Americas ETP News
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State Street Escalates ETF Fee War, Chops Fees on 15 Products
October 16, 2017--The move is the latest example of an ETF provider trying to win business with rock-bottom management fees
Global Advisors is overhauling more than 15 exchange-traded funds, slashing management fees and rebranding funds in a bid to lure retail investors and financial advisers. The move is the latest example of an ETF provider banking on rock-bottom management fees to win new money in a hyper-competitive market for products that give investor blunt exposures
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Source: Wall Street Journal
State Street Global Advisors Launches Suite of Ultra-Low-Cost SPDR(R) Portfolio ETF
October 16, 2017---State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today announced the launch of SPDR Portfolio ETFs, a suite of 15 ultra-low-cost ETFs that provide access to a wide range of equity and fixed income asset classes to help investors meet their goals.
Comprising 15 existing funds, including three that will track new indices, and with over $11B1 in existing assets under management, the SPDR Portfolio ETFs include:
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Source: State Street Global Advisors
TD Ameritrade to Offer Largest Commission-Free ETF Program with Expanded 296 ETF Lineup
October 16, 2017--Industry-leading selection of non-proprietary, low-cost ETFs from eight top ETF providers
TD Ameritrade1 today announced a major expansion and upgrade of its commission-free exchange-traded funds (ETF) trading program, tripling the number of ETFs to 296 from 100, effective tomorrow. The firm will offer the most commission-free ETFs in the industry as well as the largest selection of non-proprietary- commission-free ETFs.
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Source: TD Ameritrade
Evolve Funds Announces Three New ETFs to Begin Trading on the TSX
October 16, 2017-- Evolve Funds Group Inc. ("Evolve Funds") is pleased to announce the launch of the following ETFs in Canada ("Evolve ETFs"):
Evolve US Banks Enhanced Yield ETF ("CALL");
Evolve Active US Core Equity ETF ("CAPS"); and
Evolve Active Short Duration Bond ETF ("TIME")
The Evolve ETFs have closed their initial offerings of hedged and unhedged units and will begin trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbols:
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Source: Evolve Funds Group Inc
U.S. Weekly FundFlows Insight Report: Investors Inject Net New Money Into Funds Ahead of the Q3 Earnings Season
October 13, 2017--For the second week in three investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $6.9 billion. Investors padded the coffers of taxable bond funds (+$3.5 billion), equity funds (+$2.9 billion), money market funds (+$464 million), and municipal bond funds (+$44 million).
They remained cautiously optimistic ahead of Q3 2017 earnings season after Congress passed a budget resolution early in the fund-flows week-which many viewed as a precursor to tax-reform legislation. Although investors did a little handwringing before the release of the Federal Reserve Board's FOMC September meeting minutes and the beginning of earnings season later in the flows week, they shrugged off the first monthly decline in nonfarm payrolls since 2010.
view the IMF Regional Economic Outlook Update-Latin America and the Caribbean report CFTC.gov Commitments of Traders Reports Update ETFGI reports assets invested in ETFs/ETPs listed in Canada have increased 28.2% in 2017 to reach a new record of US$108 billion at the end of September 2017 view more
Principal Launches U.S. Mega-Cap Multi-Factor Index ETF view more Columbia Threadneedle Investments Launches Columbia Diversified Fixed Income Allocation ETF (DIAL) view more
October 13, 2017--Economic activity in Latin America remains on track to recover gradually in 2017-18, but long-term growth remains stuck in low gear, slowing progress in catching up to income levels in advanced countries, according to the IMF's latest regional update.
The Regional Economic Outlook Update for the Western Hemisphere has marked up its growth forecasts for Latin America and the Caribbean to 1.2 percent in 2017 and 1.9 percent in 2018. A favorable external environment is helping the recovery. Global demand is getting stronger and easy global financial conditions-low global market volatility and resilient capital inflows-are boosting domestic financial conditions.
Source: IMF
October 13, 2017--The current reports for the week of October 10, 2017 are now available.
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Source: CFTC.gov
October 12, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Canada have increased 28.2% in the first 9 months of the year to reach a new record of US$108 Bn at the end of September 2017, according to ETFGI's September 2017 preliminary Canadian ETF and ETP industry insights report an annual paid for research subscription service.
The Canadian ETF industry had 535 ETFs, with 659 listings, assets of US$108 Bn, from 25 providers listed on 2 exchanges.
Source: ETFGI
October 12, 2017--Principal Financial Group(R) (NYSE: PFG) announced today the launch of the Principal U.S. Mega-Cap Multi-Factor Index ETF (Ticker: USMC).
USMC is a strategic beta Exchange Traded Fund, which tracks the largest U.S. companies in the Nasdaq U.S. Large Cap Index, offering investors a concentrated exposure to U.S. mega-cap equities with a tilt toward lower volatility stocks. The ETF will be managed by Principal Global Investors.
Source: Principal
October 12, 2017--Columbia Threadneedle Investments today announced the expansion of its strategic beta exchange-traded fund (ETF) offerings, with the launch of Columbia Diversified Fixed Income Allocation ETF (NYSE Arca: DIAL).
DIAL will track the Beta Advantage(R) Multi-Sector Bond Index, which provides a rules-based approach to investing in six fixed income sectors. Columbia Threadneedle drew upon its expertise as a leading, fixed income manager to create the strategic beta rules that are the foundation of the index. The index is owned and calculated by Bloomberg Index Services Limited.
Source: Columbia Threadneedle Investments
