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Global X Launches AI, Big Data ETF
May 16, 2018--The universe of exchange-traded funds dedicated companies involved in artificial intelligence and big data technologies continues growing.
On Tuesday, Global X introduced the Global X Future Analytics Tech ETF AIQ.
The latest ETF from New York-based Global X tracks the Indxx Artificial Intelligence & Big Data Index. AIQ "holds a basket of companies that are generating vast amounts of data and developing proprietary AI systems to derive actionable insights from that data," according to a statement from Global X.
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Source: MarketWatch
Salt Financial Launches First ETF Powered By truBetaTM
May 16, 2018-- Plain vanilla structure is designed to be simple solution to provide magnified exposure to U.S equities without leverage
Salt Financial LLC, a provider of data, ETF and index products, today announced the launch of the Salt truBetaTM High Exposure ETF (Ticker: SLT).
The new offering uses the firm's proprietary truBetaTM forecast and is designed as an alternative to complex leveraged products.
The ETF tracks the Salt truBetaTM High Exposure Index, offering magnified exposure to US equities without borrowing or derivatives.
Salt Financial aims to give investors portfolio construction tools to provide an opportunity for outperformance without the use of leverage in their portfolios.
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Source: Salt Financial LLC
Xtrackers to Close and Liquidate Three Exchange-Traded Funds
May 16, 2018--DWS today announced plans to close and liquidate three Xtrackers exchange-traded funds (ETFs)-Xtrackers MSCI Brazil Hedged Equity ETF (NYSE Arca: DBBR), Xtrackers MSCI EAFE Small Cap Hedged Equity ETF (Cboe: DBES) and Xtrackers MSCI Mexico Hedged Equity ETF (NYSE Arca: DBMX).
The three funds represent less than 1% of Xtrackers total US assets under management as of May 10, 2018.
DWS plans to close and liquidate these funds following a regular and ongoing process to review and evolve the Xtrackers product lineup to ensure the business continues to meet clients' needs. The last day of trading is expected to be May 31, 2018.
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Source: DWS Group
CFTC.gov Swaps Report Update
May 16, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
JP Morgan Tests Blockchain's Capital Markets Potential
May 16, 2018--The bank is experimenting with blockchain in a field defined by huge sums of money, multiple stakeholders and lots of coordination
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Source: Wall Street Journal
REX and BKCM Launch Actively Managed Blockchain Companies ETF Led by Brian Kelly
May 16, 2018--REX Shares, LLC (REX) and Brian Kelly, CEO and Founder of BKCM Funds, LLC (BKCM), today announced the launch of the REX BKCM ETF (NYSE Arca:BKC).
Brian Kelly will serve as portfolio manager of the fund, actively managing a portfolio of companies seeking to profit from, the advancement of blockchain1 technology and the rise of cryptocurrency2 adoption.
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Source: REX Shares
The SEC Has an Opportunity You Won't Want to Miss: Act Now!
May 16, 2018--If you've ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you.
Check out the SEC's Office of Investor Education and Advocacy's mock initial coin offering (ICO) website that touts an all too good to be true investment opportunity. But please don't expect the SEC to fly you anywhere exotic-because the offer isn’t real.
The SEC set up a website, HoweyCoins.com, that mimics a bogus coin offering to educate investors about what to look for before they invest in a scam. Anyone who clicks on "Buy Coins Now" will be led instead to investor education tools and tips from the SEC and other financial regulators.
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Source: SEC.gov
RBC Global Asset Management launches RBC US Banks Yield Index ETF
May 15, 2018--RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of RBC U.S. Banks Yield Index ETF (ticker: RUBY), which begins trading on the Toronto Stock Exchange today.
RBC U.S. Banks Yield Index ETF tracks the Solactive U.S. Banks Yield Index, which follows the performance of 21 of the largest U.S. dividend paying bank stocks, as measured by market capitalization and weighted based on their annual dividend yields. The management fee is 0.29%.
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Source: RBC Global Asset Management
First Trust to Launch First Trust Dorsey Wright DALI 1 ETF
May 15, 2018--An index-tracking ETF based on Dorsey Wright's systematic momentum strategy using the Dynamic Asset Level Investing process.
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it launched a new index-based ETF, the First Trust Dorsey Wright DALI 1 ETF (Nasdaq: DALI) (the "fund").
The fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Nasdaq Dorsey Wright DALI 1 Index (the "index").
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Source: First Trust
Coinbase plans revamp to lure institutional and high-speed traders
May 15, 2018--Cryptocurrency exchange Coinbase is planning a revamp of its trading technology and creating a new suite of services to attract more institutional investors, including hedge funds and high-frequency trading firms, it said on Tuesday.
The San Francisco-based startup said it is building a new matching engine that will allow firms to match buy and sell orders for cryptocurrencies like bitcoin in fractions of seconds and is building up a team that will cater exclusively to institutional clients.
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Source: Reuters
