Global ETF News Older than One Year
Ultumus-High Yields and Dividends
October 20, 2017--USA
BlackRock lists high yield corporate bond ETF
BlackRock has listed a new fixed income ETF in the US that gives broad exposure to US dollar denominated corporate junk bonds, the iShares Trust Broad USD High Yield Corporate Bond ETF (USHY).
BlackRock is not the first issuer to track this index. Lyxor has a product doing so in Europe, via swaps (HYST). BlackRock is unlikely to be the last either. High yield debt has been cracked wide open by ETFs in recent years....
VictoryShares lists emerging markets high dividend yield
VictoryShares is listing a new dividend ETF in New York that tracks the highest dividend paying companies in emerging markets, the Victory CEMP Emerging Market High Div Volatility Wtd Index ETF (CEY).
CEY hunts its big dividend stocks via an in-house index. The index takes the “500 largest emerging market companies by market capitalization with positive earnings” the past 12 months...
Europe
UK
BlackRock brings successful biotech ETF to Europe
BlackRock is listing a biotechnology ETF on the London Stock Exchange, the iShares Nasdaq US Biotechnology UCITS ETF (BTEK, BTEC). BTEK tracks an index that takes the NASDAQ and selects its top performing biotechnology and pharmaceutical companies....
BlackRock cross-lists bond ETF into euros
Switzerland
BlackRock makes long-term treasuries ETF available in CHF
BlackRock is making its iShares USD Treasury Bond 20+yr UCITS ETF USD Dist (DTLC) available to Swiss investors in Swiss francs...
Source: ULTUMUS-Financial Data Management
Ultumus-Canadian bank lists Canadian bank ETF
October 19, 2017--Canada
Royal Bank of Canada lists three funds
Canada's largest company, the Royal Bank of Canada, is listing three new ETFs in Toronto. They are:
RBC Canadian Bank Yield Index ETF (RBNK)
RBC 6-10 Year Laddered Canadian Corporate Bond ETF (RMBO)
RBC Short Term US Corporate Bond ETF (RUSB)....
Taiwan
Fubon lists preferred US ETF
Fubon Securities, one of Taiwan's biggest ETF issuers by assets, is listing the Fubon S&P US Preferred Stock ETF (00717) in Taipei. 00717 will track the S&P US Preferred Stock Index, which puts together an index of US preferred stocks.
Source: ULTUMUS-Financial Data Management
ETFGI reports assets invested in Smart Beta equity ETFs/ETPs listed globally have increased 21.9% in 2017 to reach a new record of US$644 billion at the end of September
October 19, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in Smart Beta equity ETFs/ETPs listed globally have increase 21.9% in the first 9 months of the year to reach a new record of US$644 Bn at the end of September, according to ETFGI's September 2017 global smart beta equity ETF and ETP industry insights monthly report which is part of an annual paid for research subscription service.
Record levels of assets were reached at the end of September for equity smart beta ETFs/ETPs listed globally with US$644.40 Bn, in the United States with US$571.45 Bn, in Europe with US$48.44 Bn, in Canada with US$14.40 Bn and in Asia Pacific (ex-Japan) with US$6.08 Bn.
Source: ETFGI
Population ageing and rising inequality will hit younger generations hard
October 19, 2017--Younger generations will face greater risks of inequality in old age than current retirees and for generations born since the 1960s, their experience of old age will change dramatically.
Moreover, with family sizes falling, higher inequality over working lives and reforms that have cut pension incomes, some groups will face a high risk of poverty, according to a new OECD report.
Preventing Ageing Unequally says that in 1980, there were only 20 people aged 65 and over for every 100 of working-age, on average across the OECD; by 2015 this number had risen to 28 and by 2050 is projected to almost double to reach 53. Many OECD and emerging economies are ageing much faster. At the same time, inequalities have been increasing from one generation to the next. Among people starting their working life it is now already much higher than among today's elderly. .
Source: OECD
Digital Cryptocurrency Vault DigiPulse Reaches $1 million in Token Sale
October 19, 2017--DigiPulse a 'digital cryptocurrency vault' which provides an inheritance service for digital and crypto assets, has reached the $1 million mark in a token sale which ends on 31 October 2017.
