Americas ETP News
If your looking for specific news, using the search function will narrow down the results
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.
view more
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.”
view more
Source: Defiance ETFs
CFTC.gov Swaps Report Update
August 1, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
view updates
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
view more
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.
view more
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.
view more
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.
view more
Source: Global X
AdvisorShares Active ETF Market Share Update-Week Ending 7/27/2018
July 31, 2018--Assets in actively managed ETFs added $456 million last week to cross over the $60 billion mark, reaching $60.41 billion in total net assets.
JP Morgan took the top spot in new AUM growth with $128 million, followed by PIMCO with a $77 million dollar gain. There were no fund launches and one fund closure, which lowered the total of actively managed ETFs currently trading to 235.
view more/a>
Treasury Announces Marketable Borrowing Estimates During the October-December 2018 quarter, Treasury expects to borrow $440 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $390 billion.2 view more
Source: AlphaBaskets
July 30, 2018--The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the July-September 2018 and October-December 2018 quarters:
During the July-September 2018 quarter, Treasury expects to borrow $329 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $350 billion.
The borrowing estimate is $56 billion larger than announced in April 2018. The increase in borrowing is driven by both changes in the cash balance and lower net cash flows.[2]
Source: Treasury.gov
