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Innovator Lists S&P 500 Defined Outcome ETFs; Seek to protect against losses of 9%, 15%, or 30%
August 8, 2018--ETFs provide exposure to the S&P 500 with downside protection levels of 9%, 15%, or 30% over an Outcome Period of approximately one year.
Innovator ETFs sets sights on the multitrillion dollar structured products and insurance industries providing simple, transparent, low cost access to defined outcomes.
Innovator Capital Management, LLC (Innovator) announced today the listing of the Innovator S&P 500 Defined Outcome ETFs-July Series on Cboe. The Innovator Defined Outcome ETFs seek to offer investors exposure to the S&P 500 Price Return Index (S&P 500) to a Cap, with downside protection levels (or "buffers") of 9%, 15%, or 30% over an Outcome Period of approximately one year, at which point each ETF will reset. This is the first time investors will have access to structured outcomes through the ETF vehicle.
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Source: nasdaq.com
Aptus Launches Defined Risk ETF to Help Investors Generate Income
August 8, 2018--Aptus Capital Advisors rolled out its third exchange traded fund, an actively managed style that incorporates a combination of a laddered bond portfolio strategy with options on U.S. equities to help investors meet their income needs.
Aptus launched the actively managed Aptus Defined Risk ETF (Cboe: DRSK), which has a 0.78% expense ratio.
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Source: nasdaq.com
BNY Mellon DR Index Monthly Performance-July 2018
August 8, 2018--The BNY Mellon DR Index Monthly Performance for July 2018 report is now available.
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Source: BNY Mellon
The One Time You'll Look Forward to Higher Fees-A Guide to Fulcrum Fees
August 8, 2018--What Is a Fulcrum Fee?
A fulcrum fee is a type of management fee that can go up or down based on the performance of the ETF as compared to a similar benchmark index.
The management fee will adjust up if the ETF outperforms the index and will adjust down if the ETF underperforms the index.
The benchmark index is required to be similar to the investment strategy. For example, if the ETF has a U.S. Large Cap investment strategy, a good benchmark might be the S&P 500 Index.
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Source: AlphaBaskets
CFTC.gov Swaps Report Update
August 8, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
USCF Announces Changes To Product Line
August 7, 2018--United States Commodity Funds LLC (USCF), a sponsor of exchange-traded products, plans
to close and liquidate three of its exchange-traded products.
On August 7, 2018, the Board of Directors of the Company authorized and approved the closing and liquidation each of the following funds (the Funds) together with a plan of liquidation for each Fund:
United States Agriculture Index Fund (USAG)
United States Short Oil Fund, LP (DNO)
United States Diesel-Heating Oil Fund, LP (UHN)
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Source: USCF
CBO-Monthly Budget Review for July 2018
August 7, 2018--The federal budget deficit was $682 billion for the first 10 months of fiscal year 2018, CBO estimates, $116 billion more than the shortfall recorded during the same period last year. Revenues and outlays were 1 percent and 4 percent higher, respectively, than in the same period in fiscal year 2017.
As was the case last year, this year's outlays were affected by shifts in the timing of certain payments that otherwise would have been due on a weekend. If not for those shifts, outlays and the deficit through July would have been larger, by roughly $40 billion, both this year and last year-but the year-to-year changes would not have been very different.
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Source: Congressional Budget Office (CBO)
CE Data Services Selected as the New Benchmark for Four BlackRock iShares Fixed Income ETFs
August 6, 2018--Transition completed on August 1
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Services has been selected as the new benchmark provider for four of BlackRock's iShares(R) U.S. bond exchange traded funds (ETFs), and the transition was completed on August 1.
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Source: Intercontinental Exchange
AdvisorShares Active ETF Market Share Update-Week Ending 8/3/2018
August 6, 2018--Assets in actively managed ETFs added $836 million last week to reach $61.24 billion in total net assets.
PIMCO took the top spot in new AUM growth with $265 million, followed by First Trust with a $167 million dollar gain. There were no fund launches or fund closures, which held the total of actively managed ETFs currently trading at 235.
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Source: AlphaBaskets
U.S. Weekly FundFlows Insight Report: Equity Funds Pace Net Inflows for the Week
August 4, 208--Thomson Reuters Lipper's fund asset groups (including both mutual funds and ETFs) had net inflows of $403 million for the fund-flows week ended Wednesday, August 1.
Equity funds (+$2.1 billion) accounted for the lion's share of the net-positive flows, while money market funds contributed $344 million to the total. Fixed income funds did not fare as well; both taxable bond funds (-$1.6 billion) and municipal bond funds (-$368 million) both saw net money leave their coffers.
Market Overview
Both the S&P 500 Index (-1.15%) and the Dow Jones Industrial Average (-0.32%) retreated for the fund-flows trading week. There was a plethora of economic news for investors to digest during the week, including (1) influential quarterly earnings releases from several of the FAANG stocks, (2) gross domestic product growth of 4.1% for Q2 2018, and (3) the Federal Reserve leaving interest rates unchanged at its mid-week policy meeting. The most impactful of the tech company earnings announcements came from Facebook.
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Source: Thomson Reuters
