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Investors, Innovation, and Performance Top SEC's Draft Strategic Plan
June 19, 2018-The Securities and Exchange Commission today published a draft strategic plan that focuses on investors, innovation, and performance as the top strategic goals in coming years.
The SEC is seeking public comment on the proposed draft that will guide the SEC's priorities through FY 2022.
The plan highlights the SEC's commitment to serving the long-term interests of Main Street investors; becoming more innovative, responsive, and resilient to market developments and trends; and leveraging staff expertise, data and analytics to bolster performance.
view the U.S. Securities and Exchange Commission Draft Strategic Plan 2018-2022
Source: SEC.gov
Exchanges, industry group petitions SEC to create committee on options market
June 19, 2018--A group of market participants led by Cboe Global Markets has asked the SEC for permission to create a committee to analyze potential changes and improvements to the U.S. options market.
In a letter to the Securities and Exchange Commission, Cboe, along with the Securities Industry and Financial Markets Association and the Security Traders Association, warned of "unintended consequences" impacting the options market resulting from changes in equity market regulations, including Regulation National Market System in 2005.
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Source: pionline.com
Big ticket' trades made possible by bond ETF liquidity
June 19, 2018-- Exchange traded funds are revolutionising stock markets, regularly accounting for a third of all US equity trades and growing rapidly in...
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Source: FT.com
BlackRock to Shut 16 ETFs Focused on Smart Beta, Multifactor
June 19, 2018-BlackRock Inc. will shutter 16 exchange-traded funds in smart-beta and multifactor strategies a few months after introducing a lineup of artificial intelligence-driven products.
The last day of trading for the funds will be Aug. 15, the company said in a statement Friday. The funds held about $91 million in assets at the end of May, according to the company.
The closures come even as BlackRock puts greater emphasis on factor investing, a trading strategy that selects investments based on tested drivers of return, such as volatility, size and value.
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Source: Bloomberg
J.P. Morgan Asset Management Launches US REIT ETF based on MSCI US REIT Index
June 18, 2018--JPMAM launches BBRE, based on MSCI US REIT Index
J.P. Morgan Asset Management announced today the launch of the JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), which seeks to replicate the performance of the MSCI US REIT Index.
The MSCI US REIT Index is a free-float adjusted market-cap weighted index comprised of equity Real Estate Investment Trusts. The index is based on the MSCI USA Investable Market Index (IMI), its parent index, which captures the large, mid and small cap segments of the USA market. The securities included offer core real estate exposure. BBRE will be priced with a total expense ratio (TER) of 11bps.
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Source: J.P. Morgan Asset Management
Horizons ETFs Offers More Ways to Gain Exposure to Marijuana Equities
June 18, 2018--Futures contracts on the Horizons Marijuana Life Sciences Index ETF (HMMJ) begin trading today.
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") is pleased to announce new developments with its suite of Marijuana-focused exchange traded funds ("ETFs").
This includes the listing of futures contracts on the Horizons Marijuana Life Sciences Index ETF ("HMMJ") and the filing of a preliminary prospectus to launch leveraged, inverse and inverse leveraged ETFs that provide exposure to Canadian-listed Marijuana companies.
Futures on units of HMMJ will begin trading today on the Montreal Exchange. Futures contracts on HMMJ will be available with quarterly expiration dates, in January, March, June and September – initially extending to a June 2019 expiry.
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Source: Horizons ETFs Management (Canada) Inc.
BlackRock Is Offering a Free Perk That Lets It See Inside Your Portfolio
June 18, 2018--Free risk-assessment tool for financial advisers is part of an effort to sell more funds to individual investors
The world's largest asset manager hopes to sell more investment products to Main Street with one of the oldest strategies in business: the freebie.
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Source: Wall Street Journal
Treasury International Capital Data For April
June 15, 2018--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for April 2018. The next release, which will report on data for May 2018, is scheduled for July 17, 2018.
The sum total in April of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $138.7 billion. Of this, net foreign private inflows were $163.5 billion, and net foreign official outflows were $24.8 billion.
Foreign residents increased their holdings of long-term U.S. securities in April; net purchases were $22.5 billion. Net purchases by private foreign investors were $65.9 billion, while net sales by foreign official institutions were $43.5 billion.
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Source: federalreserve.gov
Fidelity Launches Two Factor ETFs
June 15, 2018--Fidelity Investors Now Have Access to 95 Commission-Free1 ETFs on One of the Nation's Largest ETF Platforms.
Fidelity Investments(R), one of the industry's leading providers of exchange traded funds (ETFs) with more than $380 billion in ETF assets under administration,2 today announced an expansion of its ETF lineup with the introduction of two factor ETFs: Fidelity Low Duration Bond Factor ETF (FLDR) and Fidelity High Yield Factor ETF (FDHY).
The new ETFs are competitively priced with total expense ratios of just 0.15% for FLDR and 0.45% for FDHY. Both ETFs began trading today, the Fidelity Low Duration Bond Factor ETF on the CBOE BZX Exchange, Inc. and Fidelity High Yield Factor ETF on the New York Stock Exchange.
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Source: Fidelity Investments
CFTC.gov Commitments of Traders Reports Update
June 15, 2018--The current reports for the week of June 15, 2018 are now available.
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Source: CFTC.gov