Americas ETP News
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Have Active ETFs entered the fee war?
February 20, 2018--Last week, Vanguard entered the world of actively managed ETFs with the launch of 6 ETFS. This begs the question if the "fee wars" have now spread to active ETFs.
In this week's TETFindex update, we will explore the revenue generated by the expense ratios charged by the ETF industry. That said, in the previous issue, we explored other interesting ways issuers have maintained and improved margins while aligning with clients through ETFs.
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Source: Toroso Investments
Bloomberg Announces Changes To Bloomberg Barclays Indices
February 20, 2018--Bloomberg today announced changes to its widely used Bloomberg Barclays fixed income indices.
These changes are a result of Bloomberg's ongoing global index review and governance process, including client feedback from the company's Index Advisory Council meetings held in the fourth quarter of 2017. A summary of key rules changes, clarifications and implementation dates follow...
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Source: Bloomberg
First Trust to Launch First Trust Nasdaq Artificial Intelligence and Robotics ETF
February 20, 2018--February 20, 2018--An index-based ETF that provides exposure to companies engaged in artificial intelligence, robotics and automation.
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it expects to launch a new index-based ETF, the First Trust Nasdaq Artificial Intelligence and Robotics ETF (Nasdaq: ROBT) (the "fund") on February 22, 2018.
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 CTA Artificial Intelligence and Robotics Index (the "index"). The index, which is developed by Nasdaq and the Consumer Technology Association ("CTA"), is designed to track the performance of companies engaged in artificial intelligence ("AI"), robotics and automation.
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Source: First Trust
Bond star Hasenstab to manage new emerging local currency bond fund
February 20, 2018--Franklin Templeton Investments has launched an emerging markets local currency bond fund under the management of high-profile investor Michael Hasenstab, the asset management firm said on Tuesday.
Hasenstab, whose flagship Templeton Global Bond Fund is celebrated for hugely successful contrarian punts on Ireland and Hungary, and Sonal Desai will be joint portfolio managers of the "Templeton Emerging Markets Local Currency Bond Fund", the group said in a statement.
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Source: Reuters
A Diversified Portfolio May Not Help Investors Much This Year
February 19, 2018--The economy has changed and investors can no longer rely on a diversified stock-bond portfolio to provide protection in times of market volatility, according to JPMorgan Asset Management.
Rising inflation expectations and the knock-on effect of higher yields are acting to prevent bonds from rallying in risk-off environments, global strategist Thushka Maharaj wrote in a recent note to clients.
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Source: Bloomberg
Coinbase's Overcharging Glitch Is Likely Both Worldpay and Visa'a Fault
February 16, 2018--Yesterday started like a relatively normal day at Coinbase, the largest U.S. exchange for buying and selling Bitcoin and other cryptocurrencies.
The Bitcoin price was finally rising again, breaking above $10,000 for the first time in a month after a protracted crash.
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Source: Forbes.com
Direxion Advisors Launches New Suite of ETFs for Long-Term Investors
February 16, 2018--Portfolio+ ETFs Offer Boost of Added Exposure for Asset Allocation Portfolios
Direxion Advisors, LLC has launched Portfolio+ ETFs, a new family of exchange-traded funds (ETFs) that offer access to manageable levels of added daily exposure to magnify returns, in a cost-effective, transparent, liquid structure.
The funds provide 25% added daily exposure to popular broad-based indexes targeted by advisors. The lightly leveraged solutions can be applied to common asset allocation strategies to seek greater upside potential over time. Although intended for use by investors who monitor their portfolios, their low leverage point allows them to be managed within a longer-term portfolio.
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Source: Direxion
Horizons Launches New Marijuana ETF on NEO
February 15, 2018--The NEO Exchange ("NEO") is pleased to announce that Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") launched the Horizons Emerging Marijuana Growers Index ETF on NEO today.
With the launch of this new ETF, represented by the ticker HMJR Horizons ETFs becomes the ninth ETF provider to list products on NEO.
HMJR seeks to replicate the Emerging Marijuana Growers Index, net of expenses. The index provides direct exposure to small-capitalization companies that are primarily involved in the cultivation, production and/or distribution of marijuana.
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Source: NEO Exchange
ETFGI Reports Assets Invested In ETFs Listed In Canada Reach Record High Of US$122 Billion At The End Of January 2018
February 16, 2018--According to ETFGI's January 2018 Canada ETF and ETP industry insights report, a monthly report included in an annual paid-for research subscription service, assets invested in ETFs listed in Canada reached a record high of US$122 billion at the end of January 2018, shattering the previous record of US$117 Bn set at the end of 2017.
(All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs listed in Canada increased by $4.94 billion during January to reach a new record high of $122 billion
In January 2018, ETFs listed in Canada saw net inflows of $1.68 billion
Equity ETFs gathered the largest net inflows with US$852 Mn, followed by active ETFs with US$636 Mn.
During January 2018 assets invested in ETFs listed in Canada increased by $4.94 Bn, or 4.23%, representing the greatest absolute monthly increase for almost two years.
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Source: ETFGI
CFTC.gov Commitments of Traders Reports Update
February 16, 2018--The current reports for the week of February 13, 2018 are now available.
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Source: CFTC.gov
