Americas ETP News
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Desjardins launches alternative ETF
January 24, 2019--Units of the Desjardins Alt Long/Short Equity Market Neutral ETF are trading on the TSX
Montreal-based Desjardins Global Asset Management Inc. (DGAM), the manager and portfolio advisor of the Desjardins Exchange Traded Funds, has launched a new alternative ETF, the company announced Thursday.
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Source: investmentexecutive.com
Investors Remain Enamored by Passively Managed Funds in 2018
January 24, 2019--Passively managed funds (including conventional funds and ETFs) attracted $445.1 billion in 2018, while their actively managed counterparts handed back some $282.9 billion (ex-money market funds) for the same time period.
Except for the commodities funds macro-group, investors appeared to prefer passively managed funds for all of Lipper’s broad-based macro-groups, a change from 2017 when investors were as equally enamored by actively managed taxable fixed income funds and municipal debt funds as they were of their passively managed brethren.
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Source: Refinitiv
Exchange Traded Concepts to Close and Liquidate the REX BKCM ETF
January 24, 2019--After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser, in consultation with REX Shares, LLC, the Fund's sponsor, 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").
The Fund will be closed to orders for new creation units on January 25, 2019, and the last day of trading the Fund's shares on the NYSE Arca Exchange, Inc. will be February 5, 2019. From January 25, 2019 through February 5, 2019, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period.
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Source: Exchange Traded Concepts, LLC
Horizons ETFs Announces Change to Risk Rating for Horizons China High Dividend Yield Index ETF
January 24, 2019--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has announced a change to the risk rating of the Horizons China High Dividend Yield Index ETF ("HCN"), from "Medium to High" to "Medium". The change in risk rating is effective immediately.
The investment risk level of an ETF is determined in accordance with a standardized risk classification methodology, set out in National Instrument 81-102 Investment Funds, that is based on the historical volatility of the ETF, as measured by the 10-year standard deviation of the returns of the ETF.
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Source: Horizons ETFs Management (Canada) Inc.
Horizons ETFs adds two new funds to Total Return Index suite
January 23, 2019--Real Estate, and Canadian Banks ETFs added to Horizons ETFs' family of tax-efficient funds
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has launched the Horizons Equal Weight Canada REIT Index ETF ("HCRE") and the Horizons Equal Weight Canada Banks Index ETF ("HEWB").
Units of the ETFs will begin trading today on the Toronto Stock Exchange ("TSX") under the ticker symbols HCRE and HEWB, respectively.
HCRE and HEWB join the Horizons Total Return Index ETF ("Horizons TRI ETFs"1 ) suite.
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Source: Horizons ETFs
First Trust Launches the First Trust Long Duration Opportunities ETF
January 23, 2019--An actively managed ETF that focuses on high quality, government securities to generate current income
First Trust Advisors L.P. ("First Trust") announced today that it has launched a new actively managed exchange-traded fund ("ETF"), the First Trust Long Duration Opportunities ETF (nyse arca:LGOV)(the "fund").
The fund seeks to generate current income with a focus on preservation of capital by investing at least 80% of its net assets (including investment borrowings) in investment grade fixed-income securities that are issued or guaranteed by the U.S. government.
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Source: First Trust
Cboe shelving plan for bitcoin-tracking product: filing
January 23, 2019--The U.S. Securities and Exchange Commission said on Wednesday that Cboe Global Markets Inc is pulling its proposal to list an exchange-traded product tracking the price of bitcoin, delivering another blow to cryptocurrency enthusiasts.
A Cboe-run exchange dropped plans that have been in front of the commission since June last year to list the VanEck SolidX Bitcoin Trust, the market regulator said in a filing.
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Source: Reuters
Ftse Russell Long/Short Indexes Selected for new ETFs
January 23, 2019--New long/short indexes enable investors to extend their market views
FTSE Russell is pleased to announce the launch of new long/short indexes, part of the FTSE Index-Level Composite Index Series, which global investment manager Direxion has selected as the underlying benchmarks for six new ETFs.
The FTSE Index-Level Composite Index Series is designed to measure the relative performance of a combination of component indexes in paired market exposures. These indexes provide a base for investors who wish to express a view on a specific market segment or theme by taking the long position, while simultaneously using the short position to overweight the bull exposure.
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Source: FTSE Russell
CIBC becomes last of big five banks to join ETF parade
January 22, 2019--Canadian Imperial Bank of Commerce has started offering its own exchange-traded funds, becoming the last of the country's big five banks to enter a marketplace that's now outselling mutual funds.
The firm's CIBC Asset Management is offering two strategic beta equity ETFs--one with a currency hedged option--and two actively managed fixed income ETFs, with management fees ranging from 0.25 per cent to 0.35 per cent, the Toronto-based lender said Tuesday in a statement. The ETFs begin trading today on the Toronto Stock Exchange.
view more Lipper U.S. Mutual Funds & ETPs Q4 2018 Snapshot
Highlights:
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Source: bnnbloomberg.ca
January 22, 2019--In this issue of Lipper's U.S. Mutual Funds & Exchange-Traded Products Snapshot we feature a summary of total net assets (TNA), estimated net flows, new fund creations, and fund liquidations for conventional funds and exchange-traded products (ETPs) for Q4 2018, comparing the changes to those of prior quarters and highlighting the largest individual gainers and losers of both groups.
The Snapshot provides readers a powerful, easy-to-use guide and quick-reference tool to help them discern fund trends during the quarter.
TNA in the conventional funds business (not including ETPs and variable insurance products [VIPs]) declined $1.7 trillion from Q3 2018 to $17.732 trillion for Q4 2018.
Source: Refinitiv
