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VanEck Launches CLO ETF to Meet Demand for Rising Rate Alternatives
June 23, 2022--Actively managed ETF is sub-advised by PineBridge Investments, a leader in the CLO market.
Fund aims to provide opportunities for enhanced yield, lower interest rate sensitivity than other fixed income investments historically, and the benefits
of built-in structural risk protections; launch comes as interest rates and bond market volatility are on the rise.
VanEck today announced the launch of the VanEck CLO ETF (CLOI), designed to provide exposure to the $1 trillion collateralized loan obligation (CLO)
market through an actively managed fund sub-advised by PineBridge Investments, a private, global asset manager focused on active, high-conviction investing.
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Source: VanEck
IndexIQ Teams Up with U.S. Growth Equity Investing Specialists at Winslow Capital to Introduce Two Semi-Transparent Actively Managed ETFs
June 23, 2022--June 23, 2022--IndexIQ, a leading provider of innovative multi-asset investment solutions, today announced the launch of its first active semi-transparent Exchange Traded Funds (ETFs): IQ Winslow Large Cap Growth ETF (IWLG) and IQ Winslow Focused Large Cap Growth ETF (IWFG).
The new ETFs are managed by Winslow Capital Management, LLC (Winslow Capital) one of the leading firms in growth equity investing.
Through repeatable processes firmly rooted in fundamental research, Winslow Capital seeks to achieve successful client outcomes over the long-term while carefully managing risk. Both ETFs are led by the portfolio managers Justin Kelly, Patrick Burton and Peter Dlugosch, who also manage Winslow's flagship, U.S. Large Cap Growth strategy. The portfolio management team is further supported by Winslow Capital's investment team, which averages over 25 years of industry experience
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Source: IndexIQ
IndexIQ Teams Up with U.S. Growth Equity Investing Specialists at Winslow Capital to Introduce Two Semi-Transparent Actively
June 23, 2022--IndexIQ, a leading provider of innovative multi-asset investment solutions, today announced the launch of its first active semi-transparent Exchange
Traded Funds (ETFs): IQ Winslow Large Cap Growth ETF (IWLG) and IQ Winslow Focused Large Cap Growth ETF (IWFG).
The new ETFs are managed by Winslow Capital Management, LLC (Winslow Capital) one of the leading firms in growth equity investing. Through repeatable
processes firmly rooted in fundamental research, Winslow Capital seeks to achieve successful client outcomes over the long-term while carefully managing
risk. Both ETFs are led by the portfolio managers Justin Kelly, Patrick Burton and Peter Dlugosch, who also manage Winslow's flagship, U.S. Large Cap Growth
strategy.
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Source: bloomberg.com
US bond ETF trading hit record volumes ahead of Fed rate decision
June 22, 2022--Investors drawn to the greater liquidity offered by fixed income ETFs
Trading volumes for US bond exchange traded funds spiked to a record high on June 13 as soaring inflation prompted investors to bet on a more aggressive path for interest rate hikes by the Federal Reserve at its meeting later that week.
US fixed income ETF turnover hit $58bn on June 13, a one-day record which surpassed the $53bn of trading on the previous busiest session in March 2020 when financial markets went into freefall during the early stages of the coronavirus pandemic.
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Source: ft.com
SEC Announces Spring 2022 Regulatory Agenda
June 22, 2022--Rulemakings address each part of agency's three-part mission
The Office of Information and Regulatory Affairs today released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions
The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term regulatory actions that administrative agencies plan to take.
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Source: SEC.gov
Wall Street Gets a Short-Bitcoin Fund After 70% Crypto Collapse
June 21, 2022--BITI ETF begins trading with digital assets suffering meltdown
Sibling product BITO launched almost at top of crypto boom
Crypto bears who reckon the meltdown across digital currencies isn't done yet are getting a new tool to bet on fresh declines.
The ProShares Short Bitcoin Strategy ETF (ticker BITI) launches Tuesday, becoming the first inverse exchange-traded fund in the US linked to the largest cryptocurrency. By reversing the performance of an index of Bitcoin futures, it aims to offer a relatively cheap and easy way to profit from any further losses.
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Source: bloomberg.com
MicroSectorsTM Launches U.S. Travel Long & Short Exchange Traded Notes on NYSE Arca
June 21, 2022-- REX Shares, LLC ("REX") today announced the launch of two new MicroSectors Exchange Traded Notes (ETNs) issued by Bank of Montreal (BMO) linked to the MerQube MicroSectors U.S. Travel Index (ticker: MQUSTRAV).
MicroSectors Travel 3x Leveraged ETNs (ticker: FLYU) and MicroSectors Travel-3x Inverse Leveraged ETNs (ticker: FLYD) will start trading tomorrow on NYSE Arca.
The MerQube MicroSectors U.S. Travel Index, launched in November 2021, tracks the performance of large U.S. domiciled and listed companies operating in specified segments of the travel and tourism industry. As of the date of this release, Walt Disney Company, Uber Technologies, Inc., Airbnb, Inc., Booking Holdings Inc., and Carnival Corporation were the five largest common stocks in the Index.
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Source: BMO Financial Group
ETF strategies for food insecurity offer divergent approaches
June 19, 2022--Investing in commodities futures contrasts sharply with newer future of food funds.
Dire forecasts of worsening food insecurity present opportunities and potential ethical problems for exchange traded fund investors who want to gain exposure to food, food production and agriculture.
A traditional way to invest in the sector has really paid off this year. The Teucrium Wheat Fund (WEAT), which invests in futures contracts, delivered returns of more than 48 per cent in the year to June 13, compared to -21 per cent for the $361bn SPDR S&P 500 ETF Trust, the largest ETF in the world.
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Source: ft.com
ETF and active fund managers: what is stopping them from investing in crypto?
June 19, 2022--Sharp price movements and high-profile blow-ups have underscored concerns that the crypto market is too volatile for major players to invest in.
Larry Fink's annual letter to shareholders is always closely watched for clues to what the head of the world's largest asset manager is thinking. And, this year, it revealed just a hint of warming to cryptocurrencies.
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Source: ft.com
Federal Reserve-Monetary Policy Report-June 2022
June 17, 2022--June 17, 2022--Summary
Monetary Policy Report submitted to the Congress on June 17, 2022, pursuant to section 2B of the Federal Reserve Act
In the first part of the year, inflation remained well above the Federal Open Market Committee's (FOMC) longer-run objective of 2 percent, with some inflation measures rising to their highest levels in more than 40 years.
These price pressures reflect supply and demand imbalances, higher energy and food prices, and broader price pressures, including those resulting from an extremely tight labor market.
In the labor market, demand has remained strong, and supply has increased only modestly. As a result, the unemployment rate fell noticeably below the median of FOMC participants' estimates of its longer-run normal level, and nominal wages continued to rise rapidly. Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. The most recent indicators suggest that private fixed investment may be moderating, but consumer spending remains strong.
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Source: federalreserve.gov