Americas ETP News
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SEC breaks with global authority on environmental, social disclosures
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.
The Securities and Exchange Commission didn't vote on the Iosco document, according to a footnote at the bottom of the international statement.
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Source: https://mlexmarketinsight.com
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
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.
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Source: Reuters
Corporate America Is Getting Ready to Monetize Climate Change
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.
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.
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Source: Bloomberg
ETFGI reports ETFs and ETPs listed in the US gather net inflows of 51.4 billion US dollars during December 2018
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.)
Highlights
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
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Source: ETFGI
Latin America and the Caribbean in 2019: A Moderate Expansion
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.
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Source: World Bank
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
