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Nuveen Commodity Funds Complete Liquidation
December 30, 2016--Final Liquidating Distribution Accompanies Previously Announced Regular Monthly Distribution
Nuveen, an operating division of TIAA Global Asset Management, has completed the liquidations of the Nuveen Diversified Commodity Fund (NYSE MKT: CFD) and the Nuveen Long/Short Commodity Total Return Fund (NYSE MKT: CTF). As previously announced, each fund's shares ceased trading and were delisted after the close of business on Friday, December 23, 2016.
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Source: Nuveen.com
Horizons ETFs Announces Planned Elimination of its Advisor-Class Units
December 29, 2016--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has announced that it plans to eliminate all advisor-class units of its Canadian-listed exchange trade funds (ETFs).
Advisor-class units are a specific class of ETF units which pay a service fee to the financial professionals who have purchased them on behalf of their clients.
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Source: Horizons ETFs Management (Canada) Inc
SEC Issues Annual Staff Reports on Credit Rating Agencies
December 28, 2016--The Securities and Exchange Commission today issued its two annual staff reports on credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs).
The reports show that NRSROs have made operational improvements and have enhanced process accountability, controls and governance, and that smaller NRSROs have made competitive inroads in certain rating categories.
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Source: SEC.gov
CFTC.gov Swaps Report Update
December 28, 2016--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
OCC submits rule to curb U.S. banks dealing in industrial metals
December 28, 2016--The Office of the Comptroller of the Currency (OCC) said on Wednesday it had submitted a rule to the Federal Register to prohibit U.S. national banks and federal savings associations from dealing or investing in industrial or commercial metals.
The ruling, effective April 1, replaces a prior OCC determination that allowed national banks to trade in copper. It covers metal products such as copper cathodes and aluminum T-bars.
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Source: Reuters
AdvisorShares-This Week in Active ETFs: Will Foreign Equities Shine In 2017?
December 27, 2016--Highlights of the Prior week of December 19 to December 23, 2016
How Much Higher Will Interest Rates Go?
Macro
With just four trading days left in 2016, most of the broad based
domestic equity indexes are poised for double digit gains for
the year.
While a lot can happen if four days, the history of this last week is an average gain of better than 1% (from Bespoke
Investment Group via Barron’s).
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Source: AdvisorShares
NYSE Arca Losing ETFs to Rivals
December 27, 2016--The New York Stock Exchange, the leading marketplace for exchange-traded funds, is losing ground to rivals in the fast-growing business.
For the first time in at least five years, NYSE Arca's ETF listings have declined from a year earlier, with more than 30 ETFs defecting this month for Nasdaq Inc. and Bats Global Markets Inc.
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Source: Wall Street Journal
Trump administration signals new direction for institutional investors
December 26, 2016--New direction for SEC, Dodd-Frank changes should dictate focus
The coming year will see regulatory issues once again dominate discussions in institutional trading, although the focus will be less on compliance and more on what regulations ultimately will look like.
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Source: pionline.com
Infographic-The Changing Anatomy of U.S. Oil Imports Over the Last Decade
December 23, 2016--OPEC was once a name that made world leaders shake in their boots.
In the early 1970s, the infamous oil cartel controlled more than 50% of global market share. The power of the cartel was also clear-in response to the Yom Kippur War of 1973, many OPEC countries (that were a part of OAPEC-the Organization for Arab Petroleum Exporting Countries) initiated production cuts and an oil embargo against Western countries.
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Source: visualcapitalist.com
CFTC.gov Commitments of Traders Reports Update
December 23, 2016--The current reports for the week of December 20, 2016 are now available.
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Source: CFTC.gov