Americas ETP News
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Regulators descend on booming ETF market
September 10, 2017--Providers agree it is time to modernise rules governing the $4tn exchange traded funds industry.
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Source: FT.com
CFTC.gov Commitments of Traders Reports Update
September 8, 2017--The current reports for the week of September 5, 2017 are now available.
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Source: CFTC.gov
CBO-Monthly Budget Review for August 2017
September 8, 2017-- The federal budget deficit was $675 billion for the first 11 months of fiscal year 2017, CBO estimates-$56 billion more than the shortfall recorded during the same span last year.
Both receipts and outlays were higher than they were last year, but outlays rose much more. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend), the deficit for the 11-month period would have been $97 billion larger than the amount recorded in that period last year.
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Source: Congressional Budget Office (CBO)
Lipper-U.S. Fund-Flows Weekly Report: Investors Turn to Money Market Funds
September 8, 2017--Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) had net inflows of $7.5 billion for the fund-flows week ended Wednesday, September 6. The overall positive flows were driven by money market funds (+$6.8 billion), while taxable bond funds (+$1.6 billion) and municipal bond funds (+$250 million) also contributed to the total net inflows.
Equity funds (-$1.1 billion) was the only fund macro-group that saw net money leave for the week.
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Source: Thomson Reuters Lipper
KraneShares MSCI One Belt One Road ETF (Ticker: OBOR) Lists on the New York Stock Exchange
September 8, 2017--Krane Funds Advisors, LLC, ("KraneShares") a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs) and innovative China investment strategies, announced the launch of the KraneShares MSCI One Belt One Road ETF (ticker: OBOR).
The OBOR ETF, listed on the New York Stock Exchange, holds strategic companies from countries participating in China's One Belt One Road initiative (OBOR).
The OBOR initiative is a primary focus of Chinese President Xi Jinping.
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Source: Krane Funds Advisors, LLC
BNY Mellon DR Index Monthly Performance-August 2017
September 7, 2017--The BNY Mellon DR Index Monthly Performance report is now available.
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Source: BNY Mellon
Goldman Sachs Asset Management Launches Access Exchange-Traded Fund Goldman Sachs Access High Yield Corporate Bond ETF
September 7, 2017--Goldman Sachs Access High Yield Corporate Bond ETF (Ticker: GHYB) Offers Smart Beta Bond Exposure
GSAM today announced the expansion of its Access suite of exchange-traded funds ("ETF") with the launch of the Goldman Sachs Access High Yield Corporate Bond ETF (Ticker: GHYB).
The fund seeks to offer lower-cost1 access to high yield corporate bond markets.
GHYB seeks to track the Citi Goldman Sachs High Yield Corporate Bond Index (the "Index"), which uses a transparent, rules-based methodology, aiming to exclude those bonds with the greatest potential to default or deteriorate in price. It is priced to investors at 34 basis points2 and will begin trading on the NYSE Arca on September 7 with $50 million in assets.
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Source: Goldman Sachs Asset Management, L.P.
State Street agrees $35m fraud settlement with SEC
September 7, 2017--Complaints related to hidden mark-ups and lack of disclosure over an electronic platform.
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Source: FT.com
BullMark LatAm Select Leaders ETF to Delist from the Nasdaq
September 7, 2017---As per the Listing Qualifications Staff of the Nasdaq Stock Market LLC, shares of the BullMark LatAm Select Leaders ETF-BMLA (the "Fund") will be delisted from Nasdaq due to the fund's non-compliance with the minimum shareholder requirement.
Details of the ETF are as follows.
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Source: Horizons ETFs Management (US), LLC
Study: Fee-Based Advice to Soldier on Regardless of Rule Outcome
September 7, 2017--Regardless of the long-term fate of the Department of Labor's fiduciary rule, advisors in broker-dealer channels will continue shifting to fee-based products and passively managed investments, a new survey found.
Broker-dealer advisors are also expected to disengage from smaller, less profitable clients.
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Source: insurancenewsnet.com
