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Guggenheim faces allegations of self-dealing
November 2, 2017--An FT investigation reveals that the firm's own compliance team raised concerns about favouritism
Top executives at Guggenheim Partners carried out a series of deals with companies close to the Wall Street firm's leadership that have triggered concerns over possible favouritism and self-dealing from its own internal compliance, auditing and investment teams, a Financial Times investigation has found.
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Source: FT.com
New Prime Unicorn Index Tracks Private Companies on the Road to IPO
November 1, 2017--Index uses Lagniappe Labs' proprietary valuation and pricing data to track top-tier, private companies with Unicorn or near-Unicorn status
Lagniappe Labs has launched a new. equally-weighted price return index that tracks the performance of some of the most notable privately-funded companies based in the U.S. In partnership with Prime Indexes, Lagniappe Labs created the Prime Unicorn Index as a tool to benchmark the aggregate performance of private companies who have achieved or are approaching the $1 billion valuation level.
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Source: Prime Indexes
Cboe Welcomes New Aptus Fund to ETF Marketplace
November 1, 2017--Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE), one of the world's largest
exchange holding companies' today welcomed a new Aptus fund to the Cboe ETF Marketplace.
The Aptus Fortified Value ETF (Cboe: FTVA) seeks to track the performance, before fees and expenses, of the Aptus Fortified Value Index ("Index"). The Index is a rules-based, equal-weighted index that is designed to gain exposure to 50 of the most undervalued U.S.-listed common stocks and real estate investment trusts ("REITs"), while hedging against significant U.S.
equity market declines when the market is overvalued with a "tail hedge" of long put options on a security that tracks the broader U.S. equity market.
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Source: Cboe Global Markets
With Two Months to Go, U.S. Faces 'Mad Dash' to Adjust to MiFID
November 1, 2017--A quarter of U.S. asset managers say MiFID won't apply to them
U.S., U.K. regulators will give leeway on non-complying firms
For thousands of brokers, traders and money managers based in the U.S., time is running out.
A shock wave is about to emanate from Brussels, the capital of the 28-nation European Union.
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Source: Bloomberg
CFTC.gov Swaps Report Update
November 1, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Pacer ETFs Expands Relationship with S&P Dow Jones Indices
November 1, 2017--The fast-growing ETF provider changes benchmark indices in two popular funds
Pacer ETFs announces an expansion of their relationship with S&P Dow Jones Indices with a change in benchmark equity indices beginning November 1, 2017.
Pacer's large and mid cap TrendpilotTM ETFs and their underlying indices will now track indices calculated by S&P Dow Jones Indices, the world's largest provider of index-based concepts, data and research.
The "Pacer Trendpilot 750 ETF" (PTLC) will be renamed the "Pacer Trendpilot US Large Cap ETF" and the "Pacer Trendpilot 450 ETF" (PTMC) will be known as the "Pacer Trendpilot US Mid Cap ETF."
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Source: Pacer Financial
As new money rushes into ETFs, a price war breaks out among managers
November 1, 2017--U.S.-based exchange-traded funds have $3.2 trillion of assets, an increase of 11 percent this year.
The biggest worry for the industry is a continuing price war that is threatening profits. Talk of industry consolidation among the 70 or so providers is already in the air.
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Source: CNBC.com
Horizons ETFs Launches Canada's First ETF Driven by A.I.
November 1, 2017--Horizons Active A.I. Global Equity ETF will be the world's first global equity ETF propelled by artificial intelligence
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launch of the Horizons Active A.I. Global Equity ETF ("MIND"). MIND is the first exchange traded fund ("ETF") in Canada, and the first global equity-focused ETF in the world, to use artificial intelligence ("A.I.") for all security selection decisions.
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Source: Horizons ETFs Management (Canada) Inc.
Cboe Welcomes New FormulaFolios Funds to ETF Marketplace
November 1, 2017--Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE), one of the world's largest
exchange holding companies, today welcomed two new FormulaFolios funds to the Cboe ETF Marketplace.
The FormulaFolios Tactical Growth ETF (Cboe: FFTG) seeks to achieve its investment objective by investing primarily in foreign and domestic growth-oriented equity securities of any market capitalization, domestic investment grade fixed income securities (bonds) of any maturity or duration, domestic real estate investment trusts ("REITs"), and commodities (gold) securities through unaffiliated ETFs.
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Source: Cboe Global Markets
Exponential ETFs Launches Reverse Cap Weighted U.S. ETF
November 1, 2017--RVRS turns index investing upside down, tilting S&P 500 exposure toward the smaller, under-represented end of the market cap spectrum
Exponential ETFs, an exchange-traded fund provider, today launches the Reverse Cap Weighted U.S. ETF (CBOE: RVRS), a first-of-its-kind product that offers exposure to the S&P 500 stocks weighted by the inverse of their relative market capitalization.
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Source: Exponential ETFs