Americas ETP News
If your looking for specific news, using the search function will narrow down the results
BlackRock Launches iShares USD Bond Factor ETF (USBF)
October 14, 2021---BlackRock today announced that the iShares USD Bond Factor ETF (NASDAQ: USBF) began trading. The ETF offers investors a chance to outperform the broader U.S. fixed income market by selecting bonds based on macro and quality and value style factor insights. USBF, which seeks to track the BlackRock USD Bond Factor Index, has an expense ratio of 0.18%, or $1.80 for every $1,000 invested-lower than 86% of mutual funds and ETFs in the Morningstar Core Bond category.1
Many debt market participants are seeking to navigate credit risk- the ability to be repaid in full and on time- and interest rate risk, given how yields could rise after not only recent all-time lows, but also four consecutive decades of declines. By applying a rules-based, transparent factor, or "smart beta," investing lens to bonds, USBF pursues a strategy that seeks to provide a diversified selection of U.S. dollar-denominated bonds while enhancing total return relative to the broader U.S. fixed income market and retaining similar risk characteristics.
view more
Source: BlackRock
First Trust Launches the First Trust Multi-Manager Small Cap Opportunities ETF
October 14, 2021--An actively managed ETF that relies on diversified expertise from multiple asset management firms
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 actively managed ETF, the First Trust Multi-Manager Small Cap Opportunities ETF (NYSE Arca: MMSC) (the "fund").
The fund seeks to provide long-term capital appreciation by investing in equity securities issued by small capitalization companies.
The fund's portfolio is managed by First Trust Advisors L.P. ("First Trust"), with the First Trust Investment Committee handling the selection and ongoing monitoring of the securities in the fund's portfolio. The First Trust Investment Committee is responsible for selecting and overseeing the sub-advisors. The assets of the fund will be initially allocated between two sub-advisors: Driehaus Capital Management LLC and Stephens Investment Management Group, LLC. Through the blending of multiple portfolio management teams, First Trust seeks to provide idiosyncratic profiles that complement each other.
view more
Source: First Trust
Coinbase calls for new regulator and framework for the crypto sector
October 14, 2021--Coinbase is calling for vast changes in how the crypto sector is regulated. On Thursday the company released a digital asset proposal in which its Chief Policy Officer Faryar Shirzad called for cryptocurrencies and other digital assets to be regulated under a separate legal framework by a single federal agency.
Furthermore, the proposal calls for separate disclosure requirements on particular digital assets such as stablecoins.
The proposal comes a month after Coinbase (COIN) CEO Brian Armstrong voiced objections on Twitter in response to the SEC's decision to block its lending product.
view more
Source: finance.yahoo.com
US Department of Labor proposes rule to remove barriers to considering environmental, social, governance factors in plan management
October 13, 2021--Protecting security of families, businesses, workers from climate-related financial risks
The U.S. Department of Labor today announced a proposed rule that would remove barriers to plan fiduciaries' ability to consider climate change and other environmental, social and governance factors when they select investments and exercise shareholder rights.
The proposed rule,"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights," follows Executive Order 14030, signed by President Biden on May 20, 2021. The order directs the federal government to implement policies to help safeguard the financial security of America's families, businesses and workers from climate-related financial risk that may threaten the life savings and pensions of U.S. workers and families.
view more
Source: dol.gov
SEC Modernizes Filing Fee Disclosure and Payment Methods
October 13, 2021--Amendments Will Help Automate Filing Fee Calculation and Validation, Update Fee Payment Options
The Securities and Exchange Commission today adopted amendments to modernize filing fee disclosure and payment methods. Operating companies and investment companies (funds) pay filing fees when engaging in certain transactions, including registered securities offerings, tender offers, and mergers and acquisitions.
The amendments revise most fee-bearing forms, schedules, and related rules to require companies and funds to include all required information for filing fee calculation in a structured format. The amendments also add new options for Automated Clearing House (ACH) and debit and credit card payment of filing fees and eliminate infrequently used options for filing fee payment via paper checks and money orders. The amendments are intended to improve filing fee preparation and payment processing by facilitating both enhanced validation through filing fee structuring and lower-cost, easily routable payments through the ACH payment option.
view more
Source: SEC.gov
SEC's 'complex' ETP probe could impact crypto ETFs
October 13, 2021--Investors are increasingly finding ways to access bitcoin outside the regulator's remit, lawyers and analysts warn
The Securities and Exchange Commission's indication that it is going to look more closely at how it regulates complex exchange traded products has implications for future bitcoin ETF rules, say attorneys and analysts.
Last week, SEC Chair Gary Gensler directed staff to study the risks of ETFs employing strategies "more complex than typical stocks and bonds" and draft potential rules to address those concerns.
view more
Source: ft.com
BlackRock's revenues hit record high but assets stall shy of $10tn
October 13, 2021--Chief executive says assets under management held back by strong dollar
Overall assets under management at BlackRock tallied $9.46tn at the end of September, up 21 per cent on the year, but down slightly from $9.49tn
view more
Source: ft.com
Coinbase Follows FTX.US Into NFT Trading
October 12, 2021--The exchange's marketplace will support Ethereum-based NFTs and comes a day after the release of an NFT marketplace from rival exchange FTX.US.
Coinbase is joining the non-fungible token (NFT) arms race.
The U.S. crypto exchange is launching "Coinbase NFT," a marketplace that will allow its users to buy and sell Ethereum-based digital collectibles, the company announced Tuesday.
Coinbase's NFT platform is expected to launch by the end of the year, sources told CoinDesk.
The move comes just a day after rival exchange FTX.US announced a marketplace for Solana-based NFTs, with plans to support other blockchains, including Ethereum, in the future.
view more
Source: coindesk.com
BlackRock U.S. bond ETFs hit by large capital outflows as industry booms
October 11, 2021--Similar products held by rivals such as Vanguard have attracted big inflows
BlackRock has been hit by large outflows from some of its best-known U.S. exchange-traded funds this year, even as the industry has posted near-record net inflows of $ 161 billion since the start of the year.
Since the start of the year, the world's largest asset manager has recorded net outflows of 22-25% of assets from its iShares iBoxx $ Investment Grade Corporate Bond (LQD), iShares iBoxx $ High Yield Corporate Bond ETFs ETF (HYG) and iShares Short Treasury Bond ETF (SHV), according to FactSet data.
view more
Source: ft.com
SEC throws sop to US investors with bitcoin 'lite' equity ETFs
October 9, 2021-Latest regulatory approval and fund launches still leave direct investment in crypto via ETFs off limits in the US
Two bitcoin "lite" equity ETFs have begun trading in the US and a third has been approved by the Securities and Exchange Commission as the regulator throws out a sop to investors calling for a bona fide bitcoin ETF.
The SEC has so far refused to approve any exchange traded funds that invest in the cryptocurrency itself, even though a slew of asset managers have applied to do so and similar vehicles are already up and running in Sweden, Switzerland, Jersey, Germany and Canada.
view more
Source: ft.com
