Americas ETP News
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Indxx LLC Launches the Indxx Blockchain Index, Licensed to First Trust for New Exchange Traded Fund
January 25, 2018--Indxx is pleased to announce the launch of the Indxx Blockchain Index (the "Index"). The Index has been licensed to ETF provider First Trust Advisors as the underlying benchmark for the First Trust Indxx Innovative Transaction & Process ETF (NASDAQ: LEGR), which began trading today.
The Index (ticker: ILEGR) tracks the performance of companies with their primary listing in developed or emerging market countries (as defined by Indxx) that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology. Each constituent is extensively researched and classified by Indxx according to a proprietary three-tiered scoring system, and only companies ranked within the top two tiers are eligible for inclusion in the Index.
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Source: Indxx LLC
J.P. Morgan Asset Management Launches Long/Short Alternative Beta ETF: JPLS
January 25, 2018--fund provides systematic capture of the equity long/short hedge fund strategy
J.P. Morgan Asset Management announced today the launch of the JPMorgan Long/Short ETF (JPLS), which seeks to provide long and short exposure to equity factors with dynamic market beta.
The fund employs a rules-based, bottom-up security selection process using factors such as value, quality, momentum and size.
It can maintain long and short positions in global equity markets either directly or through the use of derivatives. The fund can serve as a core diversifier or alternative to traditional equity within a portfolio.
JPLS is managed by an experienced team led by Yazann Romahi, CIO of Quantitative Beta Strategies and Portfolio Manager at J.P. Morgan Asset Management.
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Source: J.P. Morgan Asset Management
Latin America and the Caribbean in 2018: An Economic Recovery in the Making
January 25, 2018--Recent trends in the world economy and financial markets are good news for Latin America. Global growth and trade are on an upswing, and we expect the momentum to continue in 2018. Stronger commodity prices have also helped the region rebound.
Benefiting from these better global conditions, Latin America's economic recovery is gaining momentum too, as recessions in a few countries come to an end (Brazil, Argentina, and Ecuador). We now estimate regional growth at 1.3 percent in 2017, up from 1.2 percent in our October projections, and we project activity to accelerate further to 1.9 percent in 2018 and 2.6 percent in 2019.
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Source: IMF
First Trust Launches the First Trust Indxx Innovative Transaction & Process ETF
January 25, 2017-An index-based ETF that provides exposure to companies that are actively involved in blockchain technology.
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new index-based ETF, the First Trust Indxx Innovative Transaction & Process ETF(Nasdaq:LEGR) (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 Indxx Blockchain Index (the "index"). The index, which is created and administered by Indxx, LLC, tracks the performance of exchange-listed companies across the globe that are either actively using, investing in, developing, or have products that are poised to benefit from a new technology known as blockchain.
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Source: Nasdaq.com
CFTC.gov Swaps Report Update
January 24, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
World's largest ETF roars past $300bn in assets
SSGA's S&P 500 tracker hits milestone on its 25th birthday
January 24, 2018--The bull market in US stocks has created the first $300bn exchange-traded fund. Assets at State Street Global Advisors' SPDR S&P 500 fund passed the landmark on Monday, almost exactly 25 years after it started trading.
Almost universally known by its ticker symbol of SPY, the fund was the first ETF to be launched, and owes the landmark to the enduring popularity of the S&P 500 as a benchmark, as well as to the current strong performance of the US market and the ongoing shift to passive investing.
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Source: FT.com
Goldman issues a warning on bitcoin-and an even bigger warning on Ethereum
January 23, 2018--The chorus of bitcoin bears is growing louder by the day.
The latest to issue a stern warning against the world's largest digital currency is Goldman Sachs's investment management division, which wrote that there is "no doubt" that the cryptocurrency's astronomical rise over the past year "has pushed it into bubble territory."
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Source: Market Watch
REX Shares and Bank of Montreal Launch 3X Leveraged "FANG+" Exchange Traded Notes on NYSE Arca
January 23, 2018--REX Shares, LLC (REX) today announced a partnership with Bank of Montreal to launch a pair of exchange traded notes under the name "REX MicroSectorsTM."
The BMO REX MicroSectorsTM FANG+TM Index 3X Leveraged ETNs and the BMO REX MicroSectorsTM FANG+™ Index -3X Inverse Leveraged ETNs are based on the NYSE FANG+TM Index, and started trading today on NYSE Arca under the tickers FNGU and FNGD.
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Source: REX
25 Years of ETFs
Janaury 23, 2018--25 YEARS AGO, AN INNVESTING REVOLUTION WAS BORN
Last week the ETF industry turned 25 years young on the birthday of SPY from State Street
In this week's TETFindex update, we celebrate a quarter century of ETF growth with a look at the current state of the industry.
First, assets and amount of funds categorized by ETF type as defined by Toroso's ETF master database:
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Source: Toroso Investments
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for Full-Year and December 2017
January 23, 2018--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for full-year and December 2017.
In 2017, investors placed $220.4 billion into U.S. equity passive funds and pulled $207.5 billion out of U.S. equity active funds. In December 2017, investors saw $22.5 billion of inflows to U.S. equity passive funds, and on the active front, the category had $16.3 billion of outflows. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
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Source: Morningstar, Inc.
