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Fidelity(R) Launches New Model Portfolios with Business Cycle and Factor ETF Strategies
June 13, 2019--Fidelity's Growing Lineup, Available to Financial Advisors, Includes a New Suite of Equity Models
Fidelity Investments(R), one of the largest and most diversified global financial services firms with $7.6 trillion in client assets1, today launched new business cycle model portfolios and factor ETF model portfolios. These models broaden Fidelity Model Portfolios' existing lineup with an expanded universe of investment opportunities.
Fidelity provides a range of model options-including ETFs and mutual funds, active and passive management, strategic and dynamic management approaches, Fidelity funds and offerings from leading fund providers-all focused on helping advisors meet their clients' needs.
The business cycle model portfolios incorporate a dynamic investment approach based on shifts in the business cycle, designed to enhance risk-adjusted returns. The factor ETF model portfolios are designed to help achieve specific outcomes in the U.S. equity allocation of a portfolio. They expand upon Fidelity's existing offering, which includes models designed for core diversification as well as distribution income.
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Source: Fidelity Investments
New 'megatrend' ETFs let you invest in everything that's cool
June 13, 2019--BlackRock has an ETF for virtually any niche you might want to invest in. Now BlackRock has launched a new suite of products so investors can tackle so-called "megatrends"
The new exchange-traded funds promise to be the purest way to access emerging areas, including robotics and AI, genomics, energy innovation and the developing world's emerging middle class.
To profit from investing in a trend, you have to go beyond investing in just one stock, according to BlackRock (BLK).
You shouldn't buy only Tesla (TSLA) if you want to get exposure to electric and self-driving vehicles, said Armando Senra, head of US, Canada and Latin America iShares.
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Source: CNN
U.S. Weekly FundFlows Insight Report: Fund Flows Turn Positive for the Week
June 13, 2019--For the first week in three, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $25.3 billion for Lipper's fund-flows week ended June 12, 2019. Fund investors were net purchasers of money market funds (+$12.9 billion), taxable fixed income funds (+$7.2 billion), equity funds (+$4.4 billion), and municipal bond funds (+$778 million).
Market Wrap-Up
For the fund-flows week ended June 12, 2019, the broad-based U.S. indices posted their second consecutive week of plus-side returns, as U.S./Mexico trade tensions declined and a weaker-than-expected nonfarm payrolls report had some pundits believing the Federal Reserve's next move might be on the accommodative side.
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Source: Refinitiv
BlueStar Israel Equity Review & Outlook-Israeli Stocks Resume Their Lead Against Major Benchmarks; Israeli Tech Proves Resilient In May, Delivering Impressive Relative & Absolute Performance In 2019 YTD
June 12, 2019--Israeli stocks, as defined by the BlueStar Israel Global Index(R) (BIGI(R)), posted a loss of 4.23% in May, extending its relative YTD 2019 outperformance versus the S&P 500, MSCI EAFE, and MSCI EM by 0.54%, 3.22%, and 7.18% respectively.
Israeli technology stocks, as defined by The BlueStar Israel Global Technology IndexTM (BIGITech(R)), lost just 1.09%, demonstrating impressive resiliency in May compared to the Dow Jones US Tech and MSCI EM tech indexes, down 9.51% and 10.7%, respectively.
BIGITech(R) continues its 2019 relative and absolute dominance against leading tech benchmarks, pulling ahead of Dow Jones US Tech by 4.73%, S&P Global 1200 Info Tech by 5.31%, and MSCI EM Tech by 16.08% for the year to-date.
BIGI(R) gave back 1.12% in relative performance against the local Israeli TA-125 Index in May, but still maintains a slight outperformance YTD, as the TA-125 has missed out on some of Israe''s top foreign-listed technology companies.
The Israeli Shekel continues to provide stability against the US Dollar, finishing May at par to 12 months ago.
