Americas ETP News
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Barclays reshuffles management to oversee digital strategy
June 28, 2018--Barclays has made several key senior promotions within the corporate and investment banking unit with the aim to digitise its markets business.
The digital strategy is a priority for the bank and with advancements in technology, Barclays explained that it will be implemented to defend the business and to pursue new revenue opportunities. A spokesperson at Barclays confirmed the moves.
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Source: thetradenews.com
CFTC.gov Swaps Report Update
June 27, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
BNY Mellon Launches FX Options
June 26, 2018--NY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the future direction of FX markets1.
BNY Mellon clients now have access to a full-service currency trading desk, offering spot, forwards, non-deliverable forwards as well as options. This offering complements an existing suite of broader FX services including FX custody, payments and hedging.
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Source: BNY Mellon
Broadest Israel ETF (ISRA) Celebrates Fifth Year Providing Exposure to Israel's Global Economy
June 26, 2018--Israel's resiliency has made it one of the top performing developed markets in 2018
VanEck is today marking the fifth anniversary of the VanEck Vectors(R) Israel ETF (NYSE Arca: ISRA(R)), a fund designed to offer broad and diversified exposure to Israel's globally oriented economy.
"We launched ISRA to provide a comprehensive solution for investors who are attracted to Israel's compelling growth story," said Ed Lopez, Head of ETF Product at VanEck. "The underlying index allows the ETF to provide the broadest exposure to Israel's economy from a U.S.-listed ETF by including Israeli equities trading globally. It also shares a similar philosophy to VanEck's other country funds by including companies with meaningful exposure to Israel in a well-diversified way."
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Source: VanEck
World Gold Council and State Street Global Advisors Launch Low-Cost Gold Exchange-Traded Fund
June 26, 2018--SPDR(R) Gold MiniShares Trust Offers Lowest Fees of Any Gold ETF
The World Gold Council1, the market development organization for the gold industry, and State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of SPDR Gold MiniShares Trust (Symbol: GLDM).
GLDM offers the lowest available total expense ratio among all gold exchange-traded products2, with a net and gross expense ratio of 0.18 percent. GLDM will be initially listed at a per-share trading price of 1/100th of an ounce of gold, as represented by the LBMA Gold Price PM (USD).3
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Source: State Street Corporation
VantagePoint Announces Release of Two New Leveraged ETF Sectors
June 26, 2018--New Leveraged ETF Sectors released in artificial intelligence based forecasting software allows traders to triple their returns.
VantagePoint Software, the artificial intelligence trading software capable of predicting stock market trends up to three days in advance with up to 86% accuracy, announces the launch of two Leveraged ETF Sectors that allow traders to capture trends in standard ETFs but at a profit of 200% to 300% through their leveraged counterpart.
This week the software company known for its ground-breaking, market trend forecasting software, VantagePoint, officially announced the release of two new Leveraged ETF sectors in their platform. Unlike traditional ETFs, Leveraged ETFs provide double or triple the performance of a traditional index. Without increasing their risk, traders can make the same move on the same trends while multiplying their gains.
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Source: Market Technologies
CBO-The 2018 Long-Term Budget Outlook
June 26, 2018--If current laws remain generally unchanged, CBO projects, federal budget deficits and debt would increase over the next 30 years-reaching the highest level of debt relative to GDP in the nation's history by far.
At 78 percent of gross domestic product (GDP), federal debt held by the public is now at its highest level since shortly after World War II. If current laws generally remained unchanged, CBO projects, growing budget deficits would boost that debt sharply over the next 30 years; it would approach 100 percent of GDP by the end of the next decade and 152 percent by 2048.
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Source: Congressional Budget Office (CBO)
ETFGI reports ETFs and ETPs listed in the US gathered $31.58 Bn US dollars in net inflows during May 2018
June 25, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US gathered US$31.58 Bn net inflows during May 2018.
Year-to-date net inflows into US listed ETFs/ETPs reached US$124.80 Bn at the end of May which is significantly less than the US$200.81 Bn compared to this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
ETFs and ETPs listed in the US gathered $31.58 Bn net inflows during May 2018 after suffering net outflows in the second and third month of the year
US-listed Equity ETFs/ETPs gathered $23.90 Bn net inflows during May 2018, followed by Fixed Income with $5.67 Bn and Active ETFs/ETPs with $2.43 Bn
In May 2018, 13 new ETFs/ETPs were launched by 11 providers while 3 ETFs/ETPs were closed compared to 59 in April 2018.
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Source: ETFGI
U.S. Plans to Curb Chinese Tech Investments, Citing Security
June 25, 2018--The Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive U.S. industries under an emergency law, putting Washington's trade war with Beijing on a potentially irreversible course.
Under the plan, the White House would use one of the most significant legal measures available to declare China's investment in U.S. companies involved in technologies such as new-energy vehicles, robotics and aerospace a threat to economic and national security, according to eight people familiar with the plans.
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Source: Bloomberg
Vanguard introduces low-cost actively managed mutual funds in Canada
June 25, 2018--The four new mutual funds feature globally diversified flagship investment strategies
Vanguard Investments Canada Inc. has introduced its first suite of actively managed mutual funds in Canada, that are globally diversified and low-cost.
The mutual funds feature global investment strategies from some of Vanguard's longest-tenured sub-advisors and complement the firm's broad-based lineup of 36 ETFs.
"Vanguard has a deep 40-year history of active management expertise and we are excited to extend that to mutual fund investors in Canada, at a low cost," said Atul Tiwari, managing director of Vanguard Investments Canada Inc.
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Source: Vanguard
