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CFTC.gov Commitments of Traders Reports Update
May 11, 2018--The current reports for the week of May 11, 2018 are now available.
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Source: CFTC.gov
ABR Dynamic Funds, LLC's Success Fuels Growth in Headcount, AUM
May 10, 2018--John Mulroy and Stephen Sivillo Join ABR Dynamic Funds as Firm AUM Crosses $50 million.
ABR Dynamic Funds CEO Taylor Lukof today announced that the firm has landed two more experts as performance in its volatility-based liquid alternative strategies continues to shine.
John Mulroy, formerly of Guggenheim Investments, joins ABR in Chicago as Managing Director of ETF Capital Markets, and Stephen Sivillo, formerly of J.P. Morgan Wealth Management, joins ABR in New York as Chief Compliance Officer.
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Source: ABR Dynamic Funds, LLC
SEC Proposes Fiduciary Rule for Broker-Dealers
May 10, 2018--On April 18, concurrently with its publication for comment of a proposed set of enhanced investment adviser regulations,1 the Securities and Exchange Commission (SEC) published a separate proposal related to the conduct standards broker-dealers must comply with when engaging retail customers.
The new Rule 15l-1 under the Securities Exchange Act of 1934, as amended (Exchange Act), also known as "Regulation Best Interest," would require broker-dealers, and natural persons who are associated persons of broker-dealers, to adhere to a "best interest" standard when making certain recommendations to retail customers (Proposal). Compliance with this standard would require broker-dealers to comply with obligations that go beyond current suitability standards. If adopted, the Proposal would result in some of the most sweeping and comprehensive changes to the standard of care requirements for broker-dealers in decades.
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Source: Katten Law
Thompson Hine Update: SEC's NMS Pilot Program of Vital Interest to ETFs
May 10, 2018--On March 14, 2018, the SEC proposed Rule 610T of Regulation NMS to conduct a transaction fee pilot program (Pilot) involving National Market System (NMS) stocks. NMS, the national system for trading stocks in the United States, includes all of the major stock exchanges and other facilities and entities used by broker-dealers to fulfill trade orders for securities, including ETF shares.
The Pilot will subject stock exchange transaction and alternative trading systems fee pricing, including "maker-taker" fee-and-rebate pricing models, to new temporary pricing restrictions across three test groups.
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Source: Thompson Hine
U.S. Weekly FundFlows Insight Report: Weekly Equity Fund Flows Turn Negative Despite the Up Market
May 10, 2018--For the third week in a row investors were net purchasers of fund assets (including those of conventional funds and ETFs), taking in a little more than $8.2 billion.
Despite market gains during the week, fund investors were net redeemers of equity funds (-$231 million) while being net purchasers of money market funds (+$8.2 billion), municipal bond funds (+$167 million), and taxable bond funds (+$86 million) for the fund-flows week ended May 9, 2018.
Market Wrap-Up
During the flows week it appeared investors-at least momentarily-shrugged off their concerns over the ongoing China/U.S. trade talks, the U.S.'s exit from the Iran nuclear deal, and inflation, turning their attention back to the strong Q1 2018 earnings season and the rally in oil prices.
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Source: Thomson Reuters
Innovator IBD(R) 50 ETF (FFTY) Celebrates 3-Year Anniversary, Achieves Morningstar 4-Star Rating
May 10, 2018--Only investable product tracking the IBD(R) 50 Index, signature Investor's Business Daily strategy using William J. O'Neil's CAN SLIM Investing System
Innovator Capital Management, LLC (Innovator) announced today the Innovator IBD(R) 50 ETF (FFTY) celebrated its 3-year anniversary on April 9th, 2018.
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Source: Innovator Capital Management, LLC
Cboe New Issue Notification for 1 iShares ETF-iShares Inflation Hedged Corporate Bond ETF
May 10, 2018--Cboe is are pleased to announce that 1 Exchange Traded Fund ("ETF") will be listed on Cboe and will begin trading as a new issue on 2018-05-10.
Symbol:LQDI
Name: iShares Inflation Hedged Corporate Bond
CUSIP:46431W580.
First Trading Date: 2018-05-10
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Source: Cboe Global Markets, Inc.
IMF-Western Hemisphere Region-Regional Economic Outlook: Seizing the Momentum
May 9, 2018--Executive Summary
The broad-based acceleration of global growth in 2017 is reflected in the solid gains posted by the economies of the United States and Canada, both of which are expected to grow above potential in the near term. More broadly, growth in both advanced and emerging market and developing economies is expected to gain further momentum in 2018 and 2019, reflecting the effects of expansionary US fiscal policy, favorable global financial conditions, and improved prospects for external demand.
Risks to the outlook are broadly balanced in the near term. Over the medium term, however, global growth is expected to soften, and risks are tilted to the downside, owing to the possibility of a sharp tightening of financial conditions, escalating trade tensions and risks of a further shift toward protectionist policies, and geopolitical strains.
view the IMF-Western Hemisphere Region-Regional Economic Outlook: Seizing the Momentum
Source: IMF
BlackRock and Acorns Partner to Expand Financial Participation Among the Next Generation of Investors
May 9, 2018--BlackRock becomes an Anchor Investor in Acorns
BlackRock, Inc. (NYSE: BLK) and Acorns, the country's fastest growing micro investing app with more than 3.3 million investment accounts, today announced a partnership focused on improving the savings and investing behaviors of the next generation of investors.
With a shared goal of helping more people prepare for life's most important financial moments, the firms have reached an agreement through which they will pursue new technology-enabled tools for Acorns' users.
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Source: Acorns
WisdomTree Canada Unveils Digital Portfolio Construction Tool for Canadian Advisors
May 9, 2018--Digital Portfolio Developer provides groundbreaking analytics technology for portfolio construction and optimization
WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada") today announced the launch of the Digital Portfolio Developer (DPD), an on-demand tool for Canadian advisors that focuses on providing deep data analytics to evaluate client and prospect portfolios.
"Following the success of the launch of our Digital Portfolio Developer in the U.S., we are excited to offer the tool to advisors in Canada," said Kurt MacAlpine, WisdomTree Executive Vice President and Global Head of Distribution.
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Source: WisdomTree Asset Management Canada, Inc.
