Americas ETP News
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IMF-Chile: 2016 Article IV Consultation
December 9, 2016--Summary:
Chile's fundamentals and policy framework remain strong. However, economic prospects are being shaped by lower dynamism in key trading partners, permanently lower copper prices, slower trend growth, and mounting social demands for inclusive growth.
Important reforms are underway to lift growth and reduce inequality, but they inevitably generate transition costs. Against this background, staff's recommendations aim to balance trade-offs between growth, stability, and social objectives, while assessing the macroeconomic policy mix during this challenging transition.
view the Chile: 2016 Article IV Consultation report
Source: IMF
ETF Managers Group, LLC Announces Closure of its Restaurant ETF
December 9, 2016--ETF Managers Group, LLC today announced plans to close The Restaurant ETF (NASDAQ: BITE) based on an ongoing review of its offerings and market demand.
Effective immediately, BITE will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.
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Source: morningstar.com
Efficient Market Advisors tops $1 billion in assets
December 9, 2016--Achieves asset growth of 45% over one-year period.
Efficient Market Advisors (EMA) announced today that it directly or indirectly invests over $1 billion on behalf of investor clients and their financial advisors. EMA, a leading Exchange Traded Fund (ETF) strategist firm headquartered in San Diego, CA, credits this milestone and its record growth to the more than 453 US-based financial advisors who have chosen to allocate their client's assets to EMA's proprietary ETF strategies.
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Source: Efficient Market Advisors
The WEAR ETF Launches
December 9, 2016--Exchange Traded Concepts Partners with Eve Capital and EQM Indexes The WEAR ETF (Bats: WEAR)
Companies derive revenue from the sale of wearable technology devices for applications such as: Sport and Fitness, Industrial/Military, Infotainment/Lifestyle and Healthcare
ETF seeks to track index developed by EQM
ETF offers diversified exposure to those companies that manufacture and/or sell devices or their components
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Source: Exchange Traded Concepts
Brown Brothers Harriman and ETF.com Release Fourth Annual U.S. ETF Investor Survey
December 7, 2016--As the U.S. industry matures, investors employ new ways to use ETFs. Factor based strategies become more attractive as demand continues for smart beta.
The 2016 survey polled 175 financial advisors and institutional investors on their ETF selection process; comfort with newly launched ETFs; plans for investing in emerging ETF strategies; and views on securities lending; among other items.
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Source: www.bbh.com
Horizons ETFs Launches the Horizons EURO STOXX 50(R) Index ETF
December 7. 2016--The first ETF in Canada to provide exposure to the performance of Europe's blue chip benchmark.
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launch of the Horizons EURO STOXX 50(R) Index ETF ("HXX").
The first of its kind in Canada, HXX will provide investors with low-cost, tax- efficient exposure to the performance of 50 of the largest, sector-leading companies in Europe.
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Source: horizonsetfs.com
Exchange Traded Concepts Announces Share Split for REX VolMAXXTM Short VIX Weekly Futures Strategy ETF
December 7, 2016--Exchange Traded Concepts, LLC today announced that the Board of Trustees of Exchange Traded Concepts Trust has authorized share splits for the REX VolMAXX Short VIX Weekly Futures Strategy ETF ("VMIN").
The Board has approved share splits for shareholders of record as of the close of business on December 22, 2016, payable after the close of trading on December 28, 2016.
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Source: Exchange Traded Concepts, LLC
Deutsche X-Trackers US Platform Launches High Yield Bond ETF (HYLB)
December 7, 2016--Deutsche Asset Management (Deutsche AM) today announced the launch of Deutsche X-trackers USD High Yield Corporate Bond exchange-traded fund (ETF) (NYSE Arca:HYLB).
The most cost efficient high-yield ETF in the US market1, HYLB will provide investors access to benchmark exposure to high yield bonds.
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Source: Nasdaq.com
CBO-Monthly Budget Review for November 2016
December 7, 2016--The federal budget deficit was $179 billion for the first two months of fiscal year 2017, CBO estimates, $22 billion less than the one recorded during the same period last year.
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Source: Congressional Budget Office (CBO)
CLS Investments Unveils Next Edition of Popular Digital Investment Management Platform for Advisors
December 6, 2016--CLS Autopilot debuts new client-oriented tool suite built at the behest of its advisors.
CLS Autopilot provides advisors with a unique portal for clients to do online business.
CLS Autopilot clients have access to a unique dashboard, providing full access and control of their account(s).
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Source: CLS Investments
