks to provide investors with exposure to the S&P 500 Price Return Index (S&P 500) up to a Cap, with downside buffer levels of 9%, 15%, or 30% over an Outcome Period of approximately one year. The ETFs reset annually and can be held indefinitely.
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Source: Innovator Capital Management, LLC.
RYZZ Capital launches ETF for managed futures
March 19, 2019--Fears of a global economic slowdown saw the Dow Jones Industrial Average post five losing sessions in a row during early March, which is a reminder to investors that the volatility that racked the markets in the fourth quarter of 2018 could return at any time.
In 2019, investors may need to play more defense against volatility, and with long-bias focus centered on risk-adjusted returns, the RYZZ Managed Futures Strategy Plus ETF (NYSEArca: RYZZ) could be what investors are looking for.
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Source: etftrends.com
Bitwise Asset Management Presentation to the U.S. Securities and Exchange Commission
March 19, 2019--Bitwise Asset Management, Inc. provided a attached presentation to the SEC with reference to market manipulation concerns.
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Source: SEC.gov
Middlefield Expands ETF Platform
March 18, 2019--Middlefield Group is pleased to announce the expansion of its ETF platform with the proposed conversion of Middlefield Healthcare & Wellness Dividend Fund ("Wellness Fund"")
Middlefield Group is pleased to announce the expansion of its ETF platform with the proposed conversion of Middlefield Healthcare & Wellness Dividend Fund ("Wellness Fund") (TSX: HWF.UN) and American Core Sectors Dividend Fund ("Core Fund") (TSX: ACZ.UN), collectively referred to as the "Conversions".
In keeping with our objective of providing value-added solutions to investors and financial advisors, these additions to our ETF platform represent unique, actively managed strategies which investors would have difficulty replicating with passive investment products.
view Horizons ETFs Rebalances the Horizons Marijuana Life Sciences Index ETF view more Lipper U.S. Weekly FundFlows Insight Report: Fixed Income Funds Drive Overall Net Inflows for the Week
Market Overview
view more CFTC.gov Commitments of Traders Reports Update The Effect of Government Debt on Interest Rates: Working Paper 2019-01 view the The Effect of Government Debt on Interest Rates White paper
Source: American Core Sectors Dividend Fund
March 18, 2019--Quarterly rebalance includes a leading U.S.-based CBD producer
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF ("HMMJ:TSX").
HMMJ is the world's first ETF offering direct exposure to North American-listed securities that are involved with marijuana bioengineering and production. Once again, the ETF has added additional companies to its portfolio as more firms have become eligible for inclusion in its underlying index-the North American Marijuana Index.
Source: Horizons ETFs Management (Canada) Inc.
March 15, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) had net inflows of slightly less than $3.0 billion for the fund-flows trading week ended Wednesday, March 13. Fixed income funds led the net positive flows as taxable bond funds and municipal debt funds grew their coffers by $2.6 billion and $1.6 billion, respectively.
Equity funds contributed $891 million to the total net inflows, while money market funds suffered net outflows of $2.2 billion.
The major equity indices all recorded positive returns for the fund-flows trading week. The NASDAQ Composite paced the increases at 1.83%, while the S&P 500 Index and Dow Jones Industrial Average were up 1.42% and 0.11%, respectively.
Source: Refinitiv
March 15, 2019--The current reports for the week of March 15, 2019 are now available.
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Source: CFTC.gov
March 14, 2019--On average over the long term, each increase of 1 percentage point in federal debt as a percentage of GDP boosts interest rates by 2 to 3 basis points, CBO estimates.
Summary
Under current law, the level of federal debt relative to gross domestic product (GDP) is projected to rise significantly over the next decade. The relationship between debt and interest rates plays a key role in the Congressional Budget Office's economic and budget projections (especially long-term projections) and for dynamic analyses of fiscal policy, where the sensitivity of interest rates with respect to changes in the level of debt is vitally important. In this analysis, we use a reduced-form regression to estimate the relationship between projected federal debt and expected long-term interest rates. Our results suggest that the average long-run effect of debt on interest rates ranges from about 2 to 3 basis points for each increase of 1 percentage point in debt as a percentage of GDP. We also use a dynamic stochastic general equilibrium model to illustrate how the response of interest rates to debt depends on the type of fiscal policy generating changes in the debt. In the context of that model, fiscal policies that bolster incentives for households and firms to invest in private capital or supply additional labor elicit a smaller interest rate response than the response suggested by the reduced-form estimates, which do not control for the nature of the fiscal policy change. Conversely, the results suggest that a fiscal policy that contains few or no incentives for households and firms to invest in additional private capital or supply additional labor elicits a larger interest rate response than that suggested by the reduced-form estimates.
Source: Edward Gamber and John Seliski Congressional Budget Office (CBO)
