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Renaissance Capital Scheduled U.S. IPOs-Week of 11/13/17
November 10, 2017---U.S. IPOs-Week of 11/13/17
IPO Index Performance
The Renaissance IPO Index has returned 31.5% so far this year,
compared to 15.4% for the S&P 500.
IPO Activity
There have been 141 IPOs priced so far this year, a +47% change from last year.
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Source: Renaissance Capital
Vanguard Launches Total Corporate Bond ETF
November 9, 2017--Vanguard today launched Vanguard Total Corporate Bond ETF (VTC), expanding its U.S. fixed income fund roster to 17 ETFs and 51 indexed and actively managed mutual funds.
The fund offers investors low-cost exposure to the broad U.S. investment-grade corporate bond market through a single fund.
"The Total Corporate Bond ETF provides investors with a core portfolio building block and is a welcome addition to Vanguard's diversified lineup of low-cost bond ETFs," said John Hollyer, global head of Vanguard Fixed Income Group.<>view more
Source: Vanguard
Thomson Reuters-U.S. Weekly Fund Flows Insight Report: Conventional Funds and ETFs Take in a Net $17.5 Billion for the Week
November 9, 2017--For the fourth week in five investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $17.5 billion. Investors padded the coffers of equity funds (+$4.7 billion), taxable bond funds (+$1.6 billion), money market funds (+$10.8 billion), and municipal bond funds (+$463 million).
Despite the lower-than-expected October nonfarm-payrolls report, investors continued to send the three major indices to new record highs during the fund-flows week ended November 8, 2017. Pundits cheered the first step toward tax-reform legislation (Tax Cuts and Jobs Act) introduced by House Republicans at the beginning of the flows week, along with the better-than-expected Q3 2017 earnings reports from companies such as Apple. For the flows week the NASDAQ Composite Price Only Index gained 1.08%, while the Russell 2000 Price Only Index closed down 0.74% as small-cap issues came under pressure.
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Source: Thomson Reuters
Virtus ETF Solutions and Glovista Investments Introduce ETF Targeting 'Most Favored' Emerging Markets
November 9, 2017--Virtus Glovista Emerging Markets ETF Launches on NYSE as 'EMEM'
Virtus ETF Solutions, an affiliate of Virtus Investment Partners, Inc. (NASDAQ: VRTS), has partnered with Glovista Investments LLC to introduce the Virtus Glovista Emerging Markets ETF, which begins trading today as "EMEM" on NYSE Arca.
The fund relies on Glovista's proprietary quantitative methodology to provide passive, diversified exposure to stocks in select "most favored" emerging market countries, while seeking to avoid exposure to stocks from the weakest countries.
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Source: Virtus ETF Solutions
Cboe Welcomes New iShares Fund to ETF Marketplace
November 9, 2017--Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today welcomed a new iShares fund to the Cboe ETF Marketplace. The iShares U.S. Dividend and Buyback ETF (Cboe: DIVB) seeks to track the investment results of the Morningstar(R) US Dividend and Buyback IndexSM (the "Underlying Index").
The Underlying Index is designed to provide exposure to U.S.-based companies that return capital to shareholders through dividend payments, share buybacks or both, and is a subset
of the Morningstar US Market Index, which is a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded U.S. stocks.
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Source: Cboe Global Markets
J.P. Morgan Asset Management Launches Five U.S. Equity Single Factor ETFs
November 9, 2017--funds target specific exposures within a diversified portfolio
J.P. Morgan Asset Management announced today the expansion of its ETF lineup with the launch of five domestic single factor equity ETFs-J.P. Morgan U.S. Value Factor ETF (JVAL), J.P. Morgan U.S. Quality Factor ETF (JQUA), J.P. Morgan U.S. Momentum Factor ETF (JMOM), J.P. Morgan U.S. Minimum Volatility ETF (JMIN) and J.P. Morgan U.S. Dividend ETF (JDIV)-which are designed to provide targeted exposure to address a specific need within a client's portfolio.
Leveraging J.P. Morgan's existing capabilities and expertise, the funds will be managed by an investment team led by Yazann Romahi, CIO of Quantitative Beta Strategies and Portfolio Manager at J.P. Morgan Asset Management.
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Source: J.P. Morgan Asset Management
Vexo and Justwealth partner to introduce a revolutionary ETF solution for Mutual Fund Dealers
November 9, 2017--A ground-breaking partnership that allows Mutual Fund Advisors to strengthen their client relationships while providing them access to professionally-managed, low-cost ETF portfolios.
With the exponential growth rate of ETF products over the last few years, Fotios Saratsiotis, President of Vexo explains why this partnership with Justwealth is so essential for Mutual Fund Dealers.
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Source: Vexo Technology Solutions Corp.
Eaton Vance Oaktree Diversified Credit NextSharesTM to Launch in Mid-November
November 9, 2017--Eaton Vance Management (Eaton Vance), a subsidiary of Eaton Vance Corp. (NYSE: EV), today announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares (the Fund), a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Vance will advise the Fund and Oaktree Capital Management, L.P. (Oaktree), a subsidiary of Oaktree Capital Group, LLC (NYSE: OAK), will subadvise the Fund.
The Fund will establish investment exposures to credit markets around the world by investing in high-yield bonds, senior loans, convertibles, real estate debt securities, corporate structured credit and emerging-market debt. Eaton Vance has filed a registration statement for the Fund with the U.S. Securities and Exchange Commission.
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Source: Eaton Vance and NextShares Solutions, LLC
Traders Jump Into FANG Futures on First Day
November 9, 2017--Investors are wading into a new futures contract that tracks an index of high-profile technology companies.
Futures on the New York Stock Exchange's FANG+ Index follow 10 big firms, often shorthanded as FANG. On Wednesday, the first day of trading, 418 contracts had changed hands, all of which..
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Source: FT.com
