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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:
view more The EDHEC-Princeton Retirement Goal-Based Investing Index Series January 2019 Highlights Goal Price Index Series view more FINRA 2019 Annual Risk Monitoring and Examination Priorities Letter view more Lipper U.S. Weekly FundFlows Insight Report: Funds Suffer Net Outflows Driven by Money Market Funds
Market Overview
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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
January 21, 2019--Goal Price Index Series
As usual, monthly changes in Goal Price Indices are mainly driven by changes in US long-term interest rates.
The first 10 months of 2018 featured an increase in long-term rates, with the 10-year rate growing from about 2.4% right after New Year's Eve to more than 3% in October. In contrast, the last quarter saw a decrease that took the 10-year rate back to 2.7% at the turn of the year. As a result, all Goal Price Indices start the year at higher levels than where they were in early December..
Source: EDHEC-Risk Institute
January 21, 2019--We are pleased to release the 2019 FINRA Risk Monitoring and Examination Priorities Letter, which describes topics that member firms should consider as they identify opportunities to improve their compliance, supervisory and risk management programs.
This year's letter takes a somewhat new approach—as compared to similar letters issued in prior years-by focusing primarily on those topics that will be materially new areas of emphasis for our risk monitoring and examination programs in the coming year. FINRA will, of course, continue to review and examine for longstanding priorities discussed in greater detail in past letters, but we agree with the suggestion from many of our member firms that a sharper focus on emerging issues will help them better determine whether those issues are relevant to their businesses and how they should be addressed.
Source: FINRA
January 18, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) experienced net outflows of $14.2 billion for the fund-flows trading week ended Wednesday, January 16. Money market funds (-$15.0 billion) were responsible for the majority of the net negative flows as investors put money back to work.
Equity funds (-$4.4 billion) also contributed to the overall net outflows, while taxable bond funds and municipal debt funds had net inflows of $4.3 billion and $946 million, respectively.
The major equity indices continued to rebound from their fourth quarter slump as the Dow Jones Industrial Average (+1.37%), S&P 500 Index (+1.20%), and the NASDAQ Composite Index (+1.12%) all closed the fund-flows trading week with significant gains.
Source: Refinitiv
