Americas ETP News
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2018 U.S. Fund Flows Trends in 5 Charts Investors shunned most of Wall Street last year
January 28, 2019--Many mutual fund and exchange-traded fund investors had much less use for what most of Wall Street was selling in 2018. Most had little interest in anything that wasn't passive (continuing a long-term trend), core-oriented, and/or low-risk.
As a result, money continues to gravitate to passive leaders, Vanguard and iShares, as the rest of the industry downsizes and consolidates. (See the layoffs recently announced by BlackRock, BNY Mellon, and JPMorgan Asset Management.) In part because of the growth of target-date funds and other portfolio-based solutions, many investors are more cost-conscious and less performance-driven than in the past. These are no doubt positive shifts for most investors, but they leave less of a role for Wall Street.
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Source: Morningstar
JPMorgan makes late push to become ETF heavyweight
January 27, 2019--New York lender raises fund sales tenfold, outpacing State Street and Invesco
JPMorgan's bid to join the top tier of exchange traded fund managers was boosted last year as the New York-listed group increased sales tenfold.
The bank, which had some of the best-selling newly launched funds in 2018, has increased its efforts to regain assets lost to BlackRock and Vanguard over the past decade.
view more Franklin Templeton and Invesco ranked worst-selling funds in 2018 view more
NYSE Arca Files Paperwork for Bitwise Bitcoin ETF Approval view more Exchange Traded Concepts to Close and Liquidate the James Purpose Based Investment ETF
The Fund will be closed to orders for new creation units on January 29, 2019, and the last day of trading the Fund's shares on the Cboe BZX Exchange, Inc. will be February 5, 2019. view more SEC breaks with global authority on environmental, social disclosures
The Securities and Exchange Commission didn't vote on the Iosco document, according to a footnote at the bottom of the international statement. view more U.S. economy lost at least $6 billion to government shutdown: S&PU.S. economy lost at least $6 billion to government shutdown: S&P view more Corporate America Is Getting Ready to Monetize Climate Change As the Trump administration rolls back rules meant to curb global warming, new disclosures show that the country's largest companies are already bracing for its effects. view more ETFGI reports ETFs and ETPs listed in the US gather net inflows of 51.4 billion US dollars during December 2018
Highlights
view more Latin America and the Caribbean in 2019: A Moderate Expansion view more
Source: FT.com
January 26, 2019--Active managers were hit hardest last year as investors reacted to jittery markets
Franklin Templeton and Invesco were ranked as the worst-selling mutual fund managers globally last year as turbulent markets prompted large redemptions from active investors.
A net $44.5bn was withdrawn from Franklin's mutual funds in 2018 while net outflows at Invesco were $27.1bn, said Morningstar, the data provider.
Source: FT.com
January 25, 2019--New details have surfaced about the bitcoin exchange-traded fund (ETF) proposed by Bitwise and NYSE Arca.
Bitwise Asset Management announced its intention to launch the ETF earlier this month. If approved, it would be the first bitcoin ETF to make it to market in the U.S.
Source: coindesk.com
January 25, 2019--After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser, in consultation with James Investment Research Inc., the Fund's index provider, has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation.
Accordingly, the Fund is expected to cease operations and liquidate on or about February 7, 2019 (the "Liquidation Date").
Source: Exchange Traded Concepts, LLC
January 25, 2019--The US Securities and Exchange Commission has distanced itself from a global authority's statement encouraging companies to consider disclosing major business risks stemming from environmental, social and governance issues.
The International Organization of Securities Commissions said last week that companies should weigh revealing "material" risks as well as how they monitor these developing threats.
Source: https://mlexmarketinsight.com
January 25, 2019--The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday.
President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history, without getting the $5.7 billion he had demanded from Congress for a border wall.
Source: Reuters
January 25, 2019--Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.
The Coca-Cola Co. wonders if there will still be enough water to make Coke.
Source: Bloomberg
January 25, 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 the US gathered net inflows of US$51.4 Bn during December, bringing 2018 net inflows to US$315 Bn.
Assets invested in the US ETF/ETP industry finished the month down 5.59%, from US$3.59 Tn at the end of November, to US$3.39 Tn, according to ETFGI's December 2018 US ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
During 2018, ETFs/ETPs listed in the US attracted $315 Bn in net inflows.
Assets invested in the US ETF/ETP industry hit record high of $3.73 Tn in September 2018.
Assets invested in US ETF/ETP industry fell 0.95% year-on-year, hit by Q4 2018 market movements
Source: ETFGI
January 25, 2019--Economic activity in Latin America continues to rise, but at a slower rate than previously anticipated.
The weakening global economy and rising policy uncertainty are contributing to slowing Latin America's growth momentum. Overall, the region is expected to advance by 2 percent in 2019 and 2.5 percent in 2020-still well below peer countries in other regions.
A tightening of global financial conditions and lower commodity prices brought on by U.S.-China trade tensions have contributed to the region's slowdown. In addition, monetary policy was tightened in some economies to contain inflationary pressures stemming partly from currency depreciation, which further dampened growth.
Source: World Bank
