Americas ETP News
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SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices
June 17, 2016--The Securities and Exchange Commission today approved Investors' Exchange LLC's (IEX) application to register as a national securities exchange.
At the same time, the Commission issued an updated interpretation that will require trading centers to honor automated securities prices that are subject to a small delay or "speed" bump when being accessed.
"Today's actions promote competition and innovation, which our equity markets depend on to continue to deliver robust, efficient service to both retail and institutional investors,, said SEC Chair Mary Jo White. "A critical role of the Commission's regulatory framework is to facilitate the ability of market participants to craft appropriate market-based initiatives, consistent with our mission to protect investors, maintain market integrity, and promote capital formation."
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Source: SEC.gov
State Street Enhances Risk Management Platform with Factor-Risk Modelling and Data from more than 4,000 ETFs
June 16, 2016--State Street Corporation (NYSE: STT) today announced that it will work with Northfield Information Services (Northfield), a provider of financial risk models and analytical tools, and Morningstar, Inc., a leading provider of independent investment research, to enhance its truView(R) Risk Management Platform.
truView provides an online, end-to-end risk solution with broad multi-asset class coverage that includes data collection, exception handling and calculating of risk results.
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Source: State Street
Direxion Launches High Yield Bear Leveraged ETF
200 Percent Inverse Exposure for Hedging Junk Bonds
June 16, 2016-- Direxion announced today it has added a new ETF to its existing lineup of leveraged inverse ETFs.
The new Fund allows tactical managers to hedge against downturns in the Barclays U.S. High Yield Very Liquid Index.
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Source: Direxion
Investors buy into 'fiduciary standard'
June 16, 2016--The increased appetite for independent advice has been a boon for registered investment advisers in the US, who are paid flat fees by investors.
This has allowed them to steal market share from traditional Wall Street brokerages, which have customarily made money from commissions that clients paid for each transaction.
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Source: FT.com
First Trust Launches the First Trust RiverFront Dynamic Emerging Markets ETF
June 15, 2016--A dynamic international ETF actively managed by RiverFront Investment Group LLC.
First Trust Advisors L.P. ("First Trust") announced today that they have launched a new exchange-traded fund ("ETF"), the First Trust RiverFront Dynamic Emerging Markets ETF (Nasdaq: RFEM) (the "fund"). The fund seeks to provide capital appreciation through exposure to emerging market economies and the opportunities they represent.
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Source: First Trust
BMO Asset Management Inc. Lowers Management Fees on ETFs
June 15, 2016--Now offering the lowest cost fixed income ETFs in Canada
Management fees on broad fixed income ETFs reduced by more than 50 per cent
BMO Asset Management Inc. ("BMO AM") today announced it is reducing the maximum annual management fee on certain of its exchange traded funds (collectively, the "ETFs").
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Source: BMO Financial Group
ALPS Proposes Reorganization of Two Exchange Traded Funds
June 15, 2016--ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced that shareholders of record as of May 23, 2016 of the Janus Velocity Tail Risk Hedged Large Cap ETF (NYSE ARCA: TRSK) and Janus Velocity Volatility Hedged Large Cap ETF (NYSE ARCA: SPXH), each a series of ALPS ETF Trust (the Funds), will be asked to approve a reorganization of their respective Funds into newly created exchange-traded funds (ETFs) of the Janus Detroit Street Trust.
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Source: ALPS
Bats ETF Marketplace Welcomes iShares MSCI China A ETF
June 15, 2016--Bats Global Markets, Inc. (Bats: BATS), today welcomed the iShares MSCI China A ETF (Bats: CNYA), which began trading today on the Bats ETF Marketplace.
The fund, the 42nd iShares product to list on Bats, seeks to track the investment results of an index composed of domestic Chinese equities that trade on the Shanghai or Shenzhen Stock Exchanges.view more
Source: Bats Global Markets
The pumped-up funds that regulators want to deflate
June 15, 2016--As investors flock to more complex exchange-traded fund structures, US regulators may be about to spoil the party.
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Source: Financial News
The Nasdaq Stock Market(R) Welcomes Five New ETPs in May
First Trust, Bullmark and Global X Select Nasdaq as Primary Venue for New ETF Listings
June 14, 2016--Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced five new exchange-traded product (ETP) listings in May, growing the company's total ETP listings to 264.
Three of these new listings include thematic ETFs, which are becoming increasingly popular since they provide immediate access to a basket of securities tracking a current trend.
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Source: Nasdaq
