Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Passive Funds Overtake Stock-Pickers in the U.S. Large-Cap Market
February 12, 2019--Index products are bigger in assets as of the fourth quarter
Morningstar tracks massive shift to cheaper investing approach
If stock-pickers are becoming an endangered species, this may be the latest sign.
Investors now have more money in large-cap equity funds tracking indexes than in actively run funds of the same type.
The lines crossed in the fourth quarter, according to data from Morningstar Inc. Passive mutual funds, exchange-traded funds and so-called smart beta funds in the sector held $2.93 trillion in assets as of Dec. 31, compared with $2.84 trillion on the active side.
view more
Source: Bloomberg
Schwab ETF OneSourceTM Doubles Lineup to 500+ Commission-Free ETFs
February 12, 2019-Pioneering program marks sixth anniversary by adding nearly 250 zero-commission ETFs, expanding coverage to 79 Morningstar categories
Schwab announced today that Schwab ETF OneSourceTM, one of the largest commission-free exchange-traded fund (ETF) programs in the industry1, will double its lineup and add iShares ETFs to its already robust menu
With these additions, Schwab clients will be able to buy and sell 503 ETFs covering 79 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees or activity assessment fees-key differentiators for investors comparing Schwab ETF OneSource to other commission-free ETF offerings.
view more
Source: Schwab
Vident Financial's U.S. Diversified Real Estate ETF (PPTY) Reaches $100 Million Milestone
February 11, 2019--Fund Has Shown Strong Growth and Results since Launch in March 2018
PPTY is a Multi-Factor ETF Designed for Investors Who Understand the Importance of Location, Property Type, and Leverage Levels When Investing Real Estate.
Vident Financial, LLC today announced that the PPTY-U.S. Diversified Real Estate ETF (NYSE Arca: PPTY) has reached a significant milestone: $100 million in assets under management (AUM).
PPTY accomplished this impressive achievement in less than a year since its launch on March 27th, 2018, making it one of the most successful new ETFs to come to market.
view more
Source: Vident Financial
Alice's Adventures in Factorland: Three Blunders That Plague Factor Investing
February 11, 2018--Abstract
Factor investing has failed to live up to its many promises. Its success is compromised by three problems that are often underappreciated by investors. First, many investors develop exaggerated expectations about factor performance as a result of data mining, crowding, unrealistic trading cost expectations, and other concerns.
Second, for investors using naive risk management tools, factor returns can experience downside shocks far larger than would be expected. Finally, investors are often led to believe their factor portfolio is diversified. Diversification can vanish, however, in certain economic conditions, when factor returns become much more correlated. Factor investing is a powerful tool, but understanding the risks involved is essential before adopting this investment framework.
view more
Source: Research Affiliates, LLC
ETF disclosure should be standardized only after industry talks, State Street tells SEC
February 11, 2019--State Street Global Advisors, one of the three largest exchange-traded fund sponsors, asked the US Securities and Exchange Commission to launch an industry approach to consistent ETF disclosures rather than adopt a federal rule.
A rule has been called for by an SEC advisory panel seeking a uniform classification scheme that identifies risks among funds and offers more "truth in labeling" after billion-dollar losses during market gyrations last year.
State Street voiced concern that the panel's apparently simple scheme "does not fully disclose risk attributes" in a letter to the SEC.
view more
Source: https://mlexmarketinsight.com
New Proposed ETF Would Encompass Bitcoin Futures Alongside Sovereign Debt Instruments
February 11, 2019--Reality Shares ETF Trust — a unit of crypto-focused fintech firm Blockforce Capital-has filed a proposal for an exchange-traded-fund (ETF) that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures.
The was submitted to the United States Securities and Exchange Commission (SEC) Feb 11.
view more ETF Trends and ETF Database Merge Online Resources view more Purpose Investments Inc. Confirms the Automatic Conversion of Class A2 Units into Class T Units of U.S. Banks Income & Growth Fund view more
February 11, 2019--Goldman Sachs is ending its strategy of betting on companies with strong balance sheets.
The group as a whole has outperformed those with higher debt by 25 percent points since late 2016.
'The risk-reward has recently become less favorable," Goldman strategist David Kostin says.
A more accommodative Federal Reserve and the prospects for stable economic growth ahead have promoted Goldman Sachs to close a popular trade that it has backed for the past two years.
Source: cnbc.com
February 8, 2018--Combined Platform Emerges as Largest ETF-Centric, Data-Rich Hub Available to Advisors
ETF Database (ETFdb.com), the world's largest, independent ETF-centric website focused on ETF research and fund flow decisioning tools, and ETF Trends (ETF Trends), the global leader in virtual ETF education, announced they have merged website resources to arm advisors with a powerful data platform to thrive in their growing industry.
Source: ETF Trends, ETF Database
February 8, 2019--Purpose Investments Inc, the manager of U.S. Banks Income & Growth Fund (the "Fund"), announced today that the Class A2 units of the Fund were automatically converted in accordance with their terms into Class T units, effective February 8, 2019.
The exchange ratio used for the conversion is 1.025716 Class T units for each Class A2 unit. The Class T units are exchange traded under ticker symbol PUB.UN on the Aequitas NEO Exchange.
Source: Purpose Investments Inc.
