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Marco Polo Securities Partners with Alpha Finance to Market Greek Investment Products
June 28, 2017--Marco Polo Securities Inc., the New York-based broker dealer and securities distribution platform, today announced that Alpha Finance, the leading Greek investment and securities firm, has joined its global marketing and distribution platform.
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Source: Marco Polo Securities Inc.
BlueStar Israel Weekly Market Snapshot #2
June 28, 2017--The BlueStar Israel Weekly Market Snapshot #2 is available.
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Source: Blue Star Indexes
Candriam launches ESG smart beta ETF range
June 28, 2017--Candriam Investors Group has launched a range of specialized ETF strategies which combine ESG screening with smart beta, the company has announced.
New York Life Investment Management, which owns Candriam, will provide its expertise in ETF products for Candriam's new range.
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Source: citywireamericas.com
2017 Article IV Consultation with the United States of America-Concluding Statement of the IMF Mission
June 27, 2017-- The Macroeconomic Outlook
1. The U.S. economy is in its third longest expansion since 1850. Real GDP is now 12 percent higher than its pre-recession peak, job growth has been persistently strong and, although there are measurement uncertainties, the U.S. economy appears to be back at full employment.
2. However, the outlook is clouded by important medium-term imbalances. The U.S. economic model is not working as well as it could in generating broadly shared income growth.
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Source: IMF
ClearShares LLC Launches First OCIO ETF
June 27, 2017--An Innovative Investment Solution Integrating the Expertise of the Outsourced Chief Investment Officer (OCIO) With the Advantages of an Exchange Traded Fund
ClearShares LLC, a wholly owned subsidiary of Clearbrook Global Advisors, announced today that the ClearShares OCIO ETF (NYSE: OCIO) began trading June 27, 2017 on the NYSE. An early adopter of OCIO in ETF form, the ClearShares OCIO ETF (the "Fund") is an ETF of ETFs, offering access to an actively managed, diverse portfolio of passive index-based ETFs and actively managed ETFs.
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Source: ClearShares
CBO-H.R. 1628, Better Care Reconciliation Act of 2017
June 26, 2017--CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting the legislation-which would repeal or modify many provisions of the Affordable Care Act-would reduce federal deficits by $321 billion over the coming decade.
CBO and JCT estimate that in 2018, 15 million more people would be uninsured under the legislation than under current law. After additional changes to subsidies for insurance purchased in the nongroup market and to the Medicaid program took effect, the increase in the number of uninsured people would rise to 19 million in 2020 and then to 22 million in 2026.
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Source: Congressional Budget Office (CBO)
AdvisorShares Weekly Market Review-Central Bank Hedge Funds?
June 26, 2017--Highlights of the Week Ending 6/23/2017
Macro
For the third week in a row, the more volatile benchmarks outperformed the stodgier ones.
The Dow Jones Industrial Average was up five basis points and the S&P 500 added twenty basis points compared to 0.64% lift for the Russell 2000 and the 1.83% jump for NASDAQ.
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Source: AdvisorShares
Evolve Funds Group Inc. Announces Filing of Preliminary Prospectus for Actively-Managed ETFs Evolve Funds Group Inc. Announces Filing of Preliminary Prospectus for Actively-Managed ETFs
June 26, 2017--Evolve Funds Group Inc. ("Evolve Funds") announces the filing of a preliminary prospectus with the Canadian securities regulators in connection with the launch of four actively managed exchange-traded funds (the "Evolve ETFs"):
Evolve Active US Core Equity ETF-(Hedged and Unhedged classes)
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Source: Evolve Funds Group Inc.
WisdomTree Canada Launches Two New Smart Beta Fixed Income ETFs on the TSX Google+ Share with LinkedIn
June 26, 2017--WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada"), today announced the launch of two smart beta fixed income ETFs, the WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF ("CAGG") and the WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF ("CAGS") (collectively the "Funds").
WisdomTree Canada has completed the initial public offering of the non-hedged units of the Funds. The non-hedged units of the WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF and the WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF will commence trading on the Toronto Stock Exchange ("TSX") today under the ticker symbols CAGG and CAGS, respectively.
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Source: WisdomTree
Fierce resistance to ban on Canadian commission fees
June 24, 2017--Asset managers insist the regulator's proposed changes will hurt savers.
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Source: FT.com