E*Trade Loses Bid to Handcuff Broker Who Joined Morgan Stanley

… ago, but firms such as Charles Schwab & Co., Fidelity Investments and E*Trade that largely cater to self-directed investors have picked up the slack.

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Accelerate Launches Initial Suite of Alternative Exchange Traded Funds

Each Accelerate Alt ETF listed in the table below has closed the initial offering of units, and those units will start trading on the Toronto Stock Exchange …

CALGARY, Alberta, May 10, 2019 (GLOBE NEWSWIRE) — Accelerate Financial Technologies Inc., (“Accelerate”), is pleased to announce the launch of three zero management fee, performance fee only alternative exchange traded funds (“Accelerate Alt ETFs”). Each Accelerate Alt ETF listed in the table below has closed the initial offering of units, and those units will start trading on the Toronto Stock Exchange (“TSX”) today.

“Accelerate was founded with the mission to democratize alternative investments by offering hedge fund and private equity-like strategies in low-cost ETFs accessible by any investor,” said Julian Klymochko, CEO at Accelerate.

Alternative Exchange

Traded Fund
Ticker (TSX) Performance Fee Management Fee
Accelerate Private Equity

Alpha Fund
ALFA 15%1 0.00%
Accelerate Enhanced

Canadian Benchmark

Alternative Fund
ATSX 50%2
Over S&P/TSX 60 Index
0.00%
Accelerate Absolute Return

Hedge Fund
HDGE 20%3 0.00%

Fees are accrued daily and paid quarterly

  1. 15% of outperformance over high watermark
  2. 50% of outperformance over high watermark / S&P/TSX 60 Index
  3. 20% of outperformance over high watermark

Accelerate Private Equity Alpha Fund (TSX: ALFA) The Accelerate Private Equity Alpha Fund seeks to achieve long-term capital appreciation and to replicate the returns of private equity funds over the long term by investing primarily in listed equity securities that are expected to outperform the U.S. equity market, while entering into short positions in respect of listed equity securities in this market. ALFA uses derivatives to gain exposure to its short portfolio and borrows cash to increase its long equities portfolio. The amount of all cash borrowed to finance the purchase of equity securities and the aggregate notional amount of derivatives used for non-hedging purposes will not exceed the limits permitted under applicable securities legislation.

Accelerate Enhanced Canadian Benchmark Alternative Fund (TSX: ATSX) The Accelerate Enhanced Canadian Benchmark Alternative Fund seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader Canadian equity market. ATSX seeks to outperform the Canadian equity market over the long term by investing primarily in Canadian and foreign issuers listed on an exchange or marketplace in Canada that represents the broad Canadian listed equity market and using a long-short overlay portfolio to seek to add positive absolute return. ATSX may use derivatives to gain exposure to its long portfolio. The aggregate market value of the securities sold short and the aggregate notional amount of derivatives used for non-hedging purposes will not exceed the limits permitted under applicable securities legislation.

Accelerate Absolute Return Hedge Fund (TSX: HDGE) The Accelerate Absolute Return Hedge Fund seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader Canadian equity market. HDGE seeks to outperform the Canadian equity market over the long term with lower volatility by investing primarily in listed equity securities that are expected to outperform this market, while selling short certain listed equity securities that are expected to underperform this market. The aggregate market value of the securities sold short will not exceed the limits permitted under applicable securities legislation.

About the Accelerate Alt ETFs

Performance fees, brokerage fees and expenses all may be associated with investments in the Accelerate Alt ETFs. Please read the prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.

About Accelerate Financial Technologies Inc.

Accelerate is committed to leading innovation in financial services, developing a suite of alternative exchange-traded funds for investors seeking long-term performance.

Accelerate was established by a team with a track record of successfully managing award-winning hedge funds and is disrupting the asset management industry by offering institutional-caliber investment strategies previously reserved for wealthy investors at a fee significantly lower than competitors.

For further information:

For investor inquiries: Contact Accelerate at 1-855-892-0740 (toll-free), info@acceleratefintech.com; For media inquiries: Contact Michael Lee Hing, COO, Accelerate, (403) 975-5294, mleehing@acceleratefintech.com.

