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Canadian securities administrators propose a new prospectus exemption for the resale
June 29, 2017--The Canadian Securities Administrators (CSA) today published for comment proposed amendments to National Instrument 45-102 Resale of Securities (NI 45-102) that would introduce a new prospectus exemption for the resale of securities of a foreign issuer.
"The proposed amendments would facilitate access to global markets," said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers.
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Source: www.osc.gov.on.ca
CBO-An Update to the Budget and Economic Outlook: 2017 to 2027
June 29, 2017--Under current law, deficits in CBO's baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.
CBO projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory in relation to the nation's economic output, and federal debt would rise.
Economic growth is projected to remain modest, averaging slightly above 2.0 percent through 2018 and averaging somewhat below that rate for the rest of the period through 2027.
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Source: Congressional Budget Office (CBO)
U.S. Global Investors Launches "GOAU" Gold Royalty ETF
June 28, 2017--U.S. Global Investors, a San Antonio, Texas-based investment adviser, today launched the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE Arca: GOAU).
GOAU is a smart factor, passively managed fund that is designed to track the U.S. Global GO GOLD and Precious Metal Miners Index (GOAUX). GOAUX is designed to capture the performance of companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means.
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Source: U.S. Global Investors, Inc.
Virtus ETF Solutions Launches Alternative ETF
June 28, 2017--Virtus Enhanced Short U.S. Equity ETF Offers New Approach for Inverse ETFs
Virtus ETF Solutions, an affiliate of Virtus Investment Partners, Inc. (NASDAQ: VRTS) and multi-manager ETF sponsor, has introduced a new exchange traded fund that innovatively shorts exposure to large-and mid-cap U.S. equities without daily rebalancing and, in the process, mitigates swaps-based risks.
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Source: Virtus ETF Solutions
IMF-Peru : Selected Issues
June 28, 2017-FINANCIAL DEEPENING IN PERU-DO REGIONAL CHARACTERISTICS MATTER?1
This chapter presents an overview of the financial deepening achievements and challenges in Peru.
It focuses on informality as a barrier to greater financial deepening, and the associated links with branch penetration and usage of financial services in the different regions of the country.
A. Introduction
1. Peru has recorded remarkable rates of GDP growth in the past decades, and this
has been accompanied by progress in financial development. Real GDP growth has averaged 5.7 percent in the last decade, as the economy went through a period of macroeconomic and
financial stability. Accompanying this was progress in financial development, as the Peruvian financial system recovered from t
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Source: IMF
Marco Polo Securities Partners with Alpha Finance to Market Greek Investment Products
June 28, 2017--Marco Polo Securities Inc., the New York-based broker dealer and securities distribution platform, today announced that Alpha Finance, the leading Greek investment and securities firm, has joined its global marketing and distribution platform.
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Source: Marco Polo Securities Inc.
BlueStar Israel Weekly Market Snapshot #2
June 28, 2017--The BlueStar Israel Weekly Market Snapshot #2 is available.
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Source: Blue Star Indexes
Candriam launches ESG smart beta ETF range
June 28, 2017--Candriam Investors Group has launched a range of specialized ETF strategies which combine ESG screening with smart beta, the company has announced.
New York Life Investment Management, which owns Candriam, will provide its expertise in ETF products for Candriam's new range.
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Source: citywireamericas.com
2017 Article IV Consultation with the United States of America-Concluding Statement of the IMF Mission
June 27, 2017-- The Macroeconomic Outlook
1. The U.S. economy is in its third longest expansion since 1850. Real GDP is now 12 percent higher than its pre-recession peak, job growth has been persistently strong and, although there are measurement uncertainties, the U.S. economy appears to be back at full employment.
2. However, the outlook is clouded by important medium-term imbalances. The U.S. economic model is not working as well as it could in generating broadly shared income growth.
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Source: IMF
ClearShares LLC Launches First OCIO ETF
June 27, 2017--An Innovative Investment Solution Integrating the Expertise of the Outsourced Chief Investment Officer (OCIO) With the Advantages of an Exchange Traded Fund
ClearShares LLC, a wholly owned subsidiary of Clearbrook Global Advisors, announced today that the ClearShares OCIO ETF (NYSE: OCIO) began trading June 27, 2017 on the NYSE. An early adopter of OCIO in ETF form, the ClearShares OCIO ETF (the "Fund") is an ETF of ETFs, offering access to an actively managed, diverse portfolio of passive index-based ETFs and actively managed ETFs.
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Source: ClearShares