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Source: Blue Star Indexes
CFTC.gov Swaps Report Update
June 12, 2019-CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
RBC iShares broadens ETF offering with RBC Canadian Discount Bond ETF
June 12, 2019-- RBC iShares today expanded its exchange traded fund lineup with the launch of the RBC Canadian Discount Bond ETF (the "ETF"). The ETF, managed by RBC Global Asset Management Inc. ("RBC GAM Inc."), provides a low cost, one-stop fixed income solution designed to provide tax-efficient returns for investors. The ETF will begin trading on the NEO Exchange today.
The RBC Canadian Discount Bond ETF aims to deliver an attractive after-tax yield to maturity. The ETF will purchase short-term, high-quality Canadian government and corporate bonds, with an emphasis on bonds priced below par. Drawing from the award-winning1 investment expertise of RBC Global Asset Management's Fixed Income team, this ETF is a complement to an investor's core bond portfolio, designed to shorten duration, improve capital preservation as well as tax efficiency of investors' fixed income portfolios.
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Source: RBC Global Asset Management
Pacer ETFs' 4th Birthday Comes Amid Successful Fund Launches and Explosive AUM Growth
June 11, 2019---In just four years, Pacer ETFs has grown into a well-regarded and recognized name in the exchange traded fund industry thanks to the success of their thematic, rules-based ETF strategies and the support of financial advisors and investors who believe in the firm's unique strategies.
Pacer ETFs, formed after Pacer Advisors was founded by a breakout group of financial industry veterans, celebrates more than their 4th birthday today. The firm now offers 20 rules-based ETFs, and boasts a record AUM of $4.35B, 70+ employees and a brand-new Malvern, PA office.
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Source: Pacer ETFs
IDX Insights Launches Series of Tactical Commodity Indices
June 11, 2019-- IDX Insights, a research & development firm, announces the launch of its first of a series of tactical Commodity ETN indices utilizing the Barclays iPath Commodity ETNs.
The IDX Tactical Long/Flat Commodity Index is designed to provide diversified exposure across the 7 iPath sector commodity ETNs with the ability to allocate 100% to a "cash-substitute" ETF.
The index uses IDX's proprietary "Composite Momentum" score to evaluate each sector ETN monthly to determine which sectors to include and at what weighting.
The IDX Strategic Commodity Beta Index utilizes the collective momentum score from the sector commodity ETNs to determine the allocation between the iPath Pure Beta Broad Commodity ETN (BCM) and the iShares Core US Aggregate Bond ETF (AGG).
The IDX Commodity Momentum Index uses the composite momentum score to dynamically allocate among the 7 sector commodity ETNs with 100% long-only exposure at all times.
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Source: IDX Insights
Middlefield Expands Actively Managed ETF Platform
June 11, 2019---Middlefield Group is pleased to announce the expansion of its actively managed ETF platform through the conversions of Middlefield Health & Wellness Dividend Fund (TSX: HWF.UN) and American Core Sectors Dividend Fund (TSX: ACZ.UN), as approved by unitholders at special meetings held on May 17, 2019.
These additions to Middlefield's ETF platform provide value-added solutions to investors and financial advisors looking for unique, actively managed strategies which investors would have difficulty replicating with passive investment products.
Commencing today, Middlefield Health & Wellness ETF (new TSX ticker symbol: HWF) and Middlefield American Core Dividend ETF (new TSX ticker symbol: ACZ) begin trading as ETFs.
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Source: Middlefield Health & Wellness ETF; Middlefield American Core Dividend ETF
Wells Fargo launches outsourced trading with new prime trade services group
June 11, 2019--Wells Fargo has unveiled its new prime trade service group with access to high-and low-touch outsourced trading functions.
US investment bank Wells Fargo has confirmed the launch of its new prime trade services group to provide buy-side clients with access to outsourced and agency trading.
In a statement, Wells Fargo said that the prime trade service group will offer investment firms, ranging from start-up to institutional, experienced traders with the ability to act as an extension of their trading desks.
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Source: thetradenews.com