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SEC to Consider New Bitcoin and Ethereum Exchange-Traded Fund Application

News. United States regulator, the Securities and Exchange Commission (SEC), is reviewing a new application for a cryptocurrency exchange-traded …

United States regulator, the Securities and Exchange Commission (SEC), is reviewing a new application for a cryptocurrency exchange-traded fund (ETF), documents released on May 9 show.

The product comes courtesy of Crescent Crypto Index Services, a subsidiary of benchmarking and passive index investing firm Crescent Crypto Asset Management.

It would include a portfolio of both bitcoin (BTC) and ether (ETH), and be active on the New York Stock Exchange (NYSE) under the “XBET” ticker.

“XBET is an exchange traded fund. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges,” the filing confirms. It continues:

“Shares of XBET are expected to trade on the NYSE Arca under the ticker symbol ‘XBET’ and will be bought and sold throughout the trading day at bid and ask prices like other publicly traded securities.”

As Cointelegraph continues to report, the SEC has yet to approve any form of cryptocurrency ETF for the U.S. market.

Concerns over compliance mean that rejections have come frequently since the first bid to launch the product in March 2017, with delays contributing to the already slow progress.

At the same time, regulators themselves have hinted they are confident that at some point in the future, an ETF will satisfy all the necessary requirements, a view echoed by industry figures.

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TD adds three to ETF line-up

The fund invests primarily in dividend-paying equity securities of issuers domiciled anywhere in the world, while possibly using options strategies to …
TD adds three to ETF line-up

Several weeks after it announced new alternative investment solutions for accredited investors, TD Asset Management has expanded its ETF shelf with three new offerings.

“We are excited once again to be introducing new ETFs to the marketplace, providing investors with more choice and value-added solutions,” said Bruce Cooper, CEO & CIO, TD Asset Management. “These ETFs build upon our strength at TDAM in passive and active portfolio management, including low volatility strategies.”

The new TD ETFs, which are trading on the TSX, include:

  • TD Active Global Enhanced Dividend ETF (TGED) – an actively managed, total-return focused strategy, TGED takes advantage of global income opportunities while providing capital growth potential. The fund invests primarily in dividend-paying equity securities of issuers domiciled anywhere in the world, while possibly using options strategies to help reduce risk and earn additional income. With an estimated risk rating of “Medium,” it’s available to investors for an annual management fee of 0.65%.
  • TD Systematic International Equity Low Volatility ETF (TILV)– through a quantitative strategy, TILV aims to achieve long-term capital growth through direct investments in, or exposure to, equity securities of developed-market issuers domiciled in Europe, Australasia, and the Far East. It also seeks to reduce volatility, and comes with a management fee of 0.35% as well as an estimated risk rating of “Low to Medium.”
  • TD Global Technology Leaders Index ETF (TEC) – focused on technology, TEC seeks to track, to the extent reasonably possible and before deducting fees and expenses, the performance of the Solactive Global Technology Leaders Index. Measuring the investment return of global mid- and large-capitalization issuers related to technology, the index can provide investors with exposure to the most successful tech companies as well as emerging tech firms. The fund is estimated to have a “Medium” risk rating, and its management fee is 0.35%.

“As Canada’s largest asset manager, we are continuously seeking to provide innovative products to help our clients meet their investment goals,” Cooper said.

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Biltmore Capital Advisors LLC Buys United Parcel Service Inc, Vanguard S&P 500 Growth …

… Parcel Service Inc, Vanguard S&P 500 Growth, Vanguard FTSE Developed Markets, Vanguard Intermediate-Term Corporate Bond ETF, Blackrock …

