Americas ETP News
If your looking for specific news, using the search function will narrow down the results
YieldMax Launches Option Income Strategy ETF on Moderna (MRNA)
October 24, 2023--YieldMax announced the launch today of the following ETF:
YieldMax MRNA Option Income Strategy ETF (NYSE Arca: MRNY)
MRNY seeks to generate monthly income via a synthetic covered call strategy on Moderna, Inc. (MRNA). The ETF is actively managed by ZEGA Financial. MRNY does not invest directly in MRNA.
MRNY is the newest member of the growing YieldMax ETF family and, like all YieldMax ETFs, aims to deliver substantial monthly income to investors. Please see table below for distribution and yield information for all outstanding YieldMax ETFs.
view more
Source: YieldMax
The Clouty Tune ETF (TUNE) to Close
November 2, 2023--The Board of Trustees of Tidal ETF Trust has decided to liquidate and close the Clouty Tune ETF (the "Fund"), based on the recommendation of the Fund's adviser, Tidal Investments LLC, a Tidal Financial Group company. The Board of Trustees concluded that liquidating and closing the Fund would be in the best interest of the Fund and its shareholders.
The Fund will cease trading on the NYSE Arca, Inc. ("NYSE") and will be closed to purchase by investors as of the close of regular trading on the NYSE on November 16, 2023 (the "Closing Date"). The Fund will not accept purchase orders after the Closing Date.
view more
Source: Tidal Financial Group
New Name, Same Commitment: Tidal Financial Group Announces Rebranding of Their Investment Advisory Business
November 1, 2023--Tidal Financial Group, an ETF industry leader, is pleased to announce the renaming of its investment advisory arm, Toroso Investments, LLC ("Toroso") to Tidal Investments LLC. The decision to adopt this new name reflects the company's alignment with Tidal Financial Group's overall mission to serve as a fiduciary platform to our partners and clients.
Tidal Investments LLC will continue to build upon the strong foundation that Toroso has established over the years. Our core values, high standards, and the exceptional service our customers have come to expect will remain unwavering.
The transition from Toroso Investments, LLC to Tidal Investments LLC is effective immediately. All future business dealings will be conducted under the new name. The company's physical location, contact information, and all legal documentation will remain unchanged.
view more
Source: Tidal Financial Group
U.S. Global Investors Launches Gold Royalty GOAU ETF on Mexican Stock Exchange, Expanding Global Footprint in Latin America
November 1, 2023--November 01, 2023--U.S. Global Investors, Inc. (NASDAQ: GROW) (the "Company"), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that its gold mining and royalty ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU), is now listed on the Mexican Stock Exchange (BMV).
The new listing expands GOAU's global footprint and allows investors in Mexico to access the fund.
GOAU will join the U.S. Global Jets ETF (NYSE: JETS), which listed on the Mexican Stock Exchange in 2021.
view more
Source: U.S. Global Investors, Inc.
ETF Investors Plowed Into Ultrashort Bonds as Global Markets Slumped
November 1, 2023--October ETF flows reflect investor uncertainty.
Key Takeaways
The Morningstar Global Markets Index entered correction territory when it lost 3.27% in October.
The Morningstar US Core Bond Index shed 1.56%, marking its sixth straight month in the red.
U.S. exchange-traded funds collected roughly $29 billion, a modest sum by their standards.
Ultrashort-bond funds reeled in nearly $14 billion to power fixed-income flows.
Outflows from international equity and U.S. large-value funds weighed on stock-ETF flows.
iShares, Vanguard, and J.P. Morgan finished October atop the ETF provider flows standings.
Another rough month of performance left small-cap strategies looking undervalued at October’s end.
No Reprieve for Bonds
The exhibit below shows October returns for a sample of ETFs that serve as proxies for major asset classes. A blended portfolio lost 2.08% last month as the case for a diversified 60/40 portfolio took another hit.
view more
Source: morningstar.com
U.S. Economy Grew a Strong 4.9%, Driven by Consumer Spree That May Not Last
October 26, 2023--U.S. economic growth surged this summer at the fastest pace since 2021, as consumers spent at a blockbuster rate that will be difficult to sustain.
