Americas ETP News
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Vanguard Is Growing Faster Than Everybody Else Combined
April 14, 2017--The Vanguard trading floor is the epicenter of one of the great financial revolutions of modern times, yet it is a surprisingly relaxed place.
A few men and women gaze at Bloomberg terminals. There is a muted television or two and a view of verdant suburban Philadelphia. No one is barking orders to buy or sell stock. For a $4.2 trillion mutual fund giant that is still growing rapidly, it occupies a small fraction of the space of a typical Wall Street trading hub.
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Source: New York Times
The Nasdaq Stock Market(R) Welcomes Seven New ETPs in the First Quarter of 2017
April 13, 2017--Paul Roland appointed head of ETP Listings
Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced seven new exchange-traded products (ETP) listings from five different issuers during the first quarter of 2017.
Nasdaq n0w has a total of 332 products listed from 39 unique issuers as of March 31, 2017, representing a 38 percent increase in products versus the first quarter of 2016.
Additionally, Nasdaq announced that Paul Roland, Associate Vice President at Nasdaq, has been appointed to lead the U.S. ETP Listings business. He will report to Tal Cohen, Senior Vice President and Head of North American Equities.
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Source: Nasdaq.com
Institutional investors boost ownership of ETFs
April 13, 2017--Institutional investors increased their ownership of US exchange traded funds by $213bn in 2016 to $1.4tn, accounting for 59 per cent of all ETF assets, according to analysis from Deutsche Bank.
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Source: FT.com
IMF working paper-Demographic Changes in Latin America: The Good, the Bad and ...
April 13, 2017--The paper develops a simple, integrated methodology to project public pension cash flows and healthcare spending over the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico), where public spending pressures are expected to increase significantly over 2015-50 due to demographic trends and rising healthcare costs.
We simulate alternative pension reforms, including the transition from a defined benefit to a defined contribution pension system and the fiscal burden of a minimum guaranteed pension under the latter. We also analyze public healthcare outlays in the LAC5, which is likewise expected to increase significantly over 2015-50 due to aging and the so-called excess cost growth factor of healthcare services, showing that curbing the evolution of the latter (e.g., through enhanced competition in the healthcare sector) could aid in containing spending pressures. Despite its simplicity, the methodology yields projections that compare well with other approaches. It therefore provides a good benchmark for assessing alternative reform scenarios, particularly in data-constrained countries.
view the IMF Working paper-Demographic Changes in Latin America: The Good, the Bad and ...
Source: IMF
Bats Welcomes New iShares Fund to Bats ETF Marketplace
April 13, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded fund (ETF) trading globally, today welcomed a new iShares iBond fund to the Bats ETF Marketplace.
The iShares iBonds Dec 2023 Term Muni Bond ETF (Bats: IBML) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2022 and before December 2, 2023.
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Source: Bats Global Markets
SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors
April 10, 2017--The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being secretly compensated for touting company stocks.
SEC investigations uncovered scenarios in which public companies hired promoters or communications firms to generate publicity for their stocks, and the firms subsequently hired writers to publish articles that did not publicly disclose the payments from the companies. The writers allegedly posted bullish articles about the companies on the internet under the guise of impartiality when in reality they were nothing more than paid advertisements.
view the SEC Investor Alert: Beware of Stock Recommendations on Investment Research Websites
Source: SEC.gov
Reality Shares DIVS ETF (DIVY) Attracts $50 Million in Assets
April 7, 2017--The Reality Shares DIVS ETF (NYSE Arca: DIVY), the flagship fund from exchange-traded fund issuer and research firm Reality Shares, crossed the $50 million in assets under management threshold, less than three years after its debut
Since its inception over two years ago, in addition to its historical low volatility and low correlation qualities to both equities and bonds, DIVY has exhibited a historically low standard deviation.
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Source: realityshares.com
US stock funds record biggest outflows in more than 18 months
April 7, 2017-- $14.5bn-Amount drained from US stock portfolios in week to April 5, 2017
Amount drained from US stock portfolios in week to April 5Shift toward Europe accelerates amid doubts over Trump's policy agenda
US stock funds experienced their largest withdrawals in more than 18 months and investors extended their rotation into cheaper valued European equities, according to the latest weekly flow data from EPFR.
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Source: FT.com
CBO-Monthly Budget Review for March 2017
April 7, 2017--The federal budget deficit was $522 billion for the first six months of fiscal year 2017, the Congressional Budget Office estimates-$63 billion more than the shortfall recorded during the same span last year.
But that result was affected by shifts 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 six months of fiscal year 2017 would have been $61 billion larger than that recorded for the same period last year.
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Source: Congressional Budget Office (CBO)
ETFs Are the New Bond Kings
April 5, 2017--Exchange-traded funds are transforming debt markets as big investors use them in ways considered crazy a few short years ago.
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Source: Bloomberg
