Americas ETP News
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Lipper U.S. Weekly FundFlows Insight Report: Funds Record Net Positive Flows as All Asset Groups Contribute
March 4, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) took in more than $15.9 billion in net new money for the fund-flows trading week ended Wednesday, February 27. All four asset groups recorded net positive flows for the week, led by money market funds (+$7.6 billion), while taxable bond funds, equity funds, and municipal debt funds posted net inflows of $4.3 billion, $2.3 billion, and $1.7 billion, respectively.
ETFs
ETFs took in net new money of slightly more than $10.0 billion for a fourth consecutive weekly increase. The net inflows into ETFs were paced by equity ETFs (+$7.5 billion), while taxable bond ETFs and muni debt ETFs contributed $2.4 billion and $144 million, respectively, to the total net inflows. For equity ETFs, the two largest individual net positive flows belonged to broad market U.S. equity products SPDR S&P 500 ETF (SPY) and iShares Core S&P Total U.S. Stock Market ETF (ITOT), which took in $2.0 billion and $1.1 billion, respectively
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Source: Refinitiv
State Street Announces Changes to 2 High Yield Bond ETFs: Portfolio Products
March 4, 2019--Also, United Capital added SpiderRock And iCapital Network strategies to its investment platform.
State Street Global Advisors announced several enhancements to two high yield bond ETFs with a combined $8.8 billion in assets.
A 1:3 reverse share split will be implemented to reduce trading costs for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), effective April 1.
In addition, the SPDR ICE BofAML Crossover Corporate Bond ETF (CJNK) will change its index strategy and name, and decrease its expense ratio by 25 basis points, also effective April 1. The new fund name will be SPDR ICE BofAML Broad High Yield Bond ETF and the new underlying index is ICE BofAML US High Yield Index.
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Source: thinkadvisor.com
Largest Gold ETF Shrinks Most in Year as Trade Tensions Ease
March 4, 2019--Investors yanked almost $500 million from State Street fund
Stronger dollar and stocks are also cutting demand for bullion
Investors are pulling cash from the world's largest gold exchange-traded fund at the fastest pace in more than a year as easing trade tensions push buyers out of safe-haven assets.
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Source: Bloomberg
Canadian cannabis fund returns 50% in two months
March 2, 2019--Horizons Marijuana Life Sciences Index set to be country's second most profitable ETF.
The world's first cannabis exchange traded fund is set to become the second most profitable ETF in Canada after returning more than 50 per cent so far this year.
The Horizons Marijuana Life Sciences Index fund has grown to $1.3bn in assets despite some outflows this year, making it the 18th largest Canadian ETF, according to data provider ETFGI.
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Source: FT.com
Deconstruction site: Building an ETF portfolio
March 1, 2019--In? Or Out? Country Inclusion in Fixed Income Global Indexes
Index classification processes are complex. But the details have real implications for investors and markets, say Scott Harman and Nikki Stefanelli.
Index IDEA: The small cap pivot
As investors look for reasons behind the 2019 surge in US equity prices, market experts from FTSE Russell help to put the large cap small cap gap into a broader perspective.
Deconstruction site: Building an ETF portfolio
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Source: FTSE Russell
Federal Reserve Considering to Add Bitcoin Crash to Its Stress Tests
March 1, 2019--If approved, the amendments will come into effect from April 1st.
The United States Federal Reserve is considering to include cryptocurrency market crash as one of the risks for conducting its supervisory stress tests.
Announced by the board of governors of the Federal Reserve System on February 28th, the amendments will be added to the policy statement on the scenario design framework for stress testing and the agency will consider "the collapse of the Bitcoin market" as one of the "salient" market risks.
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Source: financemagnates.com
CFTC.gov Commitments of Traders Reports Update
March 1, 2019--The current reports for the week of March 1, 2019 are now available.
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Source: CFTC.gov
State Street Global Advisors Continues to Strengthen its High Yield Fixed Income ETF Offering
March 1, 2019--Enhancements to two SPDR Fixed Income ETFs designed to meet evolvingneeds of today's investors
State Street Global Advisors, the asset management business of StateStreet Corporation (NYSE: STT), today announced several enhancements totwo high yield bond ETFs with a combined $8.8 billion in assets.
A 1:3reverse share split will be implemented to reduce trading costs for theSPDR Bloomberg Barclays High Yield Bond ETF (JNK). In addition, the SPDRICE BofAML Crossover Corporate Bond ETF (CJNK) will change its indexstrategy and name, and decrease its expense ratio by 25 basis points toprovide investors with low cost, broad high yield exposure.
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Source: State Street Global Advisors
Introducing a new series of multi-asset benchmarks for US Investors
February 28, 2019--FTSE Russell has launched a new set of benchmarks designed to represent the performance of US multi-asset investment portfolios across objectively-defined risk tolerance profiles.
The FTSE Market Based Allocation Index Series initially comprises five indexes designed for the US wealth management and financial advisory community, bridging a gap in index coverage for this important and growing market:
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Source: FTSE Russell
ETFGI reports assets invested in ETFs and ETPs listed in Latin America rises to US$9.5 billion in January 2019
February 28, 2019--ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Latin America saw net outflows of US$US$5.61 million in January, bringing year-to-date net outflows to US$5.61 million.
Assets invested in the Latin American ETF/ETP industry finished the month up 12.42%, from US$8.44 billion at the end of December, to US$9.49 billion, according to ETFGI's January 2019 Latin American ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in the Latin American ETF/ETP industry rise 12.42% in January.
During January 2019, ETFs/ETPs listed in Latin America saw US$5.61 Mn in net outflows.
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Source: ETFGI
