Americas ETP News
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JP Morgan is about to launch the lowest-fee way to bet on the entire US stock market
March 11, 2019--J.P. Morgan is about to launch the JPMorgan BetaBuilders U.S. Equity ETF with a fee of 0.02 percent.
That makes the broad U.S. stock market fund cheaper than similar ETFs from Vanguard, Schwab and BlackRock's iShares.
Schwab and iShares had offered the cheapest U.S. stock market ETFs, charging 0.03 percent .
J.P. Morgan has grown to become one of the largest ETF companies in only a few years, primarily by selling ETFs to its own clients.
J.P. Morgan isn't going to zero fee, but it is about to launch the lowest-fee exchange-traded fund yet offering exposure to the U.S. stock market.
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Source: cnbc.com
Lipper U.S. Weekly FundFlows Insight Report: Funds Post Net Inflows Paced by Money Market Funds
March 11, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) took in almost $20.3 billion in net new money for the fund-flows trading week ended Wednesday, March 6. Net inflows were driven by money market funds (+$28.0 billion), while municipal bond funds contributed $798 million to the total. Equity funds (-$7.0 billion) and taxable bond funds (-$1.5 billion) both saw money leave their coffers.
The net negative flows for taxable bond funds broke a streak of eight consecutive weekly net inflows.
Market Overview
The major equity indices all finished down for the fund-flows trading week. The Dow Jones Industrial Average, S&P 500 Index, and the NASDAQ Composite Index fell 1.20%, 0.75%, and 0.64%, respectively.
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Source: Refinitiv
Auour Launches Instinct Family of Downside Protection Strategies on Integrated Advisors Network's Platform
March 11, 2019--Building on Integrated's 'supported independence' business model, Auour is providing an investment solution for advisors that want to upgrade to the next generation of downside protection.
Auour Investments announced that their Instinct(C) family of strategies is now available to advisors affiliated with Integrated Advisors Network (Integrated).
The Instinct family of strategies is built using low-cost, passively-based ETFs that strive to protect capital in times of duress without the need to sacrifice performance in rising markets. With the Auour Regime Model (ARM(C)) at its core, the Instinct family will allow those advisors using Integrated's platform to gain access to the next generation of downside protection.
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Source: Auour Investments
CFTC.gov Commitments of Traders Reports Update
March 8, 2019--The current reports for the week of March 8, 2019 are now available.
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Source: CFTC.gov
SEC moves to change broker-quote rule called susceptible to penny-stock fraud
March 8, 2019--The US Securities and Exchange Commission has taken the first step to changing a longstanding broker-quote rule to try to protect individual investors without harming capital formation in the wake of numerous penny-stock trading suspensions.
SEC Chairman Jay Clayton said today he has asked staff to "promptly" recommend modifications of the so-called piggyback exception that lets multiple brokers provide quotes on a company that has no recent financial information.
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Source: https://mlexmarketinsight.com
SEC Launches Major Review of Equity Trading Rules
March 8, 2019-Regulatory framework must evolve, chairman says in speech
Measures that were positive in 2005 may no longer be, he says
The U.S. Securities and Exchange Commission is starting a broad review of rules that have underpinned trading on the New York Stock Exchange and Nasdaq markets since 2005, according to the agency's chief.
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Source: Bloomberg
Clayton: SEC Plans to Update Equity Market Rules This Year
March 8, 2019--The plans address issues raised in a series of roundtables with market participants and investors last year. Last year the Securities and Exchange Commission's Division of Trading and Markets held a series of roundtables on issues related to structure of the U.S. equity market, including market data and access, thinly traded securities, and retail fraud and how to prevent it.
On Friday, SEC Chairman Jay Clayton and the division’s director, Brett Redfearn, in a public talk at Fordham University in New York City discussed how the agency plans to address this year some of the issues raised in those roundtables.
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Source: thinkadvisor.com
FTSE Russell Blog-Gender equality-more to be done across the board
March 8, 2019--Index IDEA: US equity markets come together in times of stress
As the old saying,goes, birds of a feather flock together. According to new insight from Tabb Group, CME and FTSE Russell, this has also been true in US equity market indexes during times of market stress
Gender equality-more to be done across the board
Equal boardoom balance remains a distant prospect, our data shows.
Factor valuation considerations
The increasing popularity of factor investing have raised questions about the valuation of factors.
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Source: FTSE Russell
GSAM Launches ETFs to Track Motif Indexes That Focus on the Next Wave of Innovation
March 7, 2019--The Goldman Sachs Motif ETFs provide exposure to companies that are driving the long-term global impact of technology across sectors
Goldman Sachs Asset Management (GSAM) today announced the launch of a suite of five exchange-traded funds (ETFs) that invest in the creators and adopters of innovation, across a range of sectors, market caps and geographies. The ETFs seek to track indices created by Motif, a leading provider of systematic, data-driven indices and strategies.
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Source: Goldman Sachs Asset Management, L.P. (GSAM)
Vanguard Files For Its First Actively Managed ESG Fund
March 7, 2019--Vanguard today added to its current environmental, social, and governance (ESG) fund offerings with Vanguard Global ESG Select Stock Fund. The new active equity fund will be managed by Wellington Management Company LLP and is expected to be available for investment in mid-2019.
"Vanguard's new Global ESG Select Stock Fund is taking a distinctive approach to ESG investing, seeking long-term outperformance through the selection of companies that integrate leading ESG practices into their corporate strategies," said Matthew Brancato, head of Vanguard's Portfolio Review Group.
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Source: Vanguard
