Americas ETP News
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DWS expands Xtrackers factor ETF suite
April 5, 2018--QARP to offer exposure to high-quality stocks with favorable valuations
DWS announced today the launch of a new quality factor exchange-traded fund (ETF)-Xtrackers Russell 1000 US QARP ETF (NYSE Arca:QARP).
The fund seeks investment results that generally correspond to the performance of the underlying index that aims to identify companies that have strong quality scores relative to their peers, while also looking at the value scores of the securities to avoid those quality companies that are potentially over-priced. The quality focus also seeks to avoid "value traps"-companies with favorable valuation metrics as they approach bankruptcy, that a pure value exposure would likely fall into.
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Source: DWS Group
Top mutual funds to disclose new active-management metric
April 5, 2018--With the Trump administration slowly rolling back regulations, state governments are taking consumer protections into their own hands.
Thirteen mutual fund behemoths, including the likes of Vanguard, BlackRock and Goldman Sachs, have agreed to disclose more information about their actively-managed funds, after a new investigation by the New York attorney general's office found retail investors have unequal access to important fund information.
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Source: financial-planning.com
BlackRock-Client update on civilian firearms exposures in investment portfolios
April 5, 2018--BlackRock issued a client bulletin on March 2nd outlining our approach to companies that manufacture and sell civilian firearms. In that bulletin, we committed to addressing the issue of firearms companies held in index portfolios in two ways:
Offering our clients more choice of products that exclude firearms manufacturers and/or retailers.
As a fiduciary, engaging with firearms manufacturers and retailers in which our clients are invested, regarding business policies and practices connected with the production and sale of firearms.
Both of these initiatives are ongoing. Today, we are providing an update on certain steps we are taking-in response to client interest-to enhance our Environmental, Social and Governance (ESG) and other index product offerings to provide more choice for clients seeking to exclude firearms companies from their portfolios. These steps include:
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Source: BlackRock
Little Harbor Advisors, LLC Launches the LHA Market StateTM U.S. Tactical ETF (Ticker Symbol: MSUS)
April 4, 2018--New ETF Uses Artificial Intelligence to Manage Net Exposure to the U.S. Equity Market
Investment firm Little Harbor Advisors, LLC has launched its first exchange-traded fund. The fund uses Bayesian statistical techniques to infer the probability of change in price direction of the broad U.S. equity market.
The LHA Market StateTM U.S. Tactical ETF (Ticker Symbol: MSUS) applies these techniques to the U.S. equity market to manage the net-long exposure of the MSUS ranging between zero (out of the market) and 160%.
MSUS seeks to provide investment results that exceed the total return performance of the broader U.S. equity market on a risk-adjusted basis. MSUS will attempt to achieve this objective by seeking to reduce net exposure to the U.S. equity market in order to minimize losses in market downdrafts and to enhance net exposure and returns during market rallies.
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Source: Little Harbor Advisors, LLC
CFTC.gov Swaps Report Update
April 4, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
BNY Mellon DR Index Monthly Performance-March 2018
April 4, 2018--The BNY Mellon DR Index Monthly Performance for March 2018 report is now available.
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Source: BNY Mellon
Learnedly launches the ETF Proficiency Course for Canadian Mutual Fund Dealer Representatives
April 4, 2018--Learnedly has newly launched the ETF Proficiency Course, an exchange traded funds (ETF) training course that follows the curriculum requirements set out by the Mutual Fund Dealers Association of Canada (MFDA) that allow mutual fund representatives to satisfy the proficiency requirements to offer ETFs to clients.
"ETFs are a growing part of the investment landscape for Canadians," says John Waldron, Learnedly's founder. "We created this course to help more financial professionals have meaningful discussions with their clients about ETFs and how they can fit in a client's overall investment strategy."
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Source: Learnedly
Renaissance Capital-Scheduled U.S. IPOs this week
April 4, 2018--Scheduled U.S. IPOs-Week of 04/09/18
Zuora (ZUO)-San Mateo, CA
Deal Size: $100 mil Exchange: NYSE
Lead Underwriter: Goldman Sachs
Provides a cloud-based subscription billing and management platform. View more...
IPO Commentary
Spotify opens at $166 and declines to $149 on first day of trading
Spotify (SPOT) began trading on the NYSE on Tuesday. The stock opened at $165.90, a 38% premium to the $120.50 stock price used in the company's internal valuation in December and a 25% premium to the $132.50 high end... read more
IPO Index Performance
The Renaissance IPO Index has returned 1.1% so far this year,
compared to -0.4% for the S&P 500.
IPOUSA
IPO Activity
There have been 45 IPOs priced so far this year, a +55% change from last year.
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Source: Renaissance Capital
ETFGI reports that US-listed ETFs and ETPs suffered 10.6 billion US dollars net outflows during February 2018, the first outflows since January 2016
April 4, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that US-listed ETFs and ETPs suffered US$10.6 billion net outflows during February 2018, the first outflows since January 2016 and the largest monthly amount since January 2014, when net outflows were US$15.6 billion. Year-to-date net inflows reached US$68.2 billion at the end of February. (All dollar values in USD unless otherwise noted.)
Highlights
US-listed ETFs/ETPs suffered $10.6 Bn net outflows during February 2018, the largest since January 2014, which saw $15.6 Bn in net outflows
Equity ETFs/ETPs experienced $14.30 Bn net outflows, the largest since February 2016, with $15.2 Bn
SPDR ETFs experienced outflows of $25.3 Bn, the first since January 2015, when $26.7 Bn net outflows were recorded
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Source: ETFGI
ETFGI reports assets invested in ETFs and ETPs listed in Canada decreased by 4.06% during February 2018
April 4, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Canada decreased by a record US$4.94 billion during February 2018. The decrease of 4.06% from US$121.9 billion at the end of January 2018 to US$116.9 billion at the end of February, also represents the lowest growth in assets since January 2015, when assets decreased by 6.96% from US$66.1 billion to US$61.5 billion. (All dollar values in USD unless otherwise noted.)
Highlights
Due to market moves the assets invested in ETFs/ETPs listed in Canada decreased by 4.06%, or $4.94 Bn, during February to $116.9 Bn
Net new assets gathered by ETFs/ETPs listed in Canada were $2.11 Bn, the highest monthly net inflows since November 2017, which had $2.50 Bn
February 2018 marked the 5th consecutive month of net inflows into ETFs/ETPs listed in Canada
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Source: ETFGI
