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Thomson Reuters-U.S. Fund-Flows Weekly Report: Funds Take in Net New Money for the Sixth Straight Week
June 1, 2018--Thomson Reuters Lipper's fund asset groups (including both mutual funds and ETFs) had net-positive flows of $14.5 billion for the fund-flows week ended Wednesday, May 30. The week's net inflows were for a sixth straight week, during which time the fund universe grew its coffers by $69.7 billion.
This past week's positive flows were led by money market funds (+$9.4 billion) and equity funds (+$4.9 billion), while taxable bond funds and municipal debt funds contributed $158 million and $77 million to the total net inflows.
Market Overview
For the first week in four the Dow Jones Industrial Average (-0.88%) and the S&P 500 Index (-0.34%) both lost ground. The week's losses pushed the the Dow (-0.21%) into the red for the year to date, while the S&P 500 Index held onto a small 1.89% gain. Both indices suffered the lion's share of their losses on May 29, triggered by the political turmoil in Italy.
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Source: Thomson Reuters
CFTC.gov Commitments of Traders Reports Update
June 1, 2018--The current reports for the week of June 1, 2018 are now available.
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Source: CFTC.gov
CBO-H.R. 5323, Derivatives Fairness Act
CBO estimates that implementing H.R. 5323 would, on net, increase the deficit by $2 million over the 2019-2028 period. That estimate includes an increase in direct spending of $2 million and an increase in revenues of less than $500,000. view more ESG investing poses big challenge for fund management industry On the side of the angels, ESG offers the chance to raise the moral purpose of investing, end the now unpopular notion that "shareholder value" means investing only with regard to the return for client, and possibly even save capitalism from itself.view more Momentum Continues in Toronto Stock Exchange ETF sector view more Hartford Launches Short-Term Bond ETF for Rising Rates view more EquBot Announces Addition of ETF & Financial Technology Veteran Matt Hougan to Firm's Board of Directors view more IEX Files Motion to Dismiss Patent Infringement Claims view more CFTC.gov Swaps Report Update U.S. allies hit back at Washington's steel, aluminum tariff view more
June 1, 2018--Summary
Under current law, the calculation of a bank's capital requirement includes amounts for some derivative contracts.
Source: Congressional Budget Office (CBO)
May 31, 2018--There is a device in cartoons in which a character finds a devil on one shoulder and an angel on the other, both trying to lure him their own way.
It happened to Tom and Jerry, and now it is happening to the leaders of the fund management industry. The source of their dilemma is ESG (Environmental, Social and Governance) investing.
Source: Canada News Media
May 31, 2018--Total assets under management reaches new high of $150 billion as TSX expands its leading roster of providers and listed funds
TMX Group today announced that the exchange traded funds (ETF) sector on Toronto Stock Exchange (TSX) has reached a record high of approximately $150 billion in assets under management (AUM), as of April 30, 2018.
Total AUM* of listed ETFs listed on TSX has more than doubled in the past five years. In the first four months of 2018, TSX listed 35 new ETFs and welcomed three new institutions to its group of ETF providers: Bristol Gate Capital Partners Inc., Brompton Funds Limited and Scotia global asset management-the fourth major Canadian bank to offer ETFs.
Source: TMX Group
May 31, 2018--Hartford Funds expanded on its line of actively managed exchange traded fund strategies with a short-term bond option to help investors better cope with a rising interest rate environment.
On Thursday, Hartford Funds launched the actively managed Hartford Short Duration ETF (Cboe: HSRT), which has a 0.29% expense ratio.
Source: foxbusiness.com
May 30, 2018--Firm is a leader in delivering solutions powered by artificial intelligence to the financial services industry
EquBot, a leader in combining deep financial analysis with the cognitive power of artificial intelligence (AI), today announced that Matt Hougan has joined the firm's Board of Directors.
Source: EquBot
May 30, 2018--IEX plans to vigorously defend against Nasdaq's claims while continuing to offer a fair and transparent market for companies, investors, and brokers.
IEX today filed a motion in the U.S. District Court for the District of New Jersey seeking to dismiss Nasdaq's patent infringement claims. In its motion, IEX contends that Nasdaq's lawsuit is baseless and that Nasdaq's patents claim unpatentable abstract ideas. IEX further contends that Nasdaq fails to identify where or how key elements of its alleged inventions appear in IEX's exchange, or to allege specific facts supporting its claims of indirect and willful infringement.
Source: IEX
May 30, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
May 30, 2018--Canada and Mexico retaliated on Thursday after Washington imposed tariffs on steel and aluminum imports while the European Union had its own reprisals ready to go, reviving investor fears of a global trade war.
Germany's Economy Minister said early on Friday the EU might look to coordinate its response with Canada and Mexico.
Source: Reuters