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Agencies Extend Comment Period for Proposed Rule Simplifying and Tailoring the "Volcker Rule"
September 4, 2018--Five federal financial regulatory agencies on Tuesday extended until October 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the "Volcker rule."
The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. view more
Source: CFTC.gov
Impact Shares YWCA Women's Empowerment ETF Debuts on the NYSE
August 27, 2018--YWCA Partners with First-Ever Nonprofit ETF Sponsor Impact Shares to Create Product to Further Mission of 160-year-old Organization
Impact investing has taken another step forward in the world of exchange traded funds (ETFs). Today, nonprofit ETF sponsor Impact Shares introduces the Impact Shares YWCA Women's Empowerment ETF (NYSE:WOMN). The new ETF allows investors to deploy capital in companies that have aligned their business practices with gender-equality standards while also powering the future efforts of YWCA, an organization that has been a leader in women’s advocacy for the last 160 years.
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Source: Impact Shares
AdvisorShares Active ETF Market Share Update-Week Ending 8/24/2018
August 27, 2018--Actively managed ETFs gained $632 million last week to reach $62.6 billion in total net assets.
JP Morgan and Ark Investment led weekly AUM growth among sponsors with $150 million and $136 million gains respectively.
Overall declines remained modest as WBI Shares and PIMCO witnessed $24 million and $19 million weekly losses. No fund launches or closures occurred last week and the total number of actively managed ETFs remained at 239.
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Source: AlphaBaskets
U.S. Weekly FundFlows Insight Report: Fund Investors Go Risk On During the Week
August 27, 23018--For the second week in three investors were net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $2.0 billion for Lipper's fund-flows week ended August 29, 2018.
However, fund investors continued to pad the coffers of equity funds (+$2.0 billion), fixed income funds (+$2.2 billion), and municipal bond funds (+$212 million) while being net redeemers of money market funds (-$6.4 billion).
Market Wrap-Up
In a low-volume trading week investors pushed select U.S. indices to record highs in response to a new trade deal with Mexico, the rekindled trade discussions with Canada, and optimistic statements by Federal Reserve Board Chair Jerome Powell at the Fed’s annual Jackson Hole, Wyoming, symposium.
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Source: Thomson Reuters
SEC Says It Will "Review" Bitcoin ETF Rejections
August 24, 2018--The U.S. Securities and Exchange Commission (SEC) has said it will review the disapproval orders for nine bitcoin ETFs issued on Wednesday.
As CoinDesk previously reported, SEC staffers rejected proposals from three companies-Proshares, GraniteShares and Direxion-in a triple-set of orders published late yesterday, Now, according to the letters, senior SEC officials will review those orders, though it's unclear at this time when the review will be completed.
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Source: coindesk.com
AdvisorShares Active ETF Report: A Jump in July
August 24, 2018--Month ending 07.31.2018
In July, assets in actively managed ETFs grew by $2.71 billion, or 4.46%, to reach a net total of $60.82 billion.
This growth rate is above the average monthly growth for the year of $2.15 billion per month.
July recognized a gain of four new funds and a loss of one fund, which brought the number of actively managed ETFs currently trading to 235.
36% of actively managed ETFs eligible for a Morningstar rating carry a three-star rating, which means they provide similar risk-adjusted returns to their category.
74% of actively managed ETFs eligible for a Morningstar rating range from three-star to five-star ratings, which means they provide similar or better risk-adjusted returns
compared to their category.
38% of Morningstar-rated actively managed ETFs provide better risk-adjusted returns compared to their category.
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Source: AdvisorShares
CFTC.gov Commitments of Traders Reports Update
August 24, 2018--The current reports for the week of August 24, 2018 are now available.
view updates
Source: CFTC.gov
Fee Rate Advisory #1 for Fiscal Year 2019
August 24, 2018--The Securities and Exchange Commission today announced that in fiscal year 2019 the fees that public companies and other issuers pay to register their securities with the Commission will be set at $121.20 per million dollars.
The securities laws require the Commission to make annual adjustments to the rates for fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e) and 14(g) of the Securities Exchange Act of 1934. The Commission must set rates for the fees paid under Section 6(b) to levels that the Commission projects will generate collections equal to annual statutory target amounts. The Commission's projections are calculated using a methodology developed in consultation with the Congressional Budget Office and the Office of Management and Budget. The statutory target amount for fiscal year 2019 is $660 million. The annual adjustment to the fee rate under Section 6(b) also sets the annual adjustment to the fee rates under Sections 13(e) and 14(g).
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Source: SEC.gov
Thomson Reuters-U.S. Weekly FundFlows Insight Report: Funds Grow Their Coffers by Almost $10 Billion
August 24, 2018--Thomson Reuters Lipper's fund asset groups (including both mutual funds and ETFs) had net inflows of $9.7 billion for the fund-flows week ended Wednesday, August 22.
All four fund asset groups took in net new money for the week, paced by money market funds (+$4.2 billion) and taxable bond funds (+$3.4 billion). Equity funds and municipal debt funds contributed $1.8 billion and $378 million to the total net inflows.
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Source: Thomson Reuters
Reality Shares Becomes Blockforce Capital to Transform Blockchain, Cryptocurrency Investing
August 23, 2018--Synergizes ETF business with new cryptocurrency investment platform and blockchain-focused hedge fund unit
Building upon its foothold as a first-mover in the blockchain arena, Reality Shares today expanded to become Blockforce Capital to reflect its broader focus of delivering unparalleled access to blockchain and cryptocurrency investments.
Blockforce Capital will be comprised of three core business units: Reality Shares ETFs and Indexes, the Blockforce Capital family of hedge funds and the highly anticipated cryptocurrency investment platform, Onramp.
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Source: Reality Shares
