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ETFGI reports the ETFs industry in the United States gathered net inflows of US$97.70 billion during March 2022
April 29, 2022-- ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in the United States gathered net inflows of US$97.70 billion during March, bringing year-to-date net inflows to US$196.74 billion.
At the end of the month, assets invested in ETFs industry in the United States increased by 3.0%, from US$6.84 trillion at the end of February to US$7.04 trillion, according to ETFGI's March 2022 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets of $7.04 Tn invested in ETFs industry in the United States at the end of Q1 are 2nd highest on record.
Assets decreased 2.3% in Q1 2022, going from $7.21 Tn at end of 2021 to $7.04 Tn.
ETFs industry in the United States gathered net inflows of $97.70 billion during March
Q1 net inflows of $196.74 Bn are 2nd highest on record, after Q1 2021 net inflows of $252.22 Bn.
$864.30 Bn in net inflows gathered in the past 12 months.
31st month of consecutive net inflows.
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Source: ETFGI
Vanguard reduces fees on 4 large bond ETFs
April 29, 2022-- April 29, 2022--Vanguard Group on Friday reported expense ratio reductions on four bond exchange-traded funds, including its biggest bond ETF-the Vanguard Total Bond Market ETF, a Vanguard spokesman said.
The ETF fee cuts were part of expense ratio changes Vanguard announced for six funds and reflect expenses for the fiscal year ended Dec. 31, the spokesman said. The changes also included fee increases on two mutual funds spanning three share classes, he said.
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Source: pionline.com
CBO-The Economic Effects of Waiting to Stabilize Federal Debt
April 28, 2022--Summary
Under current law, the growth of federal noninterest spending and net outlays for interest on federal debt would outpace the increase in revenues over the next 30 years, the Congressional Budget Office projects. As a percentage of gross domestic product (GDP), federal debt held by the public is thus projected to climb from 102 percent at the end of 2021 to 202 percent in 2051.
A perpetually rising debt-to-GDP ratio is unsustainable over the long term because financing deficits and servicing the debt would consume an ever-growing proportion of the nation's income.
In this report, CBO analyzes the effects of measures that policymakers could take to prevent debt as a percentage of GDP from continuing to climb. Policymakers could restrain the growth of spending, raise revenues, or pursue some combination of those two approaches. Regardless of which method they chose, the policy change-and the timing of it-would directly affect the economy and the well-being of people.
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Source: CBO (Congressional Budget Office)
BlackRock's First Crypto-Linked ETF Debuts in Lackluster Market
April 27, 2022--IBLC tracks companies involved in blockchain development
April is on track for record outflows from crypto ETFs: UBS
BlackRock Inc. is launching its debut blockchain-focused ETF as record cash exits cryptocurrency funds.
The iShares Blockchain and Tech ETF (ticker IBLC), which begins trading Wednesday, tracks companies involved in the "development, innovation, and utilization of blockchain and crypto technologies", according to a filing with the U.S. Securities and Exchange Commission. IBLC is the first crypto-themed fund for BlackRock, the world's largest exchange-traded fund issuer.
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Source: news.bloomberglaw.com
Invesco launches ETF focused on metals required for electric vehicles, energy transition
April 27, 2022--Invesco launched a new exchange-traded fund focused on metals that are critical for electric vehicles and the broad-based energy transition.
The Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF will trade under the ticker EVMT.
The launch comes amid a surge in investor interest surrounding electric vehicles.
Metals prices have soared following Russia's invasion of Ukraine, sparking supply fears in what were already tight markets.
nvesco is betting that the boom in interest in electric vehicles will make a new trading opportunity in the metals required for EVs and the broad energy transition a hot new area for investors.
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Source: cnbc.com
SEC launches probe into ETF revenue-sharing deals
April 26, 2022--US regulator to investigate potential conflicts of interest arising from payments to intermediaries
The US Securities and Exchange Commission's enforcement division has launched a sweep of ETF revenue-sharing practices, probing fund groups about the payments they make to broker-dealers and other financial intermediaries.
Specifically, the SEC wants documents related to what it described as "any compensation paid by an adviser or an ETF to a financial intermediary based on assets held by the financial intermediary", according to details of a letter shared with BoardIQ, a sister publication of the Financial Times.
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Source: ft.com
Fidelity to allow retirement savings allocation to bitcoin in 401(k) accounts
April 26, 2022--Fidelity Investments said on Tuesday it will allow individuals to allocate part of their retirement savings in bitcoin through their 401(k) investment plans, becoming the first major retirement plan provider to do so.
The family controlled asset manager said MicroStrategy Inc (MSTR.O), a major bitcoin corporate backer, will be the first employer to use the new product, which will be made available to other employers by the middle of the year.
Through the new offering, employees will be able to invest in bitcoin through a Digital Assets Account (DAA) within the core lineup of their 401(k) plans, Fidelity said.
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Source: reuters.com
First Manhattan Co. Launches Inaugural Actively Managed ETF-FMC Excelsior Focus Equity ETF (Ticker: FMCX)
April 26, 2022--FMCX Seeks to Comprise a High-Conviction Portfolio from a Firm with Decades-Long Investing Experience
FMCX's Strategy Mirrors First Manhattan's Fundamentals-Based, Research-Intensive Approach Across Sectors
First Manhattan Pursues Impactful Engagement with Management Teams on Long-Term Strategy, Growth, and Governance
First Manhattan Co. ("First Manhattan"), an independently owned and operated investment advisory firm, today announced the launch of its inaugural exchange-traded fund, FMC Excelsior Focus Equity ETF (ticker: FMCX) ("FMCX" or the "Fund"), an actively managed ETF that invests in First Manhattan's highest-conviction ideas driven by its rigorous, fundamentals-based research. The Fund will invest in companies that First Manhattan believes possess durable competitive advantages and long-term growth prospects, management teams with strong governance practices, and attractive opportunities to reinvest cash profits.
Source: First Manhattan Co.
KraneShares Launches First US-Listed Global Carbon Offset ETF (NYSE: KSET)
April 26, 2022-- Krane Funds Advisors, LLC ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, announced the launch of the KraneShares Global Carbon Offset Strategy ETF (Ticker: KSET) on the New York Stock Exchange today.
KSET offers broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include nature-based global emission offsets (N-GEOs) and global emission offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET will dynamically add additional offset markets as they reach scale.
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Source: Krane Funds Advisors, LLC
IMF-Latin America Faces Unusually High Risks
April 26, 2022--The War in Ukraine, higher inflation, tighter financial conditions, economic decelerations of key trading partners, and social discontent may dim growth prospects.
The war in Ukraine is shaking the global economy and raising uncertainty about the outlook for Latin America and the Caribbean.
The impact is being felt in Latin America through higher inflation that is affecting real incomes, especially of the most vulnerable. Policymakers are reacting to this challenge by tightening monetary policy and implementing measures to soften the blow on the most vulnerable and contain the risks of social unrest.
But there are other risks looming. A possible escalation of the war could eventually lead to global financial distress and tighter financial conditions for the region.
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Source: imf.org
