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Robo Advisers' Latest Foray: Socially Responsible Investing
June 18, 2017--Digital investment services focus on niches to stand out from crowd
As the millennial investor comes of age, two youthful trends are converging: socially responsible investing and robo-advisory services.
Over the past year, a small but growing number of firms have introduced automated-or "robo"-investment services that include socially responsible investments.
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Source: Wall Street Journal
Dhandho Funds to Close and Liquidate the Dhandho Junoon ETF
June 16, 2017--After careful consideration, the Board of Trustees of the Cambria ETF Trust has determined to close and liquidate the Dhandho Junoon ETF (the "Fund").
Cambria Investment Management, LP ("Cambria") serves as the investment advisor to the Fund. Dhandho Funds serves as the sponsor and index provider of the Fund.
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Source: Dhandho Funds
Horizons ETFs Announces ETF Closure
June 16, 2017--Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (the “"Manager") announced today that they will be terminating the Horizons Managed Multi-Asset Momentum ETF (the "ETF") effective at the close of business on Friday, August 18, 2017 (the "Termination Date").
Details of the ETF are as follows:Horizons Managed Multi-Asset Momentum ETF
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Source: Horizons ETFs Management (Canada) Inc.
Global X Funds' Robotics and Artificial Intelligence ETF (BOTZ) Crosses $100 Million Mark
June 16, 2017--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced that the Global X Robotics and Artificial Intelligence ETF (BOTZ), has crossed the $100 million in assets under management threshold.
The fund launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index.
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Source: Global X
Among 12 New ETFs, One Standout
June 16, 2017--We’ve initiated coverage of twelve new equity ETFs, including five actively managed ETFs, four "ESG" funds (short for Environmental, Social and Governance criteria), and one fund-of-funds.
However, none of those caught our eye as especially noteworthy or attractive.
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Source: AltaVista Research
Research Affiliates-CAPE Fatigue
June 15, 2017--CAPE Fatigue Key Points
The one-factor CAPE model better predicted market returns than a simple yield-plus-growth model in five straight decades, before underperforming in three of the last four.
Although CAPE is often intimated as a one-size-fits-all tool, no single model is a silver bullet applicable to all markets, all the time.
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Source: Research Affiliates
Flush With Cash, Top Quant Funds Stumble
June 15, 2017--While their returns lag behind those of more traditional trading strategies, computer-model investors still see money pour in.
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Source: Wall Street Journal
BNY Mellon's Pershing Launches No-Transaction-Fee ETF Platform; Introduces FundVest(R)ETF
June 15, 2017--BNY Mellon's Pershing launched today its new no-transaction-fee (NTF) exchange-traded fund (ETF) platform: FundVest(R) ETF.
The NTF platform requires no purchase minimums or holding period, and will be available to all Pershing clients.
The solution complements Pershing's existing mutual fund NTF platform, FundVest. It provides Pershing's clients with flexibility to deliver a broad range of ETFs to investors while reducing explicit costs.
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Source: BNY Mellon
Merk Insights-Ultra-low Volatility #ThisTimeIsDifferent
June 14, 2017--We increasingly see claims low volatility in the markets may be structural. Even as we agree that some of the analyses we see make good points, we are concerned we may be setting ourselves up for a major shock.
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Source: Merk Investments
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting
June 14, 2017--The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the June 13-14 meeting.
view the Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents
Source: federalreserve.gov