Americas ETP News
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Evolve Marijuana ETF is top-performing TSX-listed equity ETF over past year
March 5, 2019--Evolve ETFs ("Evolve") is pleased to announce that for the 12 month period ending February 28, 2019, the Evolve Marijuana ETF ("SEED") is Canada's top performer out of 504 equity ETFs listed on the TSX.1
EED returned 48.48% over this period, more than doubling the performance of the North American Marijuana Index during the same period.
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Source: Evolve ETFs
Defiance ETFs Launches the First 5G ETF (NYSE: FIVG) for 0.30%
March 5, 2019--Defiance ETFs has announced the launch of The Defiance Next Gen Connectivity ETF, the first 5G ETF (NYSE:FIVG) available for trading today, with an expense ratio of 0.30%
"5G is disruption. It is the catalyst of the next revolution of technology. In our view, 5G will likely be the engine behind smart cities, augmented reality, remote virtual robotics surgery, autonomous vehicles and quantum computing, which we expect to roll out in 2019," said Matthew Bielski, Chief Executive Officer of Defiance.
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Source: Defiance ETFs
J.P. Morgan Asset Management Announces Liquidation of Two Exchange-Traded Funds
March 5, 2019--Funds are expected to liquidate in April 2019
J.P. Morgan Asset Management today announced the upcoming liquidation and dissolution of two exchange-traded funds: JPMorgan Diversified Return International Currency Hedged ETF (JPIH) and JPMorgan Diversified Return Europe Currency Hedged ETF (JPEH) (collectively, the "Funds").
Shareholders of the Funds may sell their holdings of each Fund on NYSE Arca, Inc. ("NYSE Arca") until market close on March 28, 2019 (transaction fees from their broker-dealer may be incurred). The Funds' shares will no longer trade on NYSE Arca after market close on March 28, 2019, and the shares will subsequently be delisted. Shareholders who continue to hold shares of any of the Funds on the Funds' liquidation date, which is expected to be on or about April 5, 2019, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares.
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Source: J.P. Morgan Asset Management
Cboe Global Markets Reports February 2019 Trading Volume
March 5, 2019--Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported February monthly trading volume.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of February and year-to-date trading statistics and market share by business segment, volume in select index products, and Revenue Per Contract (RPC), which is reported on a one-month lag, across business lines.
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Source: Cboe Global Markets, Inc.
CFTC.gov Commitments of Traders Reports Update
March 5, 2019--The current reports for the week of March 5, 2019 are now available.
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Source: CFTC.gov
BNY Mellon DR Index Monthly Performance-February 2019
March 4, 2019--The BNY Mellon DR Index Monthly Performance for February 2019 report is now available.
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Source: BNY Mellon
ALPS Advisors, Inc. to Close an Exchange Traded Fund
March 4, 2019--ALPS Advisors, Inc., acquired by SS&C, providing products and services to the financial services industry, today announced The Fund-Workplace Equality Portfolio (NYSE ARCA: EQLT)-will close to new investors on April 25, 2019 and liquidate on April 29, 2019.
The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of the Fund's inability to attract significant market interest since the Fund's inception, its future viability as well as prospects for growth of the Fund’s assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund's shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Friday, April 26, 2019.
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Source: ALPS
Lipper U.S. Weekly FundFlows Insight Report: Funds Record Net Positive Flows as All Asset Groups Contribute
March 4, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) took in more than $15.9 billion in net new money for the fund-flows trading week ended Wednesday, February 27. All four asset groups recorded net positive flows for the week, led by money market funds (+$7.6 billion), while taxable bond funds, equity funds, and municipal debt funds posted net inflows of $4.3 billion, $2.3 billion, and $1.7 billion, respectively.
ETFs
ETFs took in net new money of slightly more than $10.0 billion for a fourth consecutive weekly increase. The net inflows into ETFs were paced by equity ETFs (+$7.5 billion), while taxable bond ETFs and muni debt ETFs contributed $2.4 billion and $144 million, respectively, to the total net inflows. For equity ETFs, the two largest individual net positive flows belonged to broad market U.S. equity products SPDR S&P 500 ETF (SPY) and iShares Core S&P Total U.S. Stock Market ETF (ITOT), which took in $2.0 billion and $1.1 billion, respectively
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Source: Refinitiv
State Street Announces Changes to 2 High Yield Bond ETFs: Portfolio Products
March 4, 2019--Also, United Capital added SpiderRock And iCapital Network strategies to its investment platform.
State Street Global Advisors announced several enhancements to two high yield bond ETFs with a combined $8.8 billion in assets.
A 1:3 reverse share split will be implemented to reduce trading costs for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), effective April 1.
In addition, the SPDR ICE BofAML Crossover Corporate Bond ETF (CJNK) will change its index strategy and name, and decrease its expense ratio by 25 basis points, also effective April 1. The new fund name will be SPDR ICE BofAML Broad High Yield Bond ETF and the new underlying index is ICE BofAML US High Yield Index.
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Source: thinkadvisor.com
Largest Gold ETF Shrinks Most in Year as Trade Tensions Ease
March 4, 2019--Investors yanked almost $500 million from State Street fund
Stronger dollar and stocks are also cutting demand for bullion
Investors are pulling cash from the world's largest gold exchange-traded fund at the fastest pace in more than a year as easing trade tensions push buyers out of safe-haven assets.
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Source: Bloomberg
