Americas ETP News
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Will Bitcoin Become an ETF Industry Growth Factor?
January 9, 2018--BITCOINS & ETF INNOVATION
In past TETF.index weekly updates, we talked about Key Performance Indicators (KPIs) that capture the growth of the ETF ecosystem. Toroso believes there are many factors driving growth, which can be bifurcated into two categories:
Innovation Growth Factors: provide access, unique exposures/structures, and inventive revenue models.
Client Alignment Growth Factors: low-cost, tax-efficient, liquid and transparent.
We have focused on "client alignment growth factors" like:
-Trust
-Transparency
-Low Cost
-Values (ESG)
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Source: Toroso Investments
Minutes of the Board's discount rate meetings from December 4 and December 13, 2017
January 9, 2018--The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from December 4 and December 13, 2017.
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Source: federalreserve.gov
Gemini Demonstrates Solid Growth in 2017: 80% Increase in Fund Launches
January 9, 2018--Key drivers for clients include turnkey solutions to scale, agility with complex structures, and robust compliance.
Gemini announced today that they experienced record-breaking growth for 2017, with an 80% increase in the number of registered fund launches executed during the year. When surveyed, clients noted the key drivers in selecting Gemini for their new funds included:
Gemini's turnkey solutions, which help them scale their operations and focus on their strategy..
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Source: Gemini
New York Life Investment Management Announces New Leadership Team at IndexIQ
January 9, 2018--Newly appointed IndexIQ Chief Operating Officer Jon Zimmerman and IndexIQ Chief Investment Officer Sal Bruno to oversee the business as part of leadership transition
New York Life Investment Management (NYLIM) has named a new leadership team at IndexIQ, NYLIM's global ETF business. Jon Zimmerman, currently the head of ETF product development at NYLIM, has been named IndexIQ's chief operating officer,a newly created role. Mr. Zimmerman, along with IndexIQ's current chief investment officer, Sal Bruno, will now report to Kirk Lehneis, who oversees NYLIM's mutual fund and ETF operations and serves as NYLIM's chief operating officer.
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Source: New York Life
Impressive Asset Growth, Successful Product Launches, New Relationships Round Out Prosperous Year for Pacer ETFs
January 9, 2018--Pacer ETFs, a seven-time award winning ETF provider that offers index based strategy driven exchange traded funds, continued to establish itself as a larger player in the ETF market as 2017 came to a close by hitting new highs in assets under management (AUM), launching new products and making a key addition to its sales team.
After crossing the $1 billion AUM mark in 2017, Pacer ETFs has more than doubled its total AUM, an increase from $734.61 million to $1.56 billion (between 12/31/16 and 12/29/17).
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Source: Pacer Financial
AdvisorShares Weekly Market Review-So Goes The First Week?
January 8, 2018--Highlights of the Week Ending 1/5/2018
Macro
In an attempt to be funny, we titled last week's Market Update New Year, Same As The Old Year wondering how 2018 would start and last week was like just about every week in 2017. The gains and new highs were abundant as the Dow Jones Industrial Average rallied 2.18%, the S&P 500 was up 2.50%, the NASDAQ jumped 3.35% while the Russell brought up the rear with 1.57%.
The leadership of the NASDAQ previews that the hottest stocks, whether you spell them FANG or FAANG, all outperformed the broad market, it really was like 2017.
As we start to close out the books on 2017 economic data, the employment report was released on Friday and disappointed with 148,000 new jobs versus expectations ranging from 180,000-190,000 and also light versus ADP report which on Thursday announced 250,000 jobs.
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Source: AdvisorShares
Is 2018 the Year Israeli Stocks again become Top Performers? How are Investors Adding Israel to their International Portfolios?
January 8, 2018--Highlights
2017 was a volatile year for leading Israeli equity benchmarks resulting in a 16% gain
for the BlueStar Israel Global Index(R) (BIGI(R))performing 3% above the local TA-35
index and slightly below the TA-125 index in US Dollar terms. BIGI(R) outperformed the
MSCI Israel Index by more than 13%.
Teva Pharmaceuticals and Perrigo were the main contributors to 2017's
volatility and relatively weak performance despite the strength of Israel's
technology and domestically-oriented stocks
The TA-BlueStar Israel Global Technology Index (TA-BIGITech(R)) posted its best year of
performance since the 2008/2009 financial crisis, climbing more than 28% during 2017:
Technology indexes globally outperformed their respective benchmarks in
2017
Investors in 2017 put more money to work overseas on the assumption that
international markets are at an earlier stage of an earnings recovery than US markets.
Israeli equities have outperformed the MSCI EAFE Index in 10 of the last 16
years with an average annual outperformance of 17 percentage points
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Source: Blue Star Indexes
FINRA Releases 2018 Regulatory and Exam Priorities
January 8, 2018--The Financial Industry Regulatory Authority (FINRA) today released its 2018 Regulatory and Examination Priorities Letter, highlighting topics that FINRA will focus on in the coming year, including new and ongoing areas of focus.
The Priorities Letter-alongside FINRA's 2017 Examination Findings Report-serves as a resource for broker-dealers to enhance their compliance, supervisory and risk management programs and to prepare for their FINRA examination. Among the topics identified in the letter as areas of focus in 2018 are fraud, high-risk firms and brokers, operational and financial risks-including technology governance and cybersecurity-and market regulation.
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Source: Financial Industry Regulatory Authority (FINRA)
Big-three credit raters still dominate business due to entry barriers, SEC says
January 8, 2018--The bond-rating business continues to be dominated by Standard & Poor's Rating Services, Moody's Investors Service and Fitch Ratings a decade after the financial crisis due to entry barriers, a US Securities and Exchange Commission report said.
But inroads are being made by other firms in winning business to rate US asset-backed securities,...
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Source: mlexfs-core.com
Fund managers say bitcoin ETF proposals withdrawn due to SEC concern
January 8, 2018--Two U.S. companies shelved proposals to launch bitcoin exchange-traded funds, citing ongoing concerns by the Securities and Exchange Commission (SEC), filings showed on Monday.
Staff at the regulatory agency "expressed concerns regarding the liquidity and valuation" of futures contracts based on the digital asset, according to one of the filings.
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Source: Reuters
