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Low yields are warning Fed to think twice on rate hike: Kaplan
August 17, 2017--Dallas Fed President Robert Kaplan said he would need to see evidence that prices will rise to a 2-percent target in the medium term in order to support another interest-rate hike.
Minutes from the U.S. central bank's July meeting showed division between thosewho believe the price weakness is temporary and shouldn't derail from tightening plans, and those like Kaplan who have taken pause.
3 ways ETFs have revolutionized the bond market view more
Thompson Hine-SEC Risk Alert Highlights Cybersecurity Compliance Risks of Broker-Dealers, Investment Advisers and Fund Companies view more Direxion Launches 3X Leveraged ETF on Emerging Market Bonds
Fund: Direxion Daily Emerging Markets Bond Bull 3X Shares Symbol: EMBU view more The Forum at ETF Research Center-New Coverage Notables view more Federal Reserve Research paper: FinTech and Financial Innovation: Drivers and Depth Advisers Project Political Climate to be Greatest Source of Volatility view more CFTC.gov Swaps Report Update Thompson Hine SEC Eases Form ADV Compliance Deadline for Interim Updates view more VelocityShares(R) Launches LIBOR Rate ETNs VelocityShares(R) Short LIBOR ETNs (NYSE Arca:DLBR) linked to the Janus Velocity Short LIBOR Index
The ETNs are issued by Citigroup Global Markets Holdings Inc., and all payments due on the ETNs are guaranteed by Citigroup Inc. view more
Source: CNBC.com
August 17, 2017--Matt and Karen take a moment to look back-and look ahead-at the bond ETF market as it marks its 15 years since inception.
Fifteen years ago this week the first bond exchange-traded funds (ETFs) debuted, changing the way investors can access fixed income markets. At first, only four iShares bond ETFs were available,,with just a small amount of assets and access limited to Treasuries and U.S. investment grade credit. Today there are over 300 bond ETFs in the U.S. with more than $500 billion in total asset under management (AUM), offering entry into almost every sector of the bond market (source: BlackRock and Bloomberg, as of 6/30/2017).
Source: BlackRock
August 17, 2017--The Securities and Exchange Commission's (SEC) Office of Compliance Inspections and Examinations (OCIE) recently issued a Risk Alert highlighting its observations from its examinations of 75 firms, including broker-dealers, investment advisers and fund companies registered with the SEC.
The examinations were conducted pursuant to the SEC's previously announced Cybersecurity Examination Initiative. In 2015, OCIE completed its first round of examinations. This second round examined a different population of firms.
Source: ThompsonHine.com
August 17, 2017--New ETF Provides 300% Exposure to J.P. Morgan EMBI(R) Global Core Index
Direxion has launched the Direxion Daily Emerging Markets Bond Bull 3X Shares (Ticker: EMBU).
The Fund seeks to achieve 300% of the daily performance of the J.P. Morgan EMBI(R) Global Core Index. The index provides exposure to U.S. dollar-denominated government bonds issued by 55 emerging market countries.
Source: Direxion
August 16, 2017--We just added 32 equity ETFs to our database, all of them newly listed in the past few months (Table 1). Twenty six of them are classified as "Smart Beta" funds, always fertile ground for new products despite the fact that smart beta's growth in market share seems to have stalled in recent quarters.
Among the more notable listings is the iShares Core MSCI International Developed Markets ETF (IDEV), which provides international exposure at a rock-bottom expense ratio of 7 basis points. Though similar to the iShares Core MSCI EAFE ETF (IEFA, expense ratio of 8bp) with 72% overlap, IDEV offers exposure to Canada whereas the EAFE Index has none.
Source: AltaVista Research
August 16, 2017--This paper released by the Federal Reserve explores the current wave of fintech innovations and why technology appears poised to bring about massive changes in the financial sector.
view paper
Source: federalreserve.gov
August 16, 2017--Eaton Vance has updated its Adviser Top-of-Mind Index, revealing advisers' biggest concerns as well as potential solutions.
Market volatility remains a top concern for advisers, according to the latest Adviser Top-of-Mind Index by Eaton Vance.
Source: planadviser.com
August 16, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
view update
Source: CFTC.gov
Investment Management Update
August 16, 2017--On August 25, 2016, the SEC adopted amendments to Form ADV that have a compliance date of October 1, 2017.
As of that date, any adviser filing an initial Form ADV or an amendment to an existing Form ADV will be required to provide responses to the form revisions adopted in the rulemaking, such as increased disclosure on separately managed account portfolios.
Source: ThompsonHine.com
August 16, 2017--Exchange Traded Notes ULBR and DLBR provide U.S. investors with products linked to composite forward LIBOR rate
VelocityShares, a Janus Henderson Group plc (NYSE:JHG) brand, today announced the launch of two new composite forward LIBOR rate linked Exchange Traded Notes ("ETN").
VelocityShares(R) Long LIBOR ETNs (NYSE Arca:ULBR) linked to the Janus Velocity Long LIBOR Index
Source: Janus Henderson