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Treasury International Capital Data For December
February 15, 2017--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2016. The next release, which will report on data for January 2017, is scheduled for March 15, 2017.
The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $42.8 billion. Of this, net foreign private outflows were $57.1 billion, and net foreign official inflows were $14.3 billion.
Foreign residents decreased their holdings of long-term U.S. securities in December; net sales were $13.9 billion. Net sales by private foreign investors were $32.0 billion, while net purchases by foreign official institutions were $18.1 billion.
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Source: treasury.gov
CFTC.gov Commitments of Traders Reports Update
February 10, 2017--The current reports for the week of February 14, 2017 are now available.
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Source: CFTC.gov
CFTC.gov Swaps Report Update
February 15, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Little movement on JSE amid rand surge
February 15, 2017--The currency markets have continued to dominate activities on the JSE, with the major indices showing little change.
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Source: FIN24
IndexIQ Introduces First High Yield Low Volatility Bond ETF (HYLV)
February 15, 2017--A unique addition to the factor-based fixed income ETF universe, HYLV is designed to generate income from high-yield bonds while reducing the volatility typically associated with the asset class
IndexIQ, a leading provider of innovative investment solutions, today announced the launch of the IQ S&P High Yield Low Volatility Bond ETF (NYSE Arca: HYLV), the next generation of factor-based fixed income ETFs.
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Source: IndexIQ
Global X Funds Launches Founder-Run Companies ETF
February 15, 2017--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X Founder-Run Companies ETF (BATS: BOSS).
Tracking the Solactive U.S. Founder-Run Companies Index, BOSS will hold a basket primarily consisting of U.S. large and mid-cap companies led by CEOs who are the original founders of their firms. The fund will be the fourth in Global X's "Alpha" suite of funds, designed with the aim of delivering market-beating returns.
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Source: Global X
Oppenheimer Liquidates ADR Revenue & Global Growth Revenue ETFs
February 15, 2017--OppenheimerFunds, Inc. announced today that Oppenheimer ADR Revenue ETF (RTR) and Oppenheimer Global Growth Revenue ETF (RGRO) (the "Funds") will be closed and liquidated.
On February 15, 2017, the Board of Trustees of the Funds approved their liquidation. The final day of trading on NYSE Arca for shares of the Funds will be Thursday, March 9, 2017. Beginning on March 3, 2017, the Funds will only accept creation units on a limited basis.
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Source: oppenheimerfunds.com
PIMCO to Close and Liquidate Two Exchange-Traded Funds
February 15, 2017--PIMCO Diversified Income Active ETF and PIMCO Global Advantage(R) Inflation-Linked Bond Active ETF are expected to liquidate in April
PIMCO, a leading global investment management firm, will close and liquidate two exchange-traded funds.
PIMCO regularly reviews its product range to ensure it is meeting the requirements of clients in continuing to add value. Following careful consideration the decision has been made to close the following funds: PIMCO Diversified Income Active ETF ("DI") and PIMCO Global Advantage(R) Inflation-Linked Bond Active ETF ("ILB").
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Source: Pimco
IMF Working paper-The Growth Return of Infrastructure in Latin America
February 14, 2017--This paper examines the effects of improvements in infrastrucutre on sectoral growth and firm-level investment, focusing on six Latin American countries.
Exploiting the heterogeneity in the quality of infrastructure across countries and the intrinsic variation in the dependence of sectors on infrastructure, I find that better infrastructure raises growth and investment. Improved infrastructure could yield large economic benefits. For example, if the quality of infrastructure in Colombia increased to the sample median (Czech Republic), GDP growth would increase by about 0.1 percentage points.
view the IMF Working paper-The Growth Return of Infrastructure in Latin America
Source: IMF
Morgan Stanley Settles Charges Related to ETF Investments
February 14, 2017--The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients.
The SEC's order finds that Morgan Stanley did not adequately implement its policies and procedures to ensure that clients understood the risks involved with purchasing inverse ETFs. Among the order's findings, Morgan Stanley failed to obtain from several hundred clients a signed client disclosure notice, which stated that single inverse ETFs were typically unsuitable for investors planning to hold them longer than one trading session unless used as part of a trading or hedging strategy. Morgan Stanley solicited clients to purchase single inverse ETFs in retirement and other accounts, the securities were held long-term, and many of the clients experienced losses.
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Source: SEC.gov
