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Single-Stock Fund Frenzy Sends ETF Issuance to Fastest Pace Ever
September 6, 2022--Unfazed by the rout in markets this year, the booming exchange-traded fund industry is pumping out new products to US investors at an unprecedented pace -- and with more to come as issuers race to cash in on a new category of single-stock ETFs.
In the first eight months of this year, 273 funds have debuted, exceeding the number of launches during the same period in previous years, according to data compiled by Bloomberg. The amount has eclipsed even the 259 launches in the first eight months of last year, when record flows rushed into ETFs as investors chased a surging bull market.
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Source: bnnbloomberg.ca
World Economic Forum-How much did supply constraints boost US inflation?
September 5, 2022--The recent inflation surge remains a huge topic of debate among academics and policymakers.
US analysts have created a research framework that allows them to quantify the effects of the pandemic on inflation, as well as decompose the contribution of demand- and supply-side factors.
Inflation in the US would have been lower at the end of 2021 without supply chain problems, their findings suggest.
It is possible that the ongoing easing of bottlenecks will cause a substantial drop in inflation in the near term, the researchers say.
What factors are behind the recent inflation surge has been a huge topic of debate amongst academics and policymakers. We know that pandemic-related supply constraints such as labor shortages and supply chain bottlenecks have been key factors pushing inflation higher. These bottlenecks started with the pandemic (lockdowns, sick workers) and were made worse by the push arising from increased demand caused by very expansionary fiscal and monetary policy.
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Source: weforum.org
The housing market slowdown, explained in 7 charts
September 4, 2022--It's becoming harder for buyers and renters to afford housing with steep mortgage rates and ultra-high prices.
After mortgage rates hit record lows during the pandemic, driving up demand for new homes and pushing up listing prices, the housing market is now slowing down.
That's good news for buyers who can afford to stay in the market. But many prospective buyers are being priced out as high mortgage rates and steep prices make it unaffordable for some to purchase a new home. At the same time, new home construction has decreased as builders become warier of falling demand - and rent prices have continued to increase.
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Source: vox.com
Hamilton ETFs Launches Hamilton Enhanced Utilities ETF
September 2, 2022--Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the launch of the Hamilton Enhanced Utilities ETF ("HUTS" or the “ETF”).
HUTS has closed the offering of its initial Class E Units and units of the ETF will begin trading on Tuesday, September 6, 2022, on the Toronto Stock Exchange ("TSX") under the ticker symbol “HUTS”.
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Source: Hamilton Capital Partners
'Anti-woke' and sin ETFs could get caught up in SEC rules scrutiny
September 1, 2022--The MAGA, Vice and BAD ETFs would be impacted by ESG Funds and Names Rule changes, if adopted.
All registered funds would have to comply with the ESG Funds and Names Rule proposals, if passed as floated, analysts say- including mutual funds and ETFs that take aim at the mainstream environmental, social and governance investing movement.
All ETFs - including the MAGA ETF, Vice ETF, BAD ETF and the not-yet-launched God Bless America ETF-would be required to align 80 per cent of their portfolios with their names, if the proposed amendments are enacted.
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Source: ft.com
Stark differences revealed under the bonnet of clean energy ETFs
August 30, 2022--An analysis of the offerings the funds provide show how important it is to look beyond the name
The invasion of Ukraine, surging oil prices and devastating evidence of climate change are likely to have helped contribute to the sustained demand for clean energy funds this year, even as broader environmental, social and governance (ESG) portfolios have seen their popularity ebb amid the wider sell-off in growth stocks.
That is despite some mixed short-term performance: most of the broad clean energy funds discussed in this piece are slightly down or flat for the year to August 11 if we look at local currency returns, although the strength of the US dollar has translated into some big gains for sterling investors in many cases. It is only the Invesco Global Clean Energy Ucits ETF (GCLX) that is still notably down over the period in sterling terms.
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Source: ft.com
NEOS Investments Launches Suite of Next Evolution Options Income ETFs
August 30, 2022---Founded by Options-based ETF pioneers, NEOS ETFs are designed to offer tax-efficient monthly income while providing exposure to core portfolio building blocks
NEOS Investments ("NEOS"), a global asset manager led by a highly experienced team that previously built and grew numerous options-based ETFs currently in the market, is today launching its initial suite of next evolution income ETFs:
NEOS S&P 500 High Income ETF (SPYI);
NEOS Enhanced Income Aggregate Bond ETF (BNDI); and
NEOS Enhanced Income Cash Alternative ETF (CSHI).
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Source: NEOS Investments
Cambria ETF Trust files with the SEC-Cambria Shareholder Yield ETF
August 29, 2022-Cambria ETF Trust has filed a Form 497K-Summary Prospectus with the SEC for the Cambria Shareholder Yield ETF.
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Source: SEC.gov
BlackRock Launches iShares Neuroscience and Well being Care ETF
August 28, 2022--BlackRock launched a brand new thematic ETF on the New York Inventory Alternate on Friday, the iShares Neuroscience and Healthcare ETF (IBRN), which the agency mentioned is the primary ETF centered on neuroscience and the expansion and innovation associated to the therapy of neurological ailments.
The fund, with a 0.47% expense ratio, seeks to trace the funding outcomes of an index designed to measure U.S. and non-U.S. firms within the neuroscience sphere. Its benchmark is the NYSE FactSet International Neuro Biopharma and MedTech Index.
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Source: insurenews.live
SEC Issues First Fee Rate Advisory for Fiscal Year 2023
August 26, 2022--The Securities and Exchange Commission announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $92.70 per million dollars to $110.20 per million dollars, effective Oct. 1.
The new fee rate will be applicable to the registration of securities under Section 6(b) of the Securities Act of 1933, the repurchase of securities under Section 13(e) of the Securities Exchange Act of 1934, and proxy solicitations and statements in corporate control transactions under Section 14(g) of the Securities Exchange Act of 1934.
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Source: SEC.gov