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AdvisorShares-This Week in Active ETFs: The Alpha All-Star Summit Is Coming
June 12, 2017--AdvisorShares Weekly Market Review-Week Ending 6/9/2017
The Dark Knight Passes
Macro
The broad market benchmarks had a curious week. The Dow and the S&P 500 were very flat (up 27 basis points and down 32 basis points respectively) while the Russell 2000 gained 1.12% and the NASDAQ fell 1.59%, including a 1.82% drop on Friday alone for the NASDAQ.
Barron's attributed that Friday hit to concerns raised by a couple of brokerage firms that the recent outperformance of a handful of tech stocks (more on this below) might be overdone and due to mean revert.
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Source: AdvisorShares
Cheat sheet: Treasury's extensive reg relief wishlist
June 12, 2017--The Treasury Department released its highly-anticipated report on revamping financial industry regulations late Monday, including many expected recommendations while also offering up some surprises.
In some respects, the report echoes a bill passed by the House last week, including a leverage ratio "off-ramp" from many post-crisis rules, a significant paring back of the Federal Reserve's stress testing program and a reconsideration of many of the international standards the U.S. follows.
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Source: americanbanker.com
Pacer ETFs Crosses $1 Billion Threshold
June 12, 2017--In two years, Pacer ETFs has reached a major milestone, a testament to their strategy driven ETFs
Pacer ETFs, an award-winning ETF provider that offers passive rules
-based strategies, is excited to announce its growth of more than $1 billion in assets under management just as they celebrate their second birthday.
"It's an exciting time to be at Pacer. We’ve achieved a major milestone, crossing the $1 billion threshold just as we're turning two years old, and we,ve only just scraped the surface of our potential.
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Source: Pacer Financial
Mackenzie announces change to Mackenzie Maximum Diversification US Index ETF
June 12, 2017--Mackenzie Financial Corporation (Mackenzie Investments) announced today a reclassification of the Mackenzie Maximum Diversification US Index ETF risk rating from "Low to Medium" to "Medium".
The ETF seeks to replicate the performance of the TOBAM Maximum Diversification USA Index, or any successor thereto. It invests primarily in U.S. equity securities.
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Source: mackenzieinvestments.com
AdvisorShares Announces ETF Closures
June 12, 2017--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares QAM Equity Hedge ETF (NYSE Arca: QEH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI) will close.
The AdvisorShares Board of Trustees approved the closings and subsequent liquidations of QEH and MAUI. The last day of trading for both funds will be June 23, 2017, which will also be the final day for creations or redemptions by authorized participants.
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Source: AdvisorShares
Treasury Releases First Report on Core Principles of Financial Regulation Stimulating Economic Growth, Increasing Access to Capital & Taxpayer Protection Are Top Priorities
June 12, 2017-The U.S. Department of the Treasury today issued its first in a series of reports to President Donald J. Trump examining the United States' financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.
"Properly structuring regulation of the U.S. financial system is critical to achieve the administration's goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy," said U.S. Treasury Secretary Steven T. Mnuchin. "We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products-while ensuring taxpayer-funded bailouts are truly a thing of the past."
view the A Financial System That Creates Economic Opportunities Banks and Credit Unions
U.S. Department of the Treasury report
Source: US Department of the Treasury
DeFAANGed: 10 Most Exposed ETFs
June 11, 2017--The market's "Fab Five" technology stocks-Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOGL and/or GOOG)-often called by their acronym FAANG, had a bad day on Friday after research notes from Goldman Sachs, Deutsche Asset Management and others warned that these stocks were too expensive.
Owning these five stocks, which together accounted for more than 40% of the S&P 500's gains this year before Friday's selloff according to an article in this weekend's edition of Barron's, are an extremely crowded trade.
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Source: AltaVista Research
Tech sell-off: time to look at ETFs?
June 9, 2017--Symptom or cause? Trading activity on one of the largest and oldest exchange-traded funds that tracks many of the biggest US tech groups..
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Source: FT.com
CFTC.gov Commitments of Traders Reports Update
June 9, 2017--The current reports for the week of June 06, 2017 are now available.
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Source: CFTC.gov
Barclays to Automatically Redeem the iPath(R) Short Enhanced MSCI Emerging Markets Index ETN
June 9, 2017--Barclays Bank PLC announced today the automatic redemption of the iPath(R) Short Enhanced MSCI Emerging Markets Index Exchange Traded Note (ticker: EMSA) (the "ETNs").
The ETNs are being redeemed as the result of an automatic termination event occurring on June 8, 2017, the automatic termination date.
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Source: Barclays
