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Stoplight system could spot meltdowns ahead-study
April 22, 2019--Proposed traffic light system sifts through transaction data for signs of trouble
A traffic-light system of risk indicators for financial market infrastructure could use transaction data to detect threats to financial stability in almost in real time, according to research due to be published later this year.
Ron Berndsen, the chairman of LCH's risk committee, and Ronald Heijmans, a senior data scientist and policy advisor at De Nederlandsche Bank, argue in their upcoming paper that monthly or quarterly monitoring of market infrastructures like payment and settlement systems.
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Source: Risk.net
FTSE Russell-Infrastructure REITs: A match made in low yield environment heaven
April 22, 2019--For a brief period, it appeared that the extended low yield environment of today might at last be coming to a close. But the Fed's about-face to a more dovish stance on interest rates has investors again searching for yield, giving a boost to income-producing investments.
Two asset classes that have benefited in particular are REITs and Infrastructure, and the combination of them—Infrastructure REITs-have performed notably better than broader REIT and equity indexes.
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Source: FTSE Russell
Global X Expands its Suite of Covered Call Strategies with the Launch of the Russell 2000 Covered Call ETF
April 22, 2019--Global X ETFs, the New York based provider of exchange traded funds, today announced that it has launched the Global X Russell 2000 Covered Call ETF (Cboe: RYLD), designed to track the Cboe Russell 2000 BuyWrite Index.
The fund gains exposure to the stocks in the Russell 2000 Index and writes at-the-money monthly call options on the same index. The fund receives a premium from writing the call options, which can help increase the fund's distributions and potentially mitigate downside risks.
The Russell 2000 Index primarily includes smaller market capitalization U.S. companies (small caps), those with a market value between $300 million and $2 billion. The small cap index is historically linked to increased volatility and returns relative to mid- and large-cap indices.
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Medicare Will Be Insolvent by 2026, Government Report Warns view more First Asset ETFs to be Rebranded as CI First Asset ETFs view more Victory Capital Reports Acquisition of USAA Asset Management Company on Track to Close on Time, and Announces Termination of Agreement to Acquire Harvest Volatility Management, LLC
"The acquisition of USAA Asset Management Company will meaningfully diversify our asset mix and investment capabilities and transform our business in terms of size and scale." view more "Non-transparent' ETFs set to be a boon for fund managers CFTC.gov Commitments of Traders Reports Update Fund Firms Got the Active ETFs They Wanted-and Now They're Mad view more
Global X Announces Transfer of CHIC to NYSE Arca
The fund will join the rest of Global X's China sector suite, which all currently trade on the NYSE Arca. The suite includes a full offering that corresponds with each of the eleven major economic sectors identified by the Global Industry Classification Standard (GICS(R)). view more
Source: Global X
April 22, 2019-- The financial condition of the government's bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government's overseers of Medicare and Social Security.
It paints a sobering picture of the programs, though it's relatively unchanged from last year's update. Social Security would become insolvent in 2035, one year later than previously estimated.
Source: Time.com
April 22, 2019--First Asset Investment Management Inc. ("First Asset") and CI Investments Inc. ("CI"), an affiliate of First Asset, are pleased to announce that First Asset ETFs will be rebranded as CI First Asset ETFs effective April 29, 2019.
"The new branding reflects the growing synergies between our firms," said Rohit Mehta, President of First Asset and Executive Vice-President, CI Financial Corp. "We are bringing together First Asset's specialized experience in smart beta and actively managed ETFs with CI's strength in investment management and its extensive national reach."
Source: First Asset
April 22, 2019--Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital" or the "Company") today reported that its planned acquisition of USAA Asset Management Company, which includes USAA's Mutual Fund and ETF businesses and its 529 College Savings Plan, is on target and expected to close effective July 1, 2019. USAA Asset Management Company had assets under management (AUM) of $70 billion as of March 31, 2019.
The transaction also includes $10 billion in AUM that is invested in USAA Mutual Funds through the managed money product offered by USAA's brokerage business-for a total of $80 billion of AUM, as of March 31, 2019, to be acquired.
Source: Victory Capital Holdings, Inc.
April 19, 2019-Regulators give nod to new tool that mimics active fund management
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Source: FT.com
April 19, 2019--The current reports for the week of April 19, 2019 are now available.
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Source: CFTC.gov
April 18, 2019--Active managers have, by and large, watched the exchange-traded fund industry take off without them.
After a decade, however, regulators have granted the fund industry what it's been wheedling for-ETFs that don't disclose their holdings on a daily basis, theoretically paving the way for an onslaught of actively managed ETFs that look awfully like actively managed mutual funds. Yet the industry's reaction has been more one of consternation rather than triumph...
Source: Barron's
April 18, 2019--Global X Funds, the New York based provider of exchange traded funds, today announced it is changing the primary listing exchange of the Global X MSCI China Communication Services ETF (Ticker: CHIC). The fund will cease trading on the Nasdaq and begin trading on the NYSE Arca, Inc. exchange on May 3rd, 2019.
Fund shareholders are not required to take any action as a result of this announcement.
Source: Global X Funds
