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Carving Up the Bond Market Swells Into $39 Billion ETF Business
June 15, 2023--Maturity-focused BlackRock and Invesco bond funds are booming
managers are flocking to extremely precise fixed-income exchange-traded funds as a hawkish central bank and economic uncertainty batter the bond market.
Assets in BlackRock Inc. and Invesco Ltd.'s maturity-focused bond ETFs, which hold debt maturing in a certain year, have soared to all-time highs this year, data from the issuers show. BlackRock's iBonds lineup now holds over $22 billion, while Invesco's BulletShares suite of funds isn't far behind with over $16 billion.
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Source: bloomberg.com
US Fed Pauses Rate Hikes But Signals More Tightening Ahead
June 14, 2023--The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating that another sharp increase could be needed before year-end.
After 10 straight increases since March 2022, the Fed's rate-setting committee voted to hold its benchmark lending rate between 5.0 percent and 5.25 percent, the central bank said in a statement.
Despite the Fed's aggressive campaign of monetary tightening, annual inflation remains stubbornly above its long-term target of two percent, while unemployment is close to record lows.
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Source: barrons.com
Simplify Announces the Launch of the Market Neutral Equity Long/Short ETF (EQLS)
June 14, 2023--Fund delivers a modern take on an equity long/short portfolio, utilizing a multi-factor machine learning-powered quantitative ranking system to drive equity exposure and a dynamic deleveraging strategy to help avoid severe drawdowns
Simplify Asset Management ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs"), is today announcing the launch of the Simplify Market Neutral Equity Long/Short ETF (NYSE Arca: EQLS).
The Fund is a first-of-its-kind ETF, utilizing a proprietary machine learning stock selection model to deliver a modern take on the equity long/short portfolio.
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Source: Simplify Asset Management Inc.
ETFGI reports ETFs industry in Canada gathered net inflows of US$2.12 billion during May
June 14, 2023--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in Canada gathered net inflows of US$2.12 billion during May, bringing year-to-date net inflows to US$12.80 billion.
Year-to-date, assets have increased 8.5%, going from US$250 Bn at the end of 2022, to US$271 Bn, according to ETFGI's May 2023 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
ETFs industry in Canada gathered net inflows of $2.12 Bn in May.
YTD net inflows of $12.80 Bn in 2023 are the fourth highest on record, after YTD net inflows of $22.22 Bn in 2021, YTD net inflows of $15.76 Bn in 2022, and YTD net inflows of $14.42 Bn in 2020.
11th month of consecutive net inflows.
Assets of $271 Bn invested in ETFs industry in Canada at the end of May.
Assets have increased 8.5 % YTD in 2023, going from $250 Bn at the end of 2022, to $271 Bn.
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Source: etfgi.com
WisdomTree board battle reaches climax as AGM approaches
June 13, 2023--WisdomTree's battle with its largest shareholder over its board has reached a climax ahead of its annual general meeting later this week.
The fight between WisdomTree and ETFS Capital, which holds a combined 18.3% of WisdomTree's outstanding common stock on an as-converted basis, erupted in April over the performance of the firm and the launch of its digital wallet.
WisdomTree accused of 'desperate smears' by largest shareholder as conflict escalates
In a letter yesterday (12 June), ETFS Capital once again attacked the firm, arguing it has "presided over the destruction of $1bn of stockholder value".
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SEC to Weigh New Artificial-Intelligence Rules for Brokerages
Since taking the helm of the agency two years ago, SEC Chair Gary Gensler has repeatedly expressed concerns over whether brokers and financial advisers really make recommendations that are in their clients' best interests. He’s also said certain new technologies when used by financial professionals can present "inherent" conflicts of interest. view more Defiance ETFs Launches EVXX, The First ETF Offering Pure Exposure to the EV Revolution
Many countries have already begun to outpace early estimates for EV adoption. EV sales are expected to grow 35% this year to reach 14 million units after a record-breaking 2022.1
view more Amplify ETFs Doubles Product Line with Agreement To Acquire ETF Managers Group's Exchange-Traded Funds view more Fidelity Launches Six Thematic ETFs with Innovative Disruptive Strategies The new ETFs will be among the most competitively priced active thematic strategies in the industry with a total expense ratio of 0.50%. view more Clouty Introduces MUSIQ, First Benchmarked Financial Index for Streaming of Songs
Music is one of the only asset classes that has continued to rise amidst a macro-economic downturn.
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Source: investmentweek.co.uk
June 13, 2023--Wall Stree's main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients.
The US Securities and Exchange Commission said Tuesday that a long contemplated plan to rein in conflicts of interest associated with the technology could be introduced as soon as October.
The proposal would also apply to predictive data analytics and machine learning.
Source: bnnbloomberg.ca
June 12, 2023-EVXX offers access to the 5 largest pure electric vehicle companies globally-current holdings include Tesla, Nio, Rivian, LI Auto and Xpeng
Defiance, a leading thematic ETF provider, today announced the launch of EVXX, the Defiance Pure EV ETF.
EVXX is the first ETF in the electric vehicle ("EV") sector to target pure exposure to EV manufacturers, providing long-term investors with direct and concentrated access to the fastest-growing electric vehicle companies.
Source: Defiance ETFs
June 12, 2023--The transaction covers over $3.5 billion in ETF assets expanding Amplify ETFs' income, thematic, and core offerings.
Amplify ETFs and ETF Managers Group (ETFMG) announced today a definitive agreement under which Amplify ETFs will acquire ETFMG's exchange-traded funds (ETFs) lineup.
In addition to complementing Amplify ETFs' current suite of income, thematic, and core ETFs, this acquisition will double its offerings and provide investors access to many first-to-market, innovative, and transformational trends through an expanded thematic lineup.
Source: yahoo.com
June 12, 2023-Fidelity's Expanding Active Equity ETF Lineup now includes 15 ETFs and more than $1 billion in assets
Fidelity Investments announced the launch of six new disruptive ETFs. Fidelity Disruptive Automation ETF (FBOT), Fidelity Disruptive Communications ETF (FDCF), Fidelity Disruptive Finance ETF (FDFF), Fidelity Disruptive Medicine ETF (FMED), and Fidelity Disruptive Technology ETF (FDTX) are trading on Nasdaq and available immediately commission-free for individual investors and financial advisors through Fidelity's online brokerage platforms.
Fidelity Disruptors ETF (FDIF), a fund of funds which will invest in a combination of these five Fidelity ETFs, will be available on June 20, 2023.
Source: Fidelity Investments
June 11, 2023--MUSIQ 500 Composite Officially Launches Today, Opening Door for Industry Risk Management and Music as a Tradable Asset
Clouty, the first organization to make music a financial instrument, announced that today it is launching a composite index designed to serve as the key benchmark for the music industry.
The firm is partnering with the world's leading data providers to disseminate the index globally. The move paves the way for the introduction of a host of tradable financial products, giving the industry and those with exposure to it an opportunity for much-needed risk management capabilities, and offering institutional investors as well as the general public a chance to have a financial stake in music, even down to their favorite songs and genres.
Source: Clouty
