Americas ETP News
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Minutes of the Federal Open Market Committee, July 25-26, 2017
August 16, 2017--Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.
Job gains have been solid, on average, since the beginning of the year, and the unemployment rate has declined. Household spending and business fixed investment have continued to expand. On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
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Source: federalreserve.gov
Treasury International Capital Data for June
August 15, 2017--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2016. The next release, which will report on data for July 2016, is scheduled for September 16, 2016.
The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $202.8 billion. Of this, net foreign private outflows were $162.4 billion, and net foreign official outflows were $40.4 billion.
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Source: treasury.gov
The Next Quant Meltdown
August 15, 2017--Fund managers who survived the quant bloodbath of August 2007 say the strategy is safer ten years later.
But with its popularity soaring to new heights, some wonder whether crowded trades-and rising leverage-will lead to another downfall.
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Source: alpha Institutional Investor
Deutsche Bank says it will replace US chief with stock trading head
August 15, 2017--Deutsche Bank is replacing its U.S. chief.
The bank expects lower full year revenue for 2017.
Current chief Bill Woodley will be replaced by Thomas Patrick, who joined Deutsche in 2012 after 18 years at Bank of America.
Deutsche Bank is replacing its U.S. chief Bill Woodley with the global head of its stock trading business Thomas Patrick, the German lender said on Tuesday.
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Source: CNBC.com
Knowledge Leaders Developed World ETF Marks 2-Year Milestone with Continued Growth and Outperformance
August 15, 2017--Knowledge Leaders Capital today announced the Knowledge Leaders Developed World ETF (NYSE Arca: KLDW) marked its 2-year milestone with continued growth and outperformance.
As of the end of July, KLDW's assets had surpassed US $80M as the alpha-seeking ETF continued its record of outperformance since inception*, besting the MSCI World Index by 2.84% (NAV) annualized.
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Source: Knowledge Leaders Developed World ETF
Securian Taps Managed Portfolio Advisors and Pershing to Launch Securian One UMA Program
August 15, 2017--New UMA program combines MPA's overlay management services and tax management capabilities with Pershing's technology platform.
Managed Portfolio Advisors(R) (MPA), a San Francisco-based affiliate of Natixis Global Asset Management, and BNY Mellon's Pershing today announced they have collaborated with Securian Financial Group to launch a Unified Managed Account program called Securian One.
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Source: Securian Financial Group
First Trust Takes Leadership in Actively Managed ETF Market Share
August 15, 2017--First Trust Advisors L.P. ("First Trust"), an exchange-traded fund ("ETF") provider and asset manager, today announced its position as the leading provider of actively managed ETFs based on assets under management ("AUM") and number of funds offered as of July 31, 2017.
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Source: Morningstar, Inc.
CBO's Budget and Economic Outlook: 2017 to 2027
August 15, 2017--In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation's economic output.
The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, the deficit would decline in 2018 and then resume its upward trajectory-the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government's debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
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Source: Congressional Budget Office (CBO)
AdvisorShares Weekly Market Review-Dalio Likes Gold
August 14, 2017--Highlights of the Week Ending 8/11/2017
Macro
The shouting match between President Trump and Kim Jong Un dominated the headlines and may have contributed to pushing markets lower last week despite revelations that the US and North Korea have been in back channel negotiations for months.
Week-long declines haven't happened too many times in 2017 but did happen last week as the Dow Jones Industrial Average fell 1.05%, the S&P 500 dropped 1.42%, the NASDAQ gave up 1.49% and the Russell 2000 slid 2.62%.
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Source: AdvisorShares
ULTUMUS-Global ETF Monitor-Hamilton Capital lists in Canada
August 14, 2017--Americas
Hamilton Capital will be listing a US dollar version of its actively managed bank-tracking ETF in Canada (HBG/U).
Like its CAD-denominated counterpart, HBG/U will be made up of equity in banks and other deposit taking institutions from around the world.
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Source: ULTUMUS-Financial Data Management
