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Pimco Deceptive Calm:Investing Globally in Stable But Not Secure Markets | Asset Allocation Outlook: Mid-Year Update, August 2016
August 23, 2016--Markets currently are displaying an unlikely mix of factors-negative yields are coexisting with low volatility and lofty valuations. How should investors position across asset classes in this environment?
We revisit that question in our mid-year update to our Asset Allocation Outlook.
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Source: Pimco
US options trading fell almost a fifth in July
August 23, 2016--July US options trading volumes were at a 14-month low this year, said Tabb.
US listed options trading volumes fell almost a fifth in July compared with last year as firms paused for breath following the extreme volatility around the UK's Brexit vote in late June, according to new research.
view more>/a> Reminder: Direxion to Execute Reverse and Forward Share Splits of Nine Leveraged ETFs view more First Trust Expects to Boost its Presence in Chile through Strategic BCI Alliance view more First Asset announces new actively managed bond ETF view more CBO-An Update to the Budget and Economic Outlook: 2016 to 2026 AdvisorShares-Weekly Market Review-The Olympic Vacation is Over view more AdvisorShares-Active ETF Report-Month ending 07.31.2016 view report Principal Launches Two Strategic Beta Portfolios view more Fed Officials Brace for (Familiar) New Normal view more
Source: fow.com
August 23, 2016--Direxion will execute the previously announced reverse share splits for four of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another five leveraged ETFs.
The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Source: Direxion
August 23, 2016--First Trust Advisors L.P. ("First Trust"), a global exchange-traded fund (ETF) provider and asset manager, announced today that it has teamed with Chile's third-largest privately owned bank, Banco de Credito e Inversiones (BCI), to market First Trust ETFs in Chile.
First Trust is excited about this strategic alliance that will bring their broad ETF product line to BCI's expansive client base.
Source: www.newschannel10.com
August 23, 2016--In an August 22 press release, First Asset Management announced that the First Asset Investment Grade Bond ETF started trading on the TSX on the same day, under the symbol FIG.
The ETF was converted from a mutual fund, the Marret Investment Grade Bond Fund, on the approval of unitholders at a special meeting held on May 18.
Source: wealthprofessional.ca
August 23, 2016--The deficit under current law is projected to be larger this year, but smaller over the 2017-2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade
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Source: Congressional Budget Office (CBO)
August 22, 2016--Highlights of the Prior week-August 15-August 19
Macro
Markets were again very tame last week as the Olympics continued and wound down. The Dow Jones Industrial Average slid 14 basis points, the S&P 500 dropped two basis points, the NASDAQ added nine basis points, and the Russell 2000 was the big mover with a 0.56% gain.
With Q2 earnings season just about over, Yahoo Finance reports that although the beat rate (results versus estimates) was strong, earnings fell 3.9% and revenue declined 1.0%.
Source: AdvisorShares
August 22, 2016--Assets in actively managed ETFs continued their steady growth in July, increasing by $337 million, or 1.2%, to $26.719 billion.
Morningstar also added a new category: Option Writing. The AdvisorShares STAR Global Buy-Write ETF (VEGA) moved into this new category and received a four-star Morningstar rating.
Source: AdvisorShares
Exchange Traded Funds Target Healthcare Innovation, Millennial Spending Habits
august 22, 2016--Principal announced today the launch of two strategic beta exchange traded funds (ETFs) for investors looking for portfolio growth potential.
The Principal Healthcare Innovators Index ETF (Ticker: BTEC) and the Principal Millennials Index ETF (Ticker: GENY) were listed on Nasdaq starting August 22.
Source: Principal
Unconventional tools used after financial crisis may become increasingly common
August 21, 2016--For much of the post-financial-crisis era, U.S. Federal Reserve officials have held to a belief that they could get back to their old way of doing things.
Growth would resume at a modest pace, annual inflation would climb to 2% and interest rates would gradually rise from near zero to a normal level near 4% or higher.
Source: Wall Street Journal
