Monday morning briefing – August 19, 2019

First vegan ETF set for launch. U.S. household debt hits its highest level ever. Teens prefer fintech to manage their money. Plus much more news in this week’s briefing.

Economic/industry news 

The U.S. inflation rate rose to 1.8% in July: Higher gasoline prices, rent boost cost of living in July, CPI shows, but inflation still mild

The U.K. economy contracted in the second quarter: UK economy shrinks for first time since 2012. Brexit could tip into recession

The U.K. unemployment rate rose to 3.9% in June: UK unemployment rate on the rise as fears grow ‘glory years over’

Understanding the 2020 version of GIPS: GIPS 2020: Everything you need to know

Why faith-based investors can benefit from impact investing: GIIN: Why impact investing is a natural fit for faith-based investors

Reconsidering the target-date glide path: Building better target-date fund glide paths

Bond markets still show signs of risk in the global economy: Equities on ‘borrowed time’ as recession signal nears inversion

News and notes (U.S.)

A look at the hedge fund industry in July: State of the industry – July, 2019

The Eurekahedge Hedge Fund Index returned 0.69% in July: Hedge fund managers recorded another positive month in July following strong H1 performance

SEC looking to make changes to alternatives regulation: Opportunities ahead as SEC pushes to modernize alternatives regulation

BlackRock finds first investment for long-term PE strategy: BlackRock begins PE foray with $875M bet on Sports Illustrated backer

A look at the most consistent top performers in the PE space: These private equity managers are the most consistent top performers

CBS and Viacom have agreed to merge: CBS, Viacom enter streaming wars with $30B combination

The first-ever vegan ETF to be launched: World’s first vegan ETF launches next month

U.S. household debt is at its highest level ever: Household debt sets new record: New York Fed

News and notes (Canada) 

RBC launches three new ETF portfolios: RBC iShares expands lineup of portfolio ETFs

Invesco introduces investment portfolios: Invesco launches new suite of investment portfolios

CI launches asset allocation ETF: CI launches global asset allocation fund

Will the yield curve inversion force the BoC to lower its central interest rate?: Can BoC ignore blaring yield-curve inversion alarm?

OSC branch sees rise in enforcement referrals: Sales practices, suitability remain concerns for OSC

Canadian ETF assets rose to $183.7 billion in July: Canadian ETF assets continue to advance

On the pulse – New frontiers in fintech

Fintech is moving across many sectors of the economy: How fintech is eating the world

The importance of getting digital banking right: Make digital banking both seamless and secure or consumers will walk

Teens using technology to manage money: Fintech gains favor among teens

Successful automation will require quality data: Reliable data identified as key to successful automation

Securities lending through the use of machine learning: Northern Trust applies machine learning to securities lending

A look at the best fintech startups in Europe: The best fintech startups in Europe

A look at some business uses for blockchain technology: Five blockchain use cases: from property to sustainability

How the insurance industry can adapt to the future: How can the insurance industry face its challenges? 

Another delay to the decision on a Bitcoin ETF: Bitcoin ETF decision delayed by SEC again

High-net-worth topics 

Wealthsimple partners with Grayhawk to access the high-net-worth market: Wealthsimple announces partnership, looks to attract high-net-worth investors

How to transfer wealth: The art of transitioning wealth

Polls & surveys – What financials are saying

Asset managers believe a recession is on the horizon (Bank of America): Recession fears spike to 2011 high as risk of bubbles spreads

Generation Z may need some guidance on managing money (Northwestern Mutual): Gen Zers lack clarity on how to handle money, study says

Caring for elders is putting financial strain on Canadians (Angus Reid): Canadian caregivers worry about financial burden

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