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Cboe VIX logs orderly June settlement
June 20, 2018--The Cboe Volatility Index .VIX, Wall Street's so-called "fear gauge," logged an orderly monthly settlement on Wednesday, which is likely to help allay concerns that the index is manipulated on settlement days.
The VIX futures June settlement, calculated using a subset of S&P 500 .SPX options, was 12.27, according to Cboe data. The VIX opened during regular trading hours at 12.47.
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Source: Reuters
CFTC.gov Swaps Report Update
June 20, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
State Street Global Advisors Launches Communication Services Select Sector SPDR(R) ETF
June 19, 2018--Newest SPDR ETF Keeps Industry's Largest Sector Suite Aligned with Upcoming GICS Changes
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the Communication Services Select Sector SPDR Fund (XLC).
The fund will provide exposure to the new Communication Services sector, unveiled by S&P Dow Jones Indices and MSCI Inc., following the annual review of the Global Industry Classification Standard (GICS) structure in November 2017.
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Source: State Street Corporation
AdvisorShares Active ETF Market Share Update-Week Ending 6/15/2018
June 19, 2018--Assets in actively managed ETFs added $376 million last week to reach $57.54 billion in total net assets.
ARK Investment led new AUM growth with $128 million followed by JP Morgan, which gained $97 million.
A single fund launched last week, which boosted the total of actively managed ETFs currently trading to 233.
At the strategy level, Short Term Bond recognized the largest inflows with $145 million, followed by Global Equity with a $124 million gain.
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Source: AdvisorShares
Investors, Innovation, and Performance Top SEC's Draft Strategic Plan
June 19, 2018-The Securities and Exchange Commission today published a draft strategic plan that focuses on investors, innovation, and performance as the top strategic goals in coming years.
The SEC is seeking public comment on the proposed draft that will guide the SEC's priorities through FY 2022.
The plan highlights the SEC's commitment to serving the long-term interests of Main Street investors; becoming more innovative, responsive, and resilient to market developments and trends; and leveraging staff expertise, data and analytics to bolster performance.
view the U.S. Securities and Exchange Commission Draft Strategic Plan 2018-2022
Source: SEC.gov
Exchanges, industry group petitions SEC to create committee on options market
June 19, 2018--A group of market participants led by Cboe Global Markets has asked the SEC for permission to create a committee to analyze potential changes and improvements to the U.S. options market.
In a letter to the Securities and Exchange Commission, Cboe, along with the Securities Industry and Financial Markets Association and the Security Traders Association, warned of "unintended consequences" impacting the options market resulting from changes in equity market regulations, including Regulation National Market System in 2005.
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Source: pionline.com
Big ticket' trades made possible by bond ETF liquidity
June 19, 2018-- Exchange traded funds are revolutionising stock markets, regularly accounting for a third of all US equity trades and growing rapidly in...
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Source: FT.com
BlackRock to Shut 16 ETFs Focused on Smart Beta, Multifactor
June 19, 2018-BlackRock Inc. will shutter 16 exchange-traded funds in smart-beta and multifactor strategies a few months after introducing a lineup of artificial intelligence-driven products.
The last day of trading for the funds will be Aug. 15, the company said in a statement Friday. The funds held about $91 million in assets at the end of May, according to the company.
The closures come even as BlackRock puts greater emphasis on factor investing, a trading strategy that selects investments based on tested drivers of return, such as volatility, size and value.
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Source: Bloomberg
J.P. Morgan Asset Management Launches US REIT ETF based on MSCI US REIT Index
June 18, 2018--JPMAM launches BBRE, based on MSCI US REIT Index
J.P. Morgan Asset Management announced today the launch of the JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), which seeks to replicate the performance of the MSCI US REIT Index.
The MSCI US REIT Index is a free-float adjusted market-cap weighted index comprised of equity Real Estate Investment Trusts. The index is based on the MSCI USA Investable Market Index (IMI), its parent index, which captures the large, mid and small cap segments of the USA market. The securities included offer core real estate exposure. BBRE will be priced with a total expense ratio (TER) of 11bps.
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Source: J.P. Morgan Asset Management
Horizons ETFs Offers More Ways to Gain Exposure to Marijuana Equities
June 18, 2018--Futures contracts on the Horizons Marijuana Life Sciences Index ETF (HMMJ) begin trading today.
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") is pleased to announce new developments with its suite of Marijuana-focused exchange traded funds ("ETFs").
This includes the listing of futures contracts on the Horizons Marijuana Life Sciences Index ETF ("HMMJ") and the filing of a preliminary prospectus to launch leveraged, inverse and inverse leveraged ETFs that provide exposure to Canadian-listed Marijuana companies.
Futures on units of HMMJ will begin trading today on the Montreal Exchange. Futures contracts on HMMJ will be available with quarterly expiration dates, in January, March, June and September – initially extending to a June 2019 expiry.
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Source: Horizons ETFs Management (Canada) Inc.
