Americas ETP News
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NYSE wins back listing crown from Nasdaq after luring Spacs
November 1, 2020--Boom in blank-cheque company launches adds new twist to age-old rivalry between exchanges
The New York Stock Exchange is on track to steal back the crown for US stock market listings from its rival Nasdaq this year after tapping into the booming market for blank cheque companies.
Companies have raised $66bn through listings on NYSE this year compared with $61bn on Nasdaq, according to Dealogic, with nearly two-thirds of the proceeds raised on NYSE coming from special purpose acquisition companies-Spacs-which have become one of the hottest fads on Wall Street.
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Source: FT.com
Labor Department Curbs Sustainable Investing in 401(k)s
October 30, 2020-Money managers who commented on the rule largely opposed it
The Department of Labor adopted a final rule that could curb investing in 401(k)s based on environmental and social issues.
First proposed in June, the rule published Friday requires that funds in retirement plans only consider risk-and-return for stocks and bonds-and not environmental or social issues.
"This rule will ensure that retirement...
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Source: wsj.com
Ridgeline Research Launches ACVF, The "American Conservative Values ETF" Focused On Large Capitalization US Equities
October 30, 2020--Ridgeline Research announces the launch of ACVF, The American Conservative Values ETF.
AMERICAN CONSERVATIVE VALUES ETF (ACVF)
ACVF is the first-ever ETF that will attempt to align investments with the beliefs and values of politically conservative investors.
We "Boycott" companies that do not align with conservative values, bringing together a community of conservative investors.
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Source: Ridgeline Research
Flow Traders and other market makers join ICE ETF Hub basket negotiation pilot
October 29, 2020--Brownstone Investment Group, Sumridge, and Wolverine have joined Flow Traders in participating in the ICE ETF Hub basket negotiation pilot scheme.
Flow Traders has signed up to participate in a pilot scheme to assemble custom baskets for ETFs in the ICE ETF ecosystem alongside three other market makers.
Brownstone Investment Group, Sumridge, and Wolverine join Flow Traders and existing market makers Jane Street, Old Mission, and CTC, also participating in the pilot scheme in the ICE ETF Hub.
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Source: thetradenews.com
Introducing the Global X Data Center REITs & Digital Infrastructure ETF
October 29, 2020--On October 29th, 2020, we introduced the Global X Data Center REITs & Digital Infrastructure ETF (VPN) on Nasdaq. VPN seeks to invest in companies that operate data center REITs and other digital infrastructure expected to benefit from the development of 5G and next generation communication networks.
Data Centers & Cellular Towers: The Backbone of Our Digital World
A confluence of multiple digital technologies are expected to define this decade: billions of internet connected devices will transmit zettabytes of data across blazing fast 5G networks, which will be stored or analyzed in the cloud by sophisticated artificial intelligence algorithms.
As much as these technologies appear to occur effortlessly and out of thin air, they require an extensive network of physical infrastructure and hardware. Cellular towers transmit and receive radio signals to wireless devices, while data centers host servers that store and process information. Together, they form the backbone of the digital and wireless technologies that we use daily.
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Source: Global X Funds
Global X ETFs Continues Expansion of Thematic Suite with Digital Infrastructure and CleanTech Launches
October 29, 2020--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launches of the Global X Data Center REITs & Digital Infrastructure ETF (VPN) and the Global X CleanTech ETF (CTEC). Both funds will join the firm's $7 billion Thematic Growth family, which consists of an industry-leading 23 thematic ETFs.1
The emergence of a multitude of digital technologies is set to be a key driver of growth in the 2020s. Connectivity across billions of Internet of Things devices, alongside increased utilization of cloud storage, ultrafast 5G mobile networks, and sophisticated artificial intelligence algorithms, is expected to drive robust demand for digital infrastructure, like data centers and cellular towers. At the same time, the strengthening global imperative to tackle climate change is driving further innovation among technologies that can potentially mitigate this impending risk.
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Source: Global X
Indxx CleanTech Index Licensed by Global X Funds for an Exchange Traded Fund
October 29, 2020--Indxx is excited to announce the launch of the Indxx CleanTech Index (the "Index"), which tracks the performance of companies that develop technology or equipment that enables the production of energy from renewable sources, efficient utilization of energy and reduction of negative environmental influences.
The Index (Ticker: ICTECT) has been licensed by New York-based Asset Manager Global X Funds for the Global X CleanTech ETF (NASDAQ: CTEC), which began trading today.
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Source: Indxx
SEC Shelves Measure to Protect Investors in Leveraged ETFs
October 28, 2020--Proposal requiring leveraged and inverse exchange-traded funds to vet investors needs further study, officials say
The Securities and Exchange Commission on Wednesday shelved a measure intended to protect investors who trade the shares of a class of exchange-traded funds it considers risky, saying it would review the issue later.
The SEC in November had proposed requiring broker-dealers and investment advisers to vet individual investors before approving them to trade the products, known as leveraged and inverse exchange-traded funds. Such funds use debt to double or triple the gains-and losses-of an underlying index and are..
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Source: wsj.com
US SEC opens door to more leveraged ETFs
October 28, 2020--The US Securities and Exchange Commission opened the door to more leveraged exchange traded funds on Wednesday as it passed new regulations governing the use of derivatives in the retail-friendly products.
The securities regulator, in a 3-2 vote, said ETF providers which abided by certain requirements could now offer products with up to 200 per cent leverage without seeking prior approval from the SEC.
Jay Clayton, the SEC chairman appointed by president Donald Trump in 2017, said the changes provided "both meaningful protections for investors and regulatory certainty for funds and their advisers".
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Source: technocodex.com
Goldman Sachs to merge five thematic ETFs
October 26, 2020--Goldman Sachs Asset Management is planning to re-organize five equity ETFs that collectively house around $300 million in assets under management into a single multi-thematic strategy.
The five ETFs were introduced on NYSE Arca in March 2019 and provide passive exposure to themes related to transformational changes in the global economy: data-driven world, finance reimagined, human evolution, manufacturing revolution, and new-age consumer.
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Source: etfstrategy.com
