Americas ETP News
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Latest Outlook for The Americas: Back on Cruise Control, But Stuck in Low Gear
July 25, 2017--After disappointing growth over the past few years, economic activity in Latin America remains on track to recover gradually in 2017-18 as recessions in a few countries-notably Argentina and Brazil-are coming to an end. Our latest projections show the region growing by 1 percent in 2017 and 1.9 percent in 2018.
But amid low confidence, domestic demand continues to remain weak across most economies, and is expected to only recover slowly as actual output catches up to potential and internal sources of growth build strength, based on a decline in political and policy uncertainty across some major economies. Some countries in the region will need clear strategies to adjust further following a permanent loss in commodity revenues.
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Source: IMF
ROBO GLOBAL(R) Q2 2017 ROBOTICS QUARTERLY REVIEW
July 25, 2017--RECORD BREAKING YEAR FOR ROBO
The equity market has been resilient in the face of the realization that perhaps no fiscal stimulus is forthcoming this year.
This means that impressive gains in the US and world indices this year were not about Trump, infrastructure spending or the tax cuts, but about improving underlying company fundamentals and liquidity.
During Q2 2017, the ROBO Index was up 6.6%. The returns for 11 of 12 subsectors were positive, with only Energy down. The best performing subsectors were Consumer Products and Security, up 22% and 17%, respectively.
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Source: ROBO Global (R)
ProShares Launches First U.S. Equity ETF Specifically Designed to Outperform in a Rising Rate Environment
July 25, 2017--ProShares, a premier provider of ETFs, announced today the launch of ProShares Equities for Rising Rates ETF (EQRR), the first U.S. equity ETF specifically designed to outperform traditional large-cap indexes, such as the S&P 500,in a rising interest rate environment.
The fund is benchmarked to the Nasdaq U.S. Large Cap Equities for Rising Rates Index and is listed on the Nasdaq exchange.
Called NYSE American, the newest U.S. stock exchange went live Monday with a feature IEX first made famous: a 350-microsecond delay on orders, a speed bump that blunts some speed-driven trading strategies. view more
Source: Bloomberg
