Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Pacer ETFs Adds $1 Billion to AUM in Just Four Months, Reaching $4 Billion
April 3, 2019--Innovative Strategies Continue to Drive Growth for the Three Year Old ETF Issuer
Pacer ETFs ("Pacer"), an ETF provider that offers passive rules--based strategies, announces the firm surpassed $4 billion in assets under management (AUM) as new products and flagship strategies gain investor attention.
"We are constantly striving to meet our investor"s rapidly changing needs by working to be one step ahead," says President of Pacer ETFs Distributors, Sean O’Hara. "Our products offer financial advisors and investors access to unique strategies that we feel are a testament to how we find areas of opportunity.
view more
Source: Pacer ETFs
Goldman's Trading Floor Is Going Open-Source-Kind of
April 3, 2019--The bank plans to let outside engineers tinker with some of the code that its traders use to price securities and analyze and manage risk
Getting Goldman Sachs Group Inc.'s view on how much a derivative should cost once required a trading account at the elite Wall Street firm. Soon anyone with a GitHub account will be able to do it.
Goldman later this month plans to release on GitHub, the popular developer-collaboration site, some of the code that its own traders and engineers use to price securities and analyze and manage risk.
view more
Source: wsj.com
State Street Global Advisors Launches Two Sector Rotation SPDR ETFs
April 3, 2019--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of two actively-managed, sector rotation SPDR ETFs with tactical allocation strategies.
The SPDR SSGA US Sector Rotation ETF (XLSR) and SPDR SSGA Fixed Income Sector Rotation ETF (FISR) are managed by the firm’s Investment Solutions Group (ISG). ISG is comprised of more than 75 strategists, analysts and portfolio managers overseeing more than $266 billion in assets for investors including the world's leading central banks, sovereign wealth funds and pension funds. 1
view more
Source: State Street Global Advisors
Statement on "Framework for 'Investment Contract' Analysis of Digital Assets"
April 3, 2019--Bill Hinman, Director of Division of Corporation Finance
Valerie Szczepanik, Senior Advisor for Digital Assets and Innovation
Blockchain and distributed ledger technology can catalyze a wide range of innovation. We have seen these technologies used to create financial instruments, sometimes in the form of tokens or coins that can provide investment opportunities like those offered through more traditional forms of securities.
Depending on the nature of the digital asset, including what rights it purports to convey and how it is offered and sold, it may fall within the definition of a security under the U.S. federal securities laws.
As part of a continuing effort to assist those seeking to comply with the U.S. federal securities laws, FinHub is publishing a framework for analyzing whether a digital asset is offered and sold as an investment contract, and, therefore, is a security.
view the Framework for "Investment Contract" Analysis of Digital Assets
Source: SEC.gov
MicroSectorsTM launches Leveraged and Inverse Leveraged U.S. Big Banks Exchange Traded Notes on NYSE Arca
April 3, 2019--REX Shares, LLC (REX) has announced an expansion of their MicroSectorsTM brand with the launch of a suite of Leveraged and Inverse Leveraged Exchange Traded Notes (the ETNs). The ETNs are linked to the Solactive MicroSectorsTN U.S. Big Banks Index (the Index) and will be issued by Bank of Montreal.
These products amplify the MicroSectorsTN brand which was created in January 2018 with the Leveraged and Inverse Leveraged FANG+ linked ETNs. MicroSectorsTN U.S. Big Banks Index 3x Leveraged ETN (symbol: BNKU), MicroSectorsTN U.S. Big Banks Index -3x Inverse Leveraged ETN (symbol: BNKD), MicroSectorsTN U.S. Big Banks Index 2x Leveraged ETN (symbol: BNKO), MicroSectorsTN U.S. Big Banks Index -2x Inverse Leveraged ETN (symbol: BNKZ), and MicroSectorsTN U.S. Big Banks Index Inverse ETN (symbol: KNAB) started trading today on NYSE Arca.
view more
Source: BMO Financial Group
FTSE Russell appoints new Canada Country Head
April 3, 2019--Paul Bowes appointed Country Head, FTSE Russell Canada
Will lead business development, partnering with clients and key stakeholders
Brings a wealth of experience across fixed income and equity capital markets, indices and derivatives
FTSE Russell, the global index, data and analytics provider, today announced the appointment of Paul Bowes as Country Head, FTSE Russell Canada. In this newly created role, Bowes will be responsible for further developing FTSE Russell Canada's leadership in fixed income market data while expanding its capabilities in multi-asset benchmarks and index-based derivatives.
view more
Source: FTSE Russell
CFTC.gov Swaps Report Update
April 3, 2019--CFTC's Weekly Swaps Report has been updated, and is now available.
view more
Source: CFTC.gov
State Street Global Advisors Launches Two Sector Rotation SPDR ETFs
April 3, 2019--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of two actively-managed, sector rotation SPDR ETFs with tactical allocation strategies.
The SPDR SSGA US Sector Rotation ETF (XLSR) and SPDR SSGA Fixed Income Sector Rotation ETF (FISR) are managed by the firm’s Investment Solutions Group (ISG). ISG is comprised of more than 75 strategists, analysts and portfolio managers overseeing more than $266 billion in assets for investors including the world's leading central banks, sovereign wealth funds and pension funds. 1
view more
Source: State Street Global Advisors
Solactive MicroSectorsTM U.S. Big Bank Index launches, underlying new MicroSectors ETNs
April 3, 2019--Solactive is pleased to announce the Solactive MicroSectorsTM U.S. Big Bank Index. The Index premiers as Solactive's first joint collaboration with US company REX Shares, functions as the underlying for a series of long & short ETNs for sophisticated investors, and is linked only to the biggest U.S. banks.
With respect to conventional sector classification, the equal-weighted index captures the ten largest securities according to free-float market capitalization from the U.S. banking sector, giving investors direct exposure to system-relevant financial companies.
U.S. banks are one of the highly traded businesses. Their aggregated performance bears the potential to express views on earnings, stress tests, the Fed, the yield curve, and more. They present data, which monetary professionals utilize to derive health indicators of the U.S. financial system.
view more
Source: Solactive AG
CBO-The 2019 Budget and Economic Outlook
April 2, 2019--In CBO's projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years.
CBO's projection of the deficit for 2019 is now $75 billion less-and its projection of the cumulative deficit over the 2019-2028 period, $1.2 trillion less-than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes-most notably, a decrease in emergency spending.
view more
Source: Congressional Budget Office (CBO)
