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Toroso-ETF Prism Report Newsletter
Moving Towards Low Volatility: Which ETFs Make the Cut?
September 1, 2016--Toroso began 2016 with the premise that markets would be more volatile without government stimulus; which proved true so far and is likely to continue.
In response, many investors have moved into low volatility products and ETFs. However, finding the right one requires a disciplined research process.
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Source: Toroso Investments
Renaissance Capital's Fall 2016 US IPO Preview
September 1, 2016--Year-to-date, 59 IPOs have raised $9.8 billion, 56% fewer offerings than last year and the lowest level of IPO activity since 2009. Yet the IPO market appears ripe for a pickup in activity.
The average IPO in 2016 is up 32% from its offer price (45% excluding biotechs), and 81% of deals are trading above issue (95% ex-biotech). The Renaissance IPO Index has rebounded 32% from its February low and broader markets have rallied. At the same time, volatility has declined and a spate of IPO filings hit at the end of August. The IPO market has averaged 10 deals per month since April, a pace that could slightly accelerate post-Labor Day, putting the year on track for close to 100 IPOs. Activity should be highest in September and October, followed by narrower windows of opportunity around the US election and holiday season.
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Source: Renaissance Capital
OCC Cleared Contract Volume Down 24 Percent in August
September 1, 2016--Securities Lending CCP Activity Grew 35 Percent in August and 41 Percent Year-to-Date
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in August was 331,447,840 contracts, down 24 percent from August 2015 record volume of 434,313,474 contracts.
OCC's year-to-date average daily cleared contract volume is down three percent from 2015 with 16,375,448 contracts in 2016.
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Source: OCC
SEC steps up scrutiny of adviser use of social media
September 1, 2016--New rule to include site information on Form ADV part of evolving regulations on the web tool
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Source: investmentnews.com
Deutsche Bank Announces Expected Delisting of DB Base Metals Long Exchange Traded Notes ("BDG')
September 1, 2016--Deutsche Bank today announced that it expects the staff of the New York Stock Exchange Arca (the "NYSE Arca") to commence proceedings to delist the DB Base Metals Long Exchange Traded Notes (the "ETN"; ticker "BDG") from the NYSE Arca, because the ETN has fallen below the NYSE Arca's continued listing standard requiring the ETN to maintain an aggregate market value of at least $400,000
As previously announced, further issuances of the ETN were suspended on January 1, 2016.
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Source: Deutsche Bank
USCF promotes Andrew Ngim to COO and Kevin Baum to CIO
September 1, 2016-- USCF today announced two key promotions within the company's senior management team.
Andrew Ngim, Principal and Portfolio Manager, has been promoted to Chief Operations Officer; and Kevin Baum, formerly Portfolio Manager, has been promoted to Chief Investment Officer.
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Source: USCF
Barclays announces reduction in investor fees on BCM ETNs
September 1, 2016--Notice regarding reduction in investor fees of the iPath(R) Pure Beta Broad Commodity Exchange Traded Notes
Barclays Bank PLC ("Barclays") today announced a reduction in the investor fee rate applicable to the iPath(R) Pure Beta Broad Commodity Exchange Traded Notes (the "ETNs").
The ETNs currently trade on the NYSE Arca stock exchange under the ticker symbol "BCM".
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Source: Barclays
PureFunds ETFx HealthTech ETF Launches
August 31, 2016--IMED invests in highly innovative healthcare technology solution providers
)ETF Managers Group in partnership with PureFunds today debut their newest fund, the PureFunds ETFx HealthTech ETF (IMED).
Trading on the Nasdaq, IMED invests in companies that are providing new solutions and transformative technology to the healthcare and medical industries. All of its 60 constituents are engaged in healthcare informatics, medical instruments and/or medical appliances.
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Source: PureFunds/ETF Managers Group
PureFunds Solactive FinTech ETF Launches on NASDAQ
August 31, 2016--FINQ Focuses on the Transformative FinTech Industry
ETF Managers Group in partnership with PureFunds today debuted their newest fund, the PureFunds Solactive FinTech ETF (FINQ).
Trading on the NASDAQ, FINQ invests in global companies disrupting the multi-trillion dollar financial industry by offering technology-based solutions designed to revolutionize how financial industry firms interact with their customers and run their businesses.
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Source: PureFunds/ETF Managers Group
SEC scrutinizing more sellers of F-Squared portfolios based on bad performance
August 31, 2016--After charging 13 firms for using discredited marketing claims from the now-defunct investment adviser F-Squared, the Securities and Exchange Commission said it is looking more broadly at other companies that used a portfolio strategy for exchange-traded funds (ETFs) whose claims of market-beating results were based on false data.<
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Source: Reuters
