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Goldman Sachs is backing off the investing thesis it's held for the past two years
February 11, 2019--Goldman Sachs is ending its strategy of betting on companies with strong balance sheets.
The group as a whole has outperformed those with higher debt by 25 percent points since late 2016.
'The risk-reward has recently become less favorable," Goldman strategist David Kostin says.
A more accommodative Federal Reserve and the prospects for stable economic growth ahead have promoted Goldman Sachs to close a popular trade that it has backed for the past two years.
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Source: cnbc.com
ETF Trends and ETF Database Merge Online Resources
February 8, 2018--Combined Platform Emerges as Largest ETF-Centric, Data-Rich Hub Available to Advisors
ETF Database (ETFdb.com), the world's largest, independent ETF-centric website focused on ETF research and fund flow decisioning tools, and ETF Trends (ETF Trends), the global leader in virtual ETF education, announced they have merged website resources to arm advisors with a powerful data platform to thrive in their growing industry.
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Source: ETF Trends, ETF Database
Purpose Investments Inc. Confirms the Automatic Conversion of Class A2 Units into Class T Units of U.S. Banks Income & Growth Fund
February 8, 2019--Purpose Investments Inc, the manager of U.S. Banks Income & Growth Fund (the "Fund"), announced today that the Class A2 units of the Fund were automatically converted in accordance with their terms into Class T units, effective February 8, 2019.
The exchange ratio used for the conversion is 1.025716 Class T units for each Class A2 unit. The Class T units are exchange traded under ticker symbol PUB.UN on the Aequitas NEO Exchange.
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Source: Purpose Investments Inc.
Tortoise Launches Two Digital Infrastructure Exchange-Traded Funds: TCLD and TPAY
February 8, 2019--Tortoise today announced the launch of two digital infrastructure ETFs, Tortoise Cloud Infrastructure Fund (Cboe BZX: TCLD) and Tortoise Digital Payments Infrastructure Fund (Cboe BZX: TPAY).
Tortoise invests in essential assets across the infrastructure spectrum. These are assets that are indispensable to the economy and society. Digital infrastructure is the backbone of the digital revolution, including everything that transfers, stores and processes digital information. TCLD and TPAY isolate what Tortoise believes are the fastest areas of growth in technology, that are also essential assets.
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Source: Tortoise
Legg Mason Launches New Actively-Managed Short Duration Income ETF, Subadvised By Affiliate Western Asset Management
February 8, 2019--Legg Mason, one of the world's largest asset management firms, today announced the launch of its newest actively managed exchange traded fund (ETF), the Western Asset Short Duration Income ETF (NASDAQ: WINC).
A short-duration (0-3 years) fixed-income strategy, WINC seeks to generate current income via a diversified portfolio with an emphasis on low interest rate sensitivity, higher credit quality and active credit selection.
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Source: Legg Mason
BlueStar Israel Equity Review & Outlook-February 2018
February 8, 2019--ISRAELI TECH STOCKS NEAR ALL-TIME HIGHS AFTER STRONG RECOVERY FROM DECEMBER MELT-DOWN; ISRAEL LEADING ALL MAJOR MARKET INDEXES IN 2019
Israeli stocks, as defined by the BlueStar Israel Global Index(R) (BIGI(R)), outpaced all major market indexes in January, posting a solid 10.68% gain.
BIGI(R), now nearly recovered from the December sell-off, extended its 2018 dominance against MSCI EAFE by an additional 4.09% YTD.
Israeli technology stocks, as defined by The BlueStar Israel Global Technology Index™ (BIGITech(R)), bounced back strongly in January, erasing December woes, with an impressive 11.48% return to lead global tech markets YTD.
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Source: BlueStar Global Investors LLC
CFTC.gov Commitments of Traders Reports Update
February 8, 2019--The current reports for the week of February 8, 2018 are now available.
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Source: CFTC.gov
Fidelity expands Model Portfolios line-up with two new income models leveraging both ETFs and mutual funds
February 7, 2019--Fidelity Bond Income Model Portfolio and Fidelity Multi-Asset Income Model Portfolio, available for financial advisors, are designed to maximize risk-adjusted yield
Fidelity Investments(R), one of the largest and most diversified global financial services firms with $6.7 trillion in client assets1, today launched the Fidelity(R) Bond Income Model Portfolio and Fidelity Multi-Asset Income Model Portfolio, the first models offered by Fidelity to include ETFs, along with active and passive mutual funds.
The new models aim to generate a high level of income while focusing on managing risk through fixed income and multi-asset class investing. They expand upon Fidelity’s existing model portfolios launched in 2018, which offer total return solutions within specific levels of risk.
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Source: Fidelity Investments
U.S. Weekly FundFlows Insight Report: Mutual Fund and ETF Fund Flows Diverge for the Week
February 7, 2019--For the second week in three, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $30.8 billion for Lipper's fund-flows week ended February 6, 2019.
Fund investors were net purchasers of money market funds (+$20.5 billion), taxable fixed income funds (+$6.5 billion), equity funds (+$2.6 billion), and municipal bond funds (+$1.1 billion).
Market Wrap-Up
Investors continued to be risk-seeking during the fund-flows week, cheering a blockbuster nonfarm payroll report, dovish comments by the Federal Reserve Board, increased optimism around a China/U.S. trade agreement, and generally good Q4 earnings reports and forward guidance.
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Source: Refinitiv
DR Index Monthly Performance-January 2019
February 7, 2019--The BNY Mellon DR Index Monthly Performance for January 2019 report is now available.
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Source: BNY Mellon
