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TD Asset Management Launches Actively Managed ETFs
November 14, 2018--New funds will provide clients with a suite of actively-managed, exchange-traded investment solutions
TD Asset Management Inc. ("TDAM"), today announced the launch of three, actively-managed TD Exchange Traded Funds ("TD ETFs").
The launch of the new TD ETFs broadens TD's diverse suite of product offerings and commitment to providing clients with innovative solutions to help meet their investment needs. The new TD ETFs are competitively priced and are specifically designed to seek out strong, risk-adjusted returns.
view more SEC Official Warns Leveraged Funds Could Hurt Reputation of ETFs view more
UBS Launches the ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B view more U.S. Weekly FundFlows Insight Report: Equity Funds and ETFs See Net Outflows Despite Strong Market Returns During the Week
Market Wrap-Up
view more UBS accused of causing billions in investor losses CBO-Monthly Budget Review: Summary for Fiscal Year 2018 In fiscal year 2018, which ended on September 30, the federal budget deficit totaled $779 billion-$113 billion more than the shortfall recorded in 2017. The deficit increased to 3.8 percent of the nation's gross domestic product (GDP) in 2018, up from 3.5 percent in 2017 and 3.2 percent in 2016. Outlays in 2018 were reduced by a shift in the timing of certain payments; those payments were instead made in fiscal year 2017 because October 1, 2017 (the first day of fiscal year 2018), fell on a weekend. If not for that shift, the deficit in 2018 would have been $823 billion, or 4.1 percent of GDP.
view more Lipper U.S. Weekly FundFlows Insight Report: Overall Net Outflows Are Driven by Investors Fleeing Fixed Income Funds
Market Overview
view more SEC Adopts Rules That Increase Information Brokers Must Provide to Investors on Order Handling view more
The November survey, canvassing investors managing $641 billion, was conducted from Nov 2-8 as funds, relieved over the outcome of U.S. midterm elections, rushed to buy more equities.
Source: Reuters
November 12, 2018--Investment products that use derivatives to improve returns are threatening the reputation of the $3.6 trillion market for exchange-traded funds, according to one of five commissioners at the U.S. Securities and Exchange Commission.
"The risk with levered ETFs is that the entire asset class will be painted with this brush," said Robert Jackson Jr., adding that he fears Americans will buy and hold these products in their retirement accounts, and then get a nasty surprise when they lose their money.
Source: Bloombergquint.com
November 9, 2018--UBS Investment Bank today announced that the ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (NYSE Arca(R): SMHB), will begin trading on NYSE Arca(R).
SMHB is linked to the monthly compounded 2x leveraged performance of the Solactive US Small Cap High Dividend Index.
Source: UBS
November 8, 2018--November 8, 2018--For the second week in three investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $19.3 billion for Lipper's fund-flows week ended November 7, 2018.
Fund investors were net purchasers of taxable fixed income funds (+$4.1 billion) and money market funds (+$23.9 billion) while being net redeemers of equity funds (-$8.5 billion) and municipal bond funds (-$256 million).
Investors appeared to cheer the expected government gridlock resulting from the midterm elections. As expected, the Democrats took control of the House of Representatives, while the Republicans shored up their control of the Senate.
Source: Thomson Reuters
November 8, 2018--The US justice department filed a lawsuit against UBS on Thursday, accusing the Swiss bank of causing investors to lose "many billions of dollars" on residential mortgage-backed securities that it issued in the run-up to the financial crisis.
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Source: FT.com
November 7, 2018-In fiscal year 2018, the budget deficit totaled $779 billion-$113 billion more than the shortfall recorded in 2017.
Measured as a share of GDP, the deficit increased to 3.8 percent in 2018, up from 3.5 percent in 2017 and 3.2 percent in 2016.
Source: Congressional Budget Office (CBO)
November 2, 2018--Lipper's fund asset groups (including both mutual funds and ETFs) saw $6.2 billion net leave their coffers for the fund-flows week ended Wednesday, October 31. The net outflows were attributable to taxable fixed income funds (-$7.5 billion) and municipal bond funds (-$1.3 billion).
The equity funds (+$2.4 billion) and money market funds (+$176 million) asset groups both took in net new money.
The Dow Jones Industrial Average (+2.17%) and the S&P 500 Index (+2.09%) had bounce-back performances for the fund-flows week ended Wednesday, October 31, but that was not enough to salvage their overall performance for the month of October. The S&P 500 was down 6.94% for the month, its worst monthly performance since September 2011 when it retreated 7.18%. Meanwhile, the Dow lost 5.07% this October.
Source: Thomson Reuters
November 2, 2018--The Securities and Exchange Commission today announced that it has voted to adopt amendments that will require broker-dealers to disclose to investors new and enhanced information about the way they handle investors' orders.
"In the eighteen years since the Commission originally adopted its order handling and routing disclosure rules, technology and innovation have driven significant changes in the way that our equities market functions and investors transact," said Chairman Jay Clayton. "This rule amendment will make it easier for investors to evaluate how their brokers handle their orders and ultimately make more informed choices about the brokers with whom they do business."
Source: SEC.gov
