Americas ETP News
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BlackRock Unveils New Offering to Power Investors' Transition to Net Zero Emissions
December 1, 2020--"Aladdin Climate" Sets New Standard in Providing Investors Actionable Security-Level Data on Climate Risk
New Partnerships with Sustainalytics and Refinitiv Add to ESG Data Indicators Available Through Aladdin
Building on BlackRock's strength in risk management through the Aladdin platform, BlackRock today announced it has created Aladdin Climate to meet the urgent need among financial institutions and investors to quantify climate risk in their portfolios as the physical toll of climate change mounts and the global transition to net zero emissions accelerates.
Aladdin Climate is the first software application to offer investors measures of both the physical risk of climate change and the transition risk to a low-carbon economy on portfolios with climate-adjusted security valuations and risk metrics.
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Source: blackrock.com
TrueShares Structured Outcome December ETF launched December 1
December 1, 2020--The TrueShares Structured Outcome ETF Series utilizes a "buffer protect" options strategy, that seeks to provide investors with returns (before fees and expenses) that track those of the S&P 500 Index while seeking to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index's losses over a 12-month investment period.
The DECZ defined investment period begins on December 1, 2020 and resets exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Return Index. While there is no guarantee the Fund will be successful in providing these outcomes in any period, the intent of the ETFs in the series is to provide uncapped equity market upside participation (subject to options pricing) with a measure of downside risk mitigation.
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Source: true-shares.com
New exchanges bring ambition to reshape US equity market
November 30, 2020--Three new stock exchanges launched in September have begun to alter the shape of the world's biggest equity market, challenging the trio of incumbents that dominate US share trading.
The new bourses have yet to attract significant volumes, accounting for less than 1 per cent of the shares that changed hands in October.
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Source: FT.com
ETFGI reports ETFs listed in Canada have gathered a record US$25.98 billion in year to date net inflows as of the end of October 2020
November 26, 2020--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that ETFs listed in Canada gathered net inflows of US$1.34 billion during October, bringing year-to-date net inflows to a record US$25.98 billion which is significantly above the 2019 YTD and full year 2019 inflows of US$14.16 billion and US$20.93 billion respectively.
During October, Canadian ETF assets decreased by 1.2%, from US$176.27 billion at the end of September to US$174.12 billion, according to ETFGI's October 2020 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
year-to-date net inflows are a record $25.98 billion, significantly above the 2019 YTD and full year 2019 inflows of $14.16 billion and $20.93 billion respectively.
Canada celebrates the 20th anniversary of the listing of the world's first ever fixed income ETFs on November 22nd.
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Source: ETFGI
Emles debuts luxury, defensive strategy ETFs
November 25, 2020--Emles Advisors brought to Cboe Global Markets two exchange-traded funds with distinct approaches to investing.
The Emles Luxury Goods ETF buys the shares of companies in the luxury goods business, while the Emles Protective Allocation ETF tracks an index that allocates 55% of its portfolio to fixed-income securities.
Source: Smartbrief
Minutes of the Federal Open Market Committee, November 4-5, 2020
November 25, 2020--Developments in Financial Markets and Open Market Operations
The System Open Market Account (SOMA) manager first discussed developments in financial markets. Financial conditions were little changed, on net, over the intermeeting period and remained accommodative. Market participants suggested that evolving expectations for U.S. fiscal policy as well as stronger-than-expected economic data and corporate earnings reports helped support equity prices.
Later in the intermeeting period, however, rising COVID-19 cases in Europe and the United States weighed on the outlook, and equity prices reversed some of their earlier gains.
Implied volatility in the equity market moved higher during the intermeeting period, reflecting uncertainties associated with the U.S. election and the future path of fiscal policy as well as concerns about the trajectory of COVID-19 cases.
Market participants' expectations for the path of the federal funds rate were little changed over the intermeeting period. In the Open Market Desk's Survey of Primary Dealers and Survey of Market Participants, respondents' views on when the Committee will most likely start raising the target range for the federal funds rate were centered around 2024. Expectations for the economic conditions that will prevail when the FOMC first lifts the target range were little changed since the September surveys.
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Source: federalreserve.gov
From mutual fund to ETF: first conversion nears completion
November 24, 2020--Transfer will be result of months of negotiations and efforts to reach shareholders
After 18 months of legal and regulatory negotiations, tax considerations and a massive effort to reach out to direct shareholders, Guinness Atkinson expects to complete the industry's first transformation of a mutual fund into an ETF by year-end, according to its chief executive.
The company hopes to execute the conversion of its $17m Dividend Builder and $4m Asia Dividend Builder mutual funds into ETFs on December 18, the company disclosed.
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Source: FT.com
Mutual fund conversions to ETFs set to gather momentum, experts say
November 23, 2020--Latest attempt by Dimensional could be start of 'significant trend' if move proves to be successful
Moves by two US asset managers to convert some of their mutual funds into exchange traded funds could trigger a wave of copycat manoeuvres by rival houses, industry figures believe.
Texas-based Dimensional Fund Advisors said last week that it intends to convert six of its mutual funds, with total assets of $20bn, into actively managed ETFs during 2021. It has also launched its first ever standalone ETFs, two of which, covering US (DFAU) and international (DFAI) core equity, listed last week.
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Source: FT.com
Options Listed for MSOS, the First-Ever US Cannabis ETF
November 23, 2020--AdvisorShares Pure US Cannabis ETF (MSOS) Joins Sister Fund YOLO with Listed Options
November 23, 2020--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced that AdvisorShares Pure US Cannabis ETF (Ticker: MSOS) options are now listed for trading.
The actively managed MSOS became the first U.S.-listed active ETF to deliver exposure dedicated solely to American cannabis companies, including multi-state operators (MSOs).
MSOs are U.S. companies directly involved in the legal production and distribution of cannabis in states where approved. This ETF with its apt ticker seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities. Its domestic equity strategy allows MSOS to allocate its underlying portfolio among MSO companies as well as other U.S.-based cannabis-focused areas such a REITs, cannabidiol (CBD), pharmaceutical and hydroponics.
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Source: AdvisorShares
US regulators issue stern warning on volatility ETPs
November 18, 2020--SEC's guidance follows sanction of five companies that have been ordered to repay $3m to investors
US regulators have issued a stern warning to broker dealers and financial advisers to stop selling "unsuitable" volatility-linked exchange traded products to retail investors.
The harshly worded statement has been released by a division of the Securities and Exchange Commission following Friday's announcement that five companies had been ordered to repay a combined total of more than $3m to retail investors harmed by the products.
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Source: FT.com
