Americas ETP News
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Federal Reserve issues FOMC statement
June 13, 2018--Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined.
Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term. Risks to the economic outlook appear roughly balanced.
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Source: federalreserve.gov
CFTC.gov Swaps Report Update
June 13, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
BlueStar Israel Equity Review & Outlook-Israel a Rare Bright Spot in May as Global Equities Pull Back
June 12, 2018--The BlueStar Israel Global Index(R) (BIGI(R)) gained 5.21% in May, and sits up nearly 4% in 2018 year-to-date, making it the top-performing Developed Market ex-US country over both time periods
Israeli technology stocks, as defined by The BlueStar Israel Global Technology Index (BIGITech(R)), gained more than 6% in May, bringing YTD performance up to 8.97%
Israel’s GDP is estimated to have grown 4.2% in the first quarter of 2018 on a seasonally-adjusted annual basis. This growth is due in large part to surging exports that have more than overcome a general slowdown in Israel’s real estate sector
The BlueStar Israel Global Index(R) is outperforming the local TA-125 by more than 6 % YTD, as the TA-125 has missed out on the performance of some of Israel’s top foreign-listed technology stocks such as Mellanox Technologies.
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Source: BlueStar Indexes(R)
Millennials are Mad for ETFs, Says New Schwab Study
June 12, 2018--More than half of Millennials would consider placing their entire investment portfolio in ETFs in the next year
Exchange Traded Funds (ETFs) are the investment vehicle of choice for 91% of Millennial investors according to the ETF Investor Study by Charles Schwab & Co., Inc.
Millennials say 42% of their portfolios are currently in ETFs, and more than half (56%) of investors in that generation say they have already replaced all individual securities in their portfolios with ETFs. Nearly 80% of Millennials see ETFs as their primary investment vehicle in the future. Looking ahead, nearly three quarters (74%) of Millennials surveyed expect to increase their ETF investments in the next year and 54% say they would consider placing their entire portfolio in ETFs in the same time frame.
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Source: Charles Schwab
WisdomTree Adds Chris Gardner, Author of "The Pursuit of Happyness," as Senior Advisor to the Firm
June 12, 2018--Chris Gardner Joins Team of Senior Advisors Including Wharton Professor, Jeremy Siegel,
and Founder and Director of the MIT AgeLab and Retirement and Longevity Expert, Joseph Coughlin
WisdomTree's Advisor Solutions Program Provides Access to A Deep Bench of Industry Experts to Help
Advisors Modernize their Practice, Engage More Effectively, and Build High-Performing Teams
WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, announced today that Chris Gardner, CEO of Chris Gardner, Inc. and author of "The Pursuit of Happyness," has become a Senior Advisor to the firm, focused on advisor growth and development. Chris Gardner's bestselling memoir was the basis for the major motion picture starring Will Smith, which debuted in 2006.
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Source: WisdomTree
Goldman Sachs Asset Management Announces Launch of Exchange-Traded Fund to Track JUST Capital's Index
June 12, 2018--The Goldman Sachs JUST U.S. Large Cap Equity ETF (Ticker: JUST) invests in large capitalization U.S. companies that engage in "just business behavior" based on rankings produced by JUST Capital
JUST will be priced to investors at 20 basis points1 and will begin trading on the NYSE Arca on June 13 with $50 million in assets.
GSAM today announced the launch of JUST, an exchange-traded fund (ETF) that seeks to provide broad exposure to U.S. large cap equities, with a focus on companies that demonstrate just business behavior, as measured by JUST Capital. The ETF seeks to track the JUST U.S. Large Cap Diversified Index (the Index), constructed by JUST Capital.
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Source: Goldman Sachs Asset Management, L.P. (GSAM)
Tudor Jones says his social impact ETF has potential to rival the S&P 500
June 12, 2018--On Wednesday, Goldman Sachs is launching an exchange-traded fund (Ticker: JUST) using a model from Paul Tudor Jones' foundation' Just Capital' that scores businesses based on worker treatment' environment' products and other factors.
"I think it's going to be a really big ETF down the road. I think it's going to rival the S&P and the Nasdaq," Jones said in an interview with Andrew Ross Sorkin on CNBC's "Squawk Box."
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Source: CNBC
Trendrating Launches 14 New Global Indexes Based on Breakthrough Smart Momentum Methodology
June 12, 2018--Trendrating a leading provider of Smart Momentum investment models and technology, announced today the launch of 14 new Momentum indexes across various investment universes.
These indexes employ Trendrating's proprietary trend capture methodology to deliver superior returns. The calculations for these indexes are being implemented by Solactive AG.
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Source: Trendrating
iShares launches ETF correlated to gold prices
June 11, 2018--BlackRock's iShares has has launched an exchange-traded fund that exposes investors to gold's price performance.
The iShares Gold Strategy ETF has been established as a 1940 Act fund and anticipates a close correlation with the Bloomberg Composite Gold Index. It launched on Cboe Global Markets.
Source: Smart Brief
BMO Asset Management Inc. Lowers Management Fee on BMO Aggregate Bond Index ETF
June 11, 2018--BMO Asset Management Inc. ("BMO AM") today announced it is reducing the annual management fee on BMO Aggregate Bond Index ETF (TSX: ZAG).
Effective on or about June 15, 2018, the annual management fee for the ETF will be reduced as follows:
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Source: BMO Asset Management Inc.
