Americas ETP News
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State Street Combines Quantitative Power of Machine Learning with Human Expertise to Launch Quantextual Idea LabSM
September 20, 2017--Research Management Solution Delivers Accelerated Insights, Allows Investors to Review Research Consumption, Helps Optimize Research Spend
nvestment professionals today are inundated with research reports from the sell side, the buy side and academia. Top financial research teams can produce enough content to consume 24 reams or 12,000 sheets of paper per day1. To help address this information overload, State Street (NYSE:STT) has launched Quantextual Idea LabSM, which combines the power of machine learning with the knowledge of human experts in order to help investment professionals efficiently read and interpret lengthy research reports, and apply relevant findings to their investment strategies.
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Source: State Street Corporation
Evolve North American Gender Diversity Index ETF (TSX: HERS) and Evolve Cyber Security Index ETF (TSX: CYBR) Begin Trading on the TSX
September 20, 2017--Evolve Funds Group Inc. ("Evolve Funds") is pleased to announce the launch of the following first-of-its-kind ETFs in Canada ("Evolve ETFs"):
Canada's first Gender Diversity ETF
The Evolve North American Gender Diversity Index ETF ("HERS"); and
Canada's first Cyber Security ETF The Evolve Cyber Security Index ETF ("CYBR")
The Evolve ETFs have closed their initial offering of hedged and unhedged units and will begin trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbols:
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Source: Evolve Funds Group Inc.
Global X Funds' Robotics and Artificial Intelligence ETF (BOTZ) Crosses $450 Million at One-Year Anniversary
September 19, 2017--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today celebrated the one-year anniversary of the launch of the Global X Robotics and Artificial Intelligence ETF (BOTZ).
BOTZ has received considerable interest from investors in its first year, having surpassed $450m in assets under management.1 BOTZ launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index.
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Source: Global X
IMF Working paper-Policy Mix and the US Trade Balance
September 19, 2017--Summary:
The strong US policy response to the 2008-09 financial crisis raised concerns about its impact (spillovers) on other countries, with great focus on the monetary stimulus but little attention to fiscal policy, despite their combined deployment. Using a sign-restricted structural VAR approach, we study the trade spillovers of the post-crisis policy mix, by assessing the joint impact of monetary and fiscal policy.
We find that aggregate trade effects, as reflected in the trade balance, varied across time, reflecting the different timing of fiscal and monetary stimuli, with overall positive spillovers in the immediate aftermath of the crisis. At the same time, reflecting the different transmission mechanisms of monetary policy, we find that the effects differed greatly between trading partners with fixed and flexible exchange rates. In general, our results highlight (i) the importance of studying fiscal and monetary policy spillovers jointly in order to avoid attenuation bias from omitted variables; and (ii) that trading partners' exchange rate regimes are of first order importance in determining the impact of policy spillovers.
view the IMF Working paper-Policy Mix and the US Trade Balance
Source: IMF
TETFIndex.com Weekly Review-US ETF Assets Surpass 3 Trillion Dollars!
September 9, 2017--ETFs continue to shine, surpassing $3 Trillion in overall assets. After setting record flows for each of the past 3 years (2014-2016), flows in ETFs thus far in 2017 have already set the record again, with over $300 billion in flows year to date.
ETFs saw flows of $241B in 2014, $245B in 2015 and $288B in 2016. Even with these flows, ETFs still only make up 18% of the ETF & Mutual Fund Space in the US.
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Source: Toroso
ETFGI reports assets invested in ETFs and ETPs listed in Canada have increased 26.6% in 2017 to reach a new record of 107 billion US dollars at the end of August 2017
September 19, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF and ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Canada have increased 26.6% in the first 8 months of the year to reach a new record of US$107 billion at the end of August 2017, according to ETFGI's August 2017 preliminary Canadian ETF and ETP industry insights report an annual paid for research subscription service.
The Canadian ETF industry had 516 ETFs, with 636 listings, assets of US$107 Bn, from 24 providers on 2 exchanges.
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Source: ETFGI
Insurer Nationwide Enters the ETF Arena
September 19, 2017--Nationwide Mutual Insurance Co. has stepped into the exchange traded fund game, launching three smart beta ETF strategies that try to help limit the negative effects of market volatility.
The insurance giant rolled out the Nationwide Risk-Based U.S. Equity ETF (NYSEArca: RBUS),...
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Source: Nasdaq.com
Toronto Stock Exchange and TSX Venture Exchange-MiG Report-August 2017
September 19, 2017--New Listing* Count:
180 (TSXV: 84 TSX: 96)
(*Includes IPOs, CPC/SPAC IPOs, QTs, QAs, RTOs, Graduates and Other)
98 Companies + 19 CPCs + 58 ETFs + 3 Closed-End Funds + 2 SPACs
listed on TSX Venture Exchange (84) and TSX (96) YTD August 2017
view the Toronto Stock Exchange and TSX Venture Exchange-MiG Report-August 2017
Source: TMX Group
Treasury International Capital Data For July
September 18, 2017--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2017. The next release, which will report on data for August 2017, is scheduled for October 17, 2017.
The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $7.3 billion. Of this, net foreign private inflows were $6.0 billion, and net foreign official outflows were $13.3 billion.
view more Bloomberg Intelligence-If Internet Bubble's a Guide, Peak Bitcoin Favors Gold request report
Source: treasury.gov
September 18, 2017--Potential Dollar, Bitcoin Peaks Revive Old-Guard Gold's Appeal
If the apex of the internet bubble is a guide, bitcoin has peaked. In a weak dollar and
cryptocurrency environment, old-guard gold should be a primary beneficiary, especially if inflation is finally
brewing. A mean-reverting CBOE Volatility Index (VIX) would be another pillar for gold. (09/15/17)
1. This Could Be It for Bitcoin Peak, With NASDAQ 1996-2000 a Guide
Showing similar signs to the final run of the internet bubble, it's likely that cryptocurrency bitcoin has peaked. Until
the recent correction, the past four years of bitcoin gains about matched the parabolic NASDAQ Composite rally
from 1996-2000. There are few historical comparisons to cryptocurrency, but 2013-to-present bitcoin movement
is comparable over a similar duration vs. 2000's NASDAQ peak. From Bitcoin's peak on Nov. 29, 2013, it rallied
329% to Sept. 1.
Source: Mike McGlone, Bloomberg Intelligence Commodity Strategist
