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SoFi Releases SoFi Select 500 (SFY) and SoFi Next 500 (SFYX) ETFs
April 11, 2019--With Expense Ratio Waived To Zero, Funds Designed to Provide Investors a Set of Powerful New Portfolio Building Blocks
SoFi announced today the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX).
Both funds have fee waivers in place that lower total fund expenses to zero through at least June 30, 2020.
"When it comes to achieving financial independence, investing isn't a choice-it's a requirement," said SoFi CEO Anthony Noto. "We designed these ETFs to make it as simple and easy as possible for anyone to start investing for the future, without any fees dragging on your returns."
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Source: SoFi
Missing: $500bn of American savingsMissing: $500bn of American savings
April 10, 2019-The greatest trick the Devil ever pulled, was convincing the world that interest income might have existed.
After criticizing the idea, Vanguard to launch low-cost commodities mutual fund, but it ain't for Mom-and-Pop investors
The main driver behind Vanguard's push into commodities appears to be because of demand from big institutions like banks, insurance companies and other professional investors who might otherwise buy a competitor's (read PIMCO) commodities fund with a much higher price tag. view more
Minutes of the Federal Open Market Committee, March 19-20, 2019 CFTC.gov Swaps Report Update WisdomTree Cross-Lists 5 UCITS ETFs in Peru Principal Financial to buy Wells Fargo's retirement unit for $1.2 billion view more Several Deutsche Bank exchange-traded-notes to cease trading Thursday view more Global X Launches GNOM: An ETF targeting the Transformative Genomics Industry
GNOM's launch comes at a time when the DNA sequencing market is experiencing significant growth, with estimates expecting the market to grow from $6.2 billion in 2017 to $25.5 billion by 2025-representing a compound annual growth rate of 19%.i As a result of significant technological advances in the field, it's estimated that anyone with $100 can now sequence their DNA, down from the $100 million it was estimated to cost in 2001.ii
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CBO-The 2019 Budget and Economic Outlook view more
Source: FT.com
April 10, 2019--Local mutual fund giant Vanguard will launch an extremely low-cost commodities mutual fund, but the minimum investment is $50,000.
That's not generally aimed at retail investors--and there are good reasons why.
Source: philly.com
April 10, 2019--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 19-20, 2019. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.
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Source: federalreserve.gov
April 10, 2019--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
April 9, 2019--Company's First UCITS ETFs in Peru Join Growing Set of Strategies Listed in Latin America
WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced that 5 European WisdomTree UCITS ETFs have been listed on The Lima Stock Exchange, Bolsa de Valores de Lima (BVL).
Newly Listed UCITS ETFs:
UCITS ETF Name: WisdomTree US Equity UCITS ETF-Acc
Ticker: DHSA
ISIN: IE00BD6RZT93
UCITS ETF Name: WisdomTree US Quality Dividend Growth UCITS ETF-USD Acc
Ticker: DGRA
ISIN: IE00BZ56RG20
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Source: WisdomTree Investments, Inc.
April 9, 2019-- U.S. retirement plan administrator Principal Financial Group said on Tuesday it would buy Wells Fargo & Co's retirement plan services business for $1.2 billion, as it seeks a larger presence in markets serving mid-sized companies.
The move, first revealed last month by Reuters, marks the latest divestment from Wells Fargo, which has been streamlining its business as it grapples with the fallout of customer abuse scandals.
Source: Reuters
April 9, 2019--A dozen of Deutsche Bank's exchange-traded notes that provide exposure to oil, metals and other commodities are set to stop trading on Thursday, according to a recent filing by the bank.
Exchange-traded notes, including the DB FI Enhanced Global High Yield ETN, the DB Crude Oil Long ETN and the Elements Dogs of the DOW Dow Jones High Yield Select 10 Total Return ETN, will be delisted at the close of trading on Thursday, according to an April 2 filing with the U.S. Securities and Exchange Commission.
Source: Reuters
April 9, 2019-- Global X ETFs, the New York-based provider of exchange-traded funds, announced today the launch of the 13th fund in its Thematic Growth suite, the Global X Genomics & Biotechnology ETF (Nasdaq: GNOM).
Designed to track the Solactive Genomics Index, the fund holds a basket of companies that potentially stand to benefit from advances in the field of genomic science, such as companies involved in gene editing, genomic sequencing, genetic medicine/therapy, computational genomics, and biotechnology.
Source: Global X
April 9, 2019--In CBO's projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years.
CBO's projection of the deficit for 2019 is now $75 billion less-and its projection of the cumulative deficit over the 2019-2028 period, $1.2 trillion less-than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Source: Congressional Budget Office (CBO)
