EA Series Trust files with the SEC-Strive Total Return Bond ETF and Strive Enhanced Income Short Maturity ETF
February 14, 2023-EA Series Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Strive Total Return Bond ETF
Strive Enhanced Income Short Maturity ETF.
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Wall Street's Mutual Fund-to-ETF Magic Trick Is Failing to Wow
February 13, 2023--February 13, 2023--Many converted funds see outflows as ETFs overall lure cash
Quant giant Dimensional’s products are bucking the trend
A parade of money managers who converted mutual funds into exchange-traded funds in a bid to ride rampant demand for the newer, easier-to-trade structures are discovering it may not be so simple to tap the ETF boom.
More than one-third of converted funds have posted net outflows since they made the switch, according to data compiled by Bloomberg, while 61% have attracted less than $10 million each. In fact, only quant giant Dimensional Fund Advisors’s funds have seen significant positive net flows since converting. Even JPMorgan Asset Management, whose overall ETF business is booming, saw net outflows for its converted funds.
Dimensional ETF Trust files with the SEC-Dimensional US Large Cap Vector Equity ETF
February 10, 2023-Dimensional ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Dimensional US Large Cap Vector Equity ETF.
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X-Square Series Trust files with the SEC-X-Square Municipal Income Tax Free ETF
February 10, 2023-X-Square Series Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the X-Square Municipal Income Tax Free ETF.
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Fidelity Covington Trust files with the SEC
February 10, 2023-Fidelity Covington Trust has filed a Post-Effective Amendment, Registration Statement with the SEC.
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Listed Funds Trust files with the SEC-Horizon Kinetics Energy and Remediation ETF
February 10, 2023-Listed Funds Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Horizon Kinetics Energy and Remediation ETF.
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Alger ETF Trust files with the SEC-Alger Weatherbie Enduring Growth ETF
February 10, 2023-Alger ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Alger Weatherbie Enduring Growth ETF.
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First Trust Exchange-Traded Fund VIII files with the SEC-FT Cboe Vest U.S. Equity Moderate Buffer ETF-February
February 9, 2023--First Trust Exchange-Traded Fund VIII has filed a Post-Effective Amendment, Registration Statement with the SEC for the FT Cboe Vest U.S. Equity Moderate Buffer ETF-February.
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This Fund Might Just Be 'Stacked' in Your Favor
February 9, 2023--White-label issuer Tidal Financial Group continues to do what it does best: working with some of the brightest folks in the industry to bring truly innovative exchange-traded funds to market. This time they partnered with Newfound Research and Resolve Asset Management to launch the first of a series of what they call "Return Stacked ETFs".
Return Stacking?
Newfound Research principal Corey Hoffstein, and Rodrigo Gordillo from Resolve Asset Management authored a paper discussing return stacking in 2021 and have been actively discussing the strategy over the past year or so as evidenced by this podcast, and this video which, if you want to get into the weeds on this, I highly recommend.
Treasury Yield-Curve Inversion Reaches Deepest Level Since 1980s
February 9, 2023-- Two-year yield exceeded 10-year by as much as 86 basis points
Short-maturity yields track outlook for Fed's policy rate
US government bond investors pushed two-year yields above 10-year yields by the widest margin since the early 1980s Thursday, a sign of flagging confidence in the economy's ability to withstand additional Federal Reserve interest-rate hikes.
The yield on the shorter-dated Treasury at one point exceeded the longer-dated note's by as much as 86 basis points. The two-year rate was 4.10% on Feb. 2, before stronger-than-expected January employment data sparked a reassessment of how much higher the Fed's policy rate might need to go to stifle inflation.
CBO-Monthly Budget Review: January 2023
February 8, 2023--Summary
The federal budget deficit was $459 billion in the first four months of fiscal year 2023, the Congressional Budget Office estimates-$200 billion more than the shortfall recorded during the same period last year. Outlays were 9 percent higher and revenues were 3 percent lower from October through January 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 $522 billion, double the shortfall during the same period in fiscal year 2022.
Perpetual US Services, LLC files with the SEC
February 8, 2022--Perpetual US Services, LLC has filed an Application for Exemptive Relief with the SEC.
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ETFs following US lawmakers' stock trades go live
February 7, 2023--NANC and KRUZ will be aligned with either Democratic or Republican Congress members' own transactions
Investors who believe that members of the US Congress have access to information that could give them a trading advantage can now trade two exchange traded funds that follow members' stock transactions.
Subversive Capital Advisor, an asset manager, and Unusual Whales, an option flow platform and data provider, on Tuesday launched the Unusual Whales Subversive Democratic ETF (NANC) and the Unusual Whales Subversive Republican ETF (KRUZ).
EA Series Trust files with the SEC-Gadsden Dynamic Multi-Asset ETF
February 7, 2023--EA Series Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Gadsden Dynamic Multi-Asset ETF.
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Tidal Trust II files with the SEC-Return Stacked Bonds & Multi-Asset Trend ETF and Return Stacked Global Stocks & Bonds ETF
February 6, 2023--Tidal Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Return Stacked Bonds & Multi-Asset Trend ETF
Return Stacked Global Stocks & Bonds ETF.
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