Americas ETP News
If your looking for specific news, using the search function will narrow down the results
CBO-Monthly Budget Review for November 2020
December 8, 2020--The federal budget deficit totaled $430 billion in October and November 2020, the first two months of fiscal year 2021, the Congressional Budget Office estimates. That amount is $87 billion more than the deficit recorded during the same period last year. Outlays were higher by 9 percent, and revenues were lower by 3 percent, than in October and November 2019.
Because December 1, 2019, fell on a weekend, outlays through November in that year were boosted by the shift of certain payments from December to November. If not for those timing shifts, outlays so far this year would have been $123 billion greater than those in the same period last year, and the deficit would have risen more—by $136 billion.
view more
Source: Congressional Budget Office (CBO)
TrimTabs launches ETFs focused on innovation, high yield
December 9, 2020--TrimTabs Asset Management brought to Cboe Global Markets exchange-traded funds focused on innovative companies and high-yield fixed-income securities.
The TrimTabs Donoghue Forlines Risk Managed Innovation ETF and the TrimTabs Donoghue Forlines Tactical High Yield ETF can shift into lower-risk investments based on daily buy/sell signals
view more
Source: news.yahoo.com/
Trading outages strike again for US retail brokers
December 7, 2020--Robinhood and Interactive Brokers suffer latest in a series of glitches.
Interactive Brokers and Robinhood suffered more outages on Monday-the latest in a series of glitches as online stock-trading brokerages.
view more
Source: FT.com
JPMorgan Warns of Crowded Trades Amid Markets' 'Clear Consensus'
December 6, 2020-History shows consensus rarely plays out entirely: strategists
Crowded trades include short dollar, long copper, long Bitcoin
There's strong consensus in markets right now and investors need to position to hedge against crowded trades, according to JPMorgan Chase & Co.
The last time such a strong agreement on strategy existed was in late 2017 and early 2018, and that time period serves as a reminder that such a consensus view rarely plays out in its entirety, strategists led by Nikolaos Panigirtzoglou wrote in a note Friday. Global stocks reached records in January 2018 amid massive inflows, but extended positioning in risk assets became a concern and the next month the "Volmageddon" volatility spike crushed trades that many investors had viewed as a sure thing.
view more
Source: bloomberg.com
Citi Appointed by Dimensional Fund Advisors to Provide Securities Services for New Family of Active ETFs
December 4, 2020--Citi has been appointed by Dimensional Fund Advisors to provide securities services for its new family of actively managed, transparent exchange-traded funds (ETFs), the first two of which launched on November 18. As part of the mandate, Citi will provide fund administration, global custody, transfer agency, agency securities lending and ETF services.
Dimensional Fund Advisors is a global leader in systematic factor investing that has plans to grow its active, transparent ETF offering. Dimensional has successfully launched three core equity ETFs: Dimensional US Core Equity Market ETF (NYSE Arca: DFAU), Dimensional International Core Equity Market ETF (NYSE Arca: DFAI) and Dimensional Emerging Core Equity Market ETF (NYSE Arca: DFAE). In addition, the firm recently unveiled plans to convert six tax-managed mutual funds into new ETFs in 2021- one of the first to do so in the asset management industry.
view more
Source: marketwatch.com
Active fund investors earn higher returns for tolerating underperformance
December 4, 2020--Research suggests it pays to be patient as even the top active funds have long periods of undershooting the market
Investors looking to outperform the market by putting money into actively managed funds must tolerate longer periods of decline than most are prepared to weather in the hunt for return.
More than 80 per cent of outperforming active funds in the US spent at least one five-year period in the bottom 25 per cent of funds for performance, new research from Vanguard shows.
view more
Source: FT.com
FTSE Russell to drop eight Chinese companies after U.S. blacklisting
December 4, 2020--Index provider FTSE Russell said on Friday it will delete shares of Hikvision and seven other Chinese companies from certain products after a U.S. order restricting the purchase of shares in those firms.
In a statement sent by a spokesman for owner London Stock Exchange Group, FTSE Russell said it will remove shares in companies including Hangzhou Hikvision, China Railway Construction Corp, and China Spacesat.
FTSE Russell said it acted following feedback from index subscribers and other stakeholders, and that it was following its policy when sanctions are imposed that restrict investments.
view more
Source: reuters.com
Investors seek inflation protection as economic optimism rises
December 4, 2020--Tips funds have enjoyed inflows for nine consecutive weeks.
view more
Source: FT.com
Vanguard Announces Senior Leadership Changes
December 3, 2020--Vanguard today announced several senior leadership changes. Chris McIsaac, currently head of Vanguard's Planning and Development Division, has been named head of Vanguard's International business. After 33 years of dedicated service, Jim Norris, head of Vanguard's International business, will retire at the end of the year.
As part of this long-planned transition, Mr. McIsaac has partnered with Mr. Norris over the past year on the firm's international strategy, including sharpening the firm's focus on individual investors and the intermediaries who serve them, and developing Vanguard's global suite of mutual funds, ETFs, and advisory services. Mr. McIsaac will relocate to Vanguard's European headquarters in London during the month of December.
view more
Source: apnews.com
Flow Charts: Where the ETF Money Went in November 2020
December 3, 2020--November was a blockbuster month for money flooding into ETFs. Coinciding with the historic stock market rally, pro-cyclical plays were the biggest winners, with one notable exception: Emerging Market stocks.
Net ETF inflows totaled a record $83.6 billion in November, with the vast majority -$72.1 billion- coming from equity ETFs, and $12.3 billion from fixed income funds. (Commodity ETFs and other asset classes registered small outflows).
view more
Source: etfrc.com
