Americas ETP News
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Angel Oak Capital Advisors Launches Income ETF Focused on Residential Mortgage Credit Opportunities
November 8, 2022--Following the successful launch of the UltraShort Income ETF, Angel Oak continues the expansion of its ETF suite
Angel Oak Capital Advisors, an investment management firm that specializes in value-driven structured credit, is excited to announce the launch of the Angel Oak Income ETF (NYSE: CARY).
The firm's second actively managed exchange-traded fund provides investors with the opportunity to invest primarily across U.S. structured credit with a strong bias toward residential mortgage credit.
The Fund's significant allocation to structured credit combined with Angel Oak's experience in these fixed-income asset classes should drive significant yield at a moderate duration compared to other similarly rated corporate bond indices as well as broad fixed-income markets.
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Source: Angel Oak Capital Advisors, LLC
OECD-Latin America and the Caribbean: The green transition can be an economic and social game changer, says new report
November 7, 2022-- Climate change could significantly worsen long-term economic prospects and exacerbate inequalities in Latin American and the Caribbean (LAC). It is urgent to advance towards an ambitious and comprehensive green agenda to address its consequences and improve well-being for all.
An effective green transition in LAC could potentially add 10.5% more new jobs by 2030, says the Latin American Economic Outlook (LEO) 2022: Towards a green and just transition, presented today on the side-lines of COP27 in Sharm El-Sheik.
According to the 15th edition of the report, this year's economic slowdown, an unstable international context hit by Russia's war of aggression against Ukraine, increased inflationary pressures and reduced macroeconomic policy space make it harder for LAC economies to resume a path to sustainable growth and to protect the most vulnerable. For example, it is estimated that in 2022 vulnerable households in LAC faced an average price increase of 3.6 percentage points higher than the nationally representative household.
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Source: oecd.org
IMF Staff Country Report-Mexico: 2022 Article IV Consultation-Press Release and Staff Report
November 4, 2022--Summary:
Mexico's economy has recovered more gradually from the pandemic than many peers. Even so, inflation has accelerated and has become more entrenched, as elsewhere.
Domestic and external financial conditions tightened in the past year, while near-term growth prospects for the U.S., Mexico's main trading partner, have weakened.
The risks of capital outflows have risen. These new challenges compound Mexico's long-standing problems of low growth and high inequality.
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Source: IMF.org
VanEck Launches Actively Managed Dynamic High Income ETF (INC), Focused on High Yielding Segments of the Market
November 3, 2022--INC is designed to maximize yield per unit of risk by optimizing exposures to high income producing assets and actively managing allocations based on market conditions.
VanEck today announced the launch of the VanEck Dynamic High Income ETF (NYSE: INC), an actively managed multi-asset income-focused ETF offering diversified exposure across the highest yielding segments of the equity income and fixed income markets.
INC seeks to identify compelling sources of high income and dividends and builds a corresponding portfolio primarily of ETFs. The Fund's management team then seeks to maximize yield per unit of risk by assessing volatility and correlation data to optimize and refine specific exposures. The Fund is also designed to adapt quickly to changing market conditions and to be able to take advantage of pricing anomalies within the market.
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Source: VanEck
First Trust Launches FT Energy Income Partners Strategy ETF
November 3, 2022--An actively managed ETF that provides exposure to energy and related industries
-First Trust Advisors L.P. ("First Trust"),a leading exchange-traded fund ("ETF") provider and asset manager,announced today that it has launched a new ETF,the FT Energy Income Partners Strategy ETF (NYSE Arca: EIPX) (the "fund").
The fund is managed and sub-advised by Energy Income Partners,LLC ("EIP") and seeks risk-adjusted total return by investing at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of equity securities in the broader energy market.
"The energy sector has been a bright spot in 2022,producing robust returns even as the broader equity market declined. In our opinion,the energy sector remains an attractive opportunity as global demand for fossil fuels may reach record levels over the next few years,even as supply remains relatively tight," said Ryan Issakainen,CFA, Senior Vice President, and ETF Strategist at First Trust.
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Source: First Trust
Dimensional Lists Three New Equity Sustainability ETFs
November 2, 2022--Dimensional Fund Advisors, a global leader in systematic investing, expanded its exchange-traded funds (ETFs) offering with today's listing of three new equity sustainability ETFs on the New York Stock Exchange (NYSE).
The new ETFs offer broadly diversified exposure to equities in US, developed international, and emerging markets while applying climate-focused sustainability considerations. Dimensional has also filed for a global fixed income sustainability ETF, which it intends to launch later this month.
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Source: dimensional.com
Client First Tax & Wealth Advisors Announces New AdaptivTM Select ETF (Ticker: Adpv); a Proprietary Actively Managed, Large Cap Stock Selection ETF
November 2, 2022--Client First Tax & Wealth Advisors announced today it is in the pre-effective stage of launching its first exchange traded fund (ETF); AdaptivTM Select ETF (ticker: ADPV).
Client First, an independent Registered Investment Advisor located in West Bend, Wisconsin, is working with strategic partners US Bank, Exchange Traded Products (ETC), and Quasar Distributors to bring the Momentum-based large-cap stock selection strategy to life within the tax efficient exchange traded vehicle.*
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Source: Client First Tax & Wealth Advisors
How the US Inflation Reduction Act will impact the economy
November 2, 2022--New US legislation will dramatically change the economics of industrial decarbonization.
Critics of the Inflation Reduction Act claim that it will increase inflation by pushing up energy prices.
In fact, the new laws do not exacerbate inflation now, and are likely to have a deflationary impact in the long term.
The Inflation Reduction Act (IRA) is widely recognized as a compelling nudge from the US government to private sector and investors to decarbonize hard-to-abate sectors. It clears the path for many climate financiers and investors to move companies towards net zero. But can its incentive-based policies work in the context of a looming recession, spiking inflation, and oil shortage?
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Source: weforum.org
Federal Reserve issues FOMC statement
November 2, 2022--Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months,and the unemployment rate has remained low. Inflation remains elevated,reflecting supply and demand imbalances related to the pandemic,higher food and energy prices,and broader price pressures.
Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals,the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent. The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. In determining the pace of future increases in the target range,the Committee will take into account the cumulative tightening of monetary policy,the lags with which monetary policy affects economic activity and inflation,and economic and financial developments.
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Source: federalreserve.gov
SEC Proposes Enhancements to Open-End Fund Liquidity Framework
November 2, 2022--The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders' interests. The rule and form amendments would enhance how funds manage their liquidity risks, require mutual funds to implement liquidity management tools, and provide for more timely and detailed reporting of fund information.
"A defining feature of open-end funds is the ability for shareholders to redeem their shares daily, in both normal times and times of stress," said SEC Chair Gary Gensler. "Open-end funds, though, have an underlying structural liquidity mismatch. This can raise issues for investor protection, our capital markets, and the broader economy. We saw such systemic issues during the onset of the COVID-19 pandemic, when many investors sought to redeem their investments from open-end funds. Today's proposal addresses these investor protection and resiliency challenges."
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Source: SEC.gov
