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First Bridge 'ETF 20/20': Exchange Traded Fund-November 2017
November 21, 2017--MSCI and S&P Dow Jones announced important changes to the widely followed GICS (Global Industry Classification System). This will result in a change in the sector into which widely held stocks like Time Warner, Disney and possibly even Facebook & Google are classified.
Global ETF assets grew by 2.9% in October 2017 to $T 4.635.
There were 31 new ETF listings in the US and over 180 outside the US (including cross-listings) in October 2017.
US large cap equity ('SPY') was the best performing of 6 ETFs representing the major asset classes in the trailing 1 month through November 17, 2017.
Hedge funds were up 1.28% in October with 2017 year-to-date gains coming in at 6.99%-roughly 77% of fund managers are in positive territory year-to-date while almost 32% have posted double digit gains.
View the Eurekahedge Latin American Hedge Funds Infographic November 2017 Innovator fund switches from active to passive management view more Blockchain Gets a Wall Street Win: 'We Know the Thing Works Now' view more XTF ETF Fund Stats Top 5 ETFs Funds Week Ending November 17, 2017 UBS Now Offering NextSharesTM Exchange-Traded Managed Funds
NextShares are an innovative way to invest in actively managed strategies across fund asset classes, offering the potential for benchmark-beating returns by applying their manager's proprietary investment research. view more Janet L. Yellen will step down as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair view more CFTC.gov Commitments of Traders Reports Update Thomson Reuters-U.S. Fund-Flows Weekly Report: Funds Experience Positive Net Flows for the Second Consecutive Week view more
Total hedge fund assets grew by US$158.64 billion over the past ten months with US$85.4 billion attributed to investor inflows while managers posted performance-based gains of US$73.2 billion. The industry's total assets currently stands at US$2.38 trillion. Investors have been selective in their allocations across strategies with long/short equities and arbitrage hedge funds seeing stronger subscriptions year-to-date.
Source: Eurekahedge
November 21, 2017--The Innovator IBD 50 Fund, which was actively managed when it launched, has changed its investment strategy.
The exchange-traded fund now tracks the IBD 50 Index, which is made up of equities of the fastest-growing companies in the US.
Source: Bloomberg
November 20, 2017--Test of tracking equity swaps with blockchain deemed a success
Firms including Goldman Sachs, JPMorgan did a six-month trial
The prospect of blockchain technology remaking financial services just moved a step closer to reality after banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. completed a successful six-month test in the $2.8 trillion equity swaps market.
Source: Bloomberg
November 20, 2017--View the top 5 ETF highs & lows, most active, top inflows & outflows, movers & laggards, successful recent launches, trade with caution and more.
view report
Source: XTF
November 20, 2017--UBS Financial Services Inc. (UBS) and NextShares Solutions LLC (NextShares Solutions), a wholly owned subsidiary of Eaton Vance Corp. (Eaton Vance), announced today the availability of NextSharesTM exchange-traded managed funds (NextShares) through the UBS brokerage platforms and UBS Strategic Advisor, a non-discretionary advisory program.
UBS is the first full-service wealth manager to offer NextShares through its financial advisor network.
Source: BNP Paribas Asset Management
November 20, 2017--Janet L. Yellen submitted her resignation Monday as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair.
Dr. Yellen, 71, was appointed to the Board by President Obama for an unexpired term ending January 31, 2024. Her term as Chair expires on February 3, 2018. She also serves as Chair of the Federal Open Market Committee, the System's principal monetary policymaking body.
Source: federalreserve.gov
November 17, 2017--The current reports for the week of November 14, 2017 are now available.
view updates
Source: CFTC.gov
November 17, 2017--After taking in almost $17.5 billion of net new money the prior week Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) had positive net inflows of $929 million for the fund-flows week ended Wednesday, November 15.
The net-positive flows stemmed from money market funds (+$2.7 billion) and municipal bond funds (+$418 million), while taxable bond funds (-$1.9 billion) and equity funds (-$240 million) both saw net money leave their coffers.
Source: Thomson Reuters
