Americas ETP News
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Everyone Calls Bitcoin Investment Trust An ETF, But It's Not; Here's What It Is
February 2, 2018--With the Securities and Exchange Commission shooting down every Bitcoin ETF idea that crosses its desk so far, investors have turned to Bitcoin Investment Trust (GBTC) as a way of gaining exposure to the cryptocurrency.
Although many publications call GBTC an ETF, it's not-it's a grantor trust. It is not registered with the SEC under the Investment Company Act of 1940 and it doesn't trade on an exchange.
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Source: Investor's Business Daily,
Evolve ETFs Announces Filing of Preliminary Prospectus for Actively Managed Blockchain ETF
February 2, 2018--Evolve Funds Group Inc. ("Evolve ETFs") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for an actively managed ETF that focuses on blockchain technologies, Evolve Blockchain ETF ("LINK").
LINK is designed to provide Canadian investors with an actively managed portfolio of equity securities that are involved in the development and utilization of blockchain and other distributed ledger technologies.
"Blockchain technology is poised to disrupt virtually every business and industry," said Raj Lala, President & CEO of Evolve ETFs.
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Source: Evolve ETFs
KraneShares MSCI All China Health Care ETF (NYSE: KURE) Lists on the New York Stock Exchange
February 2, 2018--Krane Funds Advisors, LLC, ("KraneShares") a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs) and innovative China investment strategies, announced the launch of the KraneShares MSCI All China Health Care Index ETF (NYSE: KURE) listed on the NYSE.
KURE tracks the performance of MSCI China All Shares Health Care 10/40 Index which includes publicly listed companies in Mainland China, Hong Kong and United States that are involved in the healthcare industry, specifically: patent and generic pharmaceuticals, hospital administration, biotechnology, medical equipment production, healthcare IT, and traditional Chinese medicine.
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Source: Krane Funds Advisors, LLC
FTSE Russell launches FTSE Women on Boards Leadership Index Series
February 2, 2018--Index series designed to integrate leadership in gender diversity and social impact into a broad market benchmark
Reflects desire from investors to engage businesses on improving their gender diversity
Factor-based approach increases exposure to companies demonstrating diversity leadership
FTSE Russell today announced the creation of the FTSE Women on Boards Leadership Index Series. The new index series increases exposure to companies based on the strength of their gender diversity leadership at the board level in addition to how well they manage their wider social impact. This is achieved by adopting a factor based approach, tilting stocks to overweight or underweight depending on their gender diversity at board level and social impact score.
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Source: FTSE Russell
Scheduled U.S. IPOs this week
February 2, 2018--Scheduled U.S. IPOs-Week of 02/05/18
IPO Commentary
January IPOs raise $9 billion in record-breaking start to 2018
The IPO market had the biggest January on our records (25+ years) by IPO proceeds and tied 2014's record-high by...
IPO Index Performance
The Renaissance IPO Index has returned 1.4% so far this year,
compared to 5.5% for the S&P 500.
IPOUSA
IPO Activity
There have been 20 IPOs priced so far this year, a +82% change from last year.
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Source: Renaissance Capital
CFTC.gov Commitments of Traders Reports Update
February 2, 2018--The current reports for the week of January 30, 2018 are now available.
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Source: CFTC.gov
Harvest Announces Final Filing of the Prospectus for Canada's First Blockchain ETF, Blockchain Technologies ETF (HBLK)
February 1, 2018--Harvest Portfolios Group Inc. ("Harvest") is pleased to announce that a final prospectus has been filed with the Canadian securities regulators for Canada's first blockchain ETF, Blockchain Technologies ETF ("HBLK").
This innovative ETF is designed to provide Canadian investors access to the developing blockchain technology sector. Upon fulfilling all the listing requirements, HBLK will be listed on the Toronto Stock Exchange.
HBLK seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Harvest Blockchain Technologies Index. HBLK invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.
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Source: Harvest Portfolios Group Inc.
NYSE's Record-Breaking January Across IPOs and ETFs Opens 2018
February 1, 2018--The New York Stock Exchange (NYSE), a wholly owned subsidiary of Intercontinental Exchange (NYSE:ICE), reached three historic milestones in January that amplified its leadership as the world’s premier stock exchange:
$8.5 billion in capital raised from 11 new IPOs resulted in the best January in the New York Stock Exchange's 225 year history.
38 of the last 38 large IPOs, defined by raising $700 million or more, have listed on the New York Stock Exchange, a streak that began in 2014. Large listings in January included ADT Inc. (NYSE: ADT) at $1.47 billion, Americold Realty Trust (NYSE: COLD) at $724.8 million, Hudson Ltd. (NYSE: HUD) at $748.9 million, PagSeguro Digital Ltd. (NYSE: PAGS) at $2.27 billion, and VICI Properties, Inc. (NYSE: VICI) at $1.2 billion.
34 new exchange traded funds (ETFs) listed on NYSE Arca, representing $4.2 billion in assets under management, and 83 percent of U.S. new listings. This contributed to the exchange's strongest January in ten years.
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Source: NYSE Group
Active Managers Offer Institutional Funds to Reduce Fees, According to Broadridge Financial Solutions
February 1, 2018--Focus on lower fees drives the growth of institutionally priced active funds
Institutionally priced funds gathered over $600 billion of net new fund flows in 2017, according to data released today by Broadridge Financial Solutions, Inc. (NYSE: BR).
At the end of 2017, 50 percent of actively managed institutional fund assets were from retail channels-registered investment advisors (RIAs), broker/dealers and online - with the remaining 50 percent from institutional channels-bank, private bank and trust. The amount of retail assets invested in institutional funds was less than 37 percent at the end of 2012, but has steadily increased over the past five years.
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Source: Broadridge Financial Solutions, Inc.
TD Wealth executive moving to Som Seif's Purpose Investments-The Globe and Mail
February 1, 2018--TD Wealth executive Jeff Gans is stepping down from his bank role to join ETF pioneer Som Seif's Purpose Investments.
Jeff Gans, vice-president of Private Wealth Management at TD Wealth, will be leaving the firm as of Feb. 9. Mr. Gans joined the bank in 2012.
Prior to his current role, Mr. Gans was the head of TD Wealth Private Investment Advice, where he was responsible for managing approximately 1,100 investment advisers.
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Source: shorttermwealth.com
