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Chart: The Rise of ETFs and Passive Investing
September 23, 2016--For the investing world, the meteoric rise of ETFs, or exchange-traded funds, has been a key story to follow since the 2008 crisis.
he ETF landscape has changed dramatically over that timeframe. In 2007, there were 1,181 ETFs that existed worldwide. By 2015, that number sailed to 4,396-that's a lot of new ETFs. Today, there is so much selection out there that you can do pretty much everything.
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Source: visualcapitalist.com
VanEck Announces Change in Delisting Date for Two of Its ETFs
September 23, 2016--VanEck announced on September 8, 2016 that it planned to close and liquidate two of its ETFs: VanEck Vectors Gulf States Index ETF (MES) and VanEck Vectors Indonesia Small-Cap ETF (IDXJ) (together the "Closing Funds").
On September 7, 2016, the Board of Trustees of VanEck Vectors ETF Trust approved the liquidation and dissolution of the Closing Funds. VanEck announced today that it has extended the day that the Closing Funds will cease trading on NYSE Arca Inc. ("NYSE Arca") from September 28, 2016 to Friday, October 7, 2016.
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Source: VanEck
First Asset ETFs Actively Managed by Cambridge Global Asset Management
First Asset Cambridge Core Canadian Equity ETF
First Asset Cambridge Core U.S. Equity ETF
September 23, 2016--First Asset Investment Management Inc. ("First Asset") is pleased to announce the launch of First Asset Cambridge Core Canadian Equity ETF (TSX: FCE) and First Asset Cambridge Core U.S. Equity ETF (TSX:FCY and unhedged: FCY.B).
Both will commence trading today on the Toronto Stock Exchange and are managed by Cambridge Global Asset Management, an affiliate of First Asset.
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Source: First Asset
Horizons ETFs Actively Managed ETF Business Surpasses $3 Billion in AUM
September 23, 2016--Horizons ETFs Also Extends Fee Rebate on Horizons S&P TSX 60TM Index ETF
Horizons ETFs Management (Canada) Inc. and its affiliate, AlphaPro Management Inc. (collectively "Horizons ETFs"), are pleased to announce that assets under management (AUM) for its actively managed exchange traded fund (ETF) business now exceed $3 billion.
With 28 actively managed ETFs listed on the Toronto Stock Exchange, Horizons ETFs has the largest suite of actively managed ETFs in Canada (by number of offerings).
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Source: http://finance.yahoo.com
Exchanges defeat appeal of U.S. high-frequency trading lawsuits
September 23, 2016--A federal appeals court on Friday rejected an investor's attempt to revive lawsuits accusing major U.S. exchanges of selling early access to market data to high-frequency traders, the subject of Michael Lewis' 2014 best-seller "Flash Boys."
The 2nd U.S. Circuit Court of Appeals in Manhattan agreed with the New York Stock Exchange, The Nasdaq Stock Market, BATS Exchange, the Chicago Board Options Exchange and others that it is for the U.S. Securities and Exchange Commission rather than courts to regulate how market data is disseminated.
CBOE in talks to buy smaller exchange rival Bats
September 23, 2016--CBOE, the US exchange best known for the Vix volatility indices, is in talks to purchase smaller rival Bats Global Markets in a deal that underscores consolidation sweeping through the US options industry...
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Source: FT.com
Renaissance Capital US IPO Week Ahead: Year's largest US tech company to IPO, Nutanix, leads 5-deal week
September 23, 2016--Five IPOs are scheduled to close out the third quarter, putting September on pace to be the year's most active month for IPOs.
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Source: Renaissance Capital
PowerShares Launches Variable Rate Investment Grade Portfolio (VRIG)
September 22, 2016--PowerShares and Invesco Fixed Income (IFI) partner on the first and only ETF with diversified exposure to multiple fixed income asset classes consisting of high-quality variable and floating rate securities.
Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today the launch of PowerShares Variable Rate Investment Grade Portfolio (VRIG). The ETF will be actively managed by IFI, which collectively has more than 34 years of experience in fixed income investing.
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Source: Invesco PowerShares Capital Management
OFR Monitor Shows Accelerating Shift to Government Money Market Funds
September 22, 2016--Assets of U.S. prime money market funds have decreased by more than $700 billion since the beginning of the year, while assets of government money market funds have increased by about the same amount, according to the OFR's monthly U.S. Money Market Fund Monitor.
This trend accelerated in August.
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Source: OFR (Office of Financial Research)
United Advisors and 55 Capital Announce Partnership to Provide a Suite of Dynamically Managed ETF Strategies to United Advisors' Clients
September 22, 2016--United Advisors, an advisor and wealth management support platform, and 55 Capital, an investment management company, today announced a strategic partnership to provide United's financial advisors with all five of 55 Capital's dynamically managed strategies.
The strategies, comprised of 100% ETFs, aim to uniquely manage risk to deliver better outcomes for a wide range of investors. This is the first time United Advisors has entered a strategic relationship of this kind.
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Source: United Advisors
