Americas ETP News
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U.S. Weekly FundFlows Insight Report: Despite Increased Volatility During the Week, Investors Return to Equity Funds
September 1, 2017--For the first week in six investors were net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $11.3 billion. Once again, though, the headline numbers were slightly misleading. While investors padded the coffers of equity funds (+$6.1 billion), taxable bond funds (+$2.1 billion), and municipal bond funds (+$345 million) for the week, they were net redeemers of money market funds (-$19.9 billion).
During a low-volume, quasi-volatile trading week investors pushed the major indices up. For the fund-flows week ended Wednesday, August 30, 2017, the Russell 2000 Price Only Index and the NASDAQ Composite Price Only Index gained 1.58% and 1.43%, respectively, despite investors' worries.
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Source: Thomson Reuters Lipper
ULTUMUS-US ETF Report: August 2107
September 1, 2017--At the end of August 2017 there were 1,781 US ETFs with assets of US$ 2,899 Bn.
Assets in US domiciled ETFs increased by US$ 8 Bn during August.
The SPDR ETF range were the largest winners this month increasing AUM by US$5.3 Bn driven by increases of US$ 4.6 Bn in the SPDR S&P 500, however this was tempered by losses of US$ 2.9 Bn in SPDR Select Sector ETFs.
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US ETF Market Summary August 2017
Source: ULTUMUS-Financial Data Management
IEX Forced to Offer Huge Concession to Win NYSE, Nasdaq Listings
August 1, 2017--Will not charge listed companies a fee for at least five years
Acknowledges it faces tough competition from NYSE, Nasdaq.
IEX Group Inc., acknowledging how hard it will be to battle the New York Stock Exchange and Nasdaq Stock Market's listing duopoly, is offering companies that transfer to its Investors Exchange five years of no listing fees.
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Source: Bloomberg
National Bank Direct Brokerage Eliminates Commissions for All Exchange-traded Funds listed in the United States
August 31, 2017--National Bank Direct Brokerage, a subsidiary of National Bank of Canada (TSX: NA) and a leader in online brokerage, has announced that its clients will now be able to carry out online trades of exchange-traded funds (ETFs) listed on a U.S. market with no commissions.
A year after introducing commission-free trading on ETFs listed in Canada, NBDB is extending this pricing policy to US-listed ETFs to meet the needs of self-directed investors.
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Source: National Bank Direct Brokerage
First Asset Tech Giants Covered Call ETF
August 31, 2017-- First Asset Investment Management Inc. ("First Asset") announces the launch of an unhedged class of units of First Asset Tech Giants Covered Call ETF (the "ETF"). This new class of units will commence trading today on the Toronto Stock Exchange ("TSX") under the ticker symbol TXF.B (the "Unhedged Units").
The hedged class of units of the ETF (the "Hedged Units") has been available since October, 2011 and trade on the TSX under the ticker symbol TXF.
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Source: First Asset
Lowest Priced Gold ETF Hits Market-GraniteShares delivers lowest cost physical gold backed ETF to market*
August 31, 2017---GraniteShares looks to raise the BAR in standards, and lower the BAR on price
Will the gold ETF market ever look the same again?
GraniteShares, a new kind of exchange-traded fund (ETF) company focused on disruption through new exposures, better structures and low-cost investments, today is seeking to set the gold standard for low-cost access to gold with the launch of the GraniteShares Gold Trust (NYSE Arca: BAR).
The fund begins trading today and boasts the lowest expense ratio of all gold ETFs in the marketplace at 20 basis points*.
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Source: GraniteShares
FINRA-Initial Coin Offerings: Know the risks before you buy
August 31, 2017--The Financial Industry Regulatory Authority (FINRA) today issued an Investor Alert warning investors about the potential risks of participating in initial coin offerings, commonly referred to as ICOs.
An ICO involves the creation and distribution of virtual coins or tokens by a company to raise capital. ICOs differ from initial public offerings (IPOs) of stocks. ICOs typically confer no ownership rights in the company and, unlike bonds, ICOs do not involve investors lending money to the issuer.
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Source: Financial Industry Regulatory Authority (FINRA)
Canadian economy grows at 4.5% pace in Q2, easily beating forecasts
August 31, 2017--Canada's economy grew at a rapid pace in the second quarter, easily beating economists' expectations and the rate of growth at its larger neighbour, the US.
Gross domestic product rose at an annualised pace of 4.5 per cent in the second quarter, Statistics Canada said.
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Source: FT.com
NYSE Proposes Delay on End-of-Day Company Announcements
August 30, 2017--Move is a bid to protect exchange's closing auctions that determine end-of-day price for thousands of stocks
Besieged by fast-trading robots, the floor traders at the New York Stock Exchange are getting a little help: an exchange-imposed news embargo for listed companies in the minutes after the market's 4 p.m. close.
The NYSE, a unit of Intercontinental Exchange Inc., plans to prevent firms from issuing news releases for up to five minutes after closing time, according to a regulatory notice that came out this week.
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Source: Wall Street Journal
Virtus ETF Solutions Rebrands BioShares ETFs; Moves Listings for BBC, BBP to NYSE Arca
August 30, 2017--Virtus ETF Solutions, an affiliate of Virtus Investment Partners, Inc. (NASDAQ: VRTS) and multi-manager ETF sponsor, today announced that effective September 1, 2017, the BioShares Biotechnology Clinical Trials Fund (Ticker: BBC) and the BioShares Biotechnology Products Fund (Ticker: BBP) will change their names to the Virtus LifeSci Biotech Clinical Trials ETF and the Virtus LifeSci Biotech Products ETF, respectively, and will change their primary listing venue to NYSE Arca.
The funds, which are advised by Virtus ETF Advisers, will retain their current ticker symbols when they commence trading on the NYSE Arca exchange at market open on September 1, 2017.
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Source: Virtus ETF Solutions
