Americas ETP News
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Bats Welcomes New Issuer Oppenheimer Funds to the Bats ETF Marketplace
July 13, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed new issuer OppenheimerFunds to the Bats ETF Marketplace, with the listing of three revenue-weighted funds.
The funds include:
The Oppenheimer Emerging Markets Revenue ETF (Bats: REEM), which seeks to outperform the total return performance of the MSCI Emerging Markets Index;
The Oppenheimer Global Revenue ETF (Bats: RGLB), which seeks to outperform the total return performance of the MSCI ACWI Index; and
The Oppenheimer International Revenue ETF (Bats: REFA), which seeks to outperform the total return performance of the MSCI EAFE Index.
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Source: Bats Global Markets
Vanguard CEO Bill McNabb to Step Down
July 13, 2017--Money manager says investment chief Tim Buckley will take over in January.
Vanguard Group named a new chief executive who will have to confront a challenge most companies wish they had: intense growth.
Mortimer J. "Tim" Buckley, a onetime assistant to the firm’s founder Jack Bogle, will replace F. William McNabb III in January.
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Source: Wall Street Journal
Bats Welcomes Two New iShares Funds to the Bats ETF Marketplace
July 13, 2017--Bats, a CBOE Holdings,Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed two new iShares funds
to the Bats ETF Marketplace
Their launch brings the total number of iShares funds listed on the Bats ETF Marketplace to 45.
The iShares Edge High Yield Defensive Bond ETF (Bats: HYDB) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds.
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Source: Bats Global Markets
IMF Country Reports-Brazil: Selected Issues
July 13, 2017--INVESTMENT IN BRAZIL: FROM CRISIS TO RECOVERY1
While Brazil's deep recession has been broad based, it has been marked by a particularly large fall in investment. Real investment fell by around 30 percent between the beginning
of 2014 and the beginning of 2017.
This chapter finds that a variety of factors contributed to the investment decline, including a deterioration in Brazil's medium-term growth
prospects, rising real interest rates, falling terms of trade, rising uncertainty related to
economic policy, rising levels of corporate leverage and lower cash flow. Some of the factors that have weighed on investment over recent years have begun to normalize
providing some impetus for a recovery.view report
Source: IMF
EURO STOXX 50 Licensed To U.S. Based Direxion
July 12, 2017--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 has been licensed to Direxion Funds to underlie a 3x Leveraged ETF.
"We are delighted that Direxion has chosen our European flagship index to underlie an exchange-traded fund in the U.S." said Matteo Andreetto, chief executive officer, STOXX Limited. "The EURO STOXX 50 Index remains Europe's most favored and well-known blue chip equity index. Its liquidity, transparency and rules based methodology makes the index an ideal tool to participate in the performance of the Eurozone equity markets."
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Source: STOXX
Canada's rate rise is latest shift in global central bank policy
July 12, 2017--Rate rise boosts the Canadian currency as central bank positions for inflation uptick.
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Source: FT.com
Semiannual Monetary Policy Report to the Congress
July 12, 2017--Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress.
In my remarks today I will briefly discuss the current economic situation and outlook before turning to monetary policy.
Current Economic Situation and Outlook
Since my appearance before this committee in February, the labor market has continued to strengthen. Job gains have averaged 180,000 per month so far this year, down only slightly from the average in 2016 and still well above the pace we estimate would be sufficient, on average, to provide jobs for new entrants to the labor force.
view the Monetary Policy Report submitted to the Congress on July 7, 2017, pursuant to section 2B of the Federal Reserve Act
Source: federalreserve.gov
Yellen Says Economy Is Robust, but Adds That Fed Will Stay Flexible
July 12, 2017-- Janet L. Yellen, the Federal Reserve chairwoman, delivered an upbeat message on the state of the American economy to Congress on Wednesday, highlighting the strength of job growth and indicating that the Fed remained on course to begin reducing its bond holdings in the fall.
Ms. Yellen added, however, that the Fed was paying close attention to the recent weakness of inflation. While emphasizing that she expected prices to start rising more quickly, she said persistent weakness could lead the Fed to raise interest rates more slowly.
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Source: NY Times
Investing Legend Burton Malkiel Joins the Toroso ETF Industry Index Committee
July 12, 2017--Author of "A Random Walk Down Wall Street" brings wealth of experience to the team overseeing the only benchmark for the fast-growing ETF industry
Burton Malkiel, the legendary Princeton professor and author of the seminal best-selling book "A Random Walk Down Street," has joined the Index Committee for the Toroso ETF Industry Index ("TETF.Index"), it was announced today.
"In the years since I first wrote 'Random Walk' the asset management industry has undergone nothing short of a sea change, marked by the emergence and increasing dominance of index-based investment approaches," said Dr. Malkiel.
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Source: Toroso Investments
IndexIQ Lowers Fees For Its Suite Of 50 Percent Currency Hedged International Equity ETFs
July 12, 2017--HFXI expense ratio lowered by almost half; HFXE & HFXJ lowered by more than a third
IndexIQ, a leading provider of innovative investment solutions, today announced that it is lowering the total expense ratio (TER) for its suite of 50 percent currency hedged international equity ETFs, as of July 12, 2017.
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Source: IndexIQ
