Americas ETP News
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AdvisorShares Weekly Market Review-Markets Continue To Melt (higher!)
July 24, 2017--Highlights of the Prior Week Ending 7/21/2017
Macro
The Bank of Japan (the central bank) left rates on hold at -0.1% and also revised its timetable for achieving 2% inflation to 2020.
There is a quote that goes something like "inflation is the easiest thing in the world to create, except when you need it." Before the financial crisis, the only concern was that of inflation. The crisis was a deflationary event that fortunately did not create a deflationary debt spiral but global GDP has not really gotten going, for developed countries anyway, and countries are struggling to get inflation to levels that would go with healthy growth.
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Source: AdvisorShares
Announcing the First U.S. Federally Regulated Exchange and Clearing House for Digital Currency Derivatives
July 24, 2017--LedgerX Receives U.S. Federal Government License to Trade, Clear and Settle Digital Currency Contracts
LedgerX, the New York-based institutional trading and clearing platform for digital currencies, receives approval to operate the first U.S. federally-regulated exchange and clearing house for derivatives contracts settling in digital currencies.
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Source: LedgerX
Deutsche Bank Markets Research-North America-United States-Synthetic Equity & Index Strategy-ETF+ Quarterly Directory
July 21, 2017--Data as of June 30th, 2017
This document includes all US listed exchange-traded funds (ETFs) and exchange-
traded vehicles (ETVs), plus a special section covering exchange-traded (ETNs).
The directory is organized by asset class and asset-class-related sub sections.
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Source: Deutsche Bank Markets Research-North America-United States-Synthetic Equity & Index Strategy
Power struggle at Guggenheim Partners rattles a Wall Street star
July 21, 2017--Battle between CEO and investment chief has alarmed clients and sparked departures.
A power struggle has broken out between Guggenheim Partners' two most prominent executives, sapping morale, alarming clients and contributing to the departure of several top managers, according to current and former employees of the $240bn asset manager and investment bank.
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Source: FT.com
SEC slated to finalize new transparency rules next spring
July 21, 2017--The US Securities and Exchange Commission is tentatively planning to finalize rules next spring aimed at increasing transparency for alternative trading systems and modernizing disclosure requirements by registered investment companies.
The rules were included in a semiannual agenda of planned regulations that the SEC submitted to the White House...
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Source: mlexfs-core.com
ETF Managers Group Announces Closures Of 2 ETFs
July 21, 2017--ETF Managers Group LLC ("ETFMG") today announced that the Board of Trustees of the ETF Managers Trust has decided to close the PureFunds ISE Big Data ETF (BIGD) and the PureFunds Solactive FinTech ETF (FINQ) based on an ongoing review of market demand.
Effective immediate, BIGD and FINQ will increase their cash holdings in contemplation of liquidation and will no longer accept creation orders.
Trading will be suspended on the NYSE Arca for BIGD and on Nasdaq for FINQ at the closing of the market on July 31, 2017.
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Source: ETF Managers Group (ETFMG)
Thomson Reuters and S-Network Introduce ESG Best Practices Ratings & Indices
July 20, 2017--Rebranding and methodology changes to existing indices reflect market evolution and growth of ESG investing strategies
Responding to changes in the way Thomson Reuters collects ESG data and the growth of socially responsible investing (SRI), Thomson Reuters in partnership with global indices provider S-Network has announced changes to the methodology for the Thomson Reuters Corporate Responsibility Ratings and Indexes, which effective immediately have been rebranded Thomson Reuters/S-Network ESG Best Practices Ratings & Indices.
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Source: Thomson Reuters Lipper
Toronto Stock Exchange Reaches Record Number of ETFs
July 20, 2017--Market open ceremony to celebrate significant milestone
Toronto Stock Exchange (TSX) today announced that it has reached a significant milestone with 500 exchange traded funds (ETFs) listed.
This number has more than doubled in the past five years, bringing the total market capitalization of listed ETFs to approximately $130 billion as of June 30, 2017.
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Source: www.marketwatch.com
USCF Launches The United States 3X Oil Fund and The United States 3X Short Oil Fund
July 20, 2017--Today, USCF launched the United States 3X Oil Fund (USOU) and the United States 3X Short Oil Fund (USOD).
Both funds are exchange-traded products that issue shares that may be
purchased and sold on the NYSE Arca. USOU seeks a return that is 300% of the return of the West Texas
Intermediate ("WTI") light, sweet crude oil futures contract and USOD seeks a return that is -300% of the
return of the WTI light, sweet crude oil futures contract.
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Source: USCF
DB Markets Research-North America Synthetic Equity & Index Strategy-US ETF Compass-ETPs entered uncharted territory with $245bn inflows in H1
July 20, 2017--June turned a positive, but mixed month for risky assets
Global Equities were up by 0.80% during last month, mainly driven by US and
EM equities with returns of 0.95% and 0.93%, respectively; meanwhile, DM Intl
equities were also positive, but less significant (+0.3%). Fixed Income was mixed with rates pointing to a flattening of the curve, and credit spreads tightening.
Long US Treasuries (+0.79%), IG Corporates (+0.48%), and EM Gov. Debt in local currency (+0.53%) were among the best performers; while US Inflation (-0.87%), and EM Gov. Debt in USD (-0.72%) were among the weak debt areas for June.
Commodities registered losses of almost 1.0%, dragged by most sectors except Industrial Metals (+3.5%) and Palladium (+3.0%). On the currency side, although it appreciated against the JPY, the USD weakened against most major foreign currencies, particularly the EUR.
Strong inflows during June boosts ETP assets by 1.7%
ETPs received $46.9bn in new cash, helping assets rise by 1.7% from one month earlier, reaching a total of $2.96 trillion at the end of June. Equity and Fixed Income attracted inflows of $31.4bn and $13.7bn, respectively, while, Commodity ETPs posted inflows of $1.5bn. Among the most relevant inflow trends, we saw US and DM ex-US Equities with $10.4bn and $9.6bn, respectively; meanwhile, Europe and Eurozone-focused ETPs attracted $2.6bn and $1.4bn in new cash, respectively. Furthermore, on the fixed income space, Corporates and Broad exposure recorded $5.2bn and $3.6bn in positive flows, respectively. ETPs get $245bn inflows in H1, lay the ground for $250-$500bn more in H2 ETPs attracted $245bn in what it is usually the weak half of the year for ETP flows. This figure was not only the largest H1 inflows ever, but also the second largest full year inflow, just behind last year's record inflow ($283bn), with the difference that we still have the strong half to continue adding inflows. We believe that based on historical trends, inflows in the magnitude of $250bn to $500bn could be a real possibility during the second half.
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Source: Deutsche Bank Markets Research-North America-Synthetic Equity & Index Strategy
