Americas ETP News
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High-value bond ETF trades rise sharply from last year
May 23, 2022--Market participants say evidence points to increasing participation by large institutional investors.
Large institutions are increasingly using bond exchange traded funds to manage their portfolios according to market participants, who expect this trend to increase liquidity and reduce fixed income ETF trading costs for all investors.
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Source: ft.com
Meme-themed, social media-driven ETFs plummet in value
May 20, 2022--The narrowly focused funds that rely on the wisdom of crowds are failing to deliver this year
Reddit's Wall Street Bets crowd may once have vowed to take meme stocks "to the moon", instead they and the exchange traded funds that focus on them have been eclipsed by steady, boring earthbound investments.
The particularly poor performance of social media-driven, meme-themed ETFs is partly due to favoured constituent stocks such as computer game retailer GameStop, cinema operator AMC Entertainment and electric vehicle maker Rivian badly undershooting.
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Source: ft.com
Indxx US Top 10 Tech-Monthly Rebalancing Index Licensed by KSM Mutual Funds Ltd for an Index Tracking Fund
May 19, 2022--Indxxis pleased to announce the licensing of their Indxx US Top 10 Tech-Monthly Rebalancing Indexto Israel-based KSM Mutual Funds Ltd. The index will serve as the underlying benchmark for the KSM KTF (4A) Indxx US Top 10 Tech -Monthly Rebalancing Currency Hedged (Ticker: 5134986).
The Index (ITOPTENT) is designed to track the performance of the top 10 largest tech-oriented companies that are listed on the NASDAQ Stock Exchange.
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Source: Indxx
T Rowe Price to target rising rates with planned bond ETF
May 18, 2022--Manager plans to launch the Floating Rate ETF and US High Yield Bond ETF in August
T Rowe Price plans to add strategies to its nascent bond ETF suite, including one that aims to defend portfolios from rising interest rates.
The manager plans to launch the Floating Rate ETF and the US High Yield Bond ETF, according to paperwork filed last week. The products are set to join three other fixed-income ETF strategies that the firm launched in September 2021.
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Source: ft.com
New ETF Suite Leverages Proprietary Factor-Based Approach
May 18, 2022-SEI (NASDAQ: SEIC) today announced the launch of its first ETFs, a suite of four large-cap, factor-based strategies designed to support a goals-based wealth management approach.
The new funds include the:
SEI Enhanced U.S. Large Cap Quality Factor ETF
SEI Enhanced U.S. Large Cap Momentum Factor ETF
SEI Enhanced U.S. Large Cap Value Factor ETF
SEI Enhanced Low Volatility U.S. Large Cap ETF
SEI's Factor ETF suite seeks to provide long-term capital appreciation, utilizing a quantitative-based, active stock selection investment strategy to evaluate large-capitalization stocks tailored to each of the respective factors.
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Source: SEI
Simplify Announces Launch of the Simplify Macro Strategy ETF (FIG) Led by Hedge Fund Veteran Michael Green
May 17, 2022--New fund will offer a modern take on the balanced portfolio, helping investors navigate the asset allocation challenge presented by the current market environment
Simplify Asset Management ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs") designed to solve today’s most pressing portfolio construction challenges, is today launching its newest ETF, the Simplify Macro Strategy ETF (NYSE Arca: FIG).
FIG is a modern take on the balanced portfolio, designed to be a risk-balanced portfolio of asset classes structured to pursue equity-like returns with lower volatility The Fund will invest in equity, fixed income, and alternative ETFs and derivatives, with a trading strategy that is based on the portfolio management team's interpretation of large economic events on the national, regional, and global scale.
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Source: Simplify Asset Management Inc
How much higher can interest rates go? A lot higher.
May 19, 2022--There has recently been a lot of talk in the market, on financial news and elsewhere that basically takes the following form:
Yes, the Fed has to raise short-term interest rates. They will move 50 basis points at each of the next "X" meetings. However, the market has already priced it in, so we have seen peak inflation and we have seen the worst in long-term rates.
This view could not be more wrong.
Medium- and long-term interest rates can and very likely will go a lot higher.
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Source: foliobeyond.com
How More Than $1 Trillion of Crypto Vanished in Just Six Months
May 13, 2022--The helium is coming out of bitcoin and other cryptocurrencies as investors shy away from risk
Traders' flight from risky investments has halved the price of bitcoin and other cryptocurrencies,wiping out more than $1 trillion worth of digital money since November.
Wild swings are fairly common with cryptocurrencies,but even seasoned investors were left reeling as bitcoin dropped 29% over a seven-day losing streak that just ended as a stablecoin-one part of the crypto world that touted its stability-unexpectedly crashed.
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Source: wsj.com
Bitcoin's crashing.
May 13, 2022-The Biden administration wants to keep it out of your 401(k).
A move by Fidelity Investments to let retirement savers add Bitcoin to their 401(k)s is becoming a new flash point in the fight over crypto regulation, pitting free-market Republicans against Democrats who say it’s a threat to millions of consumers.
The Biden Labor Department,which polices employer-sponsored 401(k)s,has warned the 76-year-old asset management firm that its foray into volatile crypto markets could endanger future retirees.
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Source: politico.com
DoubleLine Shiller CAPE(R) U.S. Equities ETF to Trade Under the Ticker "CAPE"
May 12, 2022-- At the open of trading on May 25, the DoubleLine Shiller CAPE(R) U.S. Equities ETF (or the "Equities ETF") will begin trading under the ticker symbol "CAPE." The Equities ETF was launched April 5 on the NYSE Arca under the ticker symbol "DCPE." Until recently, "CAPE" was the ticker symbol for the iPath Shiller CAPE exchange-traded note issued by Barclays.
DoubleLine Shiller CAPE(R) U.S. Equities ETF seeks total return that exceeds the total return of the S&P 500 Index by managing the portfolio to approximate the return of the Shiller Barclays CAPE(R) U.S. Sector TR USD Index (or "the Index"). The Index incorporates the principles of long-term investing distilled by Dr. Robert Shiller and expressed through the CAPE(R) (Cyclically Adjusted Price Earnings) ratio (the "CAPE(R) Ratio").
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Source: DoubleLine
