Americas ETP News
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J.P. Morgan Asset Management Launches JPMorgan USD Emerging Markets Sovereign Bond ETF: JPMB
January 30, 2018--Provides improved access to emerging market debt
J.P. Morgan Asset Management (JPMAM) announced today the launch of the JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB), which tracks the JPMorgan Emerging Markets Risk-Aware Bond Index, created by JPMAM's Quantitative Beta Strategies team and derived from J.P. Morgan's Corporate & Investment Bank flagship JPMorgan EMBI Global Diversified Index.
JPMB aims to provide exposure to USD denominated sovereign debt across emerging markets. The index utilizes a rules-based, three-step process that filters for liquidity, country risk and allocates risk based on credit rating. It invests 80% of its assets in securities included in the underlying index and will rebalance its portfolio on a monthly basis within each country and semi-annually across countries in accordance with the rebalancing of the underlying index .
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Source: J.P. Morgan Asset Management
12 Solactive benchmarks used as the basis for 12 new ETFs issued by Mackenzie Investments
January 29, 2018--Mackenzie Investments, a leading investment management firm headquartered in
Toronto, announced the launch of 12 ETFs this week, all of which will be tracking
Solactive benchmark indices.
These indices are part of a growing range of Solactive benchmarks aimed at providing broad-based access to different segments of the equity and fixed-income markets with country, regional, and global exposure through marketcap-weighted strategies.
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Source: Solactive
Vanguard warns of strengthening 'predators' in ETF market.
January 29, 2018-- Vanguard fears that 'predators' are taking advantage of exchange traded funds at the expense of retail investors and hopes that an expected overhaul by US regulators will not mandate perfect transparency for the booming $4.8tn industry.
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Source: FT.com
New Blockchain-Based Amplify Transformational Data Sharing ETF (BLOK) Surpasses $170M in AUM
January 29, 2018--Actively-managed blockchain-focused ETF reaches key milestone in first 8 trading days
Amplify ETFs has announced its newly launched blockchain-focused ETF, the Amplify Transformational Data Sharing ETF (NYSE Arca: BLOK), continues to generate strong investor interest and has surpassed $170 million in assets under management in its first eight trading days.
BLOK, which began trading on Jan. 17, provides access to an actively-managed basket of global companies at the forefront of blockchain-based technology.
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Source: Amplify ETFs
AdvisorShares Weekly Market Review-Four Weeks Of Gains To Start 2018? Don't Mind If We Do
January 29, 2018--Highlights of the Week Ending 1/26/2018
Macro
There is no shortage of superlatives for how domestic equities have started 2018. The year to date numbers for the indexes are in the 7's and 8's percentage-wise. For the week the Dow Jones Industrial Average gained 2.06%, the S&P 500 was up 2.20%, the NASDAQ rallied 2.25% and the Russell 2000 lagged with 63 basis points.
There is plenty of opinion and data to support the idea that equities have entered some sort of euphoric blow-off stage and we have no pushback to that notion but people have been predicting imminent doom for months, even years but equities have continued higher at an accelerating rate. We have maintained that nothing thus far indicated the start of a rolling over in the broad markets.There is plenty of opinion and data to support the idea that equities have entered some sort of euphoric blow-off stage and we have no pushback to that notion but people have been predicting imminent doom for months, even years but equities have continued higher at an accelerating rate. We have maintained that nothing thus far indicated the start of a rolling over in the broad markets.
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Source: AdvisorShares
ETF minnows struggle to catch up to giants
January 29, 2018--Vanguard, BlackRock and State Street dominate an industry that is tough for smaller players
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Source: FT.com
US economic growth slows in fourth-quarter on surging imports
January 26, 2018--U.S. economic growth unexpectedly slowed in the fourth quarter.
Gross domestic product increased at a 2.6 percent annual rate.
The economy grew 2.3 percent in 2017, an acceleration from the 1.5 percent logged in 2016.
U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports.
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Source: CNBC.com
CFTC.gov Commitments of Traders Reports Update
January 26, 2018--The current reports for the week of January 23, 2018 are now available.
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Source: CFTC.gov
U.S. Fund-Flows Weekly Report: Equity Funds Pace Positive Weekly Net Inflows
January 26, 2018--Thomson Reuters Lipper's fund asset groups (including both mutual funds and ETFs) grew their coffers by $37.8 billion for the fund-flows week ended Wednesday, January 24. All four fund macro-groups took in net new money for the week, with equity funds (+$23.4 billion) leading the pack, followed by money market funds (+$8.2 billion), taxable bond funds (+$5.4 billion), and municipal bond funds (+$782 million).
Market Overview
Both the Dow Jones Industrial Average and the S&P 500 Index built on their strong performances of the year to date; the S&P 500 gained 1.25% and the Dow appreciated 0.52% for the fund-flows week. For the year to date the Dow and the S&P 500 were up 6.20% and 6.13%, respectively.
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Source: Thomson Reuters
Is Manager Selection Worth the Effort for Financial Advisors?
January 26, 2018--Key Points
Investors, particularly retail investors, are predisposed to chase the returns of investment managers.
The academic literature shows manager selection fails to produce positive excess returns, on average.
A diligent manager research effort may shrink the large amount of negative alpha from clients' performance chasing.
Introduction
This is the fourth article in our series designed to help financial advisors successfully address the challenges associated with the management of their clients' portfolios by merging key lessons from investment science and behavioral finance. In the first two articles of the series, our colleagues explained how to form reasonable long-term return expectations and why achieving those expected returns is facilitated by a clear understanding of the different risks in an investment portfolio. The third article explained how adding diversifying assets to portfolios of mainstream stocks and bonds can improve expected returns and lead to better long-term investment outcomes.
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Source: Research Affiliates
