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SEC’s Division of Investment Management to Host Second Annual Conference on Emerging Trends in Asset Management
April 17, 2024--The Securities and Exchange Commission today announced that, starting on May 22, 2024, the fee rates applicable to most securities transactions will be set at $27.80 per million dollars.
Consequently, each self-regulatory organization will continue to pay the Commission a rate of $8 per million for covered sales occurring on charge dates through May 21, 2024, and a rate of $27.80 per million for covered sales occurring on charge dates on or after May 22, 2024.
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Source: SEC.gov
Exchange Traded Concepts to Close and Liquidate the Carbon Strategy ETF
April 12, 2024--The Board of Trustees of ETF Series Solutions, upon a recommendation from Exchange Traded Concepts, LLC, the investment adviser to the Fund, has determined to close and liquidate the Fund immediately after the close of business on May 3, 2024 (the "Liquidation Date"). Shares of the Fund are listed on the NYSE Arca, Inc.
Effective on or about April 30, 2024, the Fund will begin liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund's prospectus.
The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date.
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Source: Exchange Traded Concepts, LLC
StockSnips Unveils their first AI-powered ETF: NEWZ, now trading on Nasdaq
April 12, 2024--StockSnips Inc,, a leader in AI-powered investment strategies, announces the launch of its first ETF, NEWZ, now trading on (NASDAQ).
StockSnips AI-powered Sentiment US All Cap ETF (NEWZ) represents a significant leap forward in the integration of artificial intelligence and natural language processing within financial markets, offering investors a unique opportunity for long-term capital appreciation.
This advancement is underpinned by the firms' substantial investments in AI technology and comprehensive validation of models, reflecting years of innovation and commitment to building AI that has the advantage of recognizing patterns that are non-stationary, an issue with current traditional quantitative models.
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Source: StockSnips
Strive Announces the Launch of Mid-Cap ETF (NYSE: SSTMX)
April 11, 2024--Today, Strive Asset Management ("Strive"), a leading provider of shareholder-focused investment solutions, announced the launch of its twelfth fund, the Strive Mid-Cap ETF (NYSE: STXM), which offers Strive investors access to the middle 400 corporations by market cap of the Bloomberg US 1500 Index.
STXM joins the Strive 500 ETF (STRV) and Strive Small-Cap ETF (STXK) to complete the company's market cap series and provide investors access to the entire Bloomberg US 1500 Index. STXM will also deliver to investors Strive's proxy voting and shareholder engagement, which aims to unlock value for investors by advocating that companies focus on maximizing value over all other considerations.
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Source: Strive Enterprises, Inc.
Obra Fund Management Launches Opportunistic Structured Products and High Grade Structured Products ETFs
April 10, 2024--Obra ETFs to Invest Opportunistically in a Wide Variety of Securitized Products that have Potential to Produce Income
Obra Capital, Inc. ("Obra") today announced the listing of Obra Opportunistic Structured Products ETF (NYSE: OOSP) and Obra High Grade Structured Products ETF (NYSE: OGSP).
The ETFs are the inaugural investor offerings of Obra Fund Management, LLC, the manager of the funds. Additional information about the manager and the funds can be found at the newly launched website www.ObraFunds.com.
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Source: Obra Capital, Inc.
Roundhill Investments Appoints Dave Mazza as CEO
April 10, 2024--Roundhill Investments, an ETF sponsor focused on innovative financial products, today announced the appointment of Dave Mazza as its Chief Executive Officer as the firm embarks on its next stage of growth.
"We are thrilled for Dave to take on the CEO role as Roundhill enters the next phase of its growth trajectory," said Will Hershey, Roundhill Co-Founder.
"We believe that Dave's proven leadership and significant ETF experience position the firm to accelerate our expansion within the increasingly competitive ETF marketplace."
Mazza is a long-standing ETF industry expert, frequently appearing on financial media including CNBC and Bloomberg. Prior to joining Roundhill, Mazza was Managing Director, Head of Product, at Direxion. Previously, he held leadership roles with OppenheimerFunds and State Street SPDR ETFs.
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Source: Roundhill Investments
Westwood Launches First Exchange-Traded Fund: Westwood Salient Enhanced Midstream Income ETF (MDST)
April 9, 2024--Westwood Holdings Group (WHG), a publicly-traded investment management boutique and wealth management firm, today launched the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST). The fund is the first Westwood Exchange-Traded Fund (ETF).
MDST seeks to deliver current income and capital appreciation by investing in midstream energy companies, defined as companies and master limited partnerships (MLPs) that gather, transport, store and distribute crude oil, natural gas and other energy products. The ETF combines a high conviction, actively managed, energy-focused equity portfolio with an options overlay designed to produce enhanced income distributions for investors.
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Source: Westwood Holdings Group Inc
PT Asset Management Launches Actively Managed Short-Term Bond ETF (Ticker: STBF)
April 9, 2024---STBF is a diversified portfolio seeking to thrive in all markets, regardless of interest rates
PT Asset Management, LLC (PTAM), a boutique fixed income asset manager with $7.7 billion in assets under management, proudly debuts its inaugural exchange traded fund (ETF), the Performance Trust Short Term Bond ETF (Ticker: STBF), which began trading on the CBOE today.
With over fifteen years of experience managing fixed income strategies, PTAM is confidently entering the ETF arena, aiming to offer investors a diversified, actively managed shor-term bond strategy tailored to thrive in diverse market conditions.
Leveraging their proprietary investment process, Shape Management, PTAM has garnered a reputation for challenging conventional bond metrics and not relying on macroeconomic predictions.
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Source: PT Asset Management
CBO-Monthly Budget Review: March 2024
April 8, 2024--Summary
The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, the Congressional Budget Office estimates-$37 billion less than the deficit recorded during the same period last fiscal year.
Summary
The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, the Congressional Budget Office estimates-$37 billion less than the deficit recorded during the same period last fiscal year. Revenues this year were $140 billion (or 7 percent) higher and outlays were $103 billion (or 3 percent) higher from October through March than during the same period in fiscal year 2023.
Shifts in the timing of certain payments affect that comparison. Outlays in the first six months of each fiscal year were reduced by shifts of some payments that otherwise would have been due on October 1, which fell on a weekend.
Revenues this year were $140 billion (or 7 percent) higher and outlays were $103 billion (or 3 percent) higher from October through March than during the same period in fiscal year 2023.
Shifts in the timing of certain payments affect that comparison. Outlays in the first six months of each fiscal year were reduced by shifts of some payments that otherwise would have been due on October 1, which fell on a weekend.
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Source: bruegel.org
Buffered ETFs on the Rise: Enhancing Retirement Portfolios
April 5, 2024---Rising Trend: Buffered ETFs boost retirement portfolios, optimize returns, reduce risk
The investment environment is continuously changing, with a recent development being the increasing popularity of buffered Exchange-Traded Funds (ETFs).
These modern financial tools aim to offer investors, especially those concentrating on retirement investments, a degree of safeguarding against market declines while also enabling growth opportunities.
Over the past two years, investors with a focus on retirement portfolios have invested over US$20 billion into US exchange-traded funds that limit gains and losses, posing a competitive threat to traditional offerings from insurance providers. Buffered ETFs, also known as defined outcome ETFs, employ derivatives to moderate the effects of market fluctuations, whether bullish or bearish. Gaining traction since their introduction in 2018, these financial instruments have become particularly attractive to investors who have navigated crypto market volatility caused by the pandemic in 2020 and a challenging year for both stocks and bonds in 2022.
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Source: analyticsinsight.net
