Americas ETP News
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BlackRock Is Offering a Free Perk That Lets It See Inside Your Portfolio
June 18, 2018--Free risk-assessment tool for financial advisers is part of an effort to sell more funds to individual investors
The world's largest asset manager hopes to sell more investment products to Main Street with one of the oldest strategies in business: the freebie.
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Source: Wall Street Journal
Treasury International Capital Data For April
June 15, 2018--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for April 2018. The next release, which will report on data for May 2018, is scheduled for July 17, 2018.
The sum total in April of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $138.7 billion. Of this, net foreign private inflows were $163.5 billion, and net foreign official outflows were $24.8 billion.
Foreign residents increased their holdings of long-term U.S. securities in April; net purchases were $22.5 billion. Net purchases by private foreign investors were $65.9 billion, while net sales by foreign official institutions were $43.5 billion.
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Source: federalreserve.gov
Fidelity Launches Two Factor ETFs
June 15, 2018--Fidelity Investors Now Have Access to 95 Commission-Free1 ETFs on One of the Nation's Largest ETF Platforms.
Fidelity Investments(R), one of the industry's leading providers of exchange traded funds (ETFs) with more than $380 billion in ETF assets under administration,2 today announced an expansion of its ETF lineup with the introduction of two factor ETFs: Fidelity Low Duration Bond Factor ETF (FLDR) and Fidelity High Yield Factor ETF (FDHY).
The new ETFs are competitively priced with total expense ratios of just 0.15% for FLDR and 0.45% for FDHY. Both ETFs began trading today, the Fidelity Low Duration Bond Factor ETF on the CBOE BZX Exchange, Inc. and Fidelity High Yield Factor ETF on the New York Stock Exchange.
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Source: Fidelity Investments
CFTC.gov Commitments of Traders Reports Update
June 15, 2018--The current reports for the week of June 15, 2018 are now available.
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Source: CFTC.gov
IMF Working Papers-Determinants of U.S. Business Investment
June 15, 2018--Summary:
U.S. business investment has taken a serious toll during the global financial crisis and also in the recovery phase investment did not pick up as expected. What is surprising is that the alleged investment slowdown happened at a time of record corporate profits and retained earnings, highly supportive financial conditions, improved sentiment, rising equity valuations, and strong labor markets-factors established in supporting business investment.
Applying accelerator models and Bayesian Model Averaging, this paper discusses the extent to which U.S. business investment has been unusual. Results suggest that cautious expectations of future aggregate demand growth explain most of the weakness in investment, and that the oil and gas sector accounts for a considerable portion of the investment slump. Consequently, the behavior of U.S. business investment in recent years has not been unusual once these factors are taken into account. Also, there is very little evidence for uncertainty holding back investment, or that firms' financial measures "crowded out"capital expenditure.
view the IMF Working Papers-Determinants of U.S. Business Investment
Source: IMF
Purpose Investments Inc. Announces Fund Name Changes and Confirms ETF Conversions
June 15, 2018-Purpose Investments Inc. ("Purpose") is pleased to announce that Australian Banc Income Fund (TSX:AUI.UN) and Redwood Floating Rate Income Fund (TSX:ISL.UN) (formerly Voya Floating Rate Senior Loan Fund) (each a "Fund" and together, the "Funds") have changed their names and lowered their management fees, effective June 14, 2018, and will change their trading symbols, effective June 18, 2018.
Units of each Fund are currently listed and trade on the Toronto Stock Exchange (the "TSX"), as indicated in the table below.
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Source: Purpose Investments
Crypto Coins Surge as SEC Spares Ether From Securities Rules
June 14, 2018--Statement eases concerns that regulators would crack down
Digital currency rises as much as 12 percent on announcement
Ether investors got a reprieve Thursday when a top U.S. regulator said transactions involving the token aren't subject to federal securities rules, ending months of speculation that had weighed on the second-most valuable digital currency. Ether and other coins surged on the news.
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Source: Bloomberg
IMF-United States of America: Staff Concluding Statement of the 2018 Article IV Mission
June 14, 2018--The Macroeconomic Outlook
The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions.
These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment. However, despite good near-term prospects, a number of vulnerabilities are being built-up for the medium-term.
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Source: IMF
Canadian securities regulators seek second round of input on proposed business conduct rules for derivatives dealers and advisers
June 14, 2018--The Canadian Securities Administrators (CSA) today published a notice and second request for comment (the Notice) on Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 CP Derivatives: Business Conduct (collectively, the Proposed Instrument).
The Proposed Instrument establishes a business conduct regime for regulating dealers and advisers in over-the-counter (OTC) derivatives in Canada.
The Proposed Instrument was originally published for comment on April 4, 2017 (the first consultation).
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Source: Canadian Securities Administrators
Amplify ETFs Launches the Amplify EASI Tactical Growth ETF (NYSE Arca: EASI)
June 14, 2018--Amplify ETFs Launches the Amplify EASI Tactical Growth ETF (NYSE Arca: EASI)
Rotates Between High Quality Growth Stocks and Fixed Income
Amplify ETFs announces the launch of the Amplify EASI Tactical Growth ETF (NYSE Arca: EASI), an index-based ETF that seeks to participate in the upside of high quality growth companies during upward trending equity markets while tactically rotating to fixed income in downward trending equity markets. EASI seeks investment results that generally correspond to the EASI Tactical Growth Index (the "Index").
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Source: Amplify ETFs
