Americas ETP News
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Declining Fees Take Big Bite Out of Asset Manager Revenues
March 27, 2018--In an industry that has largely been immune to the so-called Walmart effect for decades, declining prices are hitting publicly traded asset managers hard, a new analysis finds.
The amount of money that publicly traded asset managers oversee grew by 16 percent in 2017-but that double-digit increase came from the rise in global markets last year and not organic growth, according to a new analysis from asset management consultancy Casey Quirk, which is owned by Deloitte.P>view more
Source: institutionalinvestor.com
Wall Street rethinks blockchain projects as euphoria meets reality
March 27, 2018-- Wall Street has been much more excited about the system underpinning bitcoin than the cryptocurrency itself, but the global financial industry has not yet been able to do much with the technology known as blockchain.
Reuters has found several blockchain projects launched by major financial institutions that have been shelved, as development of the technology enters a hype-meets-reality phase.
view more
Source: Reuters
Canadian securities administrators announce policy projects aiming to reduce regulatory burden in public markets
March 27, 2018--The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-353 Update on CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers, which outlines the CSA's plan to pursue policy projects to examine specific prospectus requirements, revisit certain continuous disclosure requirements, and enhance electronic delivery of documents.
"Following extensive feedback from stakeholders, we are moving forward with several projects that could meaningfully reduce regulatory burden for public companies in Canada'ss capital markets," said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers.
view more Nationwide Adds to its Strategic Beta ETF Offerings "The Nationwide Maximum Diversification Emerging Markets Core Equity ETF seeks to identify the exact combination of stocks within the emerging markets universe that will maximize the diversification benefits of a portfolio while retaining the full equity risk premium," Chris Graham, chief investment officer for Nationwide Funds, said. view more Vident Financial Launches U.S. Diversified Real Estate ETF (PPTY) "If you ask for the three most important factors when investing in real estate, you'll probably hear 'location, location, location.' To this we'd add property type and leverage," said Fred Stoops, head of real estate investments at Vident. view more Cboe Prods SEC on Bitcoin ETF Approval in New Letter view more This New Blockchain Platform Aims to Give Gold a Digital Edge view more Exotic ETF Trading Is Surging Once Again view more
March 27, 2018--Cboe Vest is building the second generation of option-based index strategies. Such strategies incorporate novel uses of options seeking to achieve targeted portfolio return features such as risk mitigation, growth or income. Similar to the evolution from market-capitalization-weighted traditional beta strategies to factor tilt second-generation strategies (colloquially known as "smart beta"), Options 2.0 strategies are an evolution from the first-generation of simple but fully covered-call and put writing options strategies.
Cboe Vest S&P 500(R) Dividend Aristocrats Target Income ETF (Ticker: KNG) is the first index-based ETF to combine the dividend growth factor, a recognized smart beta strategy, with a second-generation dynamic and partial covered-call options strategy.
Source: Cboe Vest Financial LLC
March 27, 2018--Combining the success of emerging markets equity with proven diversification methodology
Nationwide has added another Strategic Beta ETF option that seeks to provide investors with improved risk-adjusted returns by enhancing diversification.
The new Nationwide Maximum Diversification Emerging Markets Core Equity ETF (MXDE) is the latest Strategic Beta ETF since Nationwide launched three others in 2017.
Source: Nationwide
March 27, 2018--Multi-factor real estate ETF for investors who know that location, property type, and leverage matter
Vident Financial, LLC today announced the launch of PPTY-U.S. Diversified Real Estate ETF (NYSE Arca:PPTY), a multi-factor alternative to traditional market cap-weighted real estate funds.
Source: Vident Financial, LLC
March 26, 2018--A senior executive for Cboe Global Markets believes that the market could support the launch of a bitcoin exchange-traded product (ETP), according to a new letter sent to the U.S. Securities and Exchange Commission.
Chris Concannon, the firm's president, didn't directly push the agency to approve such a product. Rather, he cited data collected by the company through its launch of bitcoin futures late last year to make the argument that the market is moving toward being able to support an ETF.
Source: coindesk.com
March 26, 2018--TradeWind Markets system also backed by IEX, Goldcorp
'Most important thing' to hit gold market in decades: Sprott
Cryptocurrencies and the blockchain were thought by some to replace gold as the ultimate haven against financial calamity. Now the gold market is using blockchain to kick back at crypto and bring precious metals into the digital age.
TradeWind Markets Inc., a technology provider backed by Sprott Inc., Goldcorp Inc. and IEX Group Inc. on Monday launched a new digital gold trading and settlement platform that aims to simplify and speed up trading and reduce transaction costs.
Source: Bloomberg
March 26, 2018--Exchange-traded products see volume surge amid choppy trading
High turnover concentrated among inverse leveraged tech funds
The prime suspects in last month's global rout may be at it again.
Inverse exchange-traded funds--which use leverage to bet against stocks and volatility indexes-- have seen trading activity skyrocket to ominous levels as markets have whipsawed in the past few days. In fact, turnover has only been higher two other times since the financial crisis: in 2016 during a correction and in February when a surging Cboe Volatility Index forced short funds to unwind.
Source: Bloomberg
