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J.P. Morgan Asset Management Expands ETF Lineup: JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
May 4, 2022--JPMAM's first ETF to invest primarily in the equity securities of large cap companies listed on The Nasdaq Stock Market
J.P. Morgan Asset Management today announced the launch of JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), the firm's first ETF to list on The Nasdaq Stock Market.
The active equity ETF seeks to deliver an attractive distributable yield while also delivering a significant portion of the returns associated with the fund's primary benchmark, the Nasdaq-100 Index, with less volatility.
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) will be comprised of a portfolio of equity securities of large cap companies included in the Nasdaq-100 Index and will incorporate an options strategy to generate income while lowering the volatility of the overall portfolio.
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Source: J.P. Morgan Asset Management
SEC Nearly Doubles Size of Enforcement's Crypto Assets and Cyber Unit
May 3, 2022--The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions.
"The U.S. has the greatest capital markets because investors have faith in them, and as more investors access the crypto markets, it is increasingly important to dedicate more resources to protecting them," said SEC Chair Gary Gensler. "The Division of Enforcement's Crypto Assets and Cyber Unit has successfully brought dozens of cases against those seeking to take advantage of investors in crypto markets. By nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity."
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Source: SEC.gov
State Street Appointed Service Provider for Neuberger Berman's First Actively Managed Thematic ETFs
May 2, 2022--State Street and Neuberger Berman have partnered closely to prepare for the launch of Neuberger Berman's initial series of Active ETFs
State Street Corporation (NYSE: STT) today announced that it has been appointed service provider by Neuberger Berman for the firm's first actively managed exchange traded funds (ETFs).
As part of the appointment, State Street is providing ETF basket services, custody, fund accounting, fund administration, order-taking and transfer agency services.
Neuberger Berman launched its first actively managed ETFs in April 2022. The three new ETFs will invest in companies related to the following distinct thematic megatrends: technology disruption, digitally connected consumers, and infrastructure-enabling decarbonization. Managed by Neuberger Berman, the ETFs are an extension of the firm's thematic equity investment capabilities utilizing traditional fundamental equity research along with alternative data capabilities and consideration of material Environmental, Social and Governance (ESG) factors.
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Source: State Street Global Advisors
BlackRock's New ETFs Aim to Capitalize on Market's 'Permanent Changes'
May 2, 2022--BlackRock has launched two exchange-traded funds (ETFs) designed to capitalize on what the world's largest asset manager says are permanent changes in the economy and the market.
The new ETFs, iShares Emergent Food and AgTech Multisector ETF (IVEG) and iShares Blockchain and Tech ETF (IBLC), are examples of thematic investing.
They aim to benefit from "underestimated investment opportunities" based on emerging structural changes. Here's what it means for investors.
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Source: yahoo.com
ETFGI reports the ETFs industry in the United States gathered net inflows of US$97.70 billion during March 2022
April 29, 2022-- ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in the United States gathered net inflows of US$97.70 billion during March, bringing year-to-date net inflows to US$196.74 billion.
At the end of the month, assets invested in ETFs industry in the United States increased by 3.0%, from US$6.84 trillion at the end of February to US$7.04 trillion, according to ETFGI's March 2022 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets of $7.04 Tn invested in ETFs industry in the United States at the end of Q1 are 2nd highest on record.
Assets decreased 2.3% in Q1 2022, going from $7.21 Tn at end of 2021 to $7.04 Tn.
ETFs industry in the United States gathered net inflows of $97.70 billion during March
Q1 net inflows of $196.74 Bn are 2nd highest on record, after Q1 2021 net inflows of $252.22 Bn.
$864.30 Bn in net inflows gathered in the past 12 months.
31st month of consecutive net inflows.
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Source: ETFGI
Vanguard reduces fees on 4 large bond ETFs
April 29, 2022-- April 29, 2022--Vanguard Group on Friday reported expense ratio reductions on four bond exchange-traded funds, including its biggest bond ETF-the Vanguard Total Bond Market ETF, a Vanguard spokesman said.
The ETF fee cuts were part of expense ratio changes Vanguard announced for six funds and reflect expenses for the fiscal year ended Dec. 31, the spokesman said. The changes also included fee increases on two mutual funds spanning three share classes, he said.
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Source: pionline.com
CBO-The Economic Effects of Waiting to Stabilize Federal Debt
April 28, 2022--Summary
Under current law, the growth of federal noninterest spending and net outlays for interest on federal debt would outpace the increase in revenues over the next 30 years, the Congressional Budget Office projects. As a percentage of gross domestic product (GDP), federal debt held by the public is thus projected to climb from 102 percent at the end of 2021 to 202 percent in 2051.
A perpetually rising debt-to-GDP ratio is unsustainable over the long term because financing deficits and servicing the debt would consume an ever-growing proportion of the nation's income.
In this report, CBO analyzes the effects of measures that policymakers could take to prevent debt as a percentage of GDP from continuing to climb. Policymakers could restrain the growth of spending, raise revenues, or pursue some combination of those two approaches. Regardless of which method they chose, the policy change-and the timing of it-would directly affect the economy and the well-being of people.
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Source: CBO (Congressional Budget Office)
BlackRock's First Crypto-Linked ETF Debuts in Lackluster Market
April 27, 2022--IBLC tracks companies involved in blockchain development
April is on track for record outflows from crypto ETFs: UBS
BlackRock Inc. is launching its debut blockchain-focused ETF as record cash exits cryptocurrency funds.
The iShares Blockchain and Tech ETF (ticker IBLC), which begins trading Wednesday, tracks companies involved in the "development, innovation, and utilization of blockchain and crypto technologies", according to a filing with the U.S. Securities and Exchange Commission. IBLC is the first crypto-themed fund for BlackRock, the world's largest exchange-traded fund issuer.
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Source: news.bloomberglaw.com
Invesco launches ETF focused on metals required for electric vehicles, energy transition
April 27, 2022--Invesco launched a new exchange-traded fund focused on metals that are critical for electric vehicles and the broad-based energy transition.
The Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF will trade under the ticker EVMT.
The launch comes amid a surge in investor interest surrounding electric vehicles.
Metals prices have soared following Russia's invasion of Ukraine, sparking supply fears in what were already tight markets.
nvesco is betting that the boom in interest in electric vehicles will make a new trading opportunity in the metals required for EVs and the broad energy transition a hot new area for investors.
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Source: cnbc.com
SEC launches probe into ETF revenue-sharing deals
April 26, 2022--US regulator to investigate potential conflicts of interest arising from payments to intermediaries
The US Securities and Exchange Commission's enforcement division has launched a sweep of ETF revenue-sharing practices, probing fund groups about the payments they make to broker-dealers and other financial intermediaries.
Specifically, the SEC wants documents related to what it described as "any compensation paid by an adviser or an ETF to a financial intermediary based on assets held by the financial intermediary", according to details of a letter shared with BoardIQ, a sister publication of the Financial Times.
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Source: ft.com
