Americas ETP News
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NYSE to launch new NYSE National exchange in second quarter
January 17, 2018--New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a recent regulatory filing.
NYSE National will be the 13th U.S. stock exchange and will differ from the NYSE, NYSE Arca, and NYSE American in that it will only be a trading venue and not a listing market, NYSE said in the Jan. 12 filing with the U.S. Securities and Exchange Commission.
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Source: channelnewsasia.com
The Future of ETFs: 2018
January 17, 2018--In this week's ETF industry update, we examine what the ETF space will look like in 2018.
Last week Ari Weinberg wrote in the WSJ a collection of ETF growth predictions for 2018.
On January 9th, Barron's published an abridged version titled, "What to Watch for in ETFs in 2018."
Below we list the 5 things that they predict and give our take on each one. Number three is especially interesting.
ETF Predictions from the articles:
PREDICTION 1: Fixed-income ETFs
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Source: Toroso Investments
Treasury International Capital Data For November
January 17, 2018--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2017. The next release, which will report on data for December 2017, is scheduled for February 15, 2018.
The sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $33.8 billion. Of this, net foreign private inflows were $49.7 billion, and net foreign official outflows were $15.9 billion.
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Source: treasury.gov
Strategy Shares Launches Strategy Shares Nasdaq 7HANDLTM Index ETF (HNDL)
January 17, 2018--HNDL Based on First-of-Its-Kind Target Distribution Index powered by Nasdaq Dorsey Wright
Strategy Shares, a family of exchange traded funds (ETFs) focused on bringing unique strategies to the ETF marketplace, today launched the Strategy Shares Nasdaq 7HANDLTM Index ETF (HNDL). The ETF seeks to generate results that correlate generally to the performance of an index within a new indexing category called Target Distribution Indexes, and is designed to support a 7.0% annual distribution rate, all or a portion of which may include a return of capital.
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Source: Strategy Shares
Reality Shares Launches Blockchain ETF
January 17, 2018--Trading under ticker BLCN, the exchange-traded fund (ETF) seeks to invest in transformative distributed ledger technology that powers cryptocurrency market, among other uses
Reality Shares, an innovative asset management firm, ETF issuer and index provider, today launches an ETF to invest in leading global companies creating and implementing blockchain solutions.
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Source: Reality Shares
ETF Industry Leader Linda Zhang Launches Purview Impact Solutions
January 17, 2018--New firm will provide actively managed portfolios of ETFs; the initial product-Purview Impact Solutions-will focus on global investing through ESG lenses
Linda Zhang, Ph.D. and ETF industry leader, is today formally announcing the launch of Purview Investments, a new provider of high-quality ETF research and actively managed Exchanged Traded Fund (ETF) portfolios.
Purview's initial product, Purview Impact Solutions, is a global multi-asset product built using primarily environmental, social and governance (ESG) ETFs as the underlying holdings. It will provide clients the opportunity to invest in companies around the world that are screened according to industry accepted ESG criteria. The investment solution is managed using Dr. Zhang's proprietary research and process.
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Source: Purview Investments
BlackRock CEO to Companies: Pay Attention To "Societal Impact"
January 16, 2018--Laurence Fink called on CEOs of companies in which BlackRock invests to articulate long-term plans and how their organizations contribute to society
Laurence Fink in his annual letter to chief executives of companies in which BlackRock invests called on them to better articulate their long-term plans and how their organizations contribute to society, and said the New York money manager will have more frequent and in-depth conversations with them. He has made similar appeals to CEOs in past letters.
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Source: Wall Street Journal
American Century Investments Launches Exchange Traded Funds Focused On U.S. Quality Value And Diversified Corporate Bonds
January 16, 2018--American Century Investments today launched American Century(R) STOXX(R)1 U.S. Quality Value (VALQ) and American Century(R) Diversified Corporate Bond (KORP) Exchange Traded Funds (ETF), the first two ETFs to be offered by the global asset management firm. Listed on the NYSE ARCA, the new funds leverage American Century's 60 years of expertise developing client-centric investment solutions.
"Our goal with the launch of American Century(R) ETFs is to provide innovative strategies that strive to deliver better outcomes for investors," said Edward Rosenberg, senior vice president and head of ETFs for American Century. "We are excited to be launching our first two ETFs, which we see as 'core' investments that can serve as a central, foundational component of a long-term portfolio."
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Source: American Century Proprietary Holdings, Inc.
AdvisorShares Weekly Market Review-The Bond Bear Has Started...Again!
January 16, 2018--Highlights of the Prior Week-Week Ending 1/16/2018
Macro
Domestic equities have had a mediocre year in the first two weeks of 2018 which is to say the market is up a lot for such a short time.
Humorously, the title of this week's Barron's Trader column was The S&P 500 Is On Pace To Triple This Year. For the week, the Dow Jones Industrial Average was up 2%, the S&P 500 gained 1.56%, the NASDAQ added 1.72% and the Russell 2000 led the way with 2.02%.
Interest rates continue to be the most interesting game in town. The yield on the Two Year Treasury Note moved above 2% last week for the first time since 2008. The Ten Year also spiked, closing Friday at 2.55%.
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Source: AdvisorShares
Hudson River Trading to buy rival HFT firm Sun Trading
January 16, 2018--Hudson River Trading LLC has agreed to buy Sun Trading parent Sun Holdings LLC, it said on Tuesday, the latest takeover in a shrinking high frequency trading industry beset by low market volatility and rising costs.
The deal between the two closely held firms is expected to close in the first quarter, subject to regulatory approval. The terms were withheld.
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Source: Reuters
