Franklin Templeton ETF Trust files with the SEC-Franklin Income Focus ETF
March 9, 2023-Franklin Templeton ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Franklin Income Focus ETF.
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Trust for Professional Managers files with the SEC-4 ActivePassive ETFs
March 9, 2023-Trust for Professional Managers has filed a Post-Effective Amendment, Registration Statement with the SEC for the
ActivePassive U.S. Equity ETF
ActivePassive International Equity ETF
ActivePassive Intermediate Municipal Bond ETF
ActivePassive Core Bond ETF.
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Gabelli ETFs Trust files with the SEC-Gabelli Global Small Cap ETF and Gabelli Equity Income ETF
March 9, 2023-Gabelli ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Gabelli Global Small Cap ETF and Gabelli Equity Income ETF.
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AB Active ETFs, Inc. files with the SEC-AB High Yield ETF
March 8, 2023-AB Active ETFs, Inc. has filed a Post-Effective Amendment, Registration Statement with the SEC for the AB High Yield ETF.
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Innovator ETFs Trust files with the SEC-Innovator Premium Income 10 Barrier ETF-April
March 8, 2023-Innovator ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Innovator Premium Income 10 Barrier ETF-April.
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ETFGI reports the ETFs industry in Canada celebrates the 33rd anniversary of the listing of the first ETF on March 9th
March 8, 2023--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports the ETFs industry in Canada celebrates the 33rd anniversary of the listing of the first ETF on March 9th. During February the ETFs industry in Canada gathered net inflows of US$3.50 billion, bringing year-to-date net inflows to US$3.56 billion.
During the month, Canadian ETF assets decreased by 3.2%, from US$269 billion at the end of January to US$261 billion, according to ETFGI's February 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 celebrates the 33rd anniversary of the listing of the first ETF on March 9th.
Net inflows of $3.50 Bn in February 2023.
Net inflows of $3.56 Bn during 2023 are the second highest on record, after YTD net inflows of $4.39 Bn in 2022.
8th month of net inflows.
Assets of $261 Bn invested in ETFs listed in Canada at the end of February 2023.
Assets have increased 4.1 % YTD in 2023, going from $250 Bn at the end of 2022, to $261 Bn.
CBO-Monthly Budget Review: February 2023
March 8, 2023--Summary
The federal budget deficit was $724 billion in the first five months of fiscal year 2023, the Congressional Budget Office estimates-$248 billion more than the shortfall recorded during the same period last year.
Outlays were 8 percent higher and revenues were 4 percent lower from October through February than during the same period in fiscal year 2022.
Outlays in fiscal year 2023 were reduced by the shifting of certain payments-totaling $63 billion-from October 1, 2022 (the first day of fiscal year 2023), into fiscal year 2022 because October 1 fell on a weekend. If not for those shifts, the deficit would have been $787 billion, $311 billion greater than the shortfall during the same period in fiscal year 2022.
Innovator ETFs Trust files with the SEC-Innovator U.S. Equity Premium Income 20 Barrier ETF -January
March 8, 2023-Innovator ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Innovator U.S. Equity Premium Income 20 Barrier ETF -January.
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Innovator ETFs Trust files with the SEC-Innovator Premium Income 30 Barrier ETF-April
March 8, 2023-Innovator ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Innovator Premium Income 30 Barrier ETF-April.
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BlackRock ETF Trust II files with the SEC-BlackRock Short-Term California Muni Bond ETF
March 8, 2023-BlackRock ETF Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the BlackRock Short-Term California Muni Bond ETF.
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First Trust Exchange-Traded Fund files with the SEC-First Trust Bloomberg Inflation Sensitive Equity ETF
March 8, 2023-Innovator ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the First Trust Bloomberg Inflation Sensitive Equity ETF.
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Innovator ETFs Trust files with the SEC-Innovator U.S. Equity Premium Income 40 Barrier ETF-January
March 8, 2023-Innovator ETFs Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Innovator U.S. Equity Premium Income 40 Barrier ETF-January.
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Vanguard Wellington Fund files with the SEC-Vanguard Short-Term Tax-Exempt Bond ETF
March 7, 2023-Vanguard Wellington Fund has filed a Post-Effective Amendment, Registration Statement with the SEC for the Vanguard Short-Term Tax-Exempt Bond ETF.
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Mason Capital Fund Trust files with the SEC-Fundamentals First ETF
March 6, 2023-Mason Capital Fund Trust has filed a Form N-1A Registration Statement with the SEC for the Fundamentals First ETF.
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Expiry of Vanguard ETF patent could spark run of copycats
March 6, 2023--There is already one filing to use ETF-as-a-share-class structure when exclusive rights expire in May
When Vanguard's patented exchange traded fund structure expires in May it could open the floodgates for other asset managers to copy it, if the first filing to do so is approved.
The world's second-largest asset manager currently has the exclusive right to use the "ETF-as-a-share-class" structure it patented in 2001. The unique design allows Vanguard to operate a mutual fund and a sister ETF as essentially the same vehicle, generating superior tax efficiency and economies of scale.
But the fate of the filing may go some way to determining whether other rival fund groups will be permitted to copy it.