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Thomson Reuters-U.S. Weekly FundFlows Insight Report: Long-Term Assets Attract Inflows for the Week
February 1, 2018--For the second week in three investors were net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $6.0 billion. However, the headline number once again was a little misleading.
Fund investors were net redeemers of money market funds, withdrawing $26.0 billion, but they were net purchasers of long-term assets, padding the coffers of equity funds (+$16.2 billion), taxable bond funds (+$3.6 billion), and municipal bond funds (+$236 million) for the week.
In a topsy-turvy flows week marked by the largest one-day market decline for the S&P 500 and the Dow Jones Industrial Average since August 2017, the broad-based indices still managed to post strong returns from the month.
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Source: Thomson Reuters
Redwood Asset Management Announces Launch of the World's First Actively Managed, Marijuana-Focused ETF
February 1, 2018--Redwood Asset Management Inc. ("Redwood"), a wholly owned subsidiary of Purpose Investments Inc. ("Purpose") is very pleased to announce the launch of Marijuana Opportunities Fund (“the Fund”), the world's first actively managed, marijuana-focused ETF.
Redwood has completed the initial public offering of ETF shares and the Fund will commence trading on the Aequitas NEO Exchange today under the ticker symbol "MJJ". The Fund is also available in mutual fund Series A (RAM1420) and Series F (RAM2420) through Fundserv.
"We are thrilled to be able to offer Canadians the first actively managed ETF with an exclusive focus on the burgeoning cannabis industry," said Peter Shippen, President and Chief Executive Officer of Redwood Asset Management.
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Source: Redwood Asset Management Inc.
Vanguard introduces three new asset allocation ETFs
February 1. 2018--Vanguard Investments Canada Inc. today announced the listing of three new low-cost asset allocation ETF portfolios that provide greater access to its leading globally diversified strategies. All three began trading on TSX today.
"Investors and advisors are increasingly looking for simple yet sophisticated single-ticket investment solutions that provide well-diversified global equity and bond exposure within a low-cost ETF structure," said Atul Tiwari, managing director for Vanguard Investments Canada Inc. "These ETFs address that need by providing a choice of three different risk profiles, regular rebalancing and they will be among the lowest cost solutions in their categories1."
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Source: Vanguard
CFTC.gov Swaps Report Update
January 31, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Federal Reserve issues FOMC statement
January 31, 2018--Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate.
Gains in employment, household spending, and business fixed investment have been solid, and the unemployment rate has stayed low. On a 12-month basis, both overall inflation and inflation for items other than food and energy have continued to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
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Source: federalreserve.gov
REX VolMAXX Short Volatility ETF (VMIN) Finished 2017 as Best Performing ETF (Non-levered) in USA
January 30, 2018--REX Shares, LLC (REX) today announced its short volatility fund, the REX VolMAXX Short VIX Futures Strategy Fund was the best performing ETF in the U.S., excluding leveraged products, for calendar year 2017 according to Bloomberg data.
Over the course of the year, VMIN turned in a total return of +190.57%*. Launched in 2016, VMIN provides short exposure to movements in the VIX Index.
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Source: REX
Innovation Shares Launches "KOIN", First AI Powered ETF To Provide Investors Access To Blockchain Innovators And Adopters
January 30, 2018--Patent-pending AI powered approach uses a natural language processing algorithm to screen for global stocks.
Innovation Shares LLC, a sponsor of unique thematic Exchange Traded Funds, is today announcing the launch of the Innovation Shares NextGen Protocol ETF (NYSE Arca: KOIN), the first exchange-traded fund to use artificial intelligence to identify and invest in blockchain innovators and adopters.
KOIN tracks an index designed to give investors exposure to global stocks that are participating in the growth of blockchain technology, which is being applied across a number of industries. KOIN's underlying index places stocks in one of four categories based on how they relate to the theme: 1. Cryptocurrency as payment; 2. Mining enablers; 3. Solutions providers; and 4. Adopters.*
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Source: Innovation Shares LLC
J.P. Morgan Asset Management Launches JPMorgan USD Emerging Markets Sovereign Bond ETF: JPMB
January 30, 2018--Provides improved access to emerging market debt
J.P. Morgan Asset Management (JPMAM) announced today the launch of the JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB), which tracks the JPMorgan Emerging Markets Risk-Aware Bond Index, created by JPMAM's Quantitative Beta Strategies team and derived from J.P. Morgan's Corporate & Investment Bank flagship JPMorgan EMBI Global Diversified Index.
JPMB aims to provide exposure to USD denominated sovereign debt across emerging markets. The index utilizes a rules-based, three-step process that filters for liquidity, country risk and allocates risk based on credit rating. It invests 80% of its assets in securities included in the underlying index and will rebalance its portfolio on a monthly basis within each country and semi-annually across countries in accordance with the rebalancing of the underlying index .
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Source: J.P. Morgan Asset Management
12 Solactive benchmarks used as the basis for 12 new ETFs issued by Mackenzie Investments
January 29, 2018--Mackenzie Investments, a leading investment management firm headquartered in
Toronto, announced the launch of 12 ETFs this week, all of which will be tracking
Solactive benchmark indices.
These indices are part of a growing range of Solactive benchmarks aimed at providing broad-based access to different segments of the equity and fixed-income markets with country, regional, and global exposure through marketcap-weighted strategies.
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Source: Solactive
Vanguard warns of strengthening 'predators' in ETF market.
January 29, 2018-- Vanguard fears that 'predators' are taking advantage of exchange traded funds at the expense of retail investors and hopes that an expected overhaul by US regulators will not mandate perfect transparency for the booming $4.8tn industry.
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Source: FT.com
