Americas ETP News
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Franklin Templeton Investments Canada Rings TSX Opening Bell Today to Announce Three New Franklin LibertyShares(R) Fixed Income ETF Listings
May 14, 2018--Franklin Templeton Investments Canada will mark today's listings of three actively managed fixed income ETFs, Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) (FLGA), Franklin Liberty Senior Loan ETF (CAD-Hedged) (FLSL) and Franklin Liberty U.S. Investment Grade Corporate ETF (CAD-Hedged) (FLUI), by ringing the opening bell on the Toronto Stock Exchange (TSX).
"The fixed income market is becoming increasingly more complex in this low interest rate environment," said Duane Green, president and CEO, Franklin Templeton Investments Canada.
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Source: Franklin Templeton Investments Corp.
ETF Industry Legend John Hyland Joins Cryptocurrency Pioneer Bitwise Asset Management As Global Head of Exchange-Traded Products
May 14, 2018--Bitwise Asset Management, creator of the world's first cryptocurrency index fund, announced today that it has hired ETF industry legend John Hyland as the firm focuses aggressively on developing public vehicles for accessing cryptoassets around the world.
Hyland joins the firm as its new global head of exchange-traded products. He was previously chief investment officer and leader of United States Commodity Funds, a multibillion-dollar ETF manager based in Oakland, Calif.
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Source: Bitwise
Scepticism persists on 'ETFs for good'
May 14, 2018--Investors want responsible options but remain concerned about performance.
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Source: FT.com
CME Group signs pact to offer ether reference rate
May 14, 2018--Exchange operator CME Group Inc and digital-currency trading platform Crypto Facilities Ltd on Monday launched a service to provide users access to real-time ether price in dollars.
The reference rate will be based on transactions and order book activity from Kraken and Bitstamp - -two major cryptocurrency exchanges, the company said.
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Source: Reuters
DFS Authorizes Gemini Trust Company to Provide Additional Virtual Currency Products and Services
May 14, 2018--Gemini is the First Qualified Custodian and Exchange to Receive DFS Approval to Offer Trading of Emerging Digital Currency Zcash in New York.
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange based in New York City. Cryptocurrencies are alternative decentralized global digital currencies that provide users with a more secure and efficient means of payment.
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Source: Department of Financial Services (DFS)
A Leveraged ETN Play on Europe STOXX 50
May 11, 2018--Fisher Investments has partnered with Credit Suisse to launch an exchange traded note to provide leveraged exposure to the a widely observed European benchmark.
Credit Suisse rolled out the Credit Suisse FI Enhanced Europe 50 ETN (NYSEArca: FEUL), which has a 1.00% expense ratio..
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Source: Nasdaq
Active Alts, Inc. Announces ETF Closure
May 11, 2018--Active Alts, Inc. today announced the scheduled closing and liquidation of the Active Alts Contrarian ETF (the "Fund").
ETF: Active Alts Contrarian ETF
Ticker: SQZZ
CUSIP: 86280R308
The Fund will begin liquidating its portfolio and will invest in cash equivalents until all shares have been redeemed. This process will result in the Fund increasing its cash holdings, which is inconsistent with the Fund's investment objective and strategy. The last date for authorized participants to create and redeem units in SQZZ will be May 25, 2018.
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Source: Active Alts, Inc.
CFTC.gov Commitments of Traders Reports Update
May 11, 2018--The current reports for the week of May 11, 2018 are now available.
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Source: CFTC.gov
ABR Dynamic Funds, LLC's Success Fuels Growth in Headcount, AUM
May 10, 2018--John Mulroy and Stephen Sivillo Join ABR Dynamic Funds as Firm AUM Crosses $50 million.
ABR Dynamic Funds CEO Taylor Lukof today announced that the firm has landed two more experts as performance in its volatility-based liquid alternative strategies continues to shine.
John Mulroy, formerly of Guggenheim Investments, joins ABR in Chicago as Managing Director of ETF Capital Markets, and Stephen Sivillo, formerly of J.P. Morgan Wealth Management, joins ABR in New York as Chief Compliance Officer.
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Source: ABR Dynamic Funds, LLC
SEC Proposes Fiduciary Rule for Broker-Dealers
May 10, 2018--On April 18, concurrently with its publication for comment of a proposed set of enhanced investment adviser regulations,1 the Securities and Exchange Commission (SEC) published a separate proposal related to the conduct standards broker-dealers must comply with when engaging retail customers.
The new Rule 15l-1 under the Securities Exchange Act of 1934, as amended (Exchange Act), also known as "Regulation Best Interest," would require broker-dealers, and natural persons who are associated persons of broker-dealers, to adhere to a "best interest" standard when making certain recommendations to retail customers (Proposal). Compliance with this standard would require broker-dealers to comply with obligations that go beyond current suitability standards. If adopted, the Proposal would result in some of the most sweeping and comprehensive changes to the standard of care requirements for broker-dealers in decades.
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Source: Katten Law
