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Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for April 2018
May 29, 2018--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for April 2018. In April, investors placed $18.2 billion into U.S. equity passive funds, compared with $10.5 billion of outflows from the previous month. On the active front, investors pulled $11.4 billion, compared with $11.0 billion in March.
Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Morningstar's report about U.S. asset flows for April 2018 is available here. Highlights from the report include:
Following two consecutive months of outflows, U.S. equity funds rebounded with estimated total inflows of $6.8 billion. Overall, trailing 12-month U.S. equity flows remain negative—to the tune of $42.6 billion, or a 0.6 percent decline.
Taxable-bond and international-equity funds remained the leading asset classes in April, with flows of $25.3 billion and $11.1 billion, respectively.
The Morningstar Categories with the highest inflows in April were large-blend, foreign large-blend, and ultrashort-bond funds, with respective inflows of $10.8 billion, $5.7 billion, and $5.6 billion. On the bottom-flowing list in April, large value saw the most outflows of $3.4 billion followed by muni national short, with outflows of $1.7 billion.
Among top U.S. fund families, Vanguard was near the top with $12.3 billion in inflows. In April however, BlackRock's iShares eclipsed that figure with $17.0 billion in inflows.
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Source: Morningstar, Inc.
AdvisorShares Active ETF Market Share Update-Week Ending 5/25/2018
May 29, 2019--Assets in actively managed ETFs added $457 million last week to reach $56.28 billion in total net assets.
One fund closed and brought the total of actively managed ETFs currently trading to 225.
PowerShares led new AUM growth with $192 million followed by ARK Investment, which realized a $71 million gain.
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Source: AdvisorShares
BMO Investments Inc. Launches Actively-Managed ETF Series, Focusing on Fixed Income Solutions
May 28, 2018--BMO Investments Inc. today announced the launch of its initial actively-managed ETF Series units for BMO Global Strategic Bond Fund, BMO Global Multi-Sector Bond Fund, BMO Core Plus Bond Fund and BMO Women in Leadership Fund.
"Building on the success of BMO's lineup of passive ETFs, we're launching the active ETF Series to give investors more options in terms of global exposure and income solutions," said Kevin Gopaul, Head of BMO Global Asset Management Canada. "With these ETF Series, we"re confident that we're staying true to the values of the traditional ETF: good liquidity, the right amount of transparency and the right pricing."
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Source: BMO Financial Group
Invesco Canada announces ETF name changes
May 28, 2018--Invesco Canada today announced name changes to its lineup of exchange-traded funds (ETFs). The investment objectives, strategies and ticker symbols remain the same.
Name changes on Invesco Canada's Trimark and PowerShares mutual funds are expected to be completed later this year.
These changes will be effective on or about July 27, 2018 and are illustrated in the following table:
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Source: Invesco Canada Ltd.
Brazil: Staff Concluding Statement of the 2018 Article IV Mission
May 25, 2018--A mild recovery supported by accommodative monetary and fiscal policies is underway. But the output gap is large, public debt is high and increasing, and, more importantly, medium-term growth prospects remain uninspiring, absent further reforms.
Against the backdrop of tightening global financial conditions, placing Brazil on a path of strong, balanced and durable growth requires an earnest pursuit of fiscal consolidation, ambitious structural reforms, and a strengthening of the financial sector architecture.
This will require strong leadership and resolve. Recent measures, notably the ceiling on federal expenditures, and reforms of the labor and subsidized credit markets are welcome and should help boost confidence, but much more is needed. Over the near term, since inflation is below target and expectations are anchored, monetary policy should remain accommodative to facilitate a durable recovery, while fiscal consolidation should accelerate.
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Source: IMF
CFTC.gov Commitments of Traders Reports Update
May 25, 2018--The current reports for the week of May 25, 2018 are now available.
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Source: CFTC.gov
Trump signs bill easing U.S. bank rules into law
May 24, 2018--U.S. President Donald Trump signed into law on Thursday a bill that would ease rules on most banks for the first time since the 2007-2009 financial crisis.
The legislation eases regulations on all but a handful of the nation's largest banks, and marks a significant victory in Trump's efforts to cut rules in a bid to spur economic growth.<>view more
Source: Reuters
Thomson Reuters-U.S. Weekly Fund Flows Insight Report: Investors Inject Net New Money Into the U.S. Fund Industry for a Fifth Consecutive Week
May 24, 2018--For the fifth week in a row investors were net purchasers of fund assets (including those of conventional funds and ETFs), adding a little more than $9.9 billion for the fund-flows week ended May 23, 2018.
Despite continued trade war concerns and an initial jump in Treasury yields, fund investors were net purchasers of equity funds (+$3.7 billion), taxable bond funds (+$3.1 billion), money market funds (+$3.0 billion), and municipal bond funds (+$233 million).
Market Wrap-Up
During the flows week volatility, while on the retreat, remained ever present as investors worried about the ongoing China/U.S. trade talks, a possible oil disruption from Iran and Venezuela-leading to a rally in crude oil, and-at least initially-a persistent rise in the ten-year Treasury yield.
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Source: Thomson Reuters
Canadian securities regulators focus on areas for reducing regulatory burden for investment funds
May 24, 2018-The Canadian Securities Administrators (CSA) today published CSA Staff Notice 81-329 Reducing Regulatory Burden for Investment Fund Issuers, which outlines the CSA's plan to pursue four initiatives in the near-term that would remove redundancies and streamline disclosure requirements for investment fund issuers.
"Reviewing regulatory burden for investment fund issuers is a key priority for our 2016-2019 Business Plan," said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. "We have identified areas to lessen regulatory burden for investment funds, while maintaining investor protection and the efficient functioning of the capital markets."
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Source: Canadian Securities Administrators
ETFGI reports ETFs and ETPs listed in Canada gathered net inflows of 502.72 million US dollars in April 2018, the lowest since September 2017
May 24, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada gathered US$502.72 Mn in net inflows in April 2018, the lowest since September 2017 which suffered US$12.77 Mn. YTD 2018 net inflows are at US$6.56 Bn which is slightly more than the US$6.46 Bn in net inflows at this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
Net new assets gathered by ETFs/ETPs listed in Canada were $502.72 Mn in April
April 2018 marked the 7th consecutive month of net inflows into ETFs/ETPs listed in Canada
Assets invested in ETFs/ETPs listed in Canada increased by 1.23%, or $1.46 Bn, during April, to $119.43 Bn
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Source: ETFGI
