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WisdomTree Launches the WisdomTree 90/60 U.S. Balanced Fund (NTSX)
August 2, 2018--NTSX Offers New Approach to Traditional Asset Allocation
WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the WisdomTree 90/60 U.S. Balanced Fund (NTSX) on the NYSE Arca. The Fund has an expense ratio of 0.20%.
NTSX, WisdomTree's second asset allocation ETF, seeks to achieve total return by investing in large-cap U.S. equities and U.S. Treasury futures contracts. More specifically:
This exposure is created by investing approximately 90% of Fund assets in a representative basket of U.S. equity securities of large-capitalization companies generally weighted by market capitalization and 10% in short-term fixed income securities that collateralize a targeted 60% notional exposure to U.S. Treasury futures.
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Source: WisdomTree
NYSE-owner ICE to launch new fixed income ETF platform
August 2, 2018--Intercontinental Exchange Inc is partnering with BlackRock Inc on a new fixed income exchange-traded fund execution platform to open next year, the owner of the New York Stock Exchange said on Thursday after reporting a rise in quarterly earnings.
The new platform will be a wholly-owned subsidiary of ICE and is aimed at simplifying the creation and redemption process for ETF units, which can then be split up and sold to investors in the secondary market, ICE said. BlackRock will help develop and support the system.
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Source: Reuters
Passive investing is storing up trouble
August 2, 2018--I was recently informed by the owner of an artificial intelligence fund that markets do not listen to economists any more.
Rather than immediately dust off my CV and see what transferable skills I might have, I dug around for evidence of his claim and found there was something to it.
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Source: canadanewsmedia.ca
Defiance ETFs Launches AUGR, Providing Targeted Exposure to Augmented and Virtual Reality (AR/VR) Innovators, Leaders and Adopters
August 1, 2018--AR/VR technology is changing how we live, work and play
AUGR "goes global" and includes companies across the cap range in an equally weighted portfolio
Defiance ETFs today announced the launch of its Defiance Future Tech ETF (NYSE:AUGR), which is designed for investors seeking to capitalize on the growing opportunities in augmented reality and virtual reality (AR/VR) technology, a disruptive tech category that is already having a meaningful impact on a wide range of industries.
"The AR/VR space has extended far beyond its roots in gaming to applications in healthcare, retail, manufacturing, entertainment and more," said Matthew Bielski, founder and CEO of Defiance ETFs. "But as the category matured and expanded, investors lacked options for adding targeted exposure to AR/VR leaders to their portfolios. With AUGR that problem has been solved, and access to the category is now available in a highly liquid ETF wrapper.”
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Source: Defiance ETFs
CFTC.gov Swaps Report Update
August 1, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Thompson Hine Update-SEC's Proposed ETF Rule Removes Some Conditions Compared to Prior Exemptive Orders, But Adds Others
August 1, 2018--Key Notes:
Proposed rule 6c-11 omits representations and conditions contained in prior exemptive orders, including the requirement for the dissemination of an intraday indicative value and certain marketing requirements.
The rule also includes additional requirements not found in prior orders, including those relating to custom baskets and website disclosures.
All exchange-traded funds (ETFs) operate subject to a variety of conditions and required representations imposed by their respective exemptive orders they received from the Securities and Exchange Commission (SEC). While ETFs would be spared the expense and delay of obtaining an exemptive order if newly proposed rule 6c-11 under the Investment Company Act of 1940 (1940 Act) is adopted, they nevertheless would be required to satisfy a number of conditions
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Source: Thompson Hine
U.S. bank regulator allows fintech firms to seek federal charter
July 31, 2018--A U.S. bank regulator said on Tuesday it would start accepting national charter applications from financial technology companies, giving so-called fintech firms a path to federal oversight for the first time.
The move by the U.S. Office of the Comptroller of the Currency (OCC) will be cheered by the likes of OnDeck Capital Inc (ONDK.N), Kabbage and LendingClub Corp (LC.N) because it opens the door to operating nationwide under a single licensing and regulatory regime instead of a patchwork of state licenses.
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Source: Reuters
Treasury Releases Report on Nonbank Financials, Fintech, and Innovation
July 31, 2018--Fourth report in a series on the Administration's Core Principles for Financial Regulation
The U.S. Department of the Treasury today released a report identifying improvements to the regulatory landscape that will better support nonbank financial institutions, embrace financial technology, and foster innovation.
"American innovation is a cornerstone of a healthy U.S. economy. Creating a regulatory environment that supports responsible innovation is crucial for economic growth and success, particularly in the financial sector,” said Secretary Steven T. Mnuchin. "America is a leader in innovation. We must keep pace with industry changes and encourage financial ingenuity to foster the nation's vibrant financial services and technology sectors."
The report issued today is Treasury's fourth report in response to Executive Order 13772. Issued by President Trump in February 2017, this E.O. calls on Treasury to identify laws and regulations that are inconsistent with the Core Principles for financial regulation it set forth.
view the A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation report
Source: Treasury.gov
ETFGI reports that assets invested in ETFs and ETPs listed in Latin America reached US$7.99 billion at the end of June 2018
July 31, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that that assets invested in ETFs listed in Latin America reached US$7.99 billion at the end of June 2018; increasing by 3.91% from US$7.69 billion at the end of May. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs listed Latin America increased by 3.91% during June 2018 to reach $7.99 Bn.
Year-to-date, assets have increased by 17.6%, from $6.80 Bn at the end of 2017.
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Source: ETFGI
Global X Funds Introduces TargetIncomeTM Family of ETFs
July 31, 2018--The ETFs, structured as fund-of-funds, aim to deliver specified yield
Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X TargetIncomeTM 5 ETF (CBOE: TFIV), and the Global X TargetIncomeTM Plus 2 ETF (CBOE: TFLT).
TFIV seeks to achieve a 5% yield, net of fees, while TFLT seeks to achieve the yield on the current 10 Year US Treasury Note, plus 2%, with both funds expected to pay distributions on a monthly basis.
In a decades long shift from defined benefit (DB) plans, which provide investors with predictable income streams in retirement, to defined contribution (DC) plans, individual investors have assumed much of the risk relating to their retirements. With an outcome-based approach, TFIV and TFLT seek to help investors achieve a specific income levels from their retirement assets.
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Source: Global X