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IMF-Argentina: Selected Issues
November 10, 2016--HOW LARGE IS ARGENTINA'S CAPITAL ACCUMULATION GAP AND HOW CAN IT BE REDUCED? LESSONS FROM PAST INVESTMENT SURGES1
A. Introduction
1. Over the last three and a half decades, Argentina's investment rate has been among the lowest among peer advanced and emerging market countries. Investment rates (defined in this paper as gross fixed capital formation in percent of GDP) fell in the 1980s from already relatively low levels and recovered strongly in the 1990s.
After rebounding rapidly from the historical lows experienced during the 2001 economic crisis, the investment rate fell again over the last decade, reflecting the deterioration of the macroeconomic environment and increasing government interventionist policies.
Access ETF Solutions LLC Announces that it is the Benchmark for the USCF Restaurant Leaders ETF
November 8, 2017--Access ETF Solutions LLC is pleased to announce that its Restaurant Leaders INDXX Index is being tracked as the benchmark for the USCF Restaurant Leaders ETF (MENU) which began trading on the NYSE today.
The index was designed by Access ETF Solutions LLC in collaboration with INDXX LLC as the third party back test provider.
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Source: MenuETFIndex
Credit Suisse AG Announces Its Intent To Delist And Repurchase Its MLPN ETN
November 8, 2016--Credit Suisse AG announced today its intention to delist and repurchase the following Exchange Traded Notes (the "ETNs") in whole pursuant to their terms:
ETN:Credit Suisse X-Links Cushing(R) MLP Infrastructure ETNs due April 20, 2020
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Source: Credit Suisse AG
Bats Global Markets to Provide Bats One Quote, Trade Data to Morningstar
November 7, 2016--Bats Global Markets (Bats), a leading global operator of exchanges and services for financial markets, and Morningstar, Inc., a leading provider of independent investment research, today announced an agreement under which Bats will provide the Bats One Summary market data feed to Morningstar.
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Source: finance.yahoo.com
CBO-Monthly Budget Review: Summary for Fiscal Year 2016
November 7, 2016--In fiscal year 2016, which ended on September 30, the federal budget deficit totaled $587 billion-$148 billion more than the shortfall recorded in 2015.
Measured as a share of the nation's gross domestic product, the deficit increased to 3.2 percent in 2016, up from 2.5 percent in 2015.
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Source: Congressional Budget Office (CBO)
Direxion Changes Index for Leveraged India ETF
November 4, 2016-- Direxion is changing the benchmark index of the Direxion Daily India Bull 3X Shares, resulting in a name change to the Direxion Daily MSCI India Bull 3X Shares.
The modification will take effect on January 03, 2017.
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Source: Direxion
Horizons ETF Management expands U.S. footprint with Recon Capital buy
November 4, 2016--Horizons ETF Management has entered into an agreement to acquire Recon Capital Advisors LLC in a move that illustrates the growing appeal of the U.S. ETF market.
According to the terms of the agreement, the members of Recon Capital along with their four ETFs will join Horizons ETFs, a member of Toronto-based Horizons Exchange Traded Funds Group. The financial terms of the deal were not disclosed.
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Source: investmentnews.com
SEC to ETFs: Who are your market-makers?
November 3, 2016--Regulators worried about opacity and volatility in exchange-traded funds are for the first time requiring them to disclose the Wall Street brokers they rely on to smooth trading in the securities.
The Securities and Exchange Commission approved on October 13 a rule that includes a requirement for ETFs to report which banks are the most active middlemen in the $2.4 trillion market.
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Source: Financial News
State Street Global Advisors Announces New Promotion Agent for SPDR(R) ETF Business in South America
November 3, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced a partnership with Credicorp Capital which will serve as promotion agent for SPDR ETFs to institutional investors in Chile, Peru and Colombia.
The partnership, which became effective September 12, 2016, will provide institutional clients throughout the region with local, dedicated SPDR ETF resources to help meet their portfolio management needs.
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Source: State Street Global Advisors
Preferred Share Investment Trust Completes Merger with First Asset Preferred Share ETF
November 2, 2016--Further to its press release on October 26, 2016, First Asset Investment Management Inc. (the "Manager") announces that the merger of Preferred Share Investment Trust (TSX: PSF.UN) (the "Fund") with First Asset Preferred Share ETF (the "First Asset ETF") (TSX: FPR) was implemented after the close of business on November 1, 2016.
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Source: First Asset
