First Trust Board Approves Reorganization of First Trust Heitman Global Prime Real Estate ETF into First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund-continued

March 13, 2019--First Trust Advisors L.P. ("FTA") announced today that the Board of Trustees of First Trust Heitman Global Prime Real Estate ETF (NYSE Arca: PRME), an actively managed exchange-traded fund ("ETF"), managed by FTA, approved the reorganization of PRME into First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund (NYSE Arca: FFR), an index based ETF managed by FTA.
The reorganization has also been approved by the Board of Trustees of the FFR. FFR will be the surviving fund.

Under the terms of the proposed transaction, which is expected to be tax-free, the assets of PRME would be transferred to, and the liabilities of PRME would be assumed by, FFR, and shareholders of PRME would receive shares of FFR with a value equal to the aggregate net asset value of the PRME shares held by them.

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Source: First Trust


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A sluggish recovery is underway, constrained by subdued aggregate demand and lackluster productivity. A robust social security reform and additional fiscal measures are necessary to put public debt on a sustainable trajectory, thereby boosting investor confidence. The mission welcomes the government's ambitious reform agenda which includes pension reform, privatization, trade openness, tax reform, and reducing state intervention in credit markets.
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WisdomTree launches ETF targeting modern tech platforms
May 23, 2019--WisdomTree has launched a new fund in the US providing exposure to companies operating platform business models.
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AGF Launches Two New U.S.-Listed AGFiQ ETFs to Expand Presence in U.S. Marketplace
May 23, 2019--Also announces FFCM LLC has been renamed AGF Investments LLC
AGF Management Limited (AGF) announced today, through AGF Investments LLC (formerly FFCM LLC) the launch of AGFiQ Global Infrastructure ETF (GLIF) and AGFiQ Dynamic Hedged U.S. Equity ETF (USHG), which begin trading on the NYSE Arca, Inc. effective May 23, 2019.
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Alpha Architect launches freedom-weighted EM ETF
May 23, 2019--Alpha Architect has launched a new ETF in the US that offers a unique approach to investing in emerging market equities.
The Freedom 100 Emerging Markets ETF (FRDM US) selects and weights countries according to the freedoms enjoyed by their citizens.
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Exchange Traded Concepts Partners with Qraft Technologies to Launch Two Artificial Intelligence (AI) Powered ETFs
May 23, 2019--Exchange Traded Concepts, LLC ("ETC"), a leader in providing white-label Exchange Traded Fund (ETF) solutions, in conjunction with Qraft Technologies, today announced that it has launched two ETFs. The Qraft AI Enhanced U.S. Large-Cap ETF (NYSE ARCA: QRFT) and The Qraft AI Enhanced U.S. Large Cap Momentum ETF (NYSE ARCA: AMOM).
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iShares files with the SEC
May 23, 2019--iShares has filed a post-effective amendment, registration statement with the SEC.
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More active managers are beating the stock market again thanks to the trade war: Goldman Sachs
May 23, 2019--Active stock pickers are having one of their best years since the financial crisis, and these money managers can thank rising U.S.-China trade tensions for their better fortunes, according to analysts at Goldman Sachs.
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Listed Funds Trust files with the SEC-3 Innovation ETFs
May 23, 2019--Listed Funds Trust has filed a post-effective amendment, registration statement with the SEC for the
Innovation α(R) United States ETF
Innovation α(R) Global ETF
Innovation α(R) Trade War ETF.
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First Trust Exchange-Traded Fund II files with the SEC-First Trust NASDAQ Smartphone Index Fund
May 23, 2019--First Trust Exchange-Traded Fund II has filed a post-efective amendment, registration statement with the SEC for the First Trust Indxx NextG ETF (formerly First Trust Nasdaq Smartphone Index Fund)
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SEC requires more information on exchange fee increases, starts fee pre-pilot
May 22, 2019--Stock exchanges will have to provide more details before being allowed to raise fees or offer discounts to some traders, the Securities and Exchange Commission said in new guidelines issued Tuesday.
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Gabelli ETFs Trust files with the SEC-ActiveSharesSM ETF
May 22, 2019-Gabelli ETFs Trust has filed an application for exemptive relief with the SEC -ActiveSharesSM ETF.
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ETF Series Solutions files with the SEC-The Acquirers Fund
May 22, 2019--ETF Series Solutions has filed a post-effective amnedment, registration statement with the SEC for the
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Invesco Exchange-Traded Self-Indexed Fund Trust files with the SEC- Invesco BulletShares 2025 USD Emerging Markets Debt ETF
May 22, 2019--Invesco Exchange-Traded Self-Indexed Fund Trust has filed a post-effective amendment, registration statement with the SEC for the Invesco BulletShares 2025 USD Emerging Markets Debt ETF.
