Americas ETP News
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Tech stock shocks put ETF investors' concentration risk to the test
October 5, 2022--2022 has turned out to be a terrible year for many investors due to stock market declines fueled by worries about a global recession, rising inflation, and higher interest rates.
Furthermore, exchange traded funds that focus on disruptive, high-growth businesses have been hit particularly hard. Cathie Wood's flagship Ark Innovation ETF, the poster child for such ETFs, has a paper loss for the year ending on September 28 of 64% in US dollars, reported the Financial Times.
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Source: wealthprofessional.ca
Social and infrastructure investments can drive growth and shared prosperity in Latin America and the Caribbean
October 4, 2022-- Latin America and the Caribbean economies have recovered to their pre-pandemic levels and the region has regained some sense of normalcy, but economies need to be reignited in order to avoid a new low-growth cycle. Social and infrastructure investments can be key drivers of growth and shared prosperity, according to a new World Bank report, "New Approaches to Closing the Fiscal Gap."
The report estimates regional GDP will grow by 3.0 percent in 2022, a higher than previously expected rate due to rising commodities prices.
However, strong global uncertainty as a result of the war in Ukraine, higher interest rates in developed countries and the persistent inflationary pressures will impact economies in the region. Low growth rates of 1.6 and 2.3 are expected in 2023 and 2024, respectively, similar to the lackluster levels of the decade of 2010 and insufficient to achieve significant progress in reducing poverty. Inflation, while for most countries is at OECD levels, will require continued efforts to reduce to previous target levels.
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Source: worldbank.org
New Bitwise Web3 ETF (BWEB) Set To Capture One of the Biggest Growth Opportunities in Tech
October 4, 2022--October 4, 2022--Bitwise Asset Management, the world’s leading crypto index fund manager with more than $1.3 billion in assets under management,1 today announced the launch of the Bitwise Web3 ETF (ticker: BWEB).
The strategy gives investors access to companies well positioned to benefit from the emergence of Web3, a term used to describe the next wave of the internet's development characterized by greater decentralization and individual ownership of data.
As the Web3 name suggests, one well-established paradigm defines the internet's evolution in three stages. The earliest version of the Web (Web1) consisted of "read-only" web sites.
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Source: Bitwise Asset Management
Can 'K-pop' deliver a global ETF hit?
October 3, 2022--South Korean entertainment has stormed to the top of the global charts-and now an ETF provider is hoping that acclaim can translate into financial gains for exchange traded fund investors beyond the Asian country.
Research suggests that thematic ETFs, on average, underperform- partly because, by the time they launch, they are already late to the party. But CT Investments, a newcomer to the ETF industry, thinks the craze for Korean entertainment is far from over.view more
Source: ft.com
Fund managers pull nearly 130 single-stock ETF applications
September 30, 2022--The funds would have been linked to the price of non-US companies such as Saudi Aramco and Alibaba
Three fund managers have withdrawn applications for almost 130 single-stock exchange traded funds prompting suggestions that US regulators had privately told them the ETFs would not be approved.
Kelly Intelligence, Roundhill Investments and Tema Global had filed with the Securities and Exchange Commission to create ETFs linked to the share price of a slate of non-US companies, such as Saudi Aramco, Volkswagen and Tencent.
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Source: ft.com
Simplify Launches Innovative ETF Combining Income Generation With Bitcoin
September 30, 2022--The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is first ETF to provide exposure to bitcoin while generating income by selling short-dated put or calls spreads on the most liquid global equity indices
Simplify Asset Management ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs"), is today announcing the launch of its newest fund, the Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ: MAXI).
MAXI is the first ETF designed to provide investors not only with exposure to bitcoin but also with the potential to generate income by selling short-dated put or call spreads on the most liquid global equity indices.
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Source: Simplify Asset Management Inc.
Avantis Reaches Three-Year Anniversary,, Continues To Expand Offering
September 29, 2022--This week, Avantis Investors, an investment offering from global asset manager American Century Investments, reached the three-year anniversary of bringing its first five equity ETFs to the market.
Each of the five initial Avantis ETFs has surpassed $1 billion in assets under management at the three-year mark, and Avantis collectively now manages nearly $14 billion* across 16 strategies.
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Source: American Century Investments
Putnam Investments to Launch Two Innovative Active ETFs
September 28, 2022--Firm to Offer First Actively Managed Business Development Company ETF Additionally Putnam to Offer New Biology Revolution ETF,
September 28, 2022--On Friday, September 30, Putnam Investments will begin to offer two new transparent, actively managed, equity exchange-traded funds (ETFs).
The firm will be launching Putnam BDC Income ETF, concentrating in business development companies (BDCs), and Putnam BioRevolutionTM ETF, centered on companies operating at the intersection of technology and biology in the "biology revolution."
One important milestone of the upcoming launch is that the Putnam BDC Income ETF will represent the first actively managed BDC ETF in the marketplace, investing in a host of BDC opportunities with an eye toward generating income for investors.
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Source: Putnam Investments
John Hancock Investment Management announces the launch of its U.S. High Dividend ETF
September 28, 2022--John Hancock Investment Management, a company of Manulife Investment Management, announced today that it has launched John Hancock U.S. High Dividend ETF (NYSE: JHDV). The ETF is actively managed and subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager.
The investment objective of JHDV is to seek a high level of current income with long-term growth of capital as a secondary objective. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying U.S. large-and mid-cap equity securities. These dividend-paying U.S. large- and mid-cap equity securities are incorporated in, or have their primary listing in, the United States.
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Source: John Hancock Investment Management
CBO-Trends in the Distribution of Family Wealth, 1989 to 2019
September 27, 2022--CBO examines changes in the distribution of family wealth from 1989 to 2019 and analyzes those changes in relation to several family characteristics. In addition, the agency examines how total family wealth has changed since 2019.
Summary
Building on earlier work by the Congressional Budget Office, this report examines changes in the distribution of family wealth (a family's assets minus its debts) from 1989 to 2019 and analyzes those changes in relation to several family characteristics-income, level of education, race and ethnicity, age, and birth cohort. In addition, the report examines how total family wealth has changed since 2019.
Total Wealth. The total real wealth (that is, wealth adjusted to remove the effects of inflation) held by families in the United States tripled from 1989 to 2019-from $38 trillion in 2019 dollars (roughly four times the nation's gross domestic product, or GDP) to $115 trillion (about five times GDP).
Concentration of Wealth. The growth of real wealth over the past three decades was not uniform: Family wealth increased more in the top half of the distribution than in the bottom half. Families in the top 10 percent and in the top 1 percent of the distribution, in particular, saw their share of total wealth rise over the period. In 2019, families in the top 10 percent of the distribution held 72 percent of total wealth, and families in the top 1 percent of the distribution held more than one-third; families in the bottom half of the distribution held only 2 percent of total wealth.
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Source: CBO (Congressional Budget Office)
