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BlackRock names Goldman Sachs' Brownlie as U.S. head of fixed-income ETFs
June 8, 2017--BlackRock Inc said on Thursday it hired Goldman Sachs' Heather Brownlie as its U.S. head of fixed-income ETFs.
Brownlie, who most recently was the global head of fixed-income for private wealth management in Goldman Sachs' investment management division, will lead BlackRock's fixed-income ETFs unit across product, sales, capital markets and marketing, a BlackRock spokeswoman said.
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Source: Reuters
WisdomTree Cross-Lists New ETF on Bolsa Mexicana de Valores
June 8, 2017--New ETF Designed to Help Mexican Investors Diversify Market Exposure
WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced that the WisdomTree Global ex-Mexico Equity Fund (XMX) has been listed on the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), S.A.B. de C.V.
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Source: WisdomTree
Horizons ETFs Announces Changes to the Horizons Medical Marijuana Life Sciences ETF
June 8, 2017--Horizons ETFs Management (Canada) Inc. ("Horizon ETFs") has announced that it will change the name of the Horizons Medical Marijuana Life Sciences ETF to "Horizons Marijuana Life Sciences Index ETF" effective on or about June 15, 2017.y.
Its primary ticker symbol, HMMJ, will remain the same. HMMJ is the first ETF in the world that offers direct exposure to North American-listed companies with significant business activities in the marijuana industry.
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Source: Horizons ETFs Management (Canada) Inc.
Goldman Sachs Joins Bond ETF Party
June 8, 2017--Wall Street firm launches fund that grants investors an inexpensive way to invest in corporate bonds.
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Source: Wall Street Journal
FINRA Issues Research on Securitized-Asset Liquidity
June 8, 2017--The Financial Industry Regulatory Authority (FINRA) Office of the Chief Economist today posted a new Research Note on liquidity in structured products, complementing an earlier report on corporate-bond liquidity.
The new analysis focused on two categories of products: real-estate securities, including mortgage-backed securities in residential housing and commercial buildings, as well as collateralized mortgage products and to-be-announced forward mortgages; and asset-backed securities in credit cards, automobiles, student loans and other miscellaneous products.
view the Research Note on liquidity in structured products
Source: Financial Industry Regulatory Authority (FINRA)
Edward Rosenberg Joins American Century Investments To Oversee The Firm's Exchange Traded Funds Initiative
June 8, 2017--American Century Investments today announced that Edward Rosenberg has been named senior vice president and head of ETFs for the $165 billion* global asset management firm. Rosenberg joins American Century from Northern Trust's FlexShares business, where he has served as senior vice president and head of ETF capital markets and analytics.
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Source: American Century Investments
CBO-Monthly Budget Review for May 2017
June 7, 2017--The federal budget deficit was $432 billion for the first eight months of fiscal year 2017, the Congressional Budget Office estimates-$26 billion more than the shortfall recorded during the same span last year.
But that result was affected by shifts in 2016 in the timing of certain payments that otherwise would have been due on a weekend. If not for those shifts, the deficit for the first eight months of fiscal year 2017 would have been $68 billion larger than the one recorded for the same period last year.
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Source: Congressional Budget Office (CBO)
Bats Welcomes NuShares Funds to the Bats ETF Marketplace
June 7, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed two Nuveen-sponsored ETFs to the Bats ETF Marketplace.
The NuShares ESG International Developed Markets Equity ETF (Bats: NUDM) seeks to track the investment results of the TIAA ESG International Developed Markets Equity Index, which is comprised solely of listed equity securities issued by companies (and depositary receipts representing such securities) located in countries with developed markets, excluding the United States and Canada, that meet certain environmental, social, and governance (ESG) criteria.
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Source: Bats Global Markets
BNY Mellon Appoints Bridget E. Engle Senior Executive Vice President And Chief Information Officer, effective June 8, 2017
June 7, 2017--BNY Mellon, a global leader in investment management and investment services, has appointed Bridget E. Engle as Senior Executive Vice President and Chief Information Officer.
Engle, who reports directly to CEO Gerald Hassell, also joins the firm's Executive Committee, BNY Mellon's senior-most governing body.
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Source: BNY Mellon
SEC to hire Dalia Blass as top asset management regulator: source
June 7, 2017--The U.S. Securities and Exchange Commission is poised to hire Dalia Blass to lead the division that regulates asset managers, according to a person familiar with the matter.
Blass, an attorney at Ropes & Gray LLP, is an SEC alumnus who previously worked in the Investment Management division that she is being tapped to lead.P>view more
Source: Reuters