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GTS Closes Acquisition of Automated ETF & Wholesale OTC Market Making Businesses
May 22, 2019--GTS, a leading electronic market maker across global financial instruments, announced the completion today of its acquisition of the automated Exchange Traded Funds (ETF) and Wholesale OTC Market Making businesses of Cantor Fitzgerald ("Cantor").
Thirty Cantor employees have moved to GTS as full-time employees as part of the transition.
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WBI Shares lists actively managed multi-asset ETF
May 22, 2019--WBI Shares is listing an actively-managed fund multi-asset fund that looks at the US economy to decide what to invest in. The WBI BullBear Trend Switch US 3000 Total Return ETF (WBIT) uses an in-house model to read a bunch of macro-economic data and index charts, including commodity prices, monetary policy, valuations, credit spreads and interest rate changes.
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U.S. Digital Investment Management Market Monitor, Q2 2019-Aite Group estimates that client assets under management on robo-advice platforms will reach US$1.26 trillion by 2023.
May 22, 2019--Digital investment management is a disruptive trend that continues to evolve, and new offerings are announced often. But the hype around this industry trend has been a bit inflated, as Aite Group estimates that assets on digital investment management platforms was around US$257 billion at the end of 2018.
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SEC sets dates for first phase of disputed exchange pricing plan
May 22, 2019--The U.S. Securities and Exchange Commission said it will begin the first phase of a plan aimed at evaluating how stock exchange fees and incentives affect how brokers trade, even as several exchanges sue the regulator in an attempt to kill the experiment.
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Minutes of the Federal Open Market Committee, April 30-May 1, 2019
May 22, 2019--Balance Sheet Normalization
Participants resumed their discussion of issues related to balance sheet normalization with a focus on the long-run maturity composition of the System Open Market Account (SOMA) portfolio. The staff presented two illustrative scenarios as a way of highlighting a range of implications of different long-run target portfolio compositions.
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REVERSEinquiries, Volume 2, Issue 5-Structured and Market-linked Product News for Inquiring Minds
May 22, 2019--REVERSEinquiries is Mayer Brown's structured and market-linked products-focused newsletter. In this issue, we discuss:
Unsuitable Sales of Leveraged ETFs Draw FINRA's Ire; Text Messaging Violates Communications Rules
OCIE's Retail Investor Protection Focus
Department of Labor Fiduciary Rule Update
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IMF-Canada: Staff Concluding Statement of the 2019 Article IV Mission
May 21, 2019-- Context
1. Over the past five years, Canada has employed a judicious mix of policies to support inclusive growth and reduce vulnerabilities in the financial system. The use of fiscal space combined with accommodative monetary policy at the onset of the 2014 oil price shock was effective in overcoming the recession in 2015. The economy posted the strongest growth rate among G7 economies in 2017 and the unemployment rate fell to its lowest level in forty years.
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Horizons Introduces New Cannabis ETFs for Leveraged and Inverse Sector Exposure
May 21, 2019--Horizons ETFs Launches World's First Leveraged and Inverse Marijuana ETFs
New exchange traded funds ("ETFs") allows investors to access two-times (2x) and inverse (-1x) daily exposure to the Marijuana stocks
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iShares files with the SEC-iShares MSCI Canada IMI ETF
May 20, 2019--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Canada IMI ETF.
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iShares files with the SEC- iShares MSCI Japan IMI ETF
May 20, 2019--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Japan IMI ETF.
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ETF Managers Trust files with the SEC- ETFMG Alternative Harvest ETF
May 20, 2019--ETF Managers Trust has filed a post-effective amendment, registration statement with the SEC for the ETFMG Alternative Harvest ETF.
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American Century ETF Trust files with the SEC-ActiveSharesSM ETFs
May 20, 2019--American Century ETF Trust has filed an application for exemptive relief with the SEC for ActiveSharesSM ETFs.
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SEC Delays Decision on VanEck/SolidX Filing in Latest Bitcoin ETF Setback
May 20, 2019--The U.S. Securities and Exchange Commission (SEC) has again delayed a decision on a bitcoin exchange-traded fund (ETF) proposal.
In a new document filed Monday, the SEC said it was instituting proceedings on whether to approve or disapprove a proposed rule change that would allow the VanEck SolidX Bitcoin Trust to issue and list its shares.
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Alpha Architect ETF Trust files with the SEC-Freedom 100 Emerging Markets ETF
May 17, 2019--Alpha Architect ETF Trust has filed a post-effective amendment, registration statement with the SEC for the Freedom 100 Emerging Markets ETF.
