Americas ETP News
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ULTUMUS-PIMCO Equity ETFs & Franklin Templeton will be listing 2 actively managed ETFs
August 29, 2017--PIMCO has come back to ETFs in a big way, launching three first-of-a-kind ETFs with its Californian neighbour Research Affiliates.
The three new funds will all be factor trackers. What makes them special however is that they will adjust their factor exposure to changing market conditions.
The funds are:
PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX)
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Franklin Templeton will be listing two actively managed municipal bond ETFs. Both will try to achieve gains through income yields and tax efficiency, rather than through rising asset prices. The Intermediate Municipal Opportunities ETF (FLMI) will invest at least 80% of its assets in municipal bonds whose interest payments are not subject to federal income tax...
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Source: ULTUMUS-Financial Data Management
Wilshire Expands Custom Client 'Powered by Wilshire' Index Suite, Announces Availability Of Sage ESG Intermediate Credit IndexSM
August 29, 2017--Wilshire Associates (Wilshire(R)) today announced the availability of a new Powered by WilshireSM index, the Sage ESG Intermediate Credit IndexSM (GUDBESG).
Created and owned by Sage Advisory Services, Ltd. Co. (Sage Advisory), with Wilshire retained as index consultant and calculation agent, the new index is designed to provide an index optimized for highest Environmental, Social & Governance (ESG) ratings as well as liquidity.
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Source: Wilshire Associates
Exponential ETFs Launches First-Of-Its-Kind Fixed Fee Sub Advisory Service
August 29, 2017--ETF issuer Exponential ETFs will selectively partner with asset managers to offer combined portfolio management and capital markets functions for a fixed-rather than asset-based fee.
Exponential ETFs, an exchange-traded fund issuer, today announces the launch of its fixed fee sub advisory and capital markets service for select partnered asset managers. This first-of-its kind service provides select partners with combined portfolio management and capital markets solutions for a fixed fee as opposed to the traditional asset-based fee structure that results in higher costs for the fund manager as successful products attract assets.
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Source: ACSI Funds
GAMCO Investors, Inc. Licenses ActiveSharesSM Exchange-Traded Fund Structure
August 28, 2017--GAMCO Investors, Inc. ("GAMCO") (NYSE:GBL) today announced that it has entered into a license agreement with Precidian Investments LLC ("Precidian") to support the launch by GAMCO of a family of ActiveSharesSM actively-managed, semi-transparent exchange-traded funds (ETFs).
The Precidian model, subject to applicable regulatory approvals, would allow GAMCO to deliver actively-managed investment strategies in an ETF vehicle without disclosing holdings on a daily basis. Precidian is currently seeking approval for use of ActiveSharesSM from the SEC.
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Source: GAMCO
AdvisorShares Weekly Market Review-Unlucky 7's
August 28, 2017--Highlights of the Week Ending 8/25/2017
Macro
Domestic equity markets worked their way higher last week but only modestly so as political concerns related to the debt ceiling (the President seemingly willing to shut down the government while everyone else involved is saying there is no doubt a deal will get done,, Gary Cohn's (now off the table) resignation threat, doubling down on military efforts in Afghanistan and anything else you can think of seemed to weigh heavy.
There was optimism though that tax reform could start to move forward. The Dow Jones Industrial Average gained 0.67%, the S&P 500 added 0.74%, the NASDAQ moved ahead 0.78% and the Russell 2000 was up 1.42%.
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Source: AdvisorShares
SEC Waits on Sidelines as New Bitcoin Market Opens
August 28, 2017--The SEC likely will wait to see how a new market approved by the U.S. futures regulator for bitcoin options fares before moving forward with an application for an exchange-traded fund that would trade shares based on the cryptocurrency.
The Securities and Exchange Commission will want to take into account how the trading platform and clearinghouse for bitcoin options traded on LedgerX matures and gains liquidity, said John Servidio, a partner with Winston & Strawn, New York.
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Source: Bloomberg BNA
CFTC.gov Commitments of Traders Reports Update
August 25, 2017--The current reports for the week of August 22, 2017 are now available.
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Source: CFTC.gov
John Hancock files with the SEC-John Hancock Multifactor Consumer Discretionary ETF
August 25, 2017--John Hancock has filed a post-effective amendment, registration statement with the SEC for the
John Hancock Multifactor Consumer Discretionary ETF.
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Source: SEC.gov
Record Days for VIX Futures and Options Volume and Open Interest This Month
August 25, 2017--Despite the fact that the average daily closing value of the CBOE Volatility Index®(VIX®)is about 11.5 so far this year, VIX futures and options both had record days for volume and for open interest this month.
OPEN INTEREST RECORDS. VIX futures hit a new record for open interest with more than 673,000 contracts on August 7, and VIX options reached a new record for open interest with 14,783,380 contracts open on August 15.
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Source: CBOE
ETF Managers Group Announces Closure of IMED ETF
August 25, 2017--ETF Managers Group LLC ("ETFMG") today announced that the Board of Trustees of the ETF Managers Trust has decided to close the ETFMG ETFx HealthTech ETF (IMED) based on an ongoing review of market demand.
Effective immediately, IMED will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.
Trading will be suspended on NASDAQ at the closing of the market on September 06, 2017.
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Source: ETF Managers Group (ETFMG)
