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TD Asset Management Inc. Announces Changes To TD Exchange-Traded Funds
November 16, 2018--As previously announced, TD Asset Management Inc. will be changing the names of three TD Exchange-Traded Funds (TD ETFs) effective November 20, 2018. In addition, the CUSIPs and ISINs for each of these three TD ETFs will also be changing.
The investment objectives, investment strategies and TSX ticker symbols remain unchanged. The following table outlines the changes:
TSX Ticker Symbol:TTP
Current Fund Name: TD S&P/TSX Capped Composite Index ETF
New Fund Name: TD Canadian Equity Index ETF.
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Source: Thestreet.com
US stock market surveillance system goes live
November 15, 2018--A long-awaited surveillance system for the US stock market launched on Thursday even as "bugs" remained to be ironed out
Known as CAT, the consolidated audit trail is designed to compile detailed information of orders and trades for the US equity and options markets.
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Source: FT.com
TD Asset Management Launches Actively Managed ETFs
November 14, 2018--New funds will provide clients with a suite of actively-managed, exchange-traded investment solutions
TD Asset Management Inc. ("TDAM"), today announced the launch of three, actively-managed TD Exchange Traded Funds ("TD ETFs").
The launch of the new TD ETFs broadens TD's diverse suite of product offerings and commitment to providing clients with innovative solutions to help meet their investment needs. The new TD ETFs are competitively priced and are specifically designed to seek out strong, risk-adjusted returns.
view more SEC Official Warns Leveraged Funds Could Hurt Reputation of ETFs view more
UBS Launches the ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B view more U.S. Weekly FundFlows Insight Report: Equity Funds and ETFs See Net Outflows Despite Strong Market Returns During the Week
Market Wrap-Up
view more UBS accused of causing billions in investor losses CBO-Monthly Budget Review: Summary for Fiscal Year 2018 In fiscal year 2018, which ended on September 30, the federal budget deficit totaled $779 billion-$113 billion more than the shortfall recorded in 2017. The deficit increased to 3.8 percent of the nation's gross domestic product (GDP) in 2018, up from 3.5 percent in 2017 and 3.2 percent in 2016. Outlays in 2018 were reduced by a shift in the timing of certain payments; those payments were instead made in fiscal year 2017 because October 1, 2017 (the first day of fiscal year 2018), fell on a weekend. If not for that shift, the deficit in 2018 would have been $823 billion, or 4.1 percent of GDP.
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The November survey, canvassing investors managing $641 billion, was conducted from Nov 2-8 as funds, relieved over the outcome of U.S. midterm elections, rushed to buy more equities.
Source: Reuters
November 12, 2018--Investment products that use derivatives to improve returns are threatening the reputation of the $3.6 trillion market for exchange-traded funds, according to one of five commissioners at the U.S. Securities and Exchange Commission.
"The risk with levered ETFs is that the entire asset class will be painted with this brush," said Robert Jackson Jr., adding that he fears Americans will buy and hold these products in their retirement accounts, and then get a nasty surprise when they lose their money.
Source: Bloombergquint.com
November 9, 2018--UBS Investment Bank today announced that the ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (NYSE Arca(R): SMHB), will begin trading on NYSE Arca(R).
SMHB is linked to the monthly compounded 2x leveraged performance of the Solactive US Small Cap High Dividend Index.
Source: UBS
November 8, 2018--November 8, 2018--For the second week in three investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $19.3 billion for Lipper's fund-flows week ended November 7, 2018.
Fund investors were net purchasers of taxable fixed income funds (+$4.1 billion) and money market funds (+$23.9 billion) while being net redeemers of equity funds (-$8.5 billion) and municipal bond funds (-$256 million).
Investors appeared to cheer the expected government gridlock resulting from the midterm elections. As expected, the Democrats took control of the House of Representatives, while the Republicans shored up their control of the Senate.
Source: Thomson Reuters
November 8, 2018--The US justice department filed a lawsuit against UBS on Thursday, accusing the Swiss bank of causing investors to lose "many billions of dollars" on residential mortgage-backed securities that it issued in the run-up to the financial crisis.
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Source: FT.com
November 7, 2018-In fiscal year 2018, the budget deficit totaled $779 billion-$113 billion more than the shortfall recorded in 2017.
Measured as a share of GDP, the deficit increased to 3.8 percent in 2018, up from 3.5 percent in 2017 and 3.2 percent in 2016.
Source: Congressional Budget Office (CBO)