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StrongVest ETF Trust files with the SEC-CWA Income ETF
May 17, 2019--StrongVest ETF Trust has filed a post-effective amendment, registration statement with the SEC for the CWA Income ETF.
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WisdomTree files with the SEC-WisdomTree Modern Tech Platforms Fund
May 17, 2019--WisdomTree has filed a post-effective amendment, registration statemnt with the SEC for the WisdomTree Modern Tech Platforms Fund.
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Columbia Funds Series Trust I files with the SEC
May 17, 2019--Columbia Funds Series Trust I has filed a fourth amended and restated application for exemptive relief with the SEC.
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Core Alternative Capital files with the SEC
May 17, 2019--Core Alternative Capital has filed an application for exemptive relief with the SEC.
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VanEck Launches New ETF MAAX, New "Guided Allocation" ETF Focused On Municipal Bond Exposure
May 17, 2019--MAAX is based on a proprietary model that uses momentum, duration and credit risk indicators to tactically allocate among selected VanEck Vectors(R) municipal bond ETFs.
VanEck today announced the launch of the VanEck Vectors(R) Municipal Allocation ETF (MAAX), the latest addition to the firm's suite of Guided Allocation funds.
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Lipper U.S. Weekly FundFlows Insight Report: Money Market Funds Drive Overall Net Inflows for the Third Straight Week
May 17, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) had net positive flows of $3.9 billion for the fund-flows trading week ended Wednesday, May 15. Money market funds (+$14.5 billion) were responsible for the lion's share of the net positive flows for the third straight week.
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Columbia Threadneedle changes up raft of ETFs
May 17, 2019--The firm has liquidated four funds, lowered the management fee on two and filed to launch two more smart beta products.
Columbia Threadneedle has made changes to a raft of ETFs, liquidating four funds, launching two and lowering the management fee on two more.
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CFTC.gov Commitments of Traders Reports Update
May 17, 2019--The current reports for the week of May 17, 2019 are now available.
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Invesco Exchange-Traded Fund Trust II files with the SEC
May 16, 2019--Invesco Exchange-Traded Fund Trust II has filed a post-effective amendment, registration statement with the SEC.
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First Trust Exchange-Traded Fund VIII files with the SEC-First Trust Multi-Manager Small Cap Core ETF
May 16, 2019--First Trust Exchange-Traded Fund VIII has filed a post-effective amendment, registration statement with the SEC for the First Trust Multi-Manager Small Cap Core ETF.
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Invesco Exchange-Traded Self-Indexed Fund Trust files with the SEC-3 ETFs
May 16, 2019--Invesco Exchange-Traded Self-Indexed Fund Trust has filed a post-effective amendment, registration statement with the SEC for the
Invesco ESG Revenue ETF
Invesco Russell 1000(R) Dynamic Multifactor ETF
Invesco Russell 2000(R) Dynamic Multifactor ETF
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Boom in Dodgy Wall Street Deals Points to Market Trouble Ahead
May 16, 2019--Junk bond issuance is surging as Uber, Lyft IPOs flop badly
People 'going to get burned,' says Wall Street veteran Front
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Horizons ETFs launches Uranium ETF with Solactive Index as the underlying
May 16, 2019--Solactive is pleased to announce the release of its Solactive Global Uranium Pure-Play Index (SOLGUPP) serving as the underlying for Horizons Global Uranium Index ETF ("HURA").
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A New ETF To Refresh The Value Factor
May 16, 2019--Investors willing to bet the much-maligned value factor is poised to rebound can do so with a new, unique exchange traded fund.
The Acquirers Fund ZIG, a long/short domestic equity strategy, debuted Wednesday.
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New Realities in Wealth Management: U.S. Client Asset Growth Stalls in Down Market
May 16, 2019--Total U.S. client assets with brokers and registered investment advisors fell by US$495 billion to US$23.7 trillion in 2018, finds a new Aite Group report.
Total client assets in the U.S. wealth management industry have grown almost every year since 2008. In 2018, however, client assets dropped by 2.1%, the largest decline in over a decade.
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Evolve Cyber Security Index Fund Launches U.S. Dollar Unhedged ETF Units (TSX: CYBR.U)
May 16, 2019--Evolve Funds Group Inc. ("Evolve") is pleased to announce the launch of U.S. dollar denominated unhedged ETF units ("USD Unhedged ETF Units") of the Evolve Cyber Security Index Fund ("CYBR"), making it more convenient for Canadians who want to use U.S. dollars to invest.
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