ETP-3-trillion-dollar industry

ETF and ETP: Now a $3 Trillion Industry

Back in the day, when "trillion dollar" was a phrase not even contemplated by film writers, and barely envisioned by financial industry wonks (other than in context of US government deficit), and when even being a billionaire was limited to a universe of less than two dozen people, (e.g. Warren…Read More

14 April, 2016

Global Macro Gut Trade: China ETF

For those following global macro think tank Rareview Macro's "Sight Beyond Sight", you already know that the firm's chief strategist Neil Azous is on a roll and the firm's model portfolio is outpacing many who have an ax in global macro style investing. Today's edition of the firm's commentary caught…Read More

13 April, 2016
esg-investments-marketsmuse

Fintech 201: ESG Investing with Algos

If you are into fintech, that means you 'get the joke' when it comes to using algorithms aka "algos" and for institutional investors having an ax with regard to environmental, social and governance factors (commonly known as ESG investing), Arabesque Partners, a new player in the fund management space might…Read More

10 April, 2016
equity-options-v-credit-default-swaps

Experts Eye Equity Options v Credit-Default Swaps

Violent price swings across financial markets this year have forced corporate bond investors to re-evaluate their portfolio allocations, and subsequently, their hedging strategies. Diminishing liquidity in credit-default swaps has led many traders to delve into equity options. (TABB Group) by columnist Callie Bost- Imagine you’re a corporate-bond trader and the…Read More

8 April, 2016
BATS-global-IPO-marketsmuse

BATS Takes 2nd Stab at IPO

The second time is hoping to be a charm for exchange operator BATS Global Markets as it announced a 2nd stab at an IPO, which will be led by Morgan Stanley and Citi and enable an exit for investors that include BAML and Knight Capital. Bats Global Markets announced the…Read More

5 April, 2016
canadian-exchanges-ETF

Canadian Exchanges Face-Off Over ETF Listings

Last week, Canadian upstart exchange Aequitas NEO announced its first ETF listing, and in response to that PR promotion, Toronto Stock Exchange (TSX), a subsidiary of TMX Group fired back with a slapshot, thanks to TD Asset Management (TDAM) listing and launching six new ETFs. (TradersMagazine) Executives from TD Asset…Read More

4 April, 2016
aequitas-neo-exchange

ETF Momentum for Canada Exchange Aequitas NEO

(TradersMagazine) The TSX is getting a run for its money. This week the Aequitas NEO Exchange (which only launched one year ago) signed its first listed security. Invesco Canada’s PowerShares DWA Global Momentum Index ETF, trading under the ticker DWG, took that honor and is also the first ETF listed…Read More

1 April, 2016
bats-global-etf-

BATS Global is Batty About ETFs-Buys ETF.com

While many people are "koo-koo for Cocoa Puffs", BATS Global is batty about ETFs. On the heels of launching a dedicated electronic exchange platform for ETF products dubbed BATS Marketplace,  BATS Global Markets announced yesterday that is even more batty about ETFs and to prove it, the exchange operator is…Read More

30 March, 2016
best-execution

Best Execution Wack-A-Mole Aims at Wholesalers

When it comes to gauging best execution, that exercise is akin to a game of whack-a-mole when calculating in the role of wholesalers aka over-the-counter market-makers whose business model includes leveraging maker-taker rebate schemes. MarketsMuse credits below excerpted observations from TabbForum and courtesy of Stanislav Dolgopolov, Decimus Capital Markets, LLC…Read More

29 March, 2016
fear-index-bats-global-SPYIX

I’m Afraid There Is a New Fear Index

Exchanges Battle Each Other to Create Competing Fear Index Products, out of fear of losing market share. Another index product to "measure" investors' fear?? Are they bats?! As MarketsMuse Chief Curator says, "Yes, Matilda, I'm afraid to say there is yet another new fear index" intended to compete with the…Read More

8 March, 2016
blackrock-botch-gold-etf-iau

BlackRock Botches Gold ETF; IOU for IAU

Administrative oversight left BlackRock unable to meet demand for its Gold ETF, IAU; Suspends New Issuance. (WSJ) -BlackRock Inc. said it suspended the issuance of new shares in IAU, its roughly $7.7 billion gold exchange-traded product due to an administrative oversight, in the latest bruise for the exchange-traded-fund industry and its largest…Read More

5 March, 2016
non-transparent-etf-eaton-vance-etmf

Eaton Vance Launches Non-Transparent ETF aka “ETMF”

Eaton Vance Corp. today launched the first-ever non-transparent, actively-managed ETFs. Their new creation is called an exchange-traded managed fund (ETMF) and goes under the brand name NextShares. Quite a coup considering last week's MarketsMuse story "SEC Chair White Says I've Got a Dream" [for the SEC to actually read offering…Read More

26 February, 2016
sec-chair-white-marketsmuse

SEC Chair White: “I Have A Dream..”

SEC Mary Joe White has a dream, and even if she aspires to leverage the inspirational outlook of  Dr. Martin Luther King, securities industry members are debating whether her dream could prove to be a reality any sooner than the civil rights agenda expressed by Dr. King so many years…Read More

19 February, 2016
bond-etf-trading

Bank Trading Desks Merge Bonds and ETFs

Corporate Bonds and exchange-traded funds is a combination that first seemed counter-intuitive to the select universe of traders who are actually fluent in both corporate bond trading and equity trading; two practice areas that are distinctively different. “Stocks are bought and bonds are sold” as they used to say, and…Read More

18 February, 2016
etf-sec-lending

Sec Lending Makes These ETFs Profitable

Its all about Securities Lending aka Sec Lending for certain ETFs to outperform and be profitable for investors looking for ways to offset the fund's expense fees. MarketsMuse salutes Eric Balchunas at Bloomberg for his a.m. report: "Hedge Funds Will Pay for You to Own Small-Cap ETFs" (Bloomberg)- With many…Read More

18 February, 2016
geared-etfs-sec-marketsmuse

SEC Aims To Ban Geared ETFs

The US SEC apparently has its cross-hairs on so-called 'geared ETFs,'  those high-testosterone, levered instruments that incorporate derivatives so as to deliver an advertised 2x or 3x return for certain strategies versus a typical 1:1 correlation provided by plain vanilla exchange-traded funds.  The SEC proposal would effectively ban the use…Read More

12 February, 2016
contango-uso-etf-oil

Only Idiots Use USO ETF to Trade Oil-It Can’t…

For those who are confused as to the near-term, or even longer-term price direction of Oil, even J.R. Ewing would tell you there isn't an oil man in Texas, including Boone Pickens, who can see far beyond the prices posted at the pump. Especially when one gas station in Oklahoma…Read More

11 February, 2016
junk-bond-etf-liquidity

Junk Bond ETFs-The Liquidity Debate Goes to SEC

MarketsMuse ETF and Fixed Income curators have frequently spotlighted the ongoing debates as to whether corporate bond ETFs, and in particular, junk bond-specific exchange-traded-funds pose special risks. Some argue that a liquidity crisis could unravel the high yield bond sector if/when institutional investors decide that risk of recession continues to…Read More

8 February, 2016