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Thematic fund resilience and inflows confound critics
October 24, 2022--Morningstar analysis shows mainstream equity vehicles are more likely to be closed down
Niche thematic funds, often dismissed as gimmicky fads, are proving more resilient, than more mainstream funds, even as markets turn against them.
The funds - which invest in anything from clean energy and artificial intelligence to robotics and the metaverse- have higher survival rates than other equity funds, which are more likely to be closed down, according to analysis by Morningstar.
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Source: ft.com
Single-stock ETFs struggle to get past distributors
October 21, 2022--Industry executives say the inverse and leveraged products are poorly understood
Though shops have been pumping out single-stock ETFs since the first products got the regulatory stamp of approval this summer, they still have to overcome at least one hurdle, industry executives say: getting their products into the hands of investors.
Two dozen single-stock ETFs have debuted since July, according to data from FactSet Research.
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Source: ft.com
VanEck Launches Green Infrastructure ETF (RNEW) Amid Growing Focus on U.S. Infrastructure Upgrades and Sustainability
October 20, 2022--Current U.S. infrastructure is in major need of upgrades; significant investment by governments is already in motion, incentivizing green infrastructure initiatives.
Energy transition has been the early focus of investors, but there are multiple sectors within the green infrastructure space. RNEW is designed to provide diversified exposure.
VanEck today announced the launch of VanEck Green Infrastructure ETF (NASDAQ: RNEW), an equity ETF offering exposure to the leading companies that are poised to drive and benefit from increased investment in efforts to make U.S. infrastructure more "green" and sustainable.
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Source: VanEck
First Trust Launches the FT Cboe Vest Rising Dividend Achievers Target Income ETF, Targeting Income with Growth Potential
October 20, 2022--First Trust introduces its third Cboe Vest Target Income ETF designed to address the need for alternative sources of income
FT Cboe Vest Rising Dividend Achievers Target Income ETF (Cboe: RDVI) provides access to equities contained in the Nasdaq US Rising Dividend Achievers Index while also targeting annualized income
RDVI employs the partial covered call Target Income Strategy developed by Cboe Vest, utilizing weekly call options on the S&P 500 Index
First Trust Advisors L.P. ("First Trust" or "FTA"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the FT Cboe Vest Rising Dividend Achievers Target Income ETF (the "fund"). RDVI is an actively managed ETF that seeks to provide investors with current income with a secondary objective of providing capital appreciation.
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Source: First Trust
FBR-Beige Book-October 19, 2022
October 19, 2022--Overall Economic Activity
National economic activity expanded modestly on net since the previous report; however, conditions varied across industries and Districts. Four Districts noted flat activity and two cited declines, with slowing or weak demand attributed to higher interest rates, inflation, and supply disruptions.
Retail spending was relatively flat, reflecting lower discretionary spending, and auto dealers noted sustained sluggishness in sales stemming from limited inventories, high vehicle prices, and rising interest rates.
Travel and tourist activity rose strongly, boosted by continued strength in leisure activity and a pickup in business travel. Manufacturing activity held steady or expanded in most Districts in part due to easing in supply chain disruptions, though there were a few reports of output declines. Demand for nonfinancial services rose. Activity in transportation services was mixed, as port activity increased strongly whereas reports of trucking and freight demand were mixed. Rising mortgage rates and elevated house prices further weakened single-family starts and sales, but helped buoy apartment leasing and rents, which generally remained high.
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Source: federalreserve.gov
Bridgeway Launches EA Bridgeway Blue Chip ETF
October 17, 2022--Bridgeway Capital Management has launched the EA Bridgeway Blue Chip ETF (NYSE Arca: BBLU). The actively managed exchange traded fund, which trades on the NYSE Arca, seeks to provide long-term total returns on capital by investing in blue-chip stocks.
According to Bridgeway, under normal circumstances, BBLU invests at least 80% of its net assets (plus borrowings for investment purposes) in blue-chip stocks as determined at the time of purchase. For purposes of the fund's investments, Bridgeway considers "blue-chip stocks" to be stocks issued by the largest 150 U.S. companies as defined by market capitalization. These stocks tend to be well-known and established companies.
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Source: nasdaq.com
IMF-Canada: Staff Concluding Statement of the 2022 Article IV Mission
October 13, 2022--October 12, 2022--Canada has come through the pandemic relatively well and,as a commodity exporter,has been hit less hard than many other countries have been by the war in Ukraine. Nonetheless,inflation is well above target,housing affordability is a major concern following a long boom that may now have peaked,and the pandemic remains a source of risk.
Staff expect a substantial further cooling of the economy,with risks to growth tilted to the downside,and shocks could easily push the economy into a mild recession.
Continued monetary and fiscal tightening will be needed to rein in inflation,and further policy measures-particularly on the supply-side-would help to address housing affordability over time.
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Source: IMF.org
Invesco Expands QQQ Innovation Suite to Include Small-Cap ETF
October 13, 2022--Invesco NASDAQ Future Gen 200 ETF (QQQS) will screen smaller-cap companies by estimated patent value to select 200 Nasdaq-listed companies for investment
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today the expansion of the Invesco QQQ Innovation Suite to include a new exchange-traded fund (ETF) that will access smaller-cap companies screened by a key marker of innovation-high quality patents.
The Invesco NASDAQ Future Gen 200 ETF (QQQS) will add an efficient overlay to small-cap and micro-cap companies listed on The Nasdaq Stock Market that are not included in the Nasdaq 100 Index or Nasdaq Next Generation 100 Index. High quality and high value patents may be an indicator of future innovation potential in a smaller-cap company.
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Source: invesco.com
Harbor Capital Advisors Launches Second Corporate Culture ETF
October 13, 2022--October 13, 2022--ETF Powered by Irrational Capital's Proprietary Human Capital Factor Scores
Harbor Capital Advisors, Inc. ("Harbor"), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today launched the Harbor Corporate Culture ETF (ticker: HAPI).
HAPI marks the expansion of Harbor's commitment to give investors the ability to access the power of a company's most important asset- its people.
The fully transparent ETF will seek to provide investment results that correspond, before fees and expenses, to the performance of the Canadian Imperial Bank of Commerce (CIBC) Human Capital Index (the "Index"). The Index was developed and is owned by CIBC (the"Index Provider").
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Source: Harbor Capital
Latin America Faces a Third Shock as Global Financial Conditions Tighten
October 13, 2022--Growth momentum continues but scarcer and costlier financing will slow the region's economies, while inflation remains high. Policy priorities are to restore price stability and maintain fiscal sustainability while protecting vulnerable groups
As Latin American countries continue to grapple with the effects of two previous shocks, the pandemic and Russia's invasion of Ukraine, they face a third shock: the tightening of global financial conditions.
Growth momentum is currently positive, reflecting the return of service sectors and employment to pre-pandemic levels, and the overall support of favorable external conditions-high commodity prices, strong external demand and remittances, and rebounding tourism. This has led to several upward revisions to growth this year.
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Source: IMF.org
