Americas ETP News
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CFTC.gov Swaps Report Update
May 16, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
JP Morgan Tests Blockchain's Capital Markets Potential
May 16, 2018--The bank is experimenting with blockchain in a field defined by huge sums of money, multiple stakeholders and lots of coordination
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Source: Wall Street Journal
REX and BKCM Launch Actively Managed Blockchain Companies ETF Led by Brian Kelly
May 16, 2018--REX Shares, LLC (REX) and Brian Kelly, CEO and Founder of BKCM Funds, LLC (BKCM), today announced the launch of the REX BKCM ETF (NYSE Arca:BKC).
Brian Kelly will serve as portfolio manager of the fund, actively managing a portfolio of companies seeking to profit from, the advancement of blockchain1 technology and the rise of cryptocurrency2 adoption.
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Source: REX Shares
The SEC Has an Opportunity You Won't Want to Miss: Act Now!
May 16, 2018--If you've ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you.
Check out the SEC's Office of Investor Education and Advocacy's mock initial coin offering (ICO) website that touts an all too good to be true investment opportunity. But please don't expect the SEC to fly you anywhere exotic-because the offer isn’t real.
The SEC set up a website, HoweyCoins.com, that mimics a bogus coin offering to educate investors about what to look for before they invest in a scam. Anyone who clicks on "Buy Coins Now" will be led instead to investor education tools and tips from the SEC and other financial regulators.
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Source: SEC.gov
RBC Global Asset Management launches RBC US Banks Yield Index ETF
May 15, 2018--RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of RBC U.S. Banks Yield Index ETF (ticker: RUBY), which begins trading on the Toronto Stock Exchange today.
RBC U.S. Banks Yield Index ETF tracks the Solactive U.S. Banks Yield Index, which follows the performance of 21 of the largest U.S. dividend paying bank stocks, as measured by market capitalization and weighted based on their annual dividend yields. The management fee is 0.29%.
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Source: RBC Global Asset Management
First Trust to Launch First Trust Dorsey Wright DALI 1 ETF
May 15, 2018--An index-tracking ETF based on Dorsey Wright's systematic momentum strategy using the Dynamic Asset Level Investing process.
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it launched a new index-based ETF, the First Trust Dorsey Wright DALI 1 ETF (Nasdaq: DALI) (the "fund").
The fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Nasdaq Dorsey Wright DALI 1 Index (the "index").
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Source: First Trust
Coinbase plans revamp to lure institutional and high-speed traders
May 15, 2018--Cryptocurrency exchange Coinbase is planning a revamp of its trading technology and creating a new suite of services to attract more institutional investors, including hedge funds and high-frequency trading firms, it said on Tuesday.
The San Francisco-based startup said it is building a new matching engine that will allow firms to match buy and sell orders for cryptocurrencies like bitcoin in fractions of seconds and is building up a team that will cater exclusively to institutional clients.
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Source: Reuters
U.S. ETF providers cry foul over SEC's fee experiment
May 15, 2018--A plan by the U.S. securities regulator to study how stock exchange pricing affects the market by creating different fee levels for different stocks and exchange-traded funds could stifle competition among ETF providers, industry executives told Reuters.
The U.S. Securities and Exchange Commission is preparing a one-to-two-year pilot program to test in part whether the way stock exchanges charge fees and pay out rebates prompts brokers to send customer orders to exchanges with the biggest rebates rather than those that would get the best result for clients.
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Source: Reuters
ETFGI reports ETFs and ETPs listed in the US gathered 28 billion US dollars in net inflows in April
May 14, 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 USgathered US$28.00 billion net inflows during April 2018, after suffering net outflows of US$10.60 Bn in February and US$2.56 Bn in March, according to ETFGI's April 2018 US ETF and ETP industry landscape insights report.
Year-to-date net inflows into US listed ETFs/ETPs reached US$93.22 Bn at the end of April which is significantly less than the US$169.71 compare to this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
ETFs and ETPs listed in the US gathered $28.00 billion net inflows during April 2018, after suffering net outflows in prior 2 months
US-listed Fixed Income ETFs/ETPs gathered $13.74 Bn net inflows during April 2018, the largest since October 2014, which saw $16.87 Bn in net outflows
In April 2018, 15 new ETFs/ETPs were launched by 12 providers while 59 ETFs/ETPs closed by 8 providers.
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Source: ETFGI
Franklin Templeton Investments Canada Rings TSX Opening Bell Today to Announce Three New Franklin LibertyShares(R) Fixed Income ETF Listings
May 14, 2018--Franklin Templeton Investments Canada will mark today's listings of three actively managed fixed income ETFs, Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) (FLGA), Franklin Liberty Senior Loan ETF (CAD-Hedged) (FLSL) and Franklin Liberty U.S. Investment Grade Corporate ETF (CAD-Hedged) (FLUI), by ringing the opening bell on the Toronto Stock Exchange (TSX).
"The fixed income market is becoming increasingly more complex in this low interest rate environment," said Duane Green, president and CEO, Franklin Templeton Investments Canada.
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Source: Franklin Templeton Investments Corp.
