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ETF Research Center June 2019 Sector SPDR Analyzer
June 4, 2019--The ETF Analyzer, Sector SPDR Edition for June 2019 is ready for download. This monthly publication has succinct one-page reports on each of the 11 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition.
It helps investors:
Evaluate the funds based on investment merit using fundamental data and analysis
Compare the Sector SPDRs with ease on a variety of forward-looking valuation metrics
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Source: The Forum at ETF Research Center
FTSE Russell indexes selected by Franklin Templeton for four new equity ETFs
June 4, 2019-Indexes track mid-to-large capitalisation stocks in four high-growth markets
Four new ETFs will be available for trading on several European exchanges including London Stock Exchange and Borsa Italiana
FTSE Russell, the global index, data and analytics provider, announces that four of its FTSE Russell UCITS Capped Indexes covering Brazil, China, India and South Korea have been licenced to Franklin Templeton.
The indexes will be used as the underlying benchmark for four new exchange traded funds (ETFs)
The licensing of the FTSE China 30/18 Capped Index, FTSE Brazil 30/18 Capped Index, FTSE India 30/18 Capped Index and FTSE Korea 30/18 Capped Index, follows the recent launch of ETFs linked to FTSE Russell benchmarks using similar capped methodologies by Franklin Templeton in the US and Canada.
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Source: FTSE Russell
Fidelity Adds 11 Issuers To Commission-Free ETF Lineup
June 4, 2019--As part of its previously announced expansion, Fidelity's commission-free exchange traded funds platform includes ETFs from 11 issuers new to the lineup.
What Happened
In February, Boston-based Fidelity announced plans to boost the size of its commission-free ETF offering to over 500 funds. Previously, the firm's no commission ETF stable featured only Fidelity funds and iShares products.
Fidelity is adding to that stable in significant fashion with the addition of 150 ETFs from 11 other sponsors.
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Source: finance.yahoo.com
Innovator Begins Monthly Defined Outcome Rollout Listing June Series of S&P 500 Buffer ETFs
June 3, 2019--Monthly issuance provides advisors a wider range of return profiles, and additional opportunities to allocate near the beginning of an outcome period
The only ETFs that provide S&P 500 exposure, up to a cap, with known downside buffers of 9%, 15%, or 30%
Innovator Capital Management, LLC (Innovator) announced today the June Series of Innovator S&P 500 Buffer ETFs have begun trading on the Cboe.
"We are pleased to be expanding our range of Innovator S&P 500 Buffer ETFs into a monthly series," said Bruce Bond, CEO of Innovator ETFs. "We believe Innovator Defined Outcome ETFs are a true game changer for the investment community, providing liquid, low cost and transparent access to the S&P 500 with built-in downside buffers."
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Source: Yahoo Finance
SEC Commissioner Hester Peirce Encourages Less Caution Toward ETF Innovation
June 3, 2019--Hester Peirce, commissioner at the United States securities regulator, has urged for a less cautious approach towards innovation in the exchange-traded funds (ETFs) space on the regulator's part. The Financial Times reported on her remarks on June 2.
Per the report, the Security and Exchange Commission's (SEC) Peirce called on her co-commissioners to allow for innovation in the ETF space by lessening their caution.
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Source: cointelegraph.com
CFTC.gov Commitments of Traders Reports Update
May 31, 2019--The current reports for the week of May 31, 2019 are now available.
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Source: CFTC.gov
Direxion Changes Investment Objective and Index of Three Leveraged ETFs
May 31, 2019--The Board of Trustees of the Direxion Shares ETF Trust ("Trust") has approved changes to the investment objective, investment strategy and underlying index of the Direxion Daily MSCI Real Estate Bull 3X Shares, Direxion Daily MSCI Real Estate Bear 3X Shares (collectively, the "Real Estate Funds"), and Direxion Daily Pharmaceutical & Medical Bull 3X Shares (the "Pharmaceutical Fund"), (each a "Fund" and collectively, the "Funds").
Effective August 1, 2019, each Fund's underlying index will change as shown in the table below and all references to each Fund’s current index in each Fund’s respective Summary Prospectus, Prospectus and SAI will be replaced with the respective new index:
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Source: Direxion
U.S. Weekly FundFlows Insight Report: Fund Investors Duck for Cover for the Week
May 30, 2019--For the first week in six, investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $8.6 billion for Lipper's fund-flows week ended May 29, 2019.
Once again, fund investors were net purchasers of money market funds (+$17.5 billion, their sixth consecutive week of net inflows) and municipal bond funds (+$919 million), but were net redeemers of equity funds (-$22.0 billion) and taxable fixed income funds (-$5.1 billion).
Market Wrap-Up
For the fund-flows week ended May 29, 2019, the broad-based U.S. indices suffered their largest one-week decline since the fund-flows week ended December 19, 2018, as investors lamented a protracted U.S./China trade standoff.
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Source: Refinitiv
iM Global Partner and Dynamic Beta investments Launch Managed Futures Strategy Exchange Traded Fund
May 30, 2019--iM Global Partner and Dynamic Beta investments (DBi) announce the launch of the iM DBi Managed Futures Strategy ETF, one of the first actively-managed Managed Futures exchange traded funds (ETF) on the market.
In a context of markets turmoil, iM Global Partner and DBi are deeply convinced that the iM DBi Managed Futures Strategy ETF should meet investors' needs of liquidity and transparency.
The Fund's objective is long-term capital appreciation by investing in multiple asset classes such as equities, fixed income, currencies and commodities through futures and forwards contracts.
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Source: iM Global Partner
LPL Financial Lowers ETF Pricing on RIA Platforms
May 30, 2019--LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced its next major pricing enhancement, part of its continuing efforts to reduce and simplify pricing for advisors across platforms. Advisors will be able to take advantage of 45 percent lower transaction charges from several leading providers of exchange-traded funds (ETFs).
The products are offered on LPL's Strategic Asset Management (SAM) and Strategic Wealth Management (SWM) platforms, rep-managed platforms designed for advisors leveraging the firm’s corporate, hybrid or RIA-only platforms.
ETF transaction charges will drop from $9.00 to $4.95 for State Street, Invesco and WisdomTree, and LPL is pursuing similar partnerships with other sponsors. The new pricing goes into effect during the second half of the year. The reduction will be offered at no cost to advisors or their clients, and will apply to all SAM and SWM transactions of the participating sponsors.
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Source: LPL Financial Holdings, Inc.
