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CBOE and Gemini Enter Into Exclusive Global License Agreement to Use Bitcoin Market Data
August 2, 2017--Multi-year license will allow both firms to explore bitcoin derivatives opportunities
Pending regulatory review, the collaboration begins with plans to launch cash-settled bitcoin futures on CBOE Futures Exchange (CFE) in the fourth quarter of 2017 or early 2018
Agreement builds on the existing relationship between the CBOE family and Gemini
Trading volume of the bitcoin market has grown substantially in the last two years
CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) and Gemini Trust Company, LLC (Gemini) today announced an agreement that provides Chicago Board Options Exchange, Incorporated (CBOE) and its affiliates with an exclusive global license to use Gemini's bitcoin market data for bitcoin derivatives and indices.
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Source: CBOE Holdings, Inc
IMF Working paper-When Gambling for Resurrection is Too Risky
August 1, 2017--Summary:
Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers not hit as hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced risk within assets with identical regulatory treatment.
State level US insurance regulation makes it unlikely this risk reduction was driven by moral suasion. Other financial institutions also reduce risk after large shocks: the same approach applied to banks yields similar results. My results suggest that, at least in some circumstances, franchise value can dominate, making gambling for resurrection too risky.
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Source: IMF
ULTUMUS ETF Green Book-US Market Summary
August 1, 2017--Summary
At the 27th of July 2017 there were 1,837 US ETFs with assets of US$ $ 2,979.63 Bn a shade below the magical US$ 3 Tn mark.
Assets in ETFs have increased by US$ 67Bn since the 30th June 2017.
The VanEckVectors Gold Mining ETF continues to bleed assets with outflows of US$ 657.27 Mn or another 8% of it's AUM. The USO oil fund, another commodity ETF also saw significant outflows of US$ 463 Mn.
Assets in the iShares Core S&P 500 ETF & SPDR S&P 500 TRST saw strong inflows in excess of US$ 12 Bn. Assets in ETFs tracking Emerging and developed markets also outperformed with assets increasing by US$ 9.07 Bn and US$ 7.1 Bn respectively.
The iShares ETF range were once again the largest winners this month increasing AUM by US$18 Bn.
17 New products came to market in the month and 18 funds are scheduled to terminate.
view the ULTUMUS ETF Green Book-US Market Summary report
Source: ULTUMUS-Financial Data Management
Horizons DAX Germany ETF slashes fees by over 50 per cent
August 1, 2017--Horizons ETFs Management (US) LLC ("Horizons US"), announced a reduced expense ratio for the Horizons DAX Germany ETF (Nasdaq: DAX) ("the fund"), from .45 percent to .20 percent.
This 25 basis point reduction represents a 55 percent decrease, effective August 1, 2017.
The fund, launched in October 2014, is the only U.S.-listed ETF to track the DAX® Index, which contains shares of the 30 largest and most liquid companies on the German equities market.
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Source: Horizons ETFs Group
ProShares Announces Changes to ETF Lineup
August 1, 2017-- ProShares announced that it plans to close and liquidate the following ETFs:
| ProShares ETF | Ticker |
|---|---|
| Short S&P Regional Banking | KRS |
| Ultra S&P Regional Banking | KRU |
| Ultra Oil & Gas Exploration & Production | UOP |
| UltraShort Oil & Gas Exploration & Production | SOP |
| Ultra MSCI Mexico Capped IMI | UMX |
| UltraShort MSCI Mexico Capped IMI | SMK |
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Source: ProShares
The Forum at ETF Research Center-The Forum at August 2017 Sector SPDR Analyzer
August 1, 2017--The ETF Analyzer, Sector SPDR Edition for August 2017 is ready for download. This monthly publication has succinct one-page reports on each of the 10 Select Sector SPDR ETFs in three easy-to-read sections: Investment Summary, Fundamentals, and Composition.
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Source: AltaVista Research
Impact Shares Secures Funding from Rockefeller Foundation
August 1, 2017--Philanthropic Organization Backs First Nonprofit ETF Platform's ESG Mission
-Impact Shares, the first and only nonprofit exchange-traded fund (ETF) platform, has secured a $300,000 grant from The Rockefeller Foundation to partner with other leading nonprofits to launch focused social issue investment products.
The funding from one of the nation's foremost philanthropies highlights the tremendous potential of Impact Shares in engaging retail investors in the impact investment movement. Impact Shares will be launching the first of its innovative ETFs in late 2017.
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Source: Impact Shares
Rockefeller Foundation Backs Nonprofit ETF Startup
August 1, 2017-- The Rockefeller Foundation is helping to finance a startup hoping to build exchange-traded funds for nonprofit organizations and direct the profits back to their causes, officials from the group said with a plan to announce the initiative later on Tuesday.
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Source: New York Times
BMO Canadian ETF Dashboard-as of July 31, 2017
July 31, 2017--Monthly Summary
International Equity, Financial Services Equity and Canadian Fixed Income Drive Growth in July
For the month of July, Canadian ETF industry assets under management stood at $130.5 billion, a decrease of $348 million, or -0.3%, over the previous month.
The decrease was driven by inflows of $386 million, and market movement of -$734 million.
The top three inflows categories were International Equity, Financial Services Equity and Canadian Fixed Income. BMO ETFs reported inflows of more than $905 million, led by ZEA, ZIC, ZSP, ZEB and ZWE.
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Source: BMO Financial Group
Advisors Lead Race To Bottom In Fund Expenses
July 31, 2017--Advisors gave a boost to active mutual funds in the first half of 2017-as long as the management came at a reasonable price.
According to the most recent Fund Distribution Intelligence report from Broadridge, the U.S. fund universe enjoyed $566 billion of net asset growth, a 5.5 percent increase.
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Source: fa-mag.com
