Americas ETP News
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The crumbling assumptions of US public pension plans
August 26, 2016--How public pensions calculate their liabilities comes under sharp scrutiny amid fears of a black hole.
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Source: FT.com
Global X Funds Announces Index Change for Colombia ETF
August 26, 2016--Global X Funds, the New York based provider of exchange traded funds (ETFs), has announced that on or around the close of trading on August 31, 2016, the Global X MSCI Colombia ETF (NYSE Arca: GXG) will begin tracking the MSCI All Colombia Select 25/50 Index.
The MSCI All Colombia Select 25/50 Index applies additional liquidity screens on the MSCI All Colombia Index, which is designed to represent the performance of the broad Colombia equity universe
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Source: Global X
Global X Funds Limits Creations in Global X MSCI Nigeria ETF (Ticker: NGE)
August 26, 2016--Global X Funds, the New York-based provider of exchange traded funds, announced today that effective September 2, 2016, creation orders in the Global X MSCI Nigeria ETF (Fund) will be limited to two creation units per Authorized Participant (AP) per day. Each creation unit is comprised of 50,000 shares.
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Source: State Street Global Advisors
BlackRock Canada Announces Investment Strategy Enhancements for Certain iShares Funds
August 26, 2016-- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BLK), today announced changes to the investment strategy of the following funds (collectively, the "iShares Funds"), to clarify and enhance the manner in which a proprietary portfolio optimization process is used in the construction of the iShares Funds' portfolios.
E*TRADE Study Reveals the Varying ETF Preferences of Older and Younger Investors
August 26, 2016--Millennial investors are more interested in non-traditional ETFs, while Boomers gravitate to dividend and industry-specific ETFs
TRADE Financial Corporation (NASDAQ:ETFC) today announced results from the most recent wave of StreetWise, E*TRADE's quarterly tracking study of experienced investors. Results show how exchange-traded fund (ETF) preferences vary by age:
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Source: E*TRADE
SEC Rule to Limit Derivatives Alarms Industry With Liquidity Concerns
August 25, 2016--A Securities and Exchange Commission proposal to place caps on registered investment firms' exposures to derivatives is showing the hallmarks of a classic Washington battle-the industry is trying to tamp down advocacy groups' requests for broad regulations.
Although the SEC hasn't announced its plans, lobbyists who have been watching the derivatives rule expect the agency to move forward in the coming months.
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Source: morningconsult.com
SEC Adopts Rules to Enhance Information Reported by Investment Advisers
August 25, 2016--The Securities and Exchange Commission today adopted amendments to several Investment Advisers Act rules and the investment adviser registration and reporting form to enhance the reporting and disclosure of information by investment advisers.
The amendments will improve the quality of information that investment advisers provide to investors and the Commission.
"These amendments are an important step in a series of rulemakings to enhance the SEC's monitoring and regulation of the asset management industry," said SEC Chair Mary Jo White.
view the Form ADV and Investment Advisers Act-Final Rules
Source: SEC.gov
Investment Advisers Paying Penalties for Advertising False Performance Claims
August 25, 2016--The Securities and Exchange Commission today announced penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product.
An SEC enforcement sweep of investment advisers found that the 13 firms accepted and negligently relied upon claims by F-Squared Investments that its AlphaSector strategy for investing in exchange-traded funds (ETFs) had outperformed the S&P Index for several years. The firms repeated many of F-Squared's claims while recommending the investment to their own clients without obtaining sufficient documentation to substantiate the information being advertised.
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Source: SEC.gov
First Trust Uses New Generic Listing Standards for the Launch of Two New ETFs on NYSE Arca
August 25, 2016--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today celebrates the listing of two new ETFs from First Trust, marking the first time an issuer has utilized the new streamlined generic listing rules approved last month.
Launched today on NYSE Arca, the First Trust Horizon Managed Volatility Domestic ETF (HUSV) and First Trust Horizon Managed Volatility Developed International ETF (HDMV) are two actively managed funds that were approved through the new streamlined listing process,which no longer requires a separate filing with the Securities and Exchange Commission (SEC) under SEC Rule 19b-41. The funds are managed by First Trust Advisors, L.P. and Horizon Investments, LLC, and are based in Wheaton, IL.
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Source: Intercontinental Exchange
