Americas ETP News
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James Investment Research Introduces James Biblically Responsible Investment ETF (JBRI)
December 20, 2017--JBRI Merges James' Successful Investment Strategy with Biblically Responsible Investing
James Investment Research Inc., known for its 40-year history of providing principles-driven investment management products is expanding with the addition of its first ETF, the James Biblically Responsible Investment ETF (JBRI). JBRI applies James' time-tested multi-factor stock selection methodology to the growing world of biblically responsible investing.
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Source: James Investment Research
GraniteShares Acquires HIPS ETF
December 18, 2017--GraniteShares seeks to establish benchmark for high income pass-through securities with acquisition
GraniteShares, a new kind of ETF company, has acquired the HIPS US High Income ETF (NYSE Arca: HIPS), just weeks before the fund hits the crucial three-year trading mark.
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Source: GraniteShares
AdvisorShares Weekly Market Review-Good News, Bad News, News We Don't Understand? Market Up!
December 18, 2017--Highlights of the Prior Week Ending 12/15/2017
Macro
Stop us if you've heard this one before; the stock market went up last week. We will double check but we think that is 700 weeks in a row (lame humor attempt). The Dow Jones Industrial Average was up 1.30%, the S&P 500 gained 0.89%, the NASDAQ rallied 1.37% and the Russell 2000 was good for 0.56%.
At close to 20% YTD for the S&P 500, the index is likely to close out the year up a lot. The stock market has an up year almost 75% of the time but it doesn’t necessarily go up a lot like it has in 2017 all that often.<>view more
Source: AdvisorShares
Bitcoin ETF providers see new hope for approval
December 18, 2017--Fund managers seek U-turn by regulators after start of cryptocurrency futures trading
Bitcoin mania has reignited a race to launch an exchange traded fund in the US that would track the volatile cryptocurrency.
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Source: FT.com
Bitcoin Takes Bigger Wall Street Stage With Smooth CME Debut
December 18, 2017--Trading follows similar offering by Cboe exchange a week ago
CME futures off to faster start as underlying bitcoin climbs
The world's biggest exchange just joined the bitcoin revolution.
Bitcoin futures started trading Sunday night at CME Group Inc.'s venue, a week after Chicago rival Cboe Global Markets Inc. introduced similar derivatives on the volatile cryptocurrency.
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Source: Bloomberg
Three Shares Traded on TASE Join Today Israeli Global Hi-Tech Companies Index: TA-BIGITech(R)
December 17, 2017--Following the update the Index includes 77 Companies with an Aggregate Market Cap of $89 Billion
BlueStar Indexes(R) announced the semiannual update of the TASE-BlueStar Israel Global Technology IndexTM-TA-BIGITechT(R)-that includes the Israeli, or Israeli-linked hi-tech companies, traded in the Tel-Aviv Stock Exchange (TASE) and/or abroad.
Following the index update that will come into effect, today December 17th, 2017, the index will include 77 companies with an aggregate market cap of approximately $89 billion. 42 of the companies are traded only overseas (in the U.S., London, Australia Singapore and Hong-Kong), 26 companies are dual-listed, and 9 are traded only in the TASE.
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Source: TASE
CFTC Launches Virtual Currency Resource Web Page
December 15, 2017-- The Commodity Futures Trading Commission (CFTC) today launched a virtual currency resource Web page, cftc.gov/bitcoin. This dedicated page is a central repository for Commission-produced resources about virtual currency, and is designed to educate and inform the public about these commodities, including the possible risks associated with investing or speculating in virtual currencies or recently launched Bitcoin futures and options.
The newly launched Web page provides quick access to the CFTC's virtual currency primer; CFTCTalks podcast episode featuring CFTC staff discussing virtual currencies; LabCFTC, the Commission's FinTech effort; and a fact sheet explaining the CFTC's role in oversight of virtual currencies.
view the CFTC Customer Advisory: Understand the Risks of Virtual Currency Trading
Source: CFTC.gov
CFTC Issues Proposed Interpretation on Virtual Currency "Actual Delivery" in Retail Transactions
December 15, 2017--The Commodity Futures Trading Commission (CFTC) today announced a Proposed Interpretation concerning its authority over retail commodity transactions involving virtual currency, such as bitcoin.
Specifically, the Proposed Interpretation sets out the CFTC's view regarding the "actual delivery" exception that may apply to virtual currency transactions. The Proposed Interpretation is open for public comment for 90 days from publication in the Federal Register.
Section 2(c)(2)(D) of the Commodity Exchange Act (CEA) provides the CFTC with direct oversight authority over "retail commodity transactions"-defined as agreements, contracts or transactions in any commodity that are entered into with, or offered to retail market participants on a leveraged or margined basis, or financed by the offeror, the counterparty or a person acting in concert with the offeror or counterparty on a similar basis.
view the Retail Commodity Transactions Involving Virtual Currency Proposed Interpretation
Source: CFTC.gov
2017 IPO Market: Good, But Not Great
December 15, 2017--The 2017 IPO market delivered 160 deals, 50% more IPOs than 2016, with proceeds nearly doubling to $36 billion. Driving activity were biotechs, technology and the return of Chinese issuers. However, given the underlying strength in the broader stock market, the activity level should have been higher.
Holding back issuance, we believe, were uncertainties over the massive tax overhaul and the disappointing debuts of technology unicorns Snap and Blue Apron. The average IPO returned 21%, respectable by historic standards, but only in line with the broader market indexes. The main contributors to IPO performance were biotech and technology, some with spectacular returns, such as AnaptysBio, Argenx and Roku, partly offset by a large number of conspicuous underperformers, such as Blue Apron, Qudian, and Altice USA, all of which had company-specific fundamental issues.
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Source: Renaissance Capital
Renaissance Capital Scheduled U.S. IPOs
December 15, 2017--Scheduled U.S. IPOs-Week of 12/15/17
IPO Index Performance
The Renaissance IPO Index has returned 33.7% so far this year, compared to 18.5% for the S&P 500.
IPOUSA
IPO Activity
There have been 158 IPOs priced so far this year, a +50% change from last year.
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Source: Renaissance Capital
