Americas ETP News
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New Rules and Fresh Headaches for Short-Term Borrowers
August 8, 2016--Move by SEC to make money-market funds safer is putting stress on a crucial funding source for cities, counties and foreign banks.
When Quincy, Mass., Mayor Thomas Koch looked into borrowing $38 million this summer as an advance on a planned bond issue, he was distressed to find the costs had jumped nearly 60% since January.
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Source: Wall Street Journal
Calvert Investments Launches Global Energy Research Index
August 8, 2016--Calvert Investments launched the Calvert Energy Research Index (CALNRG), which marks the seventh addition to the firm's growing suite of responsible indexes and its second research index.
The new index focuses on investing in companies that manage either energy use in a sustainable manner or that are actively engaged in facilitating the transition to a more sustainable economy through the reduction of greenhouse gas emissions and the expanded use of renewable energy sources.
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Source: Calvert Investments
A 401(k) From a Robot? Digital Advice Pushes Further Into Consumer Finance
August 7, 2016--Robo advisers such as Wealthfront and Betterment are moving into '529' plans and 401(k) accounts.
A funny thing happened on the way to the robo-adviser revolution.
Robo advisers-automated investment services that assess risk tolerance and manage a portfolio of exchange-traded funds at a low cost-are running into the realities of the highly competitive wealth-management market, including thin profit margins.
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Source: Wall Street Journal
UPDATE 1-Senior U.S. ETF executive at Deutsche Bank has left company-sources
August 5, 2016--Dodd Kittsley, who has served as head of exchange-traded product strategy at Deutsche Bank AG's U.S. asset management unit for the past two years, has left the company, according to two people with knowledge of the departure.
Deutsche's Asset and Wealth Management's Americas division hired Kittsley, a longtime industry veteran, away from BlackRock Inc in 2014 as part of a push to accelerate its growth in the fast-growing business of managing exchange-traded funds and other similar products.
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Source: Reuters
CBO-Monthly Budget Review for July 2016
August 5, 2016--The federal budget deficit was $514 billion for the first 10 months of fiscal year 2016, the Congressional Budget Office estimates-$49 billion more than the shortfall recorded during the same period last year.
Both revenues and outlays were higher than they were last year, but outlays rose much more. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend), the deficit for the 10-month period would be $92 billion larger than last year's amount.
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Source: Congressional Budget Office (CBO)
CFTC.gov Commitments of Traders Reports Update
August 5, 2016--The current reports for the week of August 2, 2016 are now available.
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Source: CFTC.gov
Renaissance Capital's IPO Calendar-Week of 8/8/2016
August 5, 2016--The Renaissance Capital's IPO Calendar-Week of 8/8/2016 is now available.
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Source: Renaissance Capital
VIX Plunges to Lowest Level in Two Years
August 5, 2016--Stock market volatility was low already but the CBOE Volatility Index (VIX) on Friday fell to its lowest level in two years.
Friday's level is also extremely close to the lowliest readings over the past five five years.
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Source: Barron's
Deutsche Bank-US ETF Insights-Synthetic Equity & Index Strategy-ETFs are owned for Investing, traded for Liquidity
August 5, 2016--After 23 years, ETFs are still highly misunderstood. This is why.
ETF users are by no means a uniform group. We identify two distinct types:
ETF investors and ETF traders.
Investors use ETFs as core building blocks in their portfolios mostly for asset allocation purposes. Meanwhile, traders use ETFs as liquidity tools mostly for non-asset allocation purposes. ETF investors buy
efficient access to asset class exposure; while ETF traders buy efficient access to asset class liquidity.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Markets Research-North America
Brazil may be the Owner of 20% of the World's Water Supply but it is still Very Thirsty
August 5, 2016--Water resource management needs to be improved to meet the growing demand for drinking water and for water used in the agricultural and energy sectors
If Brazil has nearly a fifth of the world's water reserves, then why are water shortages so often in the news lately?
There are many answers to that question, ranging from the way in which water resources are geographically distributed and the degradation of the areas surrounding river basins to climate change and poor supply infrastructure.
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Source: World Bank
