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U.S. Weekly FundFlows Insight Report: Fund Investors Pause Ahead of FOMC Meeting
September 27, 2018--For the first week in three investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting a net $15.5 billion for Lipper's fund-flows week ended September 26, 2018. However, fund investors padded the coffers of only money market funds (+$16.6 billion) for the week while being net redeemers of equity funds (-$582 million), municipal bond funds (-$385 million), and taxable fixed income funds (-$177 million).
Market Wrap-Up
Investors started the fund-flows week ignoring the escalating trade-war rhetoric between the U.S. and China and focused instead on the strong economic data, pushing the Dow Jones Industrial Average and S&P 500 Index to record closes.
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Source: Thomson Reuters
PGIM Investments expands active ETF platform with the launch of a new high yield bond fund
September 27, 2018 - PGIM Investments has launched its second actively managed exchange-traded fund, the PGIM Active High Yield Bond ETF (NYSE Arca: PHYL), as it continues to expand the ETF platform created earlier this year.
PGIM Investments is the worldwide distributor of retail products for PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc.
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Source: PGIM Investments
Esposito Securities Provides Initial Seed Capital for Successful Launch of the Cambria Trinity ETF (TRTY)
September 27, 2018--Fund follows Cambria Trinity ETF Index
Esposito Securities, LLC ("Esposito"), a leading provider of ETF seed capital, and other key services to both the asset management industry and institutional investors, is celebrating the recent successful launch of the Cambria Trinity ETF (NYSE:TRTY), for which Esposito provided initial seed capital.
TRTY launched on September 12, 2018, and traded 28,370 shares on its first day. Since going live, the fund has continued to see strong volume, averaging more than 41,417 shares traded per day.
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Source: Esposito Securities LLC
CFTC.gov Swaps Report Update
September 26, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
CFTC.gov Commitments of Traders Reports Update
September 26, 2018--Corrections for the concentration ratios in the Legacy commitment reports dated September 18, 2018 were made today.
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Source: CFTC.gov
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 25-26 FOMC meeting
September 26, 2018--The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the September 25-26 meeting.
The table will be incorporated into a summary of economic projections released with the minutes of the September 25-26 meeting. Summaries of economic projections are released quarterly.
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Source: federalreserve.gov
UBS launches the ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN
September 26, 2018--UBS Investment Bank today announced that the ETRACS Monthly Pay 2x Leveraged Preferred Stock ETN (NYSE Arca(R): PFFL), will begin trading on NYSE Arca(R).
PFFL is linked to the monthly compounded 2x leveraged performance of the Solactive Preferred Stock ETF Index.
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Source: UBS
Fed Raises Rates and Says More Coming, Brushing Off Trump Jabs
September 26, 2018--Federal Reserve officials raised interest rates and cemented expectations for another hike this year as they reaffirmed that a strong U.S. economy will probably warrant further gradual increases well into 2019.
The quarter-point hike boosted the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. The move reflected an upbeat assessment of the economy that was identical to the central bank's last policy statement eight weeks ago, despite concerns over President Donald Trump's escalating trade war.
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Source: Bloomberg
AdvisorShares Active ETF Market Share Update-Week Ending 9/21/2018
September 25, 2018--Actively managed ETFs gained $397 million last week to reach $64.7 billion in total net assets.
First Trust and Invesco led weekly AUM growth among sponsors with $149 million and $80 million gains respectively. There were no fund launches or fund closures this week, which held the total number of actively managed ETFs at 236.
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Source: AdvisorShares
Tracker funds in the balance amid sector reclassifications
September 24, 2018--1,100 companies will switch 'home', generating billions in rebalancing trade.
The smooth running of dozens of tracker funds that together hold many billions of dollars face a major operational test following changes on Monday to the sector classifications of some of the most widely-followed US companies. Facebook, Alphabet and Twitter all move this week into an expanded US communication services sector from their previous home in the information technology sector, a shift that will require adjustments for the numerous exchange traded funds that own shares in these companies,
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Source: FT.com