The new brand enables customers to safely secure and pass on their digital assets to those they care about when they pass away. These assets can include cryptocurrencies, digital images and other documents.
Source: Blockchain News
ETFGI reports assets invested in Active ETFs and ETPs listed globally have increased 44.9 percent in 2017 to reach a new record of 63.60 billion US dollars at the end of September
October 18, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in Active ETFs/ETPs listed globally have increase 44.9% in the first 9 months of the year to reach a new record of US$63.60 Bn at the end of September, according to ETFGI's September 2017 Active ETF and ETP industry insights report an annual paid for research subscription service.
Record levels of assets were reached at the end of September for active ETFs/ETPs listed globally reaching US$63.60 Bn, in the United States at US$40.90 Bn, in Canada at US$10.37 Bn, in Europe at US$8.33 Bn and in Asia Pacific (ex-Japan) at US$3.91 Bn.
Source: ETFGI
IMF-Fiscal Spillovers: The Importance of Macroeconomic and Policy Conditions in Transmission
October 18, 2017--Summary:
Are fiscal spillovers today as large as they were during the global financial crisis? How do they depend on economic and policy conditions? This note informs the debate on the cross-border impact of fiscal policy on economic activity,shedding light on the magnitude and the factors affecting transmission, such as the fiscal instruments used, cyclical positions, monetary policy conditions, and exchange rate regimes.
The note assesses spillovers from five major advanced economies (France, Germany, Japan, United Kingdom, United States) on 55 advanced and emerging market economies that represent 85 percent of global output, looking at government-spending and tax revenue shocks during expansion and consolidation episodes. It finds that fiscal spillovers are economically significant in the presence of slack and/or accommodative monetary policy—and considerably smaller otherwise, which suggests that spillovers are large when domestic multipliers are also large. It also finds that spillovers from government-spending shocks are larger and more persistent than those from tax shocks and that transmission may be stronger among countries with fixed exchange rates. The evidence suggests that although spillovers from fiscal policies in the current environment may not be as large as they were during the crisis, they may still be important under certain economic circumstances.
Source: IMF
IMF-Spillovers from US Government Spending Shocks-Impact on External Positions
October 18, 2017--Summary:
This note analyzes the impact of preannounced government spending shocks in the United States on the real effective exchange rate and the trade balance. Using a vector autoregression framework that allows anticipated fiscal shocks to be identified using survey information, we find that preannounced spending shocks lead to a sizable real effective dollar appreciation and a worsening of both the aggregate trade balance and bilateral trade balances in a panel of partner countries.
The results are robust to controlling for country-specific variables like the macroeconomic and policy conditions in the recipient countries, are generalized across regions and might have decreased during the zero-interest-lower-bound regime.
Infographic-These Five Cognitive Biases Hurt Investors the Most
October 18, 2017--There is no shortage of cognitive biases out there that can trip up our brains.
By the last count, there are 188 types of these fallible mental shortcuts in existence, and they constantly impede our ability to make the best decisions about our careers, our relationships, and for building wealth over time.
Source: visualcapitalist.com
Ultumus-ETF Developments
October 16, 2017--Europe
UK and Switzerland
Lyxor adds currency alternatives to headline ETFs
Lyxor is adding more currency options to some of its headline ETFs through a series of cross-listings. Those currently listed in Switzerland will now have a US dollar option...
Asia
Korea
Polls show South Koreans aren't too worried about threats from north of the wall. And this shows up as they continue to list more ETFs.
Arirang lists "leading industry" ETF
South Korea's oldest ETF issuer Arirang has listed a new ETF in Seoul, the Arirang Leading Industry ETF 280920...
Samsung lists factor ETFs
The ETF arm of chaebol Samsung is listing two new factor ETFs, as smart beta products start to pick up in East Asia.
The Samsung Kodex High Dividend ETF (279530), will track Korean companies that pay out higher dividends....
The second ETF listed, the Samsung KODEX Min Vol ETF (279540), will track Korean companies that have lower volatility...
Internet ETF from KIM
Korea Investment Management is listing a new ETF that tracks large-cap US internet companies, the Kim Kindex US Internet ETF-Synth H 280320...
Source: ULTUMUS-Financial Data Management