Investment company Biltmore Capital Advisors LLC buys United Parcel Service Inc, Vanguard S&P 500 Growth, Vanguard FTSE Developed Markets, Vanguard Intermediate-Term Corporate Bond ETF, Blackrock Municipal 2030 Target Term Trust, Vanguard Intermediate-Term Treasury ETF, Vanguard Mid-Cap Value, Nuveen Credit Strategies Income Fund, Schwab U.S. Mid Cap, iShares Preferred and Income Securities ETF, iShares International Aggregate Bond Fund, JPMorgan Chase Capital XVI JP Morgan Alerian MLP E, Vanguard Small-Cap Value, Devon Energy Corp, Genesis Energy LP, Sprouts Farmers Market Inc, Firsthand Technology Value Fund Inc, Exxon Mobil Corp, Johnson & Johnson, Amazon.com Inc, NGL Energy Partners LP, Energy Transfer LP, Vanguard Mortgage-Backed Securities ETF, Nuveen Preferred and Income 2022 Term, Toll Brothers Inc, Procter & Gamble Co, Vanguard Small-Cap Growth, Invesco Senior Loan, Wells Fargo, iShares CMBS Bond, Trinet Group Inc, Netflix Inc, AT&T Inc, Lululemon Athletica Inc, SPDR Nuveen Bloomberg Barclays Short Term Municipa, Starbucks Corp, Roku Inc, Alibaba Group Holding, Visa Inc, Facebook Inc, Prospect Capital Corp, Invesco QQQ Trust Series 1, PIMCO Dynamic Credit & Mortgage Income Fund, Dominion Energy Inc, Alphabet Inc, PIMCO High Income Fund, BlackRock Corporate High Yield Fund Inc, Eaton Vance Tax-Managed Buy-Write Opp, General Electric Co, Nuveen Preferred Securities Income Fund, AllianzGI Convertible & Income Fund, Liberty All Star Equity Fund, Ford Motor Co, Catalyst Pharmaceuticals Inc, BlackRock Capital Investment Corp, AllianzGI Convertible & Income Fund II, sells iShares Core S&P 500, Vanguard S&P 500, Vanguard Total Stock Market, iShares Core U.S. Aggregate Bond, Vanguard FTSE Emerging Markets, iShares Edge MSCI USA Value Factor, Vanguard Growth, Vanguard FTSE All World Ex US, Vanguard Short-Term Bond, iShares Core MSCI Total International Stock ETF, iShares Core MSCI EAFE, Vanguard Value, Vanguard Short-Term Corporate Bond ETF, iShares Edge MSCI USA Momentum Factor, Vanguard Intermediate-Term Bond, Vanguard Russell 1000 Growth ETF, iShares Edge MSCI Min Vol USA, PIMCO Enhanced Short Maturity Active Exchange-Trad, Vanguard Short-Term Treasury ETF, iShares MSCI Japan Index Fund, SPDR S&P 500, iShares iBonds Dec 2019 Term Corporate, SPDR Bloomberg Barclays 1-3 Month T-Bill during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Biltmore Capital Advisors LLC. As of 2019Q1, Biltmore Capital Advisors LLC owns 60 stocks with a total value of $269 million. These are the details of the buys and sells.

For the details of Biltmore Capital Advisors LLC’s stock buys and sells,go to https://www.gurufocus.com/guru/biltmore+capital+advisors+llc/current-portfolio/portfolio

These are the top 5 holdings of Biltmore Capital Advisors LLC

  1. United Parcel Service Inc (UPS) – 861,045 shares, 35.80% of the total portfolio. New Position
  2. Vanguard S&P 500 Growth (VOOG) – 158,393 shares, 9.11% of the total portfolio. New Position
  3. Vanguard FTSE Developed Markets (VEA) – 398,002 shares, 6.05% of the total portfolio. Shares added by 306.66%
  4. Vanguard Intermediate-Term Corporate Bond ETF (VCIT) – 129,058 shares, 4.17% of the total portfolio. New Position
  5. Blackrock Municipal 2030 Target Term Trust (BTT) – 489,149 shares, 4.05% of the total portfolio. New Position

New Purchase: United Parcel Service Inc (UPS)

Biltmore Capital Advisors LLC initiated holding in United Parcel Service Inc. The purchase prices were between $94.45 and $112.13, with an estimated average price of $105.93. The stock is now traded at around $100.75. The impact to a portfolio due to this purchase was 35.8%. The holding were 861,045 shares as of .

