Americas ETP News up to 1 year Ago
JPMorgan, State Street leave major investor climate group
January 15, 2024--The investment divisions of JPMorgan Chase and State Street are leaving a climate-friendly investment initiative, sparking cheers from Republicans.
A spokesperson for the group, Climate Action 100+, confirmed via email that "JP Morgan Asset Management and State Street Global Advisors have left the initiative."
The spokesperson also said BlackRock transferred its participation from its U.S. division to BlackRock International.
The changes come after the group last summer announced its next phase that would call on participants to "move from words to action" by "taking action to actively reduce greenhouse gas emissions across the value chain."
T. Rowe Price Exchange-Traded Funds, Inc. files with the SEC-T. Rowe Price Intermediate Municipal Income ETF
February 14, 2024--T. Rowe Price Exchange-Traded Funds, Inc. has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the T. Rowe Price Intermediate Municipal Income ETF.
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Procure ETF Trust II files with the SEC-Procure Disaster Recovery Strategy ETF and Procure Space ETF
February 14, 2024-Procure ETF Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Procure Disaster Recovery Strategy ETF
Procure Space ETF.
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Exchange Listed Funds Trust files with the SEC-Stratified LargeCap Index ETF and Stratified LargeCap Hedged ETF
February 14, 2024--Exchange Listed Funds Trust has filed a Form N-1A Registration Statement, Post-Effective amendment with the SEC for the
Stratified LargeCap Index ETF
Stratified LargeCap Hedged ETF.
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Northern Lights Fund Trust III files with the SEC-Swan Enhanced Dividend Income ETF
February 14, 2024- Northern Lights Fund Trust III has filed a Post-Effective Amendment, Registration Statement with the SEC for the Swan Enhanced Dividend Income ETF.
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Krane Shares Trust files with the SEC- KraneShares Saudi Vision Index ETF
February 13, 2024--Krane Shares Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the KraneShares Saudi Vision Index ETF.
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Calamos ETF Trust files with the SEC-4 Calamos Capital Protected ETFs
February 13, 2024--Calamos ETF Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the Calamos Capital Protected [ ] ETF-June, Calamos Capital Protected [ ] ETF-September, Calamos Capital Protected [ ] ETF-December, and Calamos Capital Protected [ ] ETF-March.
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Franklin Ethereum Trust files with the SEC-Franklin Ethereum ETF
February 12, 2024--Franklin Ethereum Trust has filed a Form S-1 Registration Statement with the SEC for the Franklin Ethereum ETF.
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Morgan Stanley IM files to replicate Vanguard's multi-share class structure in ETF rivalry race
February 12, 2024--Fifth firm to file
Morgan Stanley Investment Management has applied for permission to house an ETF multi-share class structure, becoming the fifth asset manager to seek approval on the move.
In a filing for ETF Operational Relief with the Securities and Exchange Commission on January 29, Morgan Stanley IM said it was pursuing "multi-class structure" open-ended products, which would see the firm add an ETF share class to its existing mutual funds.
IMF Working Paper-U.S. Inflation Expectations During the Pandemic
February 9, 2024--Summary:
This paper studies how and why inflation expectations have changed since the emergence of Covid-19. Using micro-level data from the University of Michigan Survey of Consumers, we show that the distribution of consumer expectations at one-year and five-ten year horizons has widened since the surge of inflation during 2021, along with the mean. Persistently high and heterogeneous expectations of consumers with less education and lower income are mainly responsible.
A simple model of adaptive learning is able to mimic the change in inflation expectations over time for different demographic groups.
The inflation expectations of low income and female consumers are consistent with using less complex forecasting models and are more backward-looking. A medium-scale DSGE model with adaptive learning, estimated during 1965-2022, has a time-varying solution that produces lower forecast errors for inflation than a variant with rational expectations. The estimated model interprets the surge of inflation in 2021 mainly as the result of a price markup shock, which is more persistent and requires a larger and more persistent monetary policy response than under rational expectations.
