Americas ETP News
If your looking for specific news, using the search function will narrow down the results
From veganism to #BLM: Big Data promises to transform niche ETFs
November 8, 2020--Better research and targeting of thematic funds is enhancing their appeal, experts say
Ethan Powell says he has a vision. The founder of Impact Shares wants to get to the day when someone "likes" a pro-Black Lives Matter item on social media and then finds themselves presented with an advert for the non-profit's NAACP Minority Empowerment exchange traded fund.
Mr Powell is not alone in thinking that day is not far off. Advances in big data and artificial intelligence look set to expand the reach of so-called thematic ETFs, which allow investors to focus on anything from Christian values, to water shortages or particular social issues.
view more
Source: FT.com
Federal Reserve issues FOMC statement
November 5, 2020--The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year.
Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
view more
Source: federalreserve.gov
House Republicans introduce bill to forbid financial transaction taxes
November 5, 2020--Two key Republican House members have introduced a bill that would prohibit states from imposing taxes on financial transactions.
Rep. Patrick McHenry, R- N.C., ranking member on the House Financial Services Committee, and Rep. Bill Huizenga, R-Mich., ranking member on the Investor Protection, Entrepreneurship and Capital Markets Subcommittee, unveiled the Protecting Retirement Savers and Everyday Investors Act on Oct. 27.
The bill's introduction comes at a time when lawmakers in New Jersey are considering a proposal that would levy a tax on all stock trades that occur in New Jersey, where the major exchanges house their processing centers. Exchanges, like the New York Stock Exchange and Nasdaq, and groups like the Securities Industry and Financial Markets Association, oppose the proposed tax.
view more
Source: pionline.com
IMF Executive Board Concludes 2020 Article IV Consultation with Mexico
November 4, 2020--Mexico has been hit hard by COVID-19. Official statistics indicate that over 85,000 lives have been lost. About 12 million workers lost their jobs, many of whom came from the informal sector, out of which around 4 million have not returned to the workforce. The share of the population in working poverty jumped from 36 to 48 percent, as of June.
Output is expected to decline by 9 percent in 2020, the steepest contraction since the Great Depression. It is expected to recover modestly going forward. Although inflation has edged up on account of exchange rate passthrough and supply disruptions, it is projected to decline gradually as domestic demand remains suppressed by labor market dislocation, wealth effects, and concerns about the path of the pandemic.
view more
Source: IMF
Indxx Exceeds $10 Billion in Assets Tracking its Indices
November 4, 2020--Indxxis excited to announce that products tracking Indxx indices have surpassed the $10 billion assets under management landmark. Founded in 2005 and with offices in New York, Miami, Prague and New Delhi, Indxx is full-service index provider that is redefining indexing by bringing innovative product solutions to the market.
PK Sen Sharma, Founder & Managing Partner at Indxx, said, "It's been an incredible journey for us since our establishment in 2005. We started the company with an aim to bring innovative solutions to the indexing space. I'm very delighted at the progress we’ve made as a company and our contributions to the industry.Kudos to the entire team."
view more
Source: Indxx
NYSE wins back listing crown from Nasdaq after luring Spacs
November 1, 2020--Boom in blank-cheque company launches adds new twist to age-old rivalry between exchanges
The New York Stock Exchange is on track to steal back the crown for US stock market listings from its rival Nasdaq this year after tapping into the booming market for blank cheque companies.
Companies have raised $66bn through listings on NYSE this year compared with $61bn on Nasdaq, according to Dealogic, with nearly two-thirds of the proceeds raised on NYSE coming from special purpose acquisition companies-Spacs-which have become one of the hottest fads on Wall Street.
view more
Source: FT.com
Labor Department Curbs Sustainable Investing in 401(k)s
October 30, 2020-Money managers who commented on the rule largely opposed it
The Department of Labor adopted a final rule that could curb investing in 401(k)s based on environmental and social issues.
First proposed in June, the rule published Friday requires that funds in retirement plans only consider risk-and-return for stocks and bonds-and not environmental or social issues.
"This rule will ensure that retirement...
view more
Source: wsj.com
Ridgeline Research Launches ACVF, The "American Conservative Values ETF" Focused On Large Capitalization US Equities
October 30, 2020--Ridgeline Research announces the launch of ACVF, The American Conservative Values ETF.
AMERICAN CONSERVATIVE VALUES ETF (ACVF)
ACVF is the first-ever ETF that will attempt to align investments with the beliefs and values of politically conservative investors.
We "Boycott" companies that do not align with conservative values, bringing together a community of conservative investors.
view more
Source: Ridgeline Research
Flow Traders and other market makers join ICE ETF Hub basket negotiation pilot
October 29, 2020--Brownstone Investment Group, Sumridge, and Wolverine have joined Flow Traders in participating in the ICE ETF Hub basket negotiation pilot scheme.
Flow Traders has signed up to participate in a pilot scheme to assemble custom baskets for ETFs in the ICE ETF ecosystem alongside three other market makers.
Brownstone Investment Group, Sumridge, and Wolverine join Flow Traders and existing market makers Jane Street, Old Mission, and CTC, also participating in the pilot scheme in the ICE ETF Hub.
view more
Source: thetradenews.com
Introducing the Global X Data Center REITs & Digital Infrastructure ETF
October 29, 2020--On October 29th, 2020, we introduced the Global X Data Center REITs & Digital Infrastructure ETF (VPN) on Nasdaq. VPN seeks to invest in companies that operate data center REITs and other digital infrastructure expected to benefit from the development of 5G and next generation communication networks.
Data Centers & Cellular Towers: The Backbone of Our Digital World
A confluence of multiple digital technologies are expected to define this decade: billions of internet connected devices will transmit zettabytes of data across blazing fast 5G networks, which will be stored or analyzed in the cloud by sophisticated artificial intelligence algorithms.
As much as these technologies appear to occur effortlessly and out of thin air, they require an extensive network of physical infrastructure and hardware. Cellular towers transmit and receive radio signals to wireless devices, while data centers host servers that store and process information. Together, they form the backbone of the digital and wireless technologies that we use daily.
view more
Source: Global X Funds