New Purchase: Vanguard S&P 500 Growth (VOOG)

Biltmore Capital Advisors LLC initiated holding in Vanguard S&P 500 Growth. The purchase prices were between $131.39 and $155.96, with an estimated average price of $146.75. The stock is now traded at around $156.78. The impact to a portfolio due to this purchase was 9.11%. The holding were 158,393 shares as of .

New Purchase: Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

Biltmore Capital Advisors LLC initiated holding in Vanguard Intermediate-Term Corporate Bond ETF. The purchase prices were between $82.86 and $86.96, with an estimated average price of $84.72. The stock is now traded at around $86.78. The impact to a portfolio due to this purchase was 4.17%. The holding were 129,058 shares as of .

New Purchase: Blackrock Municipal 2030 Target Term Trust (BTT)

Biltmore Capital Advisors LLC initiated holding in Blackrock Municipal 2030 Target Term Trust. The purchase prices were between $20.51 and $22.34, with an estimated average price of $21.8. The stock is now traded at around $22.65. The impact to a portfolio due to this purchase was 4.05%. The holding were 489,149 shares as of .

New Purchase: Vanguard Intermediate-Term Treasury ETF (VGIT)

Biltmore Capital Advisors LLC initiated holding in Vanguard Intermediate-Term Treasury ETF. The purchase prices were between $63.16 and $64.6, with an estimated average price of $63.6. The stock is now traded at around $64.32. The impact to a portfolio due to this purchase was 3.28%. The holding were 136,590 shares as of .

New Purchase: Vanguard Mid-Cap Value (VOE)

Biltmore Capital Advisors LLC initiated holding in Vanguard Mid-Cap Value. The purchase prices were between $93.87 and $109.02, with an estimated average price of $104.86. The stock is now traded at around $109.14. The impact to a portfolio due to this purchase was 2.54%. The holding were 63,211 shares as of .

Added: Vanguard FTSE Developed Markets (VEA)

Biltmore Capital Advisors LLC added to a holding in Vanguard FTSE Developed Markets by 306.66%. The purchase prices were between $36.75 and $41.54, with an estimated average price of $39.92. The stock is now traded at around $40.74. The impact to a portfolio due to this purchase was 4.56%. The holding were 398,002 shares as of .

Sold Out: iShares Core S&P 500 (IVV)

Biltmore Capital Advisors LLC sold out a holding in iShares Core S&P 500. The sale prices were between $244.46 and $286.57, with an estimated average price of $272.5.

Sold Out: Vanguard S&P 500 (VOO)

Biltmore Capital Advisors LLC sold out a holding in Vanguard S&P 500. The sale prices were between $224.5 and $261.43, with an estimated average price of $249.48.

Sold Out: Vanguard FTSE Emerging Markets (VWO)

Biltmore Capital Advisors LLC sold out a holding in Vanguard FTSE Emerging Markets. The sale prices were between $37.67 and $43.15, with an estimated average price of $41.12.

Sold Out: iShares Core U.S. Aggregate Bond (AGG)

Biltmore Capital Advisors LLC sold out a holding in iShares Core U.S. Aggregate Bond. The sale prices were between $105.31 and $108.56, with an estimated average price of $106.45.

Sold Out: iShares Edge MSCI USA Value Factor (VLUE)

Biltmore Capital Advisors LLC sold out a holding in iShares Edge MSCI USA Value Factor. The sale prices were between $71.93 and $82.24, with an estimated average price of $79.16.

Sold Out: Vanguard Growth (VUG)

Biltmore Capital Advisors LLC sold out a holding in Vanguard Growth. The sale prices were between $130.18 and $158.27, with an estimated average price of $147.84.

Here is the complete portfolio of Biltmore Capital Advisors LLC. Also check out:

1. Biltmore Capital Advisors LLC’s Undervalued Stocks

2. Biltmore Capital Advisors LLC’s Top Growth Companies, and

3. Biltmore Capital Advisors LLC’s High Yield stocks

4. Stocks that Biltmore Capital Advisors LLC keeps buying

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