Americas ETP News
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Crash-protection mode' helps managed futures ETFs crush rivals
October 10, 2022-The largest fund DBMF has delivered returns in excess of 30 per cent this year
With equities, bonds and real estate all underwater this year, most exchange traded fund investors are nursing sharp losses.
One small corner of the ETF world has delivered decent returns, though, despite -or maybe because of-the red ink elsewhere.
Managed futures funds take both long and short positions in futures contracts linked to equities, bonds, commodities and currencies, potentially allowing them to make money even when markets fall-as long as there is a clear trend for them to follow.
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Source: ft.com
The Curse of the Strong U.S. Economy
October 7, 2022--Summary:
With GDP contracting in the first half of the year and a cratering stock market, it may seem surprising to describe the U.S. economy as "strong." While the haze of macroeconomic data is exceptionally contradictory, the current reality is that highly profitable firms are employing a record number of workers and paying them rising wages. This would all be good news if it didn't stoke the fire of inflation.
In fighting inflation, the Fed is now much more accepting of the risk of causing a recession. When recession looms, the reaction from executives is often to retreat behind the moat, pull up the drawbridge by cutting orders, production, investment, and the workforce, all with an aim to fortify the balance sheet with liquidity to ride out the storm. But this alone would be a wasted opportunity to improve competitive position at a time when rivals will be distracted.
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Source: Harvard Business Review
Tech stock shocks put ETF investors' concentration risk to the test
October 5, 2022--2022 has turned out to be a terrible year for many investors due to stock market declines fueled by worries about a global recession, rising inflation, and higher interest rates.
Furthermore, exchange traded funds that focus on disruptive, high-growth businesses have been hit particularly hard. Cathie Wood's flagship Ark Innovation ETF, the poster child for such ETFs, has a paper loss for the year ending on September 28 of 64% in US dollars, reported the Financial Times.
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Source: wealthprofessional.ca
Social and infrastructure investments can drive growth and shared prosperity in Latin America and the Caribbean
October 4, 2022-- Latin America and the Caribbean economies have recovered to their pre-pandemic levels and the region has regained some sense of normalcy, but economies need to be reignited in order to avoid a new low-growth cycle. Social and infrastructure investments can be key drivers of growth and shared prosperity, according to a new World Bank report, "New Approaches to Closing the Fiscal Gap."
The report estimates regional GDP will grow by 3.0 percent in 2022, a higher than previously expected rate due to rising commodities prices.
However, strong global uncertainty as a result of the war in Ukraine, higher interest rates in developed countries and the persistent inflationary pressures will impact economies in the region. Low growth rates of 1.6 and 2.3 are expected in 2023 and 2024, respectively, similar to the lackluster levels of the decade of 2010 and insufficient to achieve significant progress in reducing poverty. Inflation, while for most countries is at OECD levels, will require continued efforts to reduce to previous target levels.
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Source: worldbank.org
New Bitwise Web3 ETF (BWEB) Set To Capture One of the Biggest Growth Opportunities in Tech
October 4, 2022--October 4, 2022--Bitwise Asset Management, the world’s leading crypto index fund manager with more than $1.3 billion in assets under management,1 today announced the launch of the Bitwise Web3 ETF (ticker: BWEB).
The strategy gives investors access to companies well positioned to benefit from the emergence of Web3, a term used to describe the next wave of the internet's development characterized by greater decentralization and individual ownership of data.
As the Web3 name suggests, one well-established paradigm defines the internet's evolution in three stages. The earliest version of the Web (Web1) consisted of "read-only" web sites.
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Source: Bitwise Asset Management
Can 'K-pop' deliver a global ETF hit?
October 3, 2022--South Korean entertainment has stormed to the top of the global charts-and now an ETF provider is hoping that acclaim can translate into financial gains for exchange traded fund investors beyond the Asian country.
Research suggests that thematic ETFs, on average, underperform- partly because, by the time they launch, they are already late to the party. But CT Investments, a newcomer to the ETF industry, thinks the craze for Korean entertainment is far from over.view more
Source: ft.com
Fund managers pull nearly 130 single-stock ETF applications
September 30, 2022--The funds would have been linked to the price of non-US companies such as Saudi Aramco and Alibaba
Three fund managers have withdrawn applications for almost 130 single-stock exchange traded funds prompting suggestions that US regulators had privately told them the ETFs would not be approved.
Kelly Intelligence, Roundhill Investments and Tema Global had filed with the Securities and Exchange Commission to create ETFs linked to the share price of a slate of non-US companies, such as Saudi Aramco, Volkswagen and Tencent.
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Source: ft.com
Simplify Launches Innovative ETF Combining Income Generation With Bitcoin
September 30, 2022--The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is first ETF to provide exposure to bitcoin while generating income by selling short-dated put or calls spreads on the most liquid global equity indices
Simplify Asset Management ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs"), is today announcing the launch of its newest fund, the Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ: MAXI).
MAXI is the first ETF designed to provide investors not only with exposure to bitcoin but also with the potential to generate income by selling short-dated put or call spreads on the most liquid global equity indices.
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Source: Simplify Asset Management Inc.
Avantis Reaches Three-Year Anniversary,, Continues To Expand Offering
September 29, 2022--This week, Avantis Investors, an investment offering from global asset manager American Century Investments, reached the three-year anniversary of bringing its first five equity ETFs to the market.
Each of the five initial Avantis ETFs has surpassed $1 billion in assets under management at the three-year mark, and Avantis collectively now manages nearly $14 billion* across 16 strategies.
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Source: American Century Investments
Putnam Investments to Launch Two Innovative Active ETFs
September 28, 2022--Firm to Offer First Actively Managed Business Development Company ETF Additionally Putnam to Offer New Biology Revolution ETF,
September 28, 2022--On Friday, September 30, Putnam Investments will begin to offer two new transparent, actively managed, equity exchange-traded funds (ETFs).
The firm will be launching Putnam BDC Income ETF, concentrating in business development companies (BDCs), and Putnam BioRevolutionTM ETF, centered on companies operating at the intersection of technology and biology in the "biology revolution."
One important milestone of the upcoming launch is that the Putnam BDC Income ETF will represent the first actively managed BDC ETF in the marketplace, investing in a host of BDC opportunities with an eye toward generating income for investors.
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Source: Putnam Investments
