Listed Funds Trust files with the SEC
February 23, 2023- Listed Funds Trust has filed a Post-Effective Amendment, Registration Statement with the SEC.
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ETF Series Solutions files with the SEC-ETFB Green SRI REITs ETF and Blue Horizon BNE ETF
February 22, 2023- ETF Series Solutions has filed a Post-Effective Amendment, Registration Statement with the SEC for the
ETFB Green SRI REITs ETF
Blue Horizon BNE ETF.
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ETF Traders Ditch Risk Assets En Masse, Pile Billions Into Bonds
February 22, 2023--Major credit ETFs JNK and LQD each post outflows of $1 billion
More than $2 billion was added to short-term Treasury products
In the grip of the worst day for stocks in two months, traders in the hyper-liquid world of ETFs ditched equities and corporate bonds and headed for the safety of government debt as yields broke out anew.
Money managers on Tuesday pulled billions of dollars from major exchange-traded funds tracking stocks and credit as hot economic data spurs fresh fears that the Federal Reserve will be forced to ramp up its tightening campaign. A $1 billion outflow hit the-now $7.6 billion SPDR Bloomberg High Yield Bond ETF (JNK) in the largest withdrawal since 2020, according to overnight data compiled by Bloomberg.
Federal Reserve-Minutes of the Federal Open Market Committee, January 31-February 1, 2023
February 22, 2023--Developments in Financial Markets and Open Market Operations
The manager pro tem turned first to a review of U.S. financial market developments. Market participants generally expected U.S. economic growth to moderate this year, all though there was a wide dispersion in views about the extent of a potential slowdown. Market participants interpreted incoming data as pointing to moderating inflation risks.
Against this backdrop, market participants judged that the FOMC would likely slow the pace of rate increases further at the current meeting, and respondents to the Desk's Survey of Primary Dealers and Survey of Market Participants widely expected the Committee to implement a 1/4 percentage point increase in the target range for the federal funds rate.
Horizon Kinetics Launches Energy & Remediation Exchange Traded Fund (NVIR)
February 22, 2023--Horizon Kinetics LLC today launched the Energy & Remediation ETF (NVIR), an actively managed fund that began trading on the New York Stock Exchange (NYSE) today (February 22, 2023).
This active ETF applies the same proprietary research-driven philosophy-long-term, fundamentals-based and value-oriented -that has differentiated Horizon Kinetics' other products for nearly 30 years.
This fund is unique in that it has a dual, reality-based mandate. Acknowledging the existing and growing demand for carbon-based energy, a portion of the portfolio will own fundamentally attractive, carbon-based energy companies. The second portion of the portfolio will be comprised of remediation companies that employ existing technology that allows carbon-based energy to be generated in a more environmentally sensible manner. Innovative technologies in this "clean energy" space are being developed at a rapid pace. As they are brought online, NVIR will purchase them when warranted by their valuation.
Northern Lights Fund Trust IV files with the SEC-Inverse Cramer Tracker ETF and Long Cramer Tracker ETF
February 21, 2023- Northern Lights Fund Trust IV has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Inverse Cramer Tracker ETF
Long Cramer Tracker ETF.
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ETF Series Solutions files with the SEC-iBET Sports Betting & Gaming ETF
February 21, 2023- ETF Series Solutions has filed a Post-Effective Amendment, Registration Statement with the SEC for the iBET Sports Betting & Gaming ETF.
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Tidal Trust II files with the SEC-Roundhill Generative AI & Technology ETF
February 17, 2023- Tidal Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the Roundhill Generative AI & Technology ETF.
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iShares Trust files with the SEC-iShares iBonds Dec 2029 Term Muni Bond ETF
February 17, 2023- iShares Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the iShares iBonds Dec 2029 Term Muni Bond ETF.
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SEC targets built-in marketing fees in fund-to-ETF conversions
February 18, 2023--One question is whether 12b-1 fees levied on mutual funds can be used to promote them as converted ETFs
The Securities and Exchange Commission is investigating whether 12b-1 fees are being appropriately handled during the process of converting mutual funds to ETFs, compliance consultants say.
Certain mutual fund share classes charge 12b-1 fees, which cover marketing, distribution and shareholder costs. But it is exceedingly rare for ETFs to carry such fees. And companies that convert mutual fund share classes with 12b-1 fees into ETFs could open themselves up to SEC scrutiny, the consultants say.
Invesco Exchange-Traded Self-Indexed Fund Trust files with the SEC-Invesco BulletShares 2032 Municipal Bond ETF
February 17, 2023-Invesco Exchange-Traded Self-Indexed Fund Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Invesco BulletShares 2032 Municipal Bond ETF.
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Global X Funds files with the SEC-Global X Nasdaq 100 ESG Covered Call ETF
February 17, 2023-Global X Funds has filed a Post-Effective Amendment, Registration Statement with the SEC for the Global X Nasdaq 100 ESG Covered Call ETF.
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Global X Funds files with the SEC-Global X S&P 500 ESG Covered Call ETF
February 17, 2023-Global X Funds has filed a Post-Effective Amendment, Registration Statement with the SEC for the Global X S&P 500 ESG Covered Call ETF.
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IMF-Bringing the US Economy Back into Balance
February 16, 2023--The US Federal Reserve has been raising interest rates to restore price stability and to bring balance to the labor market. The demand for new hires is exceeding the supply of available workers in the US, as the unemployment rate has fallen to its lowest level in over 50 years, and this has contributed to higher inflation.
To help bring the economy back into balance, IMF analysis shows that staying the course and keeping interest rates elevated this year will tame inflation. Although these higher rates will temporarily increase unemployment, they will pave the way for stable inflation and sustainable economic growth, which will ultimately help create more jobs in the future.
When prices began rising in 2021, they were initially limited to goods affected by pandemic-related disruptions, such as vehicles. However, by early 2022, rising prices had spread to housing and other services such as hotels and restaurants. Growth of prices in the personal consumption expenditure index is now around 5½ percent, well above the 2 percent target.
VanEck ETF Trust files with the SEC-VanEck Russia ETF and VanEck Russia Small-Cap ETF
February 16, 2023-VanEck ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
VanEck Russia ETF
VanEck Russia Small-Cap ETF.
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