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New Research from Fidelity(R) Finds Institutional Investments in Digital Assets Are Likely to Increase over the Next Five Years
May 2, 2019--Institutional Investors See a Place for Digital Assets in Investment Portfolios
Institutional investors are finding appeal in digital assets and many are looking to invest more in digital assets over the next five years, according to new research from Fidelity Investments(R).
According to the survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the past three years. Four in ten respondents say they are open to future investments in digital assets over the next five years.
These findings are part of a Fidelity Investments research study to better understand how institutions, advisors, and investors think about digital assets both overall, and as part of an investment portfolio. More than 400 U.S. institutional investors were surveyed, including pensions, family offices, crypto and traditional hedge funds, financial advisors and endowments and foundations.
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Source: Fidelity
U.S. Weekly FundFlows Insight Report: Despite Record Highs for the S&P 500, Investors are Net Redeemers of Equity Funds for the Week
May 2, 2019--For the second week in a row, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $15.0 billion for Lipper’s fund-flows week ended May 1, 2019. However, the headline numbers are misleading. Fund investors were net purchasers of money market funds (+$16.0 billion) and municipal bond funds (+$1.2 billion), but were net redeemers of equity funds (-$1.8 billion) and taxable fixed income funds (-$352 million).
Market Wrap-Up
The S&P 500 Index strung together three consecutive days of record closes during the fund-flows week ended May 1, 2019, as investors cheered generally strong Q1 earnings reports and a continuation of talks with Chinese trade delegates. While the NASDAQ Composite Index got a shot in the arm early in the flows week on encouraging news from the likes of Facebook, disappointing sales figures from Alphabet weighed on the tech-heavy index toward the end of the flows week. However, the major U.S. indices remained range-bound during the flows week—most posting downside returns—as investors focused on mixed economic data and the Federal Open Market Committee meeting that concluded on Wednesday.
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Source: Refinitiv
French newcomer to list hedge fund clone ETF in the US
May 2, 2019--iM Global Partners is set to make its ETF debut by listing a managed futures ETF that clones the asset allocations of America's top commodity trading advisor hedge funds.
The iM DBi Managed Futures Strategy ETF (DBMF) will use a proprietary quantitative model to get a good idea of “the current asset allocation of a selected pool of the largest commodity trading advisor hedge funds,” the prospectus says. It will then work to try and clone them, going entirely off the model.
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Source: etfstream.com
Mexico needs a new strategy to boost growth, fight poverty and improve well-being for all
May 2, 2019--The Mexican economy is expanding at a moderate pace, underpinned by a strong macroeconomic framework and robust exports tied to the country's deep integration into global value chains.
A new strategy is now needed to boost growth, reduce high levels of poverty and inequalities, and improve well-being for all Mexicans, according to a new report from the OECD.
The latest OECD Economic Survey of Mexico discusses the links between low living standards and stagnant productivity, poor educational outcomes, weak rule of law, obstacles to competition and widespread informality. The Survey projects growth of about 1.6% this year and 2.0% in 2020, in the context of a slowing world economy and persistent trade tensions that risk disrupting exports, private sector investment and global value chains.
view the OECD Mexico Economic Snapshot
Source: OECD
The Forum at ETF Research Center May 2019 Sector SPDR Analyzer
May 2, 2019--The ETF Analyzer, Sector SPDR Edition for May 2019 is ready for download. This monthly publication has succinct one-page reports on each of the 11 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition. It helps investors:
Evaluate the funds based on investment merit using fundamental data and analysis
Compare the Sector SPDRs with ease on a variety of forward-looking valuation metrics
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Source: The Forum at ETF Research Center
Asset managers preparing to launch nontransparent ETFs
May 1, 2019--With SEC approval closer than ever, fund companies focus on the latest ETF twist
Financial advisers would be wise to start boning up on the ins and outs of nontransparent exchange-traded funds, because they might be coming soon to a platform near you.
For years, asset managers have been trying to quietly nudge the concept of an ETF that discloses its portfolio holdings on a delayed basis, like a mutual fund, through regulatory approval. The three-quarters nod of approval earlier this month from the Securities and Exchange Commission is as close as these ETFs have gotten to reality.view more
Source: Investment News
Timothy Plan, Pioneer of Biblically Responsible Investing, Announces Two New ETFs
May 1, 2019-New Exchange-Traded Funds Will Further Help the Faithful Honor God With Their Money
Timothy Partners, LTD., advisor to the Timothy Plan family of funds, is announcing today the introduction of two new Exchange-Traded Funds (ETFs) that will help Christian investors continue to honor God with their money.
Launching Wednesday, May 1, Timothy Plan Large Cap Core and Timothy Plan High Dividend Stock ETF funds, like other ETFs, are an affordable, transparent, tax-efficient and simple way to invest, and steward their God-given resources wisely.
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Source: Timothy Partners, Ltd.
Federal Reserve issues FOMC statement
May 1, 2019--Information received since the Federal Open Market Committee met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low.
Growth of household spending and business fixed investment slowed in the first quarter. On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2 percent. On balance, market-based measures of inflation compensation have remained low in recent months, and survey-based measures of longer-term inflation expectations are little changed.
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Source: federalreserve.gov
Non-transparent active ETFs face headwinds
April 30, 2019--Despite the SEC's preliminary approval of Precidian Investments' non-transparent active ETF structure, analysts believe that it will take a while for asset managers and ETF strategists to get on board.
The Securities and Exchange Commission (SEC)'s recent decision to move towards approving Precidian funds sparked optimism among asset managers hopinh to launch non-transparent active ETFs, but such products still face multiple headwinds, according to a new report by Cerulli.
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Source: citywireusa.com
Sustainable Investing Firm Ethic Inc. Adds Jennifer Grancio to Advisory Board
April 30, 2019--Ethic Inc. ("Ethic"), the tech-driven asset management platform that powers sustainable equities solutions for wealth advisors and institutional investors, today announced the addition of exchange-traded fund industry veteran Jennifer Grancio to its advisory board.
Ms. Grancio brings almost two decades of financial services industry experience, having held senior executive positions within BlackRock's venerable iShares business for more than 18 years.
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Source: ETHIC
