Americas ETP News
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IMF Working paper-Investment in Brazil: From Crisis to Recovery
January 12, 2017--Summary:
While Brazil's deep recession has been broad based, it has been marked by a particularly large fall in investment. Real investment fell by around 30 percent between the beginning of 2014 and the beginning of 2017.
This paper finds that a variety of factors contributed to the investment decline, including a deterioration in Brazil's medium-term growth prospects, rising real interest rates, falling terms of trade, rising uncertainty related to economic policy, rising levels of corporate leverage and lower cash flow. Some of the factors that have weighed on investment over recent years have begun to normalize providing some impetus for a recovery. However, still-high levels of corporate leverage and the prospect of continued uncertainty related to economic policy settings suggest a turnaround in investment is likely to be subdued.
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Source: IMF
Thomson Reuters-U.S. Fund-Flows Weekly Report: Equity Funds and Taxable Bond Funds Drive Weekly Net Inflows
January 12, 2018--Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) grew their coffers by $21.4 billion for the fund-flows week ended Wednesday, January 10.
The lion's share of the net inflows went into equity funds (+$12.0 billion) and taxable bond funds (+$10.4 billion), while municipal bond funds received $1.1 billion.Money market funds were the only macro-group giving back net money for the week; they suffered net outflows of $2.2 billion.
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Source: Thomson Reuters
Solactive expands family of USD High Yield Corporates Indices
January 12, 2018-- Solactive expands family of USD High Yield Corporates Indices
Solactive is adding three new indices to its family of high yield corporate bond indices, which have been developed as the basis for three new Xtrackers ETFs issued this week and trading on the NYSE. The three indices are the Solactive USD High Yield Corporates Total Market 0-5 Year Index (SOLHYCST), the Solactive USD High Yield Corporates Total Market Low Beta Index (SOLHYCLB), and the Solactive USD High Yield Corporates Total Market High Beta Index (SOLHYCHB). Each index aims to offer exposure to different segments of the high yield corporate bond market denominated in USD.
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Source: Solactive AG
Barclays Announces Launch of 15 Commodity ETNs and Delisting of Certain Commodity ETNs
January 11, 2018--Barclays Bank PLC ("Barclays") announced today the launch of 15 exchange-traded notes (the "New ETNs") on the NYSE Arca exchange, each of which is designed to provide investors with exposure to the performance of a subindex of the Bloomberg Commodity Index Total ReturnSM.
Barclays also announced today that it plans to delist from the NYSE Arca exchange and suspend sales from inventory and further issuances of certain existing commodity ETNs (the "Existing ETNs" and, together with the New ETNs, the "ETNs"), effective after the close of trading on April 12, 2018 (the "Delisting Date").
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Source: Barclays
An Alleged Theft of a Billion-Dollar Fund Grips ETF World
January 11, 2018--Dispute over who owns a well-timed cybersecurity exchange-traded fund highlights the industry's complex behind-the-scenes mechanics
The alleged theft of exchange-traded funds worth $1.4 billion has raised an unusual question for the industry: Who owns an ETF anyway?
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Source: Wall Street Journal
Deutsche Asset Management Expands High Yield ETF Suite
January 11, 2018--New funds-SHYL, HYUP and HYDW-offer investors cost-effective, targeted exposure to the high yield bond market.
Deutsche Asset Management (Deutsche AM) today announced the addition of three Xtrackers exchange-traded funds (ETFs) to its high yield suite-Xtrackers Short Duration High Yield Corporate Bond ETF (NYSE Arca: SHYL), Xtrackers High Beta High Yield Bond ETF (NYSE Arca: HYUP) and Xtrackers Low Beta High Yield Bond ETF (NYSE Arca: HYDW).
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Source: Deutsche Asset Management
UBS Announces Launch of a New Socially Conscious Investment Strategy Focused on LGBT Employment Equality
January 11, 2018--UBS Investment Bank today announced the launch of the InsightShares LGBT Employment Equality ETF, the first in the series of exchange traded funds ("ETFs") issued under the "InsightShares" brand.
This cause-focused ETF offers the opportunity to invest in a socially conscious strategy. Created and offered by Exchange Traded Concepts, this ETF offers exposure to the UBS LGBT Employment Equality Index.
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Source: UBS Investment Bank
CFTC.gov Commitments of Traders Reports Update
January 11, 2018--The current reports for the week of January 9, 2018 are now available.
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Source: CFTC.gov
Renaissance Capital Scheduled U.S. IPOs
January 11, 2018--IPO Commentary
ADT is going public-here's a look at Apollo's last 3 IPOs
Home security firm ADT plans to raise $2 billion in its IPO and begin trading on Friday, January 19 (NYSE: ADT).
That's a quick turnaround for private equity backer Apollo Global Management (NYSE: APO),....
IPO Index Performance
The Renaissance IPO Index has returned 2.0% so far this year,
compared to 3.5% for the S&P 500.
IPOUSA
IPO Activity
There have been 2 IPOs priced so far this year
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Source: Renaissance Capital
First Trust US Equity Opportunities ETF (FPX) Exceeds $1 Billion in Net Assets
January 11, 2018--First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced that net assets for the First Trust US Equity Opportunities ETF (NYSE Arca: FPX) (formerly First Trust US IPO Index Fund) now exceed $1 billion.
FPX is an ETF with an investment objective to seek investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the IPOX®-100 U.S. Index (the "index"). The index measures the performance of the top U.S. companies ranked quarterly by market cap in the IPOX(R) Global Composite Index (the "composite index").
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Source: First Trust Advisors L.P.
