Americas ETP News
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ETFGI reports net inflows of US$504 million to ETFs and ETPs listed in Latin America during May 2018
July 2, 2018--According to ETFGI's May 2018 Latin America ETF and ETP industry insights report, a monthly report included in an annual paid-for research subscription service, ETFs listed in Latin America saw net inflows of US$504 Million during May, representing the second highest inflows in five years. (All dollar values in USD unless otherwise noted.)
Highlights
In May 2018, ETFs listed in Latin America saw net inflows of $504 Mn, the second highest in five years.
Assets invested in ETFs listed in Latin America decreased by $400 Mn during May from $8.09 Bn at the end of Aril to $7.69 Bn.
Equity ETFs/ETPs gathered the largest net inflows with $518 Mn, followed by leveraged ETFs/ETPs with $6 Mn.
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Source: ETFGI
Vanguard rolls out commission-free ETFs
July 2, 2018--In an effort to rival Charles Schwab, TD Ameritrade and Fidelity, Vanguard will now let investors trade almost 1,800 ETFs commission-free.
Vanguard is expanding the number of ETFs investors can trade commission-free on its brokerage platform from its 77 in-house funds to almost 1,800, the firm announced Monday.
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Source: citywireusa.com
Mirae Asset Expands ETF Business with Completion of Global X Acquisition
July 2, 2018--Mirae Asset Global Investments Co., Ltd. (Mirae Asset), one of Asia's leading independent financial companies based in Seoul, South Korea, today announced that it has completed the previously announced acquisition of Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs) with $10.1 billioni in assets under management (AUM).
In partnering with Mirae Asset, Global X gains access to the resources and reach of a large, global financial institution, which will allow for Global X to continue to develop its thematic, income, and international ETF solutions, while expanding distribution capabilities.
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Source: Global X Funds
KraneShares Looks To China With New Junk Bond ETF
July 2, 2018--High-yield corporate debt is made more accessible to a wider range of investors thanks to exchange traded funds. That includes junk-rated debt corporate bonds in ex-U.S. markets.
The KraneShares CCBS China Corporate High Yield Bond USD Index ETF KCCB, -0.03% which debuted Friday, adds to the field of ex-U.S. junk bond ETF offerings. KraneShares is the firm behind the KraneShares CSI China Internet ETF KWEB, -0.22% among other China and emerging markets plays. The new KCCB is the firm's second ETF focusing on Chinese commercial bonds.
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Source: CNN.com
US industrial-focused ETF on track for fresh 2018 low
July 2, 2018--State Street's $11.7bn Industrial Select SPDR ETF opened trading on Monday morning on course for a new low for the year after a drop in oil
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Source: FT.com
'Big three' fire first shot as CMA finalises report
June 30, 2018--Antitrust body to publish findings of 9-month probe into investment consultancy
The UK's antitrust body has so far shown little evidence of a lack of competition in the investment consultancy market, Mercer, Aon and Willis Towers Watson have said.
The Competition and Markets Authority is gearing up to publish provisional findings on the sector after a nine-month investigation.
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Source: FT.com
Regulators Pass Streamlined Rules for ETFs
June 30, 2018--Exchange-traded funds now cover everything from small-cap stocks to high-yield bonds. But more ETFs may be coming down the pike. And investors may see a flood of actively managed ETFs, thanks to new rules that make them cheaper to run and more tax-efficient.
The Securities and Exchange Commission voted last week on proposed rules to expedite approvals of ETFs, improve transparency, and grant fund companies more flexibility to manage portfolios. The SEC scrapped a patchwork quilt of more than 300 "exemptive orders" that have governed the industry since the first ETF launched in 1993-essentially, every company had its own exception that allowed it to offer each kind of ETF.
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Source: Barron's
Jonathan Steinberg aims to take WisdomTree to $100bn assets
June 30, 2018--The founder of ETF specialist on his famous father Saul, Churchill and 'going all in'
Jonathan Steinberg, founder of exchange traded fund specialist WisdomTree, walks in the footsteps of a Wall Street giant. His late father Saul Steinberg made an unsuccessful attempt to buy Chemical Bank, then the sixth-largest US bank, before his 30th birthday and later threatened an ambitious takeover of Walt Disney, the media group, in 1984.
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Source: FT.com
ALPS Adds a Clean Energy ETF Play
June 29, 2018--ALPS expanded on its thematic exchange traded fund lineup with a strategy that helps investors target the renewable energy category.
On Friday, ALPS launched the ALPS Clean Energy ETF (Cboe: ACES), which has a 0.65% expense ratio.
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Source: Nasdaq
Horizons ETFs Completes Rebalances of its Marijuana-focused ETFs
June 29, 2018--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF ("HMMJ:TSX") and the Horizons Emerging Marijuana Growers Index ETF ("HMJR:NEO").
HMMJ is the world's first and largest ETF offering direct exposure to North American publicly listed life sciences companies with significant business activities in the marijuana industry.
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Source: Horizons ETFs Management (Canada) Inc.
