Americas ETP News
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CFTC.gov Swaps Report Update
August 23, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Amplify YieldShares Prime 5 Dividend ETF changes investment objective
August 23, 2017--Amplify YieldShares Prime 5 Dividend ETF (Bats: PFV) (the "Fund"), an exchange-traded index fund and a series of Amplify ETF Trust (the "Trust"), announced that the Board of Trustees ("Board") of the Trust has approved changes to the Fund's investment objective. On or about August 29, 2017, the Fund will seek investment results that generally correspond (before fees and expenses) to the price and yield of the Prime Senior Loan and Income CEF Index (the "New Index").
The New Index is designed to provide targeted exposure to closed-end funds (CEFs) that invest at least 80% of their assets in floating rate senior loans and other floating rate instruments, pay dividends and are listed in the United States.
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Source: Amplify ETFs
New Redwood Emerging Markets ETF Launches on NEO
August 23, 2017--Aequitas NEO Exchange Inc. ("NEO Exchange" or "NEO") is pleased to announce that Redwood Asset Management Inc. ("Redwood"), a wholly owned subsidiary of Purpose Investments Inc., received final approval from NEO and Canadian securities regulators to launch the Redwood Emerging Markets Dividend exchange traded fund (ETF).
The new ETF, represented by the ticker REM, commences trading today on NEO.
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Source: NEO Exchange
A Cure for Wall Street’s MiFID Migraine in the Works at SEC
August 23, 2017--Agency preparing fix as firms worry about violating U.S. rules
Europe's sweeping research regulations take effect next year.
Wall Street has been urging Washington for months to blunt the fallout from new European rules that banks say will upend their research businesses. The industry's top U.S. regulator now appears poised to help.
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Source: Bloomberg
Advisors Sticking With Active Investments: Practical Perspectives
August 23, 2017--Most advisors have not changed their overall use of actively managed solutions in the past 12 months
Despite increased flows to passively managed solutions, most financial advisors continue to rely on actively managed solutions, including mutual funds and separately managed accounts, according to a new research report by Practical Perspectives.
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Source: thinkadvisor.com
AdvisorShares-Active ETF Report-Month ending 07.31.2017
August 24, 2017--The AdvisorShares Active ETF Report provides a detailed analysis of one of the most rapidly expanding areas of the asset management industry. Discover how much asset growth occurred in the actively managed ETF space during July, as well as fund ratings, a breakdown of all actively managed ETFs currently trading and much more!
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Source: AdvisorShares
Covered funds seen as starting point for Volcker rule reform
August 22, 2017--Inter-agency consensus may prove more elusive on altering prop-trading definitions.
US regulatory agencies looking to reform the Volcker rule may find the definition of covered funds in which banks are forbidden to invest as the easiest and least contentious starting point, according to lawyers and former regulators.
Under the Volcker rule, a covered fund is anything not considered an investment company.
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Source: Risk.net
ETFGI reports assets invested in ETFs/ETPs listed in Canada reached a new record of US$104 Bn at the end of July 2017
August 22, 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 reached a new record of US$104 Bn at the end of July 2017, surpassing the prior record of US$101 Bn set at the end of June 2017, according to data from ETFGI's July 2017 global ETF and ETP industry insights report.
ETFs/ETPs listed in Canada gathered US$113 Mn in net new assets in July, marking the 10th consecutive month of net inflows. Year to date, net inflows stand at a record level of US$11.56 Bn which is significantly greater than the US$8.51 Bn in net inflows at this point last year.
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Source: ETFGI
Desjardins Announces Management Fee Reductions for some Desjardins ETFs
August 22, 2017--Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announced management fee reductions for some Desjardins ETFs.
These reductions will be effective, starting August 23, 2017.
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Source: Desjardins Group
ULTUMUS-First Trust Institutional ( FPEI)
August 22, 2017--USA
First Trust will be listing a first-of-its-kind ETF that hoovers up American institutional preferred securities (FPEI).
Preferred securities are unique to American tax law and are something of a hybrid between equity and debt....
First Trust already has an ETF that tracks preferred securities (FPE). What is different about FPEI-and what makes it a world first-is that it gobbles up institutional preferred securities...
Corporate action:
State Street's S&P Oil and Gas Equipment & Services ETF (XES) has received payment from a law suit against Weatherford International.
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Source: ULTUMUS-Financial Data Management
