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Greenwich Associates Study Finds More Than 80 Percent of Institutional Investors Surveyed Who Use Exchange-Listed Options Are Satisfied with Performance
May 3, 2018--The Options Industry Council (OIC), an industry resource funded by OCC, the world's largest equity derivatives clearing organization, today shared the results of a new study by Greenwich Associates, How Institutional Investors Use and Think About Exchange-Listed Options, which found that more than 80 percent of institutional investors surveyed who currently use exchange-listed options are satisfied with the performance against major market benchmarks.
OIC sponsored a Greenwich Associates study to take a closer look at how institutional investors use and perceive exchange-listed options strategies. Greenwich Associates interviewed 80 institutional investors in the U.S., including asset managers, corporate pension plans, public pension plans and endowments with total combined assets under management of more than $1 trillion.
view the How Institutional Investors Use and Think About Exchange-Listed Options study
Source: OCC
USCF Announces Launch of the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund With SummerHaven Index Management
May 3, 2018--USCF today announced it has launched the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund ("SDCI" or the "Fund") with SummerHaven Index Management LLC (SummerHaven), a Stamford, CT based index management firm that has developed indicies in the commodities space.
The Fund, an actively managed exchange-traded fund (ETF), will use the SummerHaven Dynamic Commodity IndexSM as its benchmark, which is also the benchmark utilized by the firms' first collaboration, the United States Commodity Index Fund (NYSE Arca: USCI). SDCI seeks long-term total return.
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Source: USCF
DR Index Monthly Performance-April 2018
May 3, 2018--The BNY Mellon DR Index Monthly Performance for April 2018 report is now available.
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Source: BNY Mellon
In a Year of Strong ETF Industry Growth, the First Index and Fund to Target the Ecosystem Turns in Compelling Performance
May 2, 2018--Toroso ETF Industry Index, underpinning the ETF Industry Exposure & Financial Services ETF (TETF), tops the broad market, other financial-focused exposures in first year on market
Against a backdrop of record-setting inflows and a growing number of innovative entries to the Exchange Traded Fund (ETF) universe, the first index and ETF to target the ETF industry has turned in a strong first year of returns.
The Toroso ETF Industry Index (TETF.Index), which underpins the ETF Industry Exposure & Financial Services ETF (NYSE Arca: TETF), recently marked its first anniversary, marking a year of providing investors with a benchmark for gauging the performance of the companies driving and participating in the past growth and potential future growth of the Exchange Traded Funds industry.
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Source: Toroso Investments, LLC
Federal Reserve issues FOMC statement
May 2, 2018--Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low.
Recent data suggest that growth of household spending moderated from its strong-fourth-quarter pace, while business fixed investment continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
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Source: federalreserve.gov
Stock Exchanges Get Warning Shot From SEC Over Data Profits
May 2, 2018--Regulator took unusual step of blocking request to raise fees
SEC's chairman has signaled he's scrutinizing this area.
U.S. regulators blocked stock exchanges' request to raise some fees for market data, an unusual step suggesting closer scrutiny of an increasingly important slice of their businesses.
The fees that firms including NYSE Group Inc., Nasdaq Inc. and Cboe Global Markets Inc. wanted to boost are relatively obscure.
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Source: Bloomberg
The Forum at ETF Research Center-May 2018 Sector SPDR Analyzer
May 2, 2018--The ETF Analyzer, Sector SPDR Edition for April 2018 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition.
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Source: AltaVista Research
Large New York Money Manager AllianceBernstein Is Moving to Nashville
May 1, 2018--Move part of broad cost-cutting effort pressed by index-tracking funds and low-cost investing
One of the oldest names on Wall Street is moving to one of the fastest-growing cities in the South, reinforcing a recent shift in finance jobs to cheaper parts of the U.S.
AllianceBernstein Holding LP plans to relocate its headquarters, chief executive and most of its New York staff to Nashville, Tenn., in an attempt to cut costs, according to people familiar with the matter.
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Source: Wall Street Journal
SEC Enforcement Division Issues FAQs for Share Class Selection Disclosure Initiative
May 1, 2018--The Securities and Exchange Commission's Division of Enforcement today issued answers to frequently asked questions (FAQs) on the Share Class Selection Disclosure Initiative, providing additional information about adviser eligibility, disgorgement, and the distribution of funds to clients.
The Share Class Selection Disclosure (SCSD) Initiative, announced on February 12, seeks to protect advisory clients from and return money to those affected by undisclosed conflicts of interest.
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Source: SEC.gov
AdvisorShares Active ETF Report: First Quarter of 2018
April 30, 2018--Month ending 03.31.2018
Report Highlights
The first quarter of 2018 saw the
return of volatility to the equity
markets. This led to a decline in
the broad indexes, a flattening of the
yield curvem and several billion in
ETP equity wiped out when the
CBOE Volatility Index (VIX) spiked
more than 100% on February 5th.
Asset for actively managed ETFs
grew by 11% in the first quarter, far
outpacing the rest of the industry's
1.78% growth.
Assets in actively managed ETFs grew by $1.59 billion in March to $51.01 billion, despite domestic equity markets continuing to struggle. For the first quarter, the total AUM gain for actively managed ETFs was $5.15 billion. There was a net gain of nine new funds in March, which brings the total of Active ETFs to 222.
Assets for the entire ETF industry contracted by $534 million in March due primarily to an $8 billion decline for US Equity. International Equity, US Fixed Income and Leveraged all had growth exceeding $1 billion according to FactSet. Year to date growth for the industry was $60 billion, with $40 billion from International Equity alone.
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Source: AdvisorShares
