Americas ETP News
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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
Fidelity Continues to Strengthen Its Commission-Free ETF Line-up withLaunch of Three New Factor ETFs
February 28, 2019--FidelityInvestments(R), one of the industry’s leading providers ofexchange traded funds (ETFs) with more than $380 billion in ETF assetsunder administrationi, today announced an expansion of itsETF lineup with the introduction of three multi-factor ETFs: FidelitySmall-Mid Factor ETF (FSMD), Fidelity Targeted International Factor ETF(FDEV) and Fidelity Targeted Emerging Markets Factor ETF (FDEM).
The new ETFs are competitively priced with total expense ratios of just 0.29% for FSMD, 0.39% for FDEV and 0.45% for FDEM. All three ETFs began trading today, the Fidelity Small-Mid Factor ETF on the New York Stock Exchange, and both the Fidelity Targeted International Factor ETF andthe Fidelity Targeted Emerging Markets Factor ETF on the CBOE BZX Exchange, Inc.
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Source: Fidelity Investments
'Investing on steroids' pays off as thematic ETFs trounce market
February 28, 2019--For returns more than triple the stock market average so far this year, look no further than a quirky group of exchange-traded funds that bet on the latest investment fads.
The top three performing US-listed, non-leveraged ETFs this year are so-called thematic funds-or niche products that focus on categories.
From marijuana, to solar power and clean energy, portfolios constructed with companies betting on industrial and social transformations are trouncing rivals across the broader equity market.
While it's only the end of February, their performance has been astounding. The ETFMG Alternative Harvest ETF, ticker MJ, which wagers on the growth of cannabis, has surged nearly 50 percent.
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Source: FIN24
NYSE Dumps Bots for Humans to Make ETF Trading Smoother
February 28, 2019--Trading venue wants to list the funds on its main exchange
Bond, commodity and currency ETFs can switch from NYSE Arca
The New York Stock Exchange is preparing to hand human traders a bigger role making markets for exchange-traded funds.
The exchange plans to allow bond, commodity and currency ETFs to list on its main floor as soon as August, according to Douglas Yones, NYSE's head of ETFs.
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Source: Bloomberg
The FORUM at ETF Research Center-Beyond ETF Fees: Total Cost of Ownership
February 28, 2019--In the war for assets, many of the largest ETF issuers appear to be waging a fierce battle over fees, constantly "one-upping" each other by lowering costs. But even though fund expenses may be the most visible cost to investors, they are not the only costs. Sometimes they're not even the biggest costs.
Our new Total Cost of Ownership ("TCO") tool can help you analyze the true cost of holding an ETF over time, as well as compare costs between funds. Just click on the TCO tab on any fund focus page. In addition to fund expenses, two trading-related costs are incorporated into our TCO analysis: brokerage commissions and bid/ask spreads.
Fortunately, with an ever-growing list of commission-free ETFs, those are becoming less of an issue, though they can still add up for frequent traders. And while bid/ask spreads are generally tight for popular, widely-held ETFs, they can quickly widen to surpass fund expenses for some ETFs.
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Source: AltaVista Research
