Americas ETP News
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Charts that matter: ETF providers versus S&P 500
December 12, 2017--How can active stock pickers beat passive tracker funds when the US market is up double digits for the year?
The answer appears to be betting on shares in the companies that provide the passive funds that have been sucking up increasing amounts of the active managers' assets.
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Source: FT.com
Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts
December 11, 2017--Cboe trading resumes after two circuit-breakers tripped
Derivatives may ease wagers on cryptocurrency's rise or fall
Bitcoin has landed on Wall Street.
Futures on the world,s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.'s exchange, triggering two temporary trading halts designed to calm the market.
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Source: Bloomberg
Cboe Bitcoin Futures (XBT) Close First Day Of Trading-Post Volume Of More Than 4,000 Contracts
December 11, 2017--Cboe Global Markets, Inc. (Cboe: CBOE |Nasdaq: CBOE), one of the world's largest exchange holding companies, today announced Cboe bitcoin futures (XBT) traded a reported 4,127 contracts in their first day of trading.
XBT futures debuted Sunday, December 10, at 5:00 p.m. CT, the beginning of Global Trading Hours. The first trading session closed at 3:15 p.m. CT today, December 11.
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Source: Cboe Global Markets
AdvisorShares Weekly Market Review-Down 89% In Bitcoin Terms
November 11, 2017--Highlights of the Week Ending 12/8/2017
Macro
The monthly jobs report came in strong but without fireworks with 228,000 jobs created versus an expectation of 195,000-200,000. The headline unemployment rate was steady at 4.1% while the broader U6 moved up a tick 8.0%.
The Labor Force Participation rate printed at 62.8% and revisions were quiet, adding a net 3000 jobs to the last two months. Wages however continue to slog along without making any progress as they again grew by 0.2% for the month, leading to a 2.5% gain year over year. The take here probably needs to be that we are adding jobs but without an increase in discretionary income people are more likely to be able just pay the bills and not provide the type of consumption that would hopefully propel the economy onward and upward or at the very least the lack of increased discretionary income would be a drag on the economy.<>view more
Source: AdvisorShares
AdvisorShares Delivers Alcohol, Cannabis & Tobacco Exposure with New Actively Managed ETF
December 11, 2017--The launch of the AdvisorShares Vice ETF (Ticker: ACT) provides concentrated exposure to an emerging investment theme with industry-first offering
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Vice ETF (Ticker: ACT) will begin trading on Tuesday, December 12, 2017. ACT becomes the first ETF-among both passively managed and actively managed strategies-that provides concentrated exposure to select companies associated with alcohol, cannabis and tobacco. ACT's portfolio management team carries extensive experience in the capital markets and a well-established expertise of investing in this area of the equity markets, which includes the founder and original portfolio manager of the Vice Fund mutual fund (VICEX).
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Source: AdvisorShares
Opportunities & Risks in Israeli Stocks in 2018; BlueStar Index Review Highlights Growing Israel Equity Universe
December 11, 2017--The BlueStar Israel Global Index(R) (BIGI(R)) gained 1.46% in November and is up 12.5% year-to-date. November's gains come despite a pull-back in Israeli technology stocks--energy and consumer stocks surged and the healthcare sector stabilized;
The TA-BlueStar Israel Global Technology Index (TA-BIGITech(R)) consolidated October's strong gains with a 0.31% pullback in November and is now up 29.73% year-to-date. Concerns over a period of softness in corporate expenditures on IT weighed on Israeli technology stocks.
Forecasts for Israel's 2018 and 2019 GDP growth are coming in near the long-run potential growth for the economy, at roughly 3.5%. Economic growth is expected to be balanced with opportunities to exceed expectations and risks which could cause slower growth.
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Source: Blue Star Indexes
U.S. fund firms make new push for bitcoin ETFs as futures debut
December 11, 2017-- Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.
Three more fund managers are proposing bitcoin funds that would use futures to gain access to the market instead of investing directly in them, filings showed on Monday.
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Source: Reuters
Fed finalises new market benchmarks
December 11, 2017--The Federal Reserve has finalised its proposals for replacing US dollar Libor, confirming on December 8 that three new market benchmarks will launch in 2018.
The three rates are calculated as the volume-weighted median of transactions data from US Treasury markets, rather than the bank submissions that underpinned Libor, which ultimately proved flawed.
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Source: centralbanking.com
Thomson Reuters-U.S. Fund-Flows Weekly Report: Funds Experience Positive Net Flows for the Fifth Consecutive Week
December 8, 2017--Thomson Reuters Lipper's fund macro-groups (including both mutual funds and ETFs) took in net-new money for the fifth straight week, with positive net inflows of $4.8 billion for the fund-flows week ended Wednesday, December 6.
Equity funds (+$3.0 billion) and money market funds (+$2.0 billion) were responsible for the bulk of the net inflows, while taxable bond funds contributed $547 million to the total. Municipal bond funds suffered net outflows (-$807 million), breaking a streak of four consecutive weekly increases.
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Source: Thomson Reuters
AdvisorShares Announces New Organizational Plans for HYLD, an Industry-Leading Income Payer Among High Yield ETFs and Mutual Funds
December 8, 2017--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Board of Trustees has approved a transition of the AdvisorShares Peritus High Yield ETF (Ticker: HYLD) from the AdvisorShares Trust to the Amplify ETF Trust, which is sponsored by Amplify ETFs.
Pending approval by HYLD shareholders and the Amplify ETF Trust Fund Board, this is expected to become effective in the second quarter of 2018.
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Source: AdvisorShares
