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Renaissance Capital Scheduled U.S. IPOs this week
October 27, 2017--Scheduled U.S. IPOs-Week of 10/30/17
IPO Commentary
US IPO Weekly Recap: 4 growth IPOs price above the range and average a first day pop of 20%
Four growth deals all priced above their respective ranges and traded up on their market debut.
Notably, next-generation database company MongoDB priced above its upwardly-revised midpoint and...
IPO Activity
There have been 123 IPOs priced so far this year, a +31% change from last year.
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Source: Renaissance Capital
First reading on third-quarter GDP up 3.0%, vs 2.5% rise expected
October 27, 2017--The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter.
An increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.
Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter
The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.
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Source: CNBC.com
CFTC.gov Commitments of Traders Reports Update
October 27, 2017--The current reports for the week of October 24, 2017 are now available.
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Source: CFTC.gov
Startup Exchange Cleared to Take on NYSE, Nasdaq for Stock Listings
October 26, 2017--IEX gets regulatory approval to being listing companies; about a half dozen companies expected to switch
Upstart stock exchange IEX Group Inc. received regulatory approval this week to list companies, paving the way for the first competition to the New York Stock Exchange and Nasdaq Inc. in nearly a decade.
IEX said it plans to start listings early next year and will focus on getting companies to switch from the incumbent exchanges. It hopes eventually to pursue initial public offerings.
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Source: Wall Street Journal
Cboe Welcomes New iShares Fund to ETF Marketplace
October 26, 2017--Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE), a leader in exchange-traded
product (ETP) trading globally, today welcomed a new iShares fund to the Cboe ETF Marketplace.
The iShares Broad USD High Yield Corporate Bond ETF (Cboe: USHY) seeks to track more high yield investable
opportunities than any other U.S.-listed high yield ETF available.
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Source: Cboe Global Markets
VictoryShares Introduces High Dividend Emerging Market ETF
October 26, 2017--New ETF Seeks to Provide Risk-Aware, High Income Approach to Investing in Emerging Markets
Victory Capital announced that it has launched the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY), which began trading on the Nasdaq Stock Market(R) today.
The new ETF offers exposure to high dividend-yielding emerging market stocks and seeks to provide investment results that track the performance of the CEMP Emerging Market High Dividend 100 Volatility Weighted Index, before fees and expenses.
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Source: Victory Capital
USAA Launches Portfolio Of Smart Beta And Fixed Income Exchange Traded Funds (ETFs)
October 26, 2017--First USAA-branded ETFs to focus on factor-based equity funds and actively-managed fixed income funds
USAA announced today the initial trading of its first USAA-branded exchange traded funds (ETFs) on NYSE Arca.
Consisting of four smart beta equity ETFs and two fixed income ETFs, the new suite of funds are built as core portfolio-building solutions and provide investors more investment choices at a competitive entry point.
The smart beta equity ETFs strategy is to focus on two primary factors: value and momentum, which identify stocks with attractive valuations and positive price momentum. The strategy includes holdings that are weighted in such a way to help diversify the risk of the individual holdings.
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Source: USAA
EcoLogical Strategy ETF Celebrates Five-Year Anniversary
October 26, 2017--EcoLogical Strategy ETF (NYSE Arca: HECO), an actively managed ETF focused on investing in the "greenest" companies, recently celebrated its five-year anniversary. The Fund has consistently outperformed its index since inception, confirming the research that ecological investing has been a solid investment strategy.
HECO is ranked in the top 1% of its category for the Morningstar Sustainability Rating.
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Source: digitaljournal.com
Barclays Announces Successor Index to the Barclays Global Carbon Index Total ReturnTM
October 26, 2017--Barclays Global Carbon Index Total ReturnTM is the underlying index to the iPath(R) Global Carbon ETN (Ticker: GRN)
On October 23, 2017, Barclays Bank PLC as index sponsor (the "Index Sponsor") of the Barclays Global Carbon Index Total ReturnTM (the "Original Index"), announced that the Original Index will be retired effective October 27, 2017.
The iPath(R) Global Carbon ETN (the "ETNs") are currently linked to the performance of the Original Index. The Original Index is being replaced with a successor index, the Barclays Global Carbon II TR USD Index (the "Successor Index") effective after the close of October 27, 2017. Pursuant to the terms of the ETNs, Barclays Bank PLC as calculation agent on the ETNs has approved the Successor Index as a successor index for the ETNs following the discontinuation of publication of the Original Index.
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Source: Barclays
Treasury Releases Third Report On The Administration's Core Principles For Financial Regulation
October 26, 2017--The U.S. Department of the Treasury today released a report that examines the current regulatory framework for the asset management and insurance industries and makes recommendations to ensure the regulatory framework is aligned with the Administration's Core Principles for financial regulation.
Treasury's evaluation focuses on four key areas: the proper evaluation of systemic risk, ensuring effective regulation and government processes, rationalizing international engagement, and promoting economic growth and informed choices.
view the U.S. DEPARTMENT OF THE TREASURY report-A Financial System That Creates Economic Opportunities Asset Management and Insurance
Source: US Department of the Treasury