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DTCC Milestone: $11 Trillion in Derivatives Gets Closer to the Blockchain
October 20, 2017--The company that today settles the lion's share of U.S. securities is moving its flagship blockchain project out of the testing phase.
Revealed in an exclusive interview with CoinDesk, the DTCC reports that it has completed an early version of a blockchain that could one day support the trade of $11 trillion-worth of credit derivatives.
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Source: coindesk.com
Renaissance Capital Scheduled U.S. IPOs this week
October 20, 2017--Scheduled U.S. IPOs-Week of 10/23/17
IPO Index Performance
The Renaissance IPO Index has returned 31.5% so far this year,
compared to 14.4% for the S&P 500.
IPOUSA
IPO Activity
There have been 117 IPOs priced so far this year, a +33% change from last year.
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Source: Renaissance Capital
AdvisorShares Active ETF Report: Looking Through Q3
October 20, 2017--Assets in actively managed ETFs grew by $1.30 billion, or 3.3%, to $40.85 billion. The space realized a net increase of seven funds, which brought the total number of actively managed ETFs to 191. New provider Main Investments made a strong debut with $179 million in assets.
Asset flows in the overall ETF market continued their record pace during September with another $28 billion coming into both passive and active strategies, which elevated the 2017 total to $332 billion. Interestingly, domestic equities was not the top growing category last month; according to FactSet research, the fixed income category led with $11.3 billion in new assets, followed by $9.5 billion for international equity and $5.6 billion for domestic equity.
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Source: AdvisorShares
AGF Changes Name of QuantShares ETFs to AGFiQ ETFs
October 20, 2017--AGF Investments Inc. (AGF) (TSX:AGF.B) today announced that its lineup of QuantShares Exchange Traded Funds (ETFs) has been renamed to AGFiQ ETFs to bring greater alignment across its brands.
The new name also reflects the brain power of AGFiQ Asset Management, which launched in the U.S. marketplace in April 2017. AGFiQ’s intellectually diverse multi-disciplined team combines the complementary strengths of investment professionals from Highstreet Asset Management Inc. and FFCM LLC.
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Source: AGF Management Limited
Virtus Investment Partners and Wellington Management Introduce Virtus WMC Global Factor Opportunities ETF
October 19, 2017--Virtus ETF Solutions, an affiliate of Virtus Investment Partners, Inc. (NASDAQ: VRTS), today announced the launch of the Virtus WMC Global Factor Opportunities ETF (NYSE Arca: VGFO), subadvised by Wellington Management Company LLP.
"This new relationship allows Virtus to leverage Wellington Management's proprietary, independent research and vast expertise in global equities, as well as its advanced risk management platform, to structure a portfolio that adapts to an evolving economic climate," said William J. Smalley, executive managing director and head of product strategy and management, Virtus ETF Solutions."
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Source: Business Insider
RBC Global Asset Management launches five new income-oriented ETFs
October 19, 2017--RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of five new Exchange Traded Funds (ETFs).
The offering of the new RBC ETFs has closed and they will begin trading today on the Toronto Stock Exchange.
Four of these new ETFs leverage investment capabilities from the fixed income teams at RBC Global Asset Management, which includes Phillips, Hager & North Investment Management and BlueBay Asset Management, to provide Canadian ETF investors with access to a broad spectrum of expertise.
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Source: RBC Global Asset Management
The Forum at ETF Research Center-Insurers Drag Down Q3 S&P 500 Profits
October 19, 2017--With less than 20% of S&P 500 firms having reported 3Q17 results, it is still early in earnings season. However, by blending results from companies that have reported with the latest consensus estimates for firms that have yet to report we can get a broad idea of how overall index profits are likely to shape up for the third quarter.
The main conclusion as that while profits in the Energy sector (XLE) are rebounding, dramatically lower earnings among Insurance firms-and in many case losses-are dragging the whole Financial sector (XLF) down with it. Meanwhile Technology (XLK) remains one of the largest contributors to index earnings growth, as it has been in recent years.
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Source: AltaVista Research
AI Powered Equity ETF (AIEQ) Launches on NYSE Arca
October 18, 2017--First Exchange Traded Fund to apply artificial intelligence (AI) and machine learning throughout investment process
EquBot LLC, in partnership with ETF Managers Group (ETFMG), today debuted the world's first Exchange Traded Fund (ETF) powered by articificial intelligence: the AI Powered Equity ETF (NYSE Arca: AIEQ).
AIEQ is an active ETF built on EquBot's proprietary algorithms and is the world’s first artifical intelligence (AI) ETF, utilizing the cognitive and big data processing abilities of IBM WatsonTM to analyze U.S.-listed investment opportunities.
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Source: ETF Managers Group (ETFMG)
IndexIQ Launches Two Actively Managed Municipal Bond ETFs
October 18, 2017--MMIN and MMIT are IndexIQ's first actively managed ETFs and continue the expansion of the firm's innovative fixed income suite
IndexIQ Launches Two Actively Managed Municipal Bond ETFs
MMIN and MMIT are IndexIQ's first actively managed ETFs and continue the expansion of the firm's innovative fixed income suite
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Source: IndexIQ
Bernstein Announces Launch Of Two Exchange Traded Funds (ETFs) Based On Its Award-Winning Research
October 18, 2017--Bernstein U.S. Research ETF and Bernstein Global Research ETF Will Seek to Track Bernstein's Proprietary Indices Which Include Its "Outperform" Rated Stocks
Bernstein, Wall Street's highly regarded sell-side research and brokerage firm, today announced the launch of a new pair of exchange traded funds (ETFs)-the Bernstein U.S. Research Fund (BERN) and Bernstein Global Research Fund (BRGL) by Exchange Traded Concepts, LLC.
The ETFs will seek to track the Bernstein U.S. Research Index (BERNUSQT) and the Bernstein Global Research Index (BERNGLQT), respectively, which include stocks that are rated "outperform" by Bernstein's highly regarded research analysts, and are highly rated in the firm's pioneering quantitative alpha model.
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Source: AllianceBernstein Holding L.P