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Global X Funds Announces Fund Liquidations
September 22, 2017--Global X Funds, the New York-based exchange-traded funds provider, today announced it will close the following funds: the Global X Brazil Mid Cap ETF (BRAZ), the Global X Brazil Consumer ETF (BRAQ), the Global X Guru® Activist Index ETF (ACTX), the Global X Guru® International Index ETF (GURI), the Global X Permanent ETF (PERM), the Global X Junior MLP ETF (MLPJ), and the Global X FTSE Andean 40 ETF (AND).
Shareholders may sell their holdings in the Funds prior to the end of the trading day on Friday, October 6, 2017 and customary brokerage charges may apply to these transactions. The Funds will cease trading at the close of regular trading on Friday, October 6, 2017.
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Source: Global X
CFTC.gov Commitments of Traders Reports Update
September 22, 2017--The current reports for the week of September 19, 2017 are now available.
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Source: CFTC.gov
Renaissance Capital Scheduled U.S. IPOs this week
September 22, 2017--Scheduled U.S. IPOs-Week of 09/25/17.
IPO Activity
There have been 100 IPOs priced so far this year, a +41% change from last year.
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Source: Renaissance Capital
U.S. Fund-Flows Weekly Report: Funds Suffer Overall Net Outflows Driven by Money Market Funds
September 22, 2017--Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) experienced net-negative flows of $9.8 billion for the fund-flows week ended Wednesday, September 20.
All the weekly net outflows were attributable to money market funds (-$18.2 billion); every other fund macro-group took in net new money. Taxable bond funds (+$7.0 billion) were responsible for the lion's share of the net-positive flows, while equity funds and municipal bond funds contributed $803 million and $574 million, respectively, to the total net inflows.
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Source: Thomson Reuters Lipper
Evolve Funds Group Inc. Announces Filing of Preliminary Prospectus for Canada's First Bitcoin ETF
September 22, 2017--Evolve Funds Group Inc. ("Evolve Funds") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for Canada's first cryptocurrency ETF, Evolve Bitcoin ETF ("BITS").
This new Evolve ETF is designed to provide Canadian investors with indirect exposure to the world's first decentralized currency.
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Source: Business Insider
Investment Adviser Association to form active managers council
September 21, 2017--Group will lobby to stave off rise of cheap passive funds
The Investment Adviser Association, representing more than 600 US asset managers, trusts, pension plans, endowments and financial advisers that together manage about $20tn, plans to launch a council dedicated to defending active money management later this year.
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Source: FT.com
RBC Global Asset Management selects FTSE Russell indexes for seven new ETFs for Canadian investors
September 21, 2017--Global equity & fixed income indexes from FTSE Russell in seven new RBC ETFs
FTSE Russell continues to build Canada retail presence and partner relationships
RBC GAM relationship shows growing multi-asset capabilities for FTSE Russell
FTSE Russell today announces that RBC Global Asset Management (RBC GAM) has selected seven FTSE Russell indexes, including the recently acquired Citi World Government Bond Index, as benchmarks for RBC's new equity and fixed income index ETF offerings, which began trading on the Aequitas NEO Exchange today.
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Source: RBC GAM
WisdomTree Canada Expands Product Suite with Addition of Three New Funds
September 21, 2017--New equity offerings provide investors with efficient access to diverse sectors and markets 21, 2017--
WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada") today announced the launch of three equity funds, the WisdomTree Canada Quality Dividend Growth Index ETF ("DGRC"), WisdomTree Emerging Markets Dividend Index ETF ("EMV.B") and WisdomTree U.S. MidCap Dividend Index ETF ("UMI" and "UMI.B") (collectively the "Funds").
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Source: WisdomTree Investments, Inc.
Federal Reserve weans US off stimulus
End of an era as financial crisis measure is put into reverse
September 21, 2017--The US Federal Reserve is to put its multitrillion-dollar quantitative easing programme into reverse almost nine years after it was implemented to shore up the economy at the height of the financial crisis.
The Fed's policymaking committee announced last night that the central bank would begin to trim its $4.5 trillion asset portfolio next month, marking the end of an era of unprecedented intervention.
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Source: The Times