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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
Evolve Enters into Agreement to Purchase ETF Management Contracts from Sphere
November 1, 2017--Evolve Funds Group Inc. ("Evolve"), a Canadian Exchange Traded Fund provider, today announced that it has entered into an agreement with Sphere Investment Management Inc. ("Sphere"), to purchase the management contracts for each of the following five Sphere listed Exchange Traded Funds ("ETFs"):
Sphere FTSE Canada Sustainable Yield Index ETF (TMX: SHC)
Sphere FTSE US Sustainable Yield Index ETF (TMX: SHU)
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Source: Evolve Funds Group Inc.
Federal Reserve issues FOMC statement
November 1, 2017--Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate despite hurricane-related disruptions
Although the hurricanes caused a drop in payroll employment in September, the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters. Gasoline prices rose in the aftermath of the hurricanes, boosting overall inflation in September; however, inflation for items other than food and energy remained soft. On a 12-month basis, both inflation measures have declined this year and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
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Source: federalreserve.gov
CME Group Announces Launch of Bitcoin Futures
October 31, 2017--CME Group, the world's leading and most diverse derivatives marketplace, today announced it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.
The new contract will be cash-settled. based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME
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Source: CME Group
ETF price wars deepen as Deutsche cuts fees at flagship fund
October 31, 2017--Deutsche Bank's asset management trimmed the expense ratio of its $281m Xtrackers USD High Yield Corporate Bond ETF from 25 basis points to 20bp, making it about half as expensive as the two big junk bond ETFs from BlackRock and State Street.
That means it costs 20 cents annually to buy $100 worth of the ETF.
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Source: FT.com
