Americas ETP News
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Wall Street executives have gloomy outlook on third-quarter trading results
September 12, 2017--Executives from JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N) warned on Tuesday that trading conditions during the third quarter were likely to be poor for their banks.
Revenue from trading of stocks and bonds continues to suffer from decreased market activity and volatility, the executives said, speaking at a conference in New York sponsored by Barclays Plc.
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Source: Wall Street Journal
Bill Giving B-D's Freedom To Publish ETF Research Moving Through Congress
September 11, 2017--Congress is one vote away from passing a measure that would make it easier for brokers and dealers to publish research reports about increasingly popular exchange-traded funds.
After failing in 2015 and 2016, the Fair Access to Investment Research Act this year passed the House by an overwhelming margin and easily cleared a Senate committee. Senate approval is all that's needed to send the bill to President Donald Trump.
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Source: fa-mag.com
The Forum at ETF Research Center-Insurance ETFs Rally as Irma Dies
September 11, 2017--Hurricane Irma was downgraded to a tropical storm Monday morning after leaving many thousands of homes and businesses flooded and millions without power.
While not minimizing the human suffering, the storm's destructive power nonetheless appears to be less than what had been anticipated. Bloomberg Intelligence Analyst Jonathan Adams revised his estimate of insured losses down to $13 billion from an earlier figure of $33 billion.
Insurance ETFs rallied on the news, and were up as much as 3.4% as of 11:30 A.M. (Table 1).
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Source: AltaVista Research
State Street Study Reveals Asset Owners' Increasing Appetite for Illiquid Assets is Driving Interest in Co-Investment
September 11, 2017--State Street Corporation (NYSE: STT) announced today the findings from its latest study, A New Climate for Growth: Adapting Models to Thrive1, which reveals asset owners are gaining scale through consolidation and co-investment; and outsourcing certain key functions, while bringing others in-house.
Over the past five years, nearly a third of asset owners surveyed (30 percent) have brought some asset management activities in-house; and 23 percent plan to do so over the next 12 months. Two thirds of asset owners (66 percent) also believe institutional investors with multiple funds will increasingly consolidate them over the next five years.
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Source: State Street Corporation
Trump dampens ETF market optimism view more KraneShares MSCI One Belt One Road ETF (Ticker: OBOR) Lists on the New York Stock Exchange
The OBOR initiative is a primary focus of Chinese President Xi Jinping. view more
September 10, 2017--Reforms were expected to be a boon for US ETF providers.
Equity funds (-$1.1 billion) was the only fund macro-group that saw net money leave for the week.
Source: Thomson Reuters Lipper
September 8, 2017--Krane Funds Advisors, LLC, ("KraneShares") a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs) and innovative China investment strategies, announced the launch of the KraneShares MSCI One Belt One Road ETF (ticker: OBOR).
The OBOR ETF, listed on the New York Stock Exchange, holds strategic companies from countries participating in China's One Belt One Road initiative (OBOR).
Source: Krane Funds Advisors, LLC
