Americas ETP News
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Scheduled U.S. IPOs this week
February 2, 2018--Scheduled U.S. IPOs-Week of 02/05/18
IPO Commentary
January IPOs raise $9 billion in record-breaking start to 2018
The IPO market had the biggest January on our records (25+ years) by IPO proceeds and tied 2014's record-high by...
IPO Index Performance
The Renaissance IPO Index has returned 1.4% so far this year,
compared to 5.5% for the S&P 500.
IPOUSA
IPO Activity
There have been 20 IPOs priced so far this year, a +82% change from last year.
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Source: Renaissance Capital
CFTC.gov Commitments of Traders Reports Update
February 2, 2018--The current reports for the week of January 30, 2018 are now available.
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Source: CFTC.gov
Harvest Announces Final Filing of the Prospectus for Canada's First Blockchain ETF, Blockchain Technologies ETF (HBLK)
February 1, 2018--Harvest Portfolios Group Inc. ("Harvest") is pleased to announce that a final prospectus has been filed with the Canadian securities regulators for Canada's first blockchain ETF, Blockchain Technologies ETF ("HBLK").
This innovative ETF is designed to provide Canadian investors access to the developing blockchain technology sector. Upon fulfilling all the listing requirements, HBLK will be listed on the Toronto Stock Exchange.
HBLK seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Harvest Blockchain Technologies Index. HBLK invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.
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Source: Harvest Portfolios Group Inc.
NYSE's Record-Breaking January Across IPOs and ETFs Opens 2018
February 1, 2018--The New York Stock Exchange (NYSE), a wholly owned subsidiary of Intercontinental Exchange (NYSE:ICE), reached three historic milestones in January that amplified its leadership as the world’s premier stock exchange:
$8.5 billion in capital raised from 11 new IPOs resulted in the best January in the New York Stock Exchange's 225 year history.
38 of the last 38 large IPOs, defined by raising $700 million or more, have listed on the New York Stock Exchange, a streak that began in 2014. Large listings in January included ADT Inc. (NYSE: ADT) at $1.47 billion, Americold Realty Trust (NYSE: COLD) at $724.8 million, Hudson Ltd. (NYSE: HUD) at $748.9 million, PagSeguro Digital Ltd. (NYSE: PAGS) at $2.27 billion, and VICI Properties, Inc. (NYSE: VICI) at $1.2 billion.
34 new exchange traded funds (ETFs) listed on NYSE Arca, representing $4.2 billion in assets under management, and 83 percent of U.S. new listings. This contributed to the exchange's strongest January in ten years.
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Source: NYSE Group
Active Managers Offer Institutional Funds to Reduce Fees, According to Broadridge Financial Solutions
February 1, 2018--Focus on lower fees drives the growth of institutionally priced active funds
Institutionally priced funds gathered over $600 billion of net new fund flows in 2017, according to data released today by Broadridge Financial Solutions, Inc. (NYSE: BR).
At the end of 2017, 50 percent of actively managed institutional fund assets were from retail channels-registered investment advisors (RIAs), broker/dealers and online - with the remaining 50 percent from institutional channels-bank, private bank and trust. The amount of retail assets invested in institutional funds was less than 37 percent at the end of 2012, but has steadily increased over the past five years.
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Source: Broadridge Financial Solutions, Inc.
TD Wealth executive moving to Som Seif's Purpose Investments-The Globe and Mail
February 1, 2018--TD Wealth executive Jeff Gans is stepping down from his bank role to join ETF pioneer Som Seif's Purpose Investments.
Jeff Gans, vice-president of Private Wealth Management at TD Wealth, will be leaving the firm as of Feb. 9. Mr. Gans joined the bank in 2012.
Prior to his current role, Mr. Gans was the head of TD Wealth Private Investment Advice, where he was responsible for managing approximately 1,100 investment advisers.
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Source: shorttermwealth.com
WisdomTree Launches CBOE Russell 2000 PutWrite Strategy Fund (RPUT)
February 1, 2018--RPUT Offers Strategy for Potential Volatility Mitigation and Downside Protection
WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the WisdomTree CBOE Russell 2000 PutWrite Strategy Fund (RPUT) on the Cboe BZX U.S. Equities Exchange.
RPUT seeks to track the price and yield performance, before fees and expenses, of the Cboe Russell 2000 PutWrite Index (PUTR) and has a net expense ratio of 0.43%1.
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Source: WisdomTree
Thomson Reuters-U.S. Weekly FundFlows Insight Report: Long-Term Assets Attract Inflows for the Week
February 1, 2018--For the second week in three investors were net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $6.0 billion. However, the headline number once again was a little misleading.
Fund investors were net redeemers of money market funds, withdrawing $26.0 billion, but they were net purchasers of long-term assets, padding the coffers of equity funds (+$16.2 billion), taxable bond funds (+$3.6 billion), and municipal bond funds (+$236 million) for the week.
In a topsy-turvy flows week marked by the largest one-day market decline for the S&P 500 and the Dow Jones Industrial Average since August 2017, the broad-based indices still managed to post strong returns from the month.
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Source: Thomson Reuters
Redwood Asset Management Announces Launch of the World's First Actively Managed, Marijuana-Focused ETF
February 1, 2018--Redwood Asset Management Inc. ("Redwood"), a wholly owned subsidiary of Purpose Investments Inc. ("Purpose") is very pleased to announce the launch of Marijuana Opportunities Fund (“the Fund”), the world's first actively managed, marijuana-focused ETF.
Redwood has completed the initial public offering of ETF shares and the Fund will commence trading on the Aequitas NEO Exchange today under the ticker symbol "MJJ". The Fund is also available in mutual fund Series A (RAM1420) and Series F (RAM2420) through Fundserv.
"We are thrilled to be able to offer Canadians the first actively managed ETF with an exclusive focus on the burgeoning cannabis industry," said Peter Shippen, President and Chief Executive Officer of Redwood Asset Management.
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Source: Redwood Asset Management Inc.
Vanguard introduces three new asset allocation ETFs
February 1. 2018--Vanguard Investments Canada Inc. today announced the listing of three new low-cost asset allocation ETF portfolios that provide greater access to its leading globally diversified strategies. All three began trading on TSX today.
"Investors and advisors are increasingly looking for simple yet sophisticated single-ticket investment solutions that provide well-diversified global equity and bond exposure within a low-cost ETF structure," said Atul Tiwari, managing director for Vanguard Investments Canada Inc. "These ETFs address that need by providing a choice of three different risk profiles, regular rebalancing and they will be among the lowest cost solutions in their categories1."
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Source: Vanguard
