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CFTC.gov Commitments of Traders Reports Update
April 20, 2018--The current reports for the week of April 20, 2018 are now available.
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Source: CFTC.gov
Thomson Reuters U.S. Fund-Flows Weekly Report: Net Outflows From Money Markets Funds Dominate
April 20, 2018--Thomson Reuters Lipper's fund asset groups (including both mutual funds and ETFs) suffered net outflows of $24.5 billion for the fund-flows week ended Wednesday, April 18. Money market funds (-$34.9 billion) were responsible for the lion's share of the net-negative flows, and municipal bond funds (-$515 million) experienced a limited amount of net outflows.
Taxable bond funds (+$6.3 billion) and equity funds (+$4.6 billion) both saw their coffers grow for the week.
Market Overview
The start of the Q1 2018 corporate earnings season drove the markets to impressive gains for the week, with the S&P 500 Index and the Dow Jones Industrial Average appreciating 2.51% and 2.31%, respectively. It was the first time this year that both indices returned more than 2.0% for a fund-flows trading week. An optimistic view toward first quarter earnings was the driving factor behind much of these gains as consensus estimates indicated S&P 500 companies were expected to grow earnings at greater than 17.0%—the highest level since 2011.
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Source: Thomson Reuters
CFTC.gov Swaps Report Update
April 19, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Robots Are Coming for Investors in New Three-Times Leveraged ETF
April 19, 2018--Direxion's UBOT seeks three times return on robotics, AI index
Firm says risky fund is 'not suitable for all investors'
Just when you think an investing idea has reached its saturation point, a new exchange-traded fund comes along that tries to take it to new heights--literally.
In this case it's robots. Direxion, a $13.6 billion money manager, is starting an ETF that seeks to use leverage to deliver three times the daily performance of a robotics and artificial intelligence index, the company said in a release on Thursday.
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Source: Bloomberg
Hartford Funds Broadens ETF Lineup with Launch of Hartford Schroders Tax-Aware Bond ETF
April 19, 2018--Hartford Funds today launched Hartford Schroders Tax-Aware Bond Exchange-Traded Fund (NYSE: HTAB), expanding its roster to five actively managed fixed income ETFs and seven multifactor ETFs.
Sub-advised by Schroder Investment Management North America Inc. ("SIMNA"), Hartford Schroders Tax-Aware Bond ETF seeks total return on an after-tax basis by investing in a diversified portfolio of taxable and tax-exempt fixed income debt instruments of varying maturities.
"Investors are seeking high quality fixed income solutions providing compelling after-tax returns at a competitive price," said Vernon Meyer, Chief Investment Officer of Hartford Funds.
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Source: Hartford Funds
Silicon Valley Is Into Bitcoin. It Wants to Keep Washington Out.
April 19, 2018--Andreessen Horowitz and other venture-capital backers of digital-currency firms argue against regulation
Big Silicon Valley backers of cryptocurrencies have sought a broad exemption from federal oversight they say would slow digital coin growth, as the industry steps up lobbying to limit government oversight of the burgeoning world of cryptocurrencies.
Andreessen Horowitz and Union Square Ventures met with officials at the Securities and Exchange Commission on March 28, arguing that Washington oversight could slow innovation based on the blockchain technology that underpins cryptocurrencies such as bitcoin...
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Source: Wall Street Journal
KraneShares to Hold Eight City China A-Share Inclusion Roadshow
April 18, 2018--Krane Funds Advisors, LLC the investment advisor to the KraneShares Bosera MSCI China A-Share ETF (NYSE: KBA) is proud to announce the "China A-Share Inclusion Roadshow" a series of educational events spanning eight U.S. cities from late April through May 2018.
The Roadshow will educate institutions and financial advisors on the upcoming inclusion of Mainland listed Chinese securities (A-Shares) into MSCI's Global Standard Indexes, commencing June 1st, 2018.
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Source: Krane Funds Advisors, LLC
Q1 market recap from Reality Shares
April 18, 2018--The BLCN ETF sees $100MM launch!
We are excited to announce that the Reality Shares Nasdaq NexGen Economy ETF (Ticker: BLCN) launched and reached over $100 million in assets under management (as of Jan 31, 2018)! Blockchain technology is quickly becoming an exciting area of interest for investors and companies.
The Reality Shares Blockchain ScoreTM methodology is a rules-based, quantitative process built to evaluate companies investing in blockchain technologies.
The underlying methodology and index was created through a partnership between Reality Shares and Nasdaq, and constitutes the joint research, analysis and investigation of both groups on the emerging development of blockchain technology.
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Source: Reality Shares
Thomson Reuters Lipper U.S. Mutual Funds & ETPs Q1 2018 Snapshot
April 18, 2018--In this issue of Lipper's U.S. Mutual Funds and Exchange-Traded Products Snapshot, we feature a summary of total net assets, estimated net flows, new fund creations, and fund liquidations for conventional funds and ETPs for Q1 2018, comparing the changes to those of prior quarters and highlighting the largest individual gainers and losers of both groups. The Snapshot provides readers a powerful, easy-to-use guide and quick-reference tool to help them discern fund trends during the quarter.
Highlights:
Total net assets (TNA) for the conventional funds business declined 0.19% for Q1, falling $34.6 billion from Q4 2017 to $18.6 trillion for Q1 2018.
TNA for U.S. exchange-traded products (ETPs) rose 0.31% from $3.437 trillion for Q4 2017 to a little over $3.448 trillion for Q1.
For Q1 actively managed funds, excluding money market funds, handed back a net $8.6 billion, while their passively managed counterparts took in $106.9 billion.
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Source: Thomson Reuters
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals
April 18, 2018--The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors' relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products.
Under proposed Regulation Best Interest, a broker-dealer would be required to act in the best interest of a retail customer when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. Regulation Best Interest is designed to make it clear that a broker-dealer may not put its financial interests ahead of the interests of a retail customer in making recommendations.
In addition to the proposed enhancements to the standard of conduct for broker-dealers in Regulation Best Interest, the Commission proposed an interpretation to reaffirm and, in some cases, clarify the Commission's views of the fiduciary duty that investment advisers owe to their clients. By highlighting principles relevant to the fiduciary duty, investment advisers and their clients would have greater clarity about advisers' legal obligations.
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Source: SEC.gov
