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Innovator Preps Nasdaq 100, Russell 2000, MSCI EAFE, and MSCI Emerging Markets Buffer ETF Listings, Announces Upside Cap Ranges for S&P 500 January Series of Defined Outcome Buffer ETFs
December 27, 2019--ETFs provide upside exposure up to a cap, with defined downside buffer levels over a one-year Outcome Period
Innovator's Defined Outcome ETFs are the subject of a patent application filed with the U.S. Patent and Trademark Office
Innovator Capital Management, LLC (Innovator) announced today the anticipated upside cap ranges for the January Series of Innovator S&P 500 Buffer ETFsTM, along with four new Power Buffer ETFs scheduled to begin trading on January 2, 2020, based on the Nasdaq 100, Russell 2000, MSCI EAFE, and MSCI Emerging Markets Indexes.
For the remainder of 2019, the January Series of Innovator S&P 500 Buffer ETFs (BJAN, PJAN, UJAN) provide investors an outcome period of less than one week, with known upside potential and downside buffers through year end. Investors who purchase prior to the rebalance on January 2, 2020 will also be fully invested for the new outcome period, obtaining fresh upside caps and downside buffers for the year ahead.
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Source: accesswire.com
Franklin Templeton Expands Active ETF Lineup with First Alternative ETF, Franklin Liberty Systematic Style Premia ETF
December 23, 2019--Franklin Templeton today announced the expansion of its active ETF lineup with the addition of its
first alternative ETF, Franklin Liberty Systematic Style Premia ETF (FLSP).
The fund seeks to deliver absolute return (positive returns in rising or
falling markets) by employing a multi-asset, long/short strategy. FLSP is
actively risk-managed, seeking a target annualized volatility of 8 percent,
and targets four style factors: quality, value, momentum and carry.
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Source: bloomberg.com
CFTC.gov Commitments of Traders Reports Update
December 20, 2019--The current reports for the week of December 17th, 2019 are now available.
view filing
Source: CFTC.gov
SEC Proposes to Update Accredited Investor Definition to Increase Access to Investments
December 18, 2019--The Securities and Exchange Commission voted to propose amendments to the definition of accredited investor, one of the principal tests for who is eligible to participate in our private capital markets.
The proposal seeks to update and improve the definition to more effectively identify institutional and individual investors that have the knowledge and expertise to participate in our private capital markets.
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Source: SEC.gov
J.P. Morgan Reorganizes ETF Sales, Replaces U.S. Distribution Head
December 17, 2019--J.P. Morgan Asset Management has named a new head of sales for its U.S. exchange-traded fund business as part of a broader reorganization, according to an internal memo.
The bank, which generated $12 billion in new ETF assets this year, is merging its ETF sales "specialists" with its broader asset management sales teams.
U.S. ETF distribution head Jillian DelSignore will be leaving to "pursue other opportunities," according to the memo from the asset management division's operating committee.
Bryon Lake, who runs J.P. Morgan's international ETF business in London, will assume responsibility for ETF sales across the U.S., Latin America and Canada, reporting to Americas client funds and institutional head Andrea Lisher, the memo said. He will relocate to New York early next year, and also report to Steve Lundquist, who heads U.S. fund sales to registered investment advisors and other clients.
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Source: advisorhub.com
iShares U.S. ETF Trust files with the SEC
December 16, 2019--iShares U.S. ETF Trust has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
Nuns take on BlackRock over climate change
December 14, 2019--Sisters of Mercy of the Americas add voice to those of Al Gore and other critics of the $7tn fund manager
A group of Catholic nuns has taken aim at BlackRock's record on climate change, adding their voice to a growing chorus including Al Gore that claim the world's biggest fund manager is not doing enough to tackle global warming.
Mercy Investment Services, the investment programme of the Sisters of Mercy of the Americas, lambasted the $7tn asset manager's voting record on climate change resolutions at the annual meetings of companies in which it invests.
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Source: FT.com
Invesco Announces Changes to Its US ETF and Mutual Fund Product Lines
December 13, 2019--Changes are a final key element in the combination of Invesco and OFI
Invesco (NYSE: IVZ), one of the world's leading global investment managers, today announced changes to its US exchange-traded fund (ETF) and mutual fund product lines.
The fund rationalization is intended to integrate the fund ranges of Invesco and OppenheimerFunds (OFI), which are now operating as a single global firm.
The firm has completed an in-depth analysis and today is announcing details regarding a final key element of the combination: the integration of our comprehensive range of investment capabilities.
A key benefit of bringing the two firms together was an opportunity to take the best products of both firms to create a highly differentiated set of capabilities that helps clients achieve their investment objectives.
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Source: Invesco Ltd
The U.S. Securities and Exchange Commission Approves Exemptive Relief to Permit Blue Tractor Group's Shielded AlphaSM ETF Structure
December 11, 2019--A Shielded AlphaSM ETF confers to active managers the ability to manage their ETF creation basket to generate additional alpha
Blue Tractor Group, LLC ("Blue Tractor") is pleased to announce that the U.S. Securities and Exchange Commission ("SEC") has approved the exemptive relief necessary to permit Blue Tractor's Shielded AlphaSM exchange-traded fund ("ETF") structure.
Blue Tractor thanks the SEC for its collaborative regulatory approval process. The SEC issued its exemptive order on December 10, 2019.
Blue Tractor's Shielded AlphaSM structure is a 'wrapper' that facilitates management of actively managed portfolio strategies within an ETF rather than in a traditional mutual fund or separately managed account, thereby conferring the benefits of an ETF to advisors and investors alike, including lower cost, greater tax efficiency and intra-day liquidity.
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Source: Blue Tractor Group
Office of Financial Research Reports on Risks to Financial Stability
December 11, 2019--The U.S. Office of Financial Research today released its 2019 Annual Report to Congress. The Annual Report, which includes a financial stability risk assessment and key findings, describes risks to financial stability as moderate.
As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the report provides an update on the status of the efforts of the OFR in meeting its mission.
The 2019 Annual Report to Congress states that risks to U.S. financial stability remain in the medium range, reflecting a mix of high, moderate, and low risks in the financial system. Solvency and leverage risk continues to be low. Most other types of risk to financial stability are moderate. Of those moderate risks, macroeconomic risk is higher than a year ago. Credit risk is still moderate. Market risk remains elevated. Asset prices have appreciated with the strong U.S. economy. High asset prices can be a plus, but as past crises have shown, can also be vulnerable to declines.
view the OFR 2019 Annual Report to Congress
Source: OFR