Americas ETP News
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There could soon be a new way to bet on bitcoin-and it promises to be an even wilder ride than the cryptocurrency
January 6, 2018--The New York Stock Exchange is looking to list a number of funds linked to bitcoin futures on its NYSE Arca venue.
The leveraged ETFs, which go long and short, would multiple the spine-tingling volatility of bitcoin.
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Source: Business Insider
CFTC.gov Commitments of Traders Reports Update
January 5, 2018--The current reports for the week of January 2, 2018 are now available.
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Source: CFTC.gov
Renaissance Capital Scheduled U.S. IPOs
January 5, 2018--Industrial Logistics Properties Trust (ILPT)-Newton, MA
Deal Size: $590 mil
Exchange: Nasdaq
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IPO Index Performance
The Renaissance IPO Index has returned 1.0% so far this year,
compared to 1.9% for the S&P 500.
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Source: Renaissance Capital
Harvest Announces Filing of the Preliminary Prospectus for Canada's First Blockchain Technologies ETF
January 5, 2018--Harvest Portfolios Group Inc. ("Harvest") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for Canada's first blockchain technologies ETF, Blockchain Technologies ETF ("HBLK"). This innovative ETF is designed to provide Canadian investors access to the developing blockchain technology sector.
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Source: Harvest Portfolios Group Inc.
CAPE Fear: Why CAPE Naysayers Are Wrong
Beware the consequences of assuming that elevated CAPE ratios are here to stay, but if they are the "new normal," low future returns are likely to be the "new normal' as well.
Key Points
The CAPE (cyclically adjusted PE) ratio is not a useful timing signal for market turning points, but is a powerful predictor of long-term market returns.
Many arguments have been offered to justify elevated CAPE ratios. Most or all of the factors underlying these arguments are inherently temporary and subject to either near-term or eventual mean reversion. Beware the consequences of assuming that elevated CAPE ratios are here to stay, but if they are the "new normal," low future returns will be as well.
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Source: Research Affiliates
Emerging-Market Pioneer Mark Mobius to Retire
January 5, 2018--Emerging-markets guru and evangelist Mark Mobius, who has spent more than three decades with Franklin Templeton Investments, will retire from the global investment-management firm at the end of the month.
Mr. Mobius, executive chairman of Templeton Emerging Markets Group, joined the firm in 1987 to launch one of the first funds dedicated to emerging markets.
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Source: Wall Street Journal
ETFGI reports record-breaking 2017 for US-listed ETFs and ETPs with assets increasing 34.3% to reach a record US$3.42 trillion
January 5, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in the United States increased by 34.3% during 2017 to reach a new high of US$3.42 Tn at the end of December.
According to ETFGI's December 2017 US ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in US-listed ETFs/ETPs grew by a record US$874 Bn during 2017, over double the previous record of US$419 Bn set in 2016. The increase of 34.3%, from US$2.55 Tn at the end of 2016, also represents the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis.
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Source: ETFGI
The Challenge for Vanguard's New CEO: Keep a Behemoth Growing
January 4, 2018--Mortimer J. 'Tim' Buckley must also contend with new challengers trying to undercut on price
Vanguard's new chief executive has a challenge his three predecessors didn’t: How to grow a firm that is already the world's second largest investment manager.
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Source: Wall Street Journal
REX Shares and Brian Kelly Announce Partnership to Develop Cryptocurrency ETFs
January 4, 2018--REX Shares, LLC (REX), a provider of alternatives strategy funds and ETFs, today announced a partnership with Brian Kelly, founder and CEO of BKCM (BKCM) and an investor in REX, to develop a line of ETFs and other funds designed to give investors exposure to the blockchain technology, cryptocurrency, and digital assets sectors.
Brian Kelly will serve as a portfolio manager for the suite of funds.
REX and BKCM see a large demand for regulated investment products that give exposure to the potential value creation taking place with the evolution of cryptocurrencies and blockchain technology.
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Source: REX
Merrill Lynch to its Herd: No Bitcoin Trades
January 4, 2018--Should your clients be allowed to buy bitcoin? Increasingly, brokerage firms are taking that decision out of the hands of advisors and clients. In the latest development, Merrill Lynch has barred bitcoin-related trading in all accounts.
Bitcoin, of course, is the poster child for volatility and speculation. Having started last year below $1,000, it had five major selloffs en route to exceeding $19,000 by December. Bitcoin sits near $15,000 today
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Source: Barron's
