NYSEARCA:ILS - NYSE Arca - US26923N4705 - ETF - Currency: USD
(Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion. The Consumer Financial Protection Bureau, the top U.S. consumer watchdog, has lifted a 2018 consent order related to the lender's compliance risk management, Wells Fargo said on Monday. A similar consent order that the bank had entered into with the Office of the Comptroller of the Currency, another top regulator, was lifted in February.
- Seed investors are holding off putting money into ILS amid market uncertainty, Bloomberg reports. - Brookmont's ILS launched on April 1 as the first catastrophe bond ETF. - The fund has pulled in $5 million since then.
The Brookmont Catastrophic Bond ETF (ILS), the first-ever catastrophe bond ETF, debuted Tuesday.
We recently published a list of 11 Best Data Storage Stocks to Invest in According to Analysts. In this article, we are going to take a look at where Everspin Technologies, Inc. (NASDAQ:MRAM) stands against other best data storage stocks to invest in according to analysts. Data storage is defined as the organized preservation of […]
US ETF with first cat bond fund, Brookmont Catastrophic Bond ETF (ARCA: ILS), provides exposure to $50B cat bond sector. Debuting without lead market maker, may impact trading. ILS offers low-correlation, high-yield alternative for investors seeking diversification & income.
Mentions: ZTAX
From cryptocurrencies to collateralized loan obligations, there aren’t many assets the US ETF market has struggled to embrace. But the $10 trillion industry may have found its limit with Wall Street’s newest arrival.