Americas ETP News
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Federal Reserve Bank of NY-Climate Stress Testing
September 30, 2021--Climate change could impose systemic risks upon the financial sector, either via disruptions in economic activity resulting from the physical impacts of climate change or changes in policies as the economy transitions to a less carbon-intensive environment. We develop a stress testing procedure to test the resilience of financial institutions to climate-related risks.
Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in the collapse of fossil-fuel prices in 2020.
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Source: newyorkfed.org
CBO-Federal Debt and the Statutory Limit, September 2021
September 29, 2021-Summary
The debt limit-commonly called the debt ceiling-is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased over the years to finance the government's operations.
The Bipartisan Budget Act of 2019 (Public Law 116-37) suspended that limit until July 31, 2021. On August 1, the debt limit was reset to $28.4 trillion; on the following day, the Treasury announced a "debt issuance suspension period" during which, under current law, it may take "extraordinary measures" to borrow additional funds without breaching the debt ceiling.
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Source: CBO-(Congressional Budget Office)
Day Hagan Debuts 2nd ETF
September 29, 2021--Day Hagan Asset Management is rolling out a complementary fund to its $299 million Day Hagan/Ned Davis Research Smart Sector ETF (SSUS), which launched in January 2020.
The actively managed Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) invests in different categories of the bond markets based on a proprietary model, similar to what SSUS does with equity sectors.
The new fund coms with an expense ratio of 0.79% and lists on the NYSE Arca.
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Source: yahoo.com
T. Rowe Expands ETF Business With Actively Managed Bond Funds
September 29, 2021--T. Rowe Price Group Inc., the $1.68 trillion money manager that started its first exchange traded fund last year, added three actively managed bond funds to its lineup.
The offerings expand the firm's ETF roster to eight funds, Baltimore-based T. Rowe said in a statement issued Wednesday.
The move is part of a surge of interest in actively managed ETFs over the past year as money managers seek to attract investors to new products that look to beat benchmarks instead of tracking indexes. Inflows into active ETFs are on pace to surpass last year's record.
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Source: bnnbloomberg.ca
EMQQ Founder Kevin T. Carter Debuts New ETF: The Next Frontier Internet and Ecommerce ETF (FMQQ)
September 28, 2021--Fund offers investors access to the companies leading the fast-growing ecommerce and internet sector in Emerging and Frontier markets of Asia, Africa, Latin America, and Eastern Europe; excludes China
Kevin T. Carter, the founder of EMQQ, one of the largest and best-performing Emerging Markets ETFs over the last three and five years1, today announced the introduction of the second Exchange Traded Fund from him and his colleagues: the Next Frontier Internet & Ecommerce ETF: FMQQ (FMQQetf.com).
FMQQ trades on the New York Stock Exchange (NYSE) and will provide investors targeted exposure to the non-Chinese companies that are in EMQQ.
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Source: FMQQ
Nuveen Launches Two New ETFs, Bolstering Both Actively-Managed and Index-Tracking Line Up
September 28, 2021--The firm adds to the existing suite of 16 unique funds and reduces expense ratios for 9 funds
Nuveen today launched the following two new ETFs, building on the firm's proud history of helping investors build better financial futures:
The Nuveen Growth Opportunities ETF (NYSE:NUGO) is actively managed by Karen Hiatt, CFA, and will seek to outperform the Russell 1000 Growth Index by investing in 40-65 high conviction securities, making up approximately 10% of the broader index.
The Nuveen ESG Dividend ETF (Cboe:NUDV) is the first ESG Dividend ETF in the industry to incorporate a low carbon criteria1. The fund is focused on providing yield and seeks to track an ESG-enhanced custom index developed by Nuveen's Responsible Investing team.
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Source: Nuveen
Fidelity Broadens Fractional-Share Feature to Financial Advisers
September 28, 2021--Fidelity Investments, one of the world's biggest money managers, will allow financial advisers to buy fractional shares of stocks and exchange-traded funds, a year after offering the feature to individual investors.
"It's a first step in a really big commitment we have to offer greater personalization tools for financial advisers," Matt Goulet, Fidelity's senior vice president of portfolio solutions, said in an interview.
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Source: bnnbloomberg.ca
State Street Global Advisors Expands Fixed Income ETF Offering with Debut of SPDR(R) Loomis Sayles Opportunistic Bond ETF
September 28, 2021--Actively managed ETF invests across the credit universe and maturity curve seeking to diversify sources of income and maximize risk-adjusted total return potential
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Loomis Sayles Opportunistic Bond ETF (OBND).
State Street Global Advisors Expands Fixed Income ETF Offering with Debut of SPDR(R) Loomis Sayles Opportunistic Bond ETF
The fund provides exposure to a mix of investment-grade, high-yield, non-U.S. dollar denominated debt, leveraged loans and securitized issuers. OBND, an actively managed fund sub-advised by Loomis Sayles, was developed to help investors navigate ever-changing global credit conditions.
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Source: State Street
Simplify Asset Management Launches the Simplify Risk Parity Treasury ETF (TYA)
September 28, 2021--New ETF is designed to provide investors with capital-efficient duration exposure while simultaneously seeking to amplify yield curve efficiencies in the middle of the curve
-Simplify Asset Management ("Simplify"), an innovative provider of options-based Exchange Traded Funds ("ETFs"), today announced the launch of its newest ETF: the Simplify Risk Parity Treasury ETF (TYA).
TYA is designed to provide significant duration via modest capital allocation, while simultaneously seeking to harvest yield curve benefits from the middle of the curve. It does so by investing in a combination of US Treasuries and US Treasury futures from the middle of the curve, and targets fund-level duration equal to that of the ICE 20+ Year US Treasury Index.
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Source: Simplify Asset Management Inc
Foothill Capital Management Announces the Cannabis Growth ETF
September 27, 2021--Foothill Capital Management www.foothillcap.com announced today the conversion of its Cannabis Growth Fund (CANIX), which launched in 2019, into the Cannabis Growth ETF (BUDX).
The specialized asset manager believes that the new structure could bring investors all the potential benefits of focused exposure to the dynamic and growing scope of cannabis, combined with the accessibility, flexibility and costs of an active ETF.
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Source: Foothill Capital Management
