Americas ETP News
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Defiance Launches $IBIT: First Short Blockchain ETF-to Hedge Crypto Industry
September 8, 2022--Today, Defiance, a leading thematic ETF provider, is announcing the launch of The Defiance Daily Short Digitizing the Economy ETF (IBIT).
IBIT enters short positions of the Amplify Transformational Data ETF (BLOK), a leading actively managed ETF that offers exposure to companies in the crypto and blockchain ecosystem.
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Source: Defiance ETFs
Beige Book-September 7, 2022
September 7, 2022--Overall Economic Activity
Economic activity was unchanged, on balance, since early July, with five Districts reporting slight to modest growth in activity and five others reporting slight to modest softening. Most Districts reported steady consumer spending as households continued to trade down and to shift spending away from discretionary goods and toward food and other essential items.
Auto sales remained muted across most Districts, reflecting limited inventories and elevated prices.
Hospitality and tourism contacts highlighted overall solid leisure travel activity with some reporting an uptick in business and group travel. Manufacturing activity grew in several Districts, although there were some reports of declining output as supply chain disruptions and labor shortages continued to hamper production. Despite some reports of strong leasing activity, residential real estate conditions weakened noticeably as home sales fell in all twelve Districts and residential construction remained constrained by input shortages. Commercial real estate activity softened, particularly demand for office space. Loan demand was mixed; while financial institutions reported generally strong demand for credit cards and commercial and industrial loans, residential loan demand was weak amid elevated mortgage interest rates.
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Source: federalreserve.gov
Emerge Canada Launches New EMPWR Program, including Five ETFs on the Neo Exchange
September 7, 2022--Emerge Canada's EMPWR program designed to support and highlight women-led investment managers while promoting sustainable investing
Emerge Canada Inc. ("Emerge") has launched its new proprietary EMPWR program today. EMPWR is available in both Canada and the U.S. and includes separate account strategies, mutual funds and exchange-traded funds ("ETFs").
EMPWR is designed to support and highlight women-led investment managers while promoting sustainable investing.
Emerge is launching the following five ETFs in Canada (each, an "EMPWR ETF" and collectively, the "EMPWR ETFs"), including Canadian dollar-denominated exchange-traded units ("CAD Units") and U.S.-dollar-denominated exchange-traded units ("USD Units") of each EMWPR ETF, and five ETFs in the U.S.
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Source: Emerge Canada Inc.
Direxion Launches First Amazon, Google and Microsoft Single Stock Leveraged and Inverse ETFs
September 7, 2022--Following upon the recent success of its first four single stock leveraged and inverse ETFs-TSLL, TSLS, AAPU, and AAPD- Direxion, a leading provider of tradeable and thematic ETFs, today announced the launch of an additional six single stock leveraged and inverse ETFs, listing on the NASDAQ, which allow active traders to obtain magnified, or inverse, exposure to the daily performance of the common stocks of Amazon, Google or Microsoft.
"Amazon, Google and Microsoft are three of the world's largest stocks, are heavily traded, and are widely recognized," said Direxion Managing Director and Head of Product, David Mazza.
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Source: direxion.com
Single-Stock Fund Frenzy Sends ETF Issuance to Fastest Pace Ever
September 6, 2022--Unfazed by the rout in markets this year, the booming exchange-traded fund industry is pumping out new products to US investors at an unprecedented pace -- and with more to come as issuers race to cash in on a new category of single-stock ETFs.
In the first eight months of this year, 273 funds have debuted, exceeding the number of launches during the same period in previous years, according to data compiled by Bloomberg. The amount has eclipsed even the 259 launches in the first eight months of last year, when record flows rushed into ETFs as investors chased a surging bull market.
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Source: bnnbloomberg.ca
World Economic Forum-How much did supply constraints boost US inflation?
September 5, 2022--The recent inflation surge remains a huge topic of debate among academics and policymakers.
US analysts have created a research framework that allows them to quantify the effects of the pandemic on inflation, as well as decompose the contribution of demand- and supply-side factors.
Inflation in the US would have been lower at the end of 2021 without supply chain problems, their findings suggest.
It is possible that the ongoing easing of bottlenecks will cause a substantial drop in inflation in the near term, the researchers say.
What factors are behind the recent inflation surge has been a huge topic of debate amongst academics and policymakers. We know that pandemic-related supply constraints such as labor shortages and supply chain bottlenecks have been key factors pushing inflation higher. These bottlenecks started with the pandemic (lockdowns, sick workers) and were made worse by the push arising from increased demand caused by very expansionary fiscal and monetary policy.
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Source: weforum.org
The housing market slowdown, explained in 7 charts
September 4, 2022--It's becoming harder for buyers and renters to afford housing with steep mortgage rates and ultra-high prices.
After mortgage rates hit record lows during the pandemic, driving up demand for new homes and pushing up listing prices, the housing market is now slowing down.
That's good news for buyers who can afford to stay in the market. But many prospective buyers are being priced out as high mortgage rates and steep prices make it unaffordable for some to purchase a new home. At the same time, new home construction has decreased as builders become warier of falling demand - and rent prices have continued to increase.
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Source: vox.com
Hamilton ETFs Launches Hamilton Enhanced Utilities ETF
September 2, 2022--Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the launch of the Hamilton Enhanced Utilities ETF ("HUTS" or the “ETF”).
HUTS has closed the offering of its initial Class E Units and units of the ETF will begin trading on Tuesday, September 6, 2022, on the Toronto Stock Exchange ("TSX") under the ticker symbol “HUTS”.
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Source: Hamilton Capital Partners
'Anti-woke' and sin ETFs could get caught up in SEC rules scrutiny
September 1, 2022--The MAGA, Vice and BAD ETFs would be impacted by ESG Funds and Names Rule changes, if adopted.
All registered funds would have to comply with the ESG Funds and Names Rule proposals, if passed as floated, analysts say- including mutual funds and ETFs that take aim at the mainstream environmental, social and governance investing movement.
All ETFs - including the MAGA ETF, Vice ETF, BAD ETF and the not-yet-launched God Bless America ETF-would be required to align 80 per cent of their portfolios with their names, if the proposed amendments are enacted.
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Source: ft.com
Stark differences revealed under the bonnet of clean energy ETFs
August 30, 2022--An analysis of the offerings the funds provide show how important it is to look beyond the name
The invasion of Ukraine, surging oil prices and devastating evidence of climate change are likely to have helped contribute to the sustained demand for clean energy funds this year, even as broader environmental, social and governance (ESG) portfolios have seen their popularity ebb amid the wider sell-off in growth stocks.
That is despite some mixed short-term performance: most of the broad clean energy funds discussed in this piece are slightly down or flat for the year to August 11 if we look at local currency returns, although the strength of the US dollar has translated into some big gains for sterling investors in many cases. It is only the Invesco Global Clean Energy Ucits ETF (GCLX) that is still notably down over the period in sterling terms.
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Source: ft.com
