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AdvisorShares Active ETF Market Share Update-Week Ending 6/1/2018
June 5, 2018--Assets in actively managed ETFs added $126 million last week to reach $56.40 billion in total net assets.
First Trust led new AUM growth with $67 million followed by ARK Investment, which gained $57 million. One fund opened and lifted total of actively managed ETFs currently trading to 226.
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Source: AdvisorShares
First Trust to Launch First Trust TCW Unconstrained Plus Bond ETF
June 5, 2018--An actively managed ETF that is not tethered to a traditional fixed-income benchmark
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new actively managed ETF, the First Trust TCW Unconstrained Plus Bond ETF (NYSE Arca: UCON) (the "fund").
The portfolio is sub-advised and managed by TCW Investment Management Company LLC ("TCW"). The fund's managers look for value across a range of global fixed income market segments seeking to maximize long-term total return.
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Source: First Trust
Intercontinental Exchange Names Betty Liu Executive Vice Chairman of the New York Stock Exchange; NYSE to Acquire Radiate, Inc.
June 5, 2018--Entrepreneur and trailblazing journalist will build a community for the NYSE's network of global leaders, listed companies and entrepreneurs
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Betty Liu, an award-winning business journalist and entrepreneur, is joining the New York Stock Exchange as Executive Vice Chairman. Her appointment takes effect July 9. Liu will also join the NYSE Group Board.
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Source: Intercontinental Exchange
O'Shares ETF Investments Launches O'Shares Global Internet Giants ETF
June 5, 2018--O'Shares ETF Investments expanded its suite of quality ETFs on June 5, 2018 with the launch of the O'Shares Global Internet Giants ETF (NYSE: OGIG), an ETF designed to provide investors with a global portfolio of high quality internet and e-commerce growth companies.
O'Shares Investments Advisers, LLC, the investment adviser for the O'Shares family of ETFs, is excited to launch the first in a series of high quality growth ETFs.
Kevin O'Leary, Chairman of O'Shares ETF Investments, a well-known investor on ABC's Shark Tank and contributor on CNBC commented, "Growth of internet and e-commerce companies is a global phenomenon driven by consumer spending, social media and the sharing economy but you need a rules-based, qualitative evaluation process to identify the companies with the strongest growth potential.
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Source: O'Shares ETF Investments
SEC Modernizes the Delivery of Fund Reports and Seeks Public Feedback on Improving Fund Disclosure
June 5, 2018-Yesterday, the Commission voted to improve the experience of investors who invest in mutual funds, ETFs and other investment funds.
In three related releases, the Commission provided a new, optional "notice and access" method for delivering fund shareholder reports, invited investors and others to share their views on improving fund disclosure and sought feedback on the fees that intermediaries charge for delivering fund reports. These actions are part of a long-term project, led by the Division of Investment Management, to explore modernization of the design, delivery and content of fund disclosures for the benefit of investors.
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Source: SEC.gov
Cboe Global Markets Reports May 2018 Trading Volume
June 5, 2018--Year-to-date ADV across options, futures, U.S. and European equities and global FX up over 2017
May ADV in S&P 500 Index (SPX) options up 17% over 2017
May ADV in global FX up 45% over 2017
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today reported May monthly trading volume and average revenue per contract (RPC)/net revenue capture data at www.cboe.com/monthlyvolrpc.
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Source: Cboe Global Markets, Inc.
Xtrackers repurposes China A-Shares ETF to provide access to landmark MSCI Inclusion
June 4, 2018--ASHX will now track the MSCI China A Inclusion Index
Xtrackers lowers expense ratio for ASHX and CN
DWS today announced that the Xtrackers CSI 300 China A-Shares Hedged Equity ETF (NYSE Arca: ASHX) will change its name to Xtrackers MSCI China A Inclusion Equity ETF and will switch its underlying index to the MSCI China A Inclusion Index.
Effective today, the gross and net expense ratio for ASHX has been permanently reduced to 0.60% from 1.35% gross and 0.70% net expense ratios, making the fund the most cost-effective pure China A-shares exposure ETF in the US ETF market1.
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Source: DWS Group
CFTC Orders Société Générale S.A. to Pay $475 Million Penalty to Resolve Charges of Manipulation, Attempted Manipulation, and False Reporting of LIBOR and Euribor
June 4, 2018--The Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Société Générale S.A. (Société Générale or the Bank) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for U.S. Dollar, Yen and Euro, and the Euro Interbank Offered Rate (Euribor), certain instances of manipulation of Yen LIBOR, and aiding and abetting traders at another bank in their attempts to manipulate Euribor.
The Bank's misconduct spans more than six years, from 2006 through mid-2012.
The CFTC Order requires Société Générale to pay a civil monetary penalty of $475 million, cease and desist from further violations as charged, and adhere to specific undertakings to ensure the integrity of its LIBOR, Euribor, and other benchmark interest rate submissions in the future.
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Source: CFTC.gov
Twitter to Join S&P 500
June 4, 2018--S&P Dow Jones Indices names Twitter to replace Monsanto on index as it adds Netflix to S&P 100.
Twitter Inc. is slated to join the S&P 500 before trading opens on Thursday, according to S&P Dow Jones Indices, as the social-media platform replaces Monsanto Co. on the widely watched index.
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Source: Wall Street Journal
Hartford Funds Continues ETF Rollouts with Launch of Hartford Short Duration ETF
June 4, 2018--Hartford Funds today announced the launch of Hartford Short Duration ETF (Cboe: HSRT), which seeks to provide current income and long-term total return by investing in fixed income securities.
HSRT, along with another recently launched fixed income ETF in April 2018, the Hartford Schroders Tax-Aware Bond ETF (NYSE: HTAB), adds to Hartford Funds' ETF suite of six fixed income and seven multifactor ETFs.
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Source: Hartford Funds