Forecasters expect cooling in coming months as high rates and global risks weigh on the economy
Gross domestic product expanded at a 4.9% seasonally-and inflation-adjusted annual rate in the third quarter-more than double the second quarter pace-the Commerce Department reported Thursday.
The acceleration won't change the Federal Reserve's plans to hold rates steady at their meeting next week.
view more
Source: wsj.com
Tidal Financial Group Announces Days Global Advisors Launches on NYSE
October 24, 2023--Financial advisory firm Days Global Advisors has launched on the New York Stock Exchange (NYSE) under the ticker HF (NYSE: HF).
The firm's innovative Absolute Return Exchange-Traded Funds (ETF) pave the way for investors to discover progressive investment opportunities.
Absolute Return ETFs target to generate positive returns regardless of market conditions. Day's mission is to provide investment solutions promoting incomparable inclusion, diversity, equity, and access, what Days Global Advisors refers to as I.D.E.A. The firm is bringing I.D.E.A to the traditionally restricted field of generational wealth building.
Days Global Advisors' ETF made its initial debut on the NYSE on August 3, 2023, with an aim to bridge traditional investment gaps. The move allows more investors to tap into diverse investment solutions that have long been the stronghold of hedge funds. The ETF offers a malleable and cost-effective pathway for investors to participate in hedge fund strategies.
view more
Source: Tidal Financial Group
Purpose Investments Launches Actively Managed Portfolio Solutions Targeting Conservative, Balanced, and Growth Risk Profiles
October 24, 2023--Funds seek to deliver superior outcomes by complementing broad market exposures with a combination of tactical asset allocation and selectively deployed active management
Purpose Investments Inc. ("Purpose") is proud to announce the launch of Purpose Active Portfolio Solutions, including-three single-ticket portfolio solutions designed to suit a broad range of investor risk tolerance.
Each Fund, as defined below, seeks to deliver superior investor outcomes by tactically managing asset allocation within defined ranges and selectively deploying active security selection into market segments where the portfolio manager believes it is most likely to add value.
As part of this initiative, Purpose is launching three funds (each a "Fund" and collectively the "Funds"): Purpose Active Conservative Fund (TSX: PACF), Purpose Active Balanced Fund (TSX: PABF), and Purpose Active Growth Fund (TSX: PAGF). Each Fund has closed the initial offering of its ETF units and will begin trading today on the Toronto Stock Exchange under the ticker symbols noted. Each Fund also offers conventional class A, class F, and class I mutual fund units.
view more
Source: Purpose Investments Inc.
Exchange Traded Concepts to Close and Liquidate ETC Gavekal Asia Pacific Government Bond ETF
October 23, 2023--After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser, in consultation with Gavekal Capital Limited, the Fund's sub-adviser and sponsor, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation.
Accordingly, the Fund is expected to cease operations and liquidate on or about November 17, 2023 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on November 14, 2023, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about November 15, 2023.
view more
Source: Exchange Traded Concepts, LLC
Financial Stability Report-October 2023
October 20, 2023--1. Asset valuations. Equity prices grew faster than expected earnings, pushing the forward price-to-earnings ratio into the upper ranges of its historical distribution. Risk premiums in corporate bond markets narrowed somewhat and remained near the middle of their historical distributions. Prices of residential and commercial properties remained high relative to fundamentals.
2. Borrowing by businesses and households. Balance sheets of many nonfinancial businesses and households remained solid. Growth of business debt continued to decline through the first half of the year, although business debt remained high when measured relative to gross domestic product (GDP) or business assets. Measures of the ability of firms to service their debt remained strong. Household debt remained at modest levels relative to GDP, with most of that debt owed by households with strong credit histories or considerable home equity.
< href="https://www.federalreserve.gov/publications/financial-stability-report.htm" TARGET="_blank">view more
Source: federalreserve.gov
