Americas ETP News
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What will a bear market do to ETFs?
February 6, 2018--ETF RESPONSE TO A BEAR MARKET POSSIBILITY
Volatility has returned to the markets after historical levels of dormancy. What does this mean for the ETF ecosystem? After almost 77 billion in inflows in January, what should we expect to see with increased volatility?
Bloomberg noted last week that ETF flows were strong even though we experienced a sharp market sell-off. We decided to explore how ETF flows have historically responded to market declines.
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Source: Toroso
Monthly ETF Inflows Reach Record High in January: State Street
February 6, 2018--US-listed exchange-traded funds' inflows reached a new high of $78 billion last month, with equity funds outpacing bond funds by a margin of 7 to 1, according to data from State Street.
In its latest monthly ETF flow report, SSGA reported that slightly less than $67 billion flowed into stock ETFs while just over $9 billion flowed into fixed income funds. Commodity and specialty ETFs split the remaining flows with less than $900 million inflows each.
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Source: thinkadvisor.com
Metaurus Advisors Launches Two Innovative ETFs Allowing Separate Investments in Either the Dividends or the Price Performance of the U.S. Equity Market
February 6, 2018--Metaurus Advisors LLC, a financial technology and innovation company, announces the launch of two new Exchange Traded Funds (ETFs) for investors seeking either dividend cash flow or equity market growth, each with a passive, index-based strategy.
Not all investors have the same investment goals. Some prefer more cash flow through dividends while others prefer stock price appreciation. Index investors have never been able to separate the two from one another-until now.
Metaurus Advisors' US Equity Cumulative Dividends Fund-Series 2027 (NYSE Arca: IDIV) provides income-oriented investors a low cost way to participate solely in the actual ordinary dividends of the companies in the S&P 500 Index(R) without exposure to the price movements in the constituent index stocks.
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Source: Metaurus Advisors
Cboe Global Markets Reports January 2018 Trading Volume
February 5, 2018--Total volume across all Cboe exchanges up over January 2017
VIX options at Cboe Options Exchange set new ADV record in January 2018
Futures ADV at Cboe Futures Exchange up 50% from January 2017
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today reported January 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
VIX-Related ETPs Go Wild in After-Hours Trading After Rout
February 5, 2018--The market frenzy hasn't ended in one corner of the market--exchange-traded products tied to the Cboe Volatility Index are getting hammered in late trading as investors scramble to unwind bets on market calm.
The VelocityShares Daily Inverse VIX Short-Term ETN (ticker XIV) plunged 81 percent in late trading after falling 14 percent during the session. It was halted for trading on Tuesday, pending news. The VIX, whose move the XIV product is meant to mirror, surged 115.6 percent Monday as U.S. equities suffered the biggest selloff in 6 1/2 years.
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Source: Bloomberg
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
February 5, 2018--Alterra Power Corp.-Deletion from S&P/TSX Renewable Energy and Clean Technology Index
S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Alterra Power Corp. (TSX:AXY) have agreed to the terms of an Arrangement Agreement with Innergex Renewable Energy Inc. (TSX:INE) whereby Alterra Power will be acquired for cash and shares. Alterra Power will be removed from the S&P/TSX Renewable Energy and Clean Technology Index prior to the open of trading on Thursday, February 8, 2018.
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Source: S&P Dow Jones Indices
ETFMG Alternative Harvest ETF to change Ticker
February 5, 2018-- On February 9th, 2018, the ETFMG Alternative Harvest ETF will be trading under the new ticker MJ.
Effective today the domain name for the ETFMG Alternative Harvest ETF has changed to www.ETFMJ.com to match the new ticker.
more info
Source: ETF Managers Group (ETFMG)
AdvisorShares Weekly Market Review-The Ides Of February!
February 5, 2018--Highlights of the Week Ending 2/2/2018
Macro
Although the Tour de France is still a few months away, it feels right to invoke race commentator Paul Sherwen in noting that Alan Greenspan threw a cat amongst the pigeons mid-week, proclaiming that both equities and bonds are in a bubble.
He was referring to equity valuations and historically low yields (up some from those lows) that persisted for many years. The equity market over the last month has arguably traded in a blow off pattern and there is no doubt that that equities by just about any measure are expensive. The other side of the argument comes from many places including Hedgeye who notes that stocks can stay expensive and get more expensive "when both the GDP and US corporate profit cycles are accelerating" which is what they say is occurring now.
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Source: AdvisorShares
New FINRA Rules Take Effect to Protect Seniors and Vulnerable Adults from Financial Exploitation
February 5, 2018--First Uniform, National Standards to Protect Senior Investors
Two FINRA rule changes took effect today addressing the financial exploitation of seniors and vulnerable adults, putting in place the first uniform, national standards to protect senior investors.
Firms are now required to make reasonable efforts to obtain the name of and contact information for a trusted contact person for a customer's account. In addition, the rule permits FINRA member firms to place a temporary hold on a disbursement of funds or securities when there is a reasonable belief of financial exploitation, and to notify the trusted contact of the temporary hold.
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Source: Financial Industry Regulatory Authority (FINRA)
US mutual funds' dead wood is for the chop
February 4, 2018-- Fund managers in the US are keeping their pruning shears sharp. In 2017, for the second year running, US investment companies cut more mutual funds than they launched.
It was only the fifth year in recent decades that recorded a net reduction in funds, according to data from both Morningstar and Lipper...
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Source: FT.com
