More Cryptocurrency ETFs Are Coming: Portfolio Products

The index underlying the Arrow DWA Country Rotation ETF offers a systematic, price momentum strategy that capitalizes on changing international market trends. Rebalanced quarterly, DWCR and its index begin with a universe of 41 countries, then narrow that list down to the 10 strongest performing countries which exhibit the highest relative strength or price performance. Once those countries have been identified, the methodology then identifies 10 companies that demonstrate powerful relative strength characteristics within that country.

Conversely, the Arrow Dogs of the World ETF employs a contrarian strategy to find value among the worst performing international securities where a mean reversion is expected. Rebalanced annually, DOGS and its underlying index are made up of the five worst-performing countries among a universe of 44 developed, emerging and frontier markets. Holdings represent the top 75% of the market capitalization for each of the five countries selected.

Cboe Welcomes New Issuers AlphaClone and ALPS to ETF Marketplace

Cboe Global Markets, Inc. announced that two AlphaClone funds successfully transferred to the Cboe ETF Marketplace from NYSE Arca.

The AlphaClone Alternative Alpha ETF (ALFA) seeks to track the price and yield, before fees and expenses, of the AlphaClone Hedge Fund Downside Hedged Index. The AlphaClone International ETF (ALFI) seeks to track the total return performance, before fees and expenses, of the AlphaClone International Downside Hedged Index. More information is available here.

Separately, Cboe also announced it had also welcomed new issuer ALPS to the Cboe ETF Marketplace.

The ALPS Disruptive Technologies ETF (DTEC) seeks investment results that correspond (before fees and expenses) generally to the performance of the Indxx Disruptive Technologies Index. More information is available here.

Year-to-date, Cboe has welcomed 129 ETFs to its U.S. market. In the third quarter of 2017, Cboe welcomed a total of 23 ETFs to the Cboe ETF Marketplace as well as 30 transfers, and year-to-date has won 33% of all new U.S. ETF listings.

There are now 250 ETFs listed on the Cboe ETF Marketplace, from 47 different issuers.

Cboe Launches New Volatility Product Microsite for ETP Investors

Cboe Global Markets launched a new microsite designed to educate and inform investors about exchange-traded volatility products (ETPs). The site is available at cboe.com/voletps.

Cboe is the home of the Cboe Volatility Index (VIX Index), which is based on real-time prices of options on the S&P 500 Index (SPX) and is designed to reflect investors' consensus view of future (30-day) expected stock market volatility.

A suite of Cboe VIX Index products covers expected volatility across asset classes: equities, fixed income, foreign exchange and commodities. VIX options are traded at Cboe Options Exchange, while VIX futures are traded at Cboe Futures Exchange (CFE). Cboe also has created a number of volatility benchmark indexes based on sector-specific ETFs.

The newly launched microsite helps investors weigh the risks and rewards of taking positions in volatility-linked ETPs, which are typically linked to the value of an index, not to the VIX itself.

 —Related on ThinkAdvisor:

• Stock Market Hits and Misses for 2017: LPL
• 10 Data Points Investors Should Be Watching Now: JPMorgan's Kelly
• What Should Really Guide Your Investment Thinking in 2018