Americas ETP News
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Moriarty on the SEC's Moves to Curb Leveraged ETFs in The Wall Street Journal
June 6, 2016--In 'SEC Moves to Curb Leveraged ETFs,' Corporate partner Kathleen Moriarty spoke with The Wall Street Journal about the recent news of the Securities and Exchange Commission (SEC) moving to limit a type of ETF allowing small investors to try to double, or even triple, the daily return of stock markets, or even bet on such swings in the opposite direction.
This potential restriction reflects the SEC's effort to rein in the riskiest activities of mutual funds, which were not a problem when these ETFs were initially approved during more upbeat economic times.
SEC Moves to Curb Leveraged ETFs
Investments can double or triple daily return of stock markets or bet on opposite moves
June 6, 2016--It is a rare case of regulator's remorse.
During a deregulatory heyday a decade ago, the Securities and Exchange Commission approved a type of exchange-traded fund allowing mom-and-pop investors to try to double or even triple the daily return of stock markets or bet on such swings in the opposite direction.
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Source: Wall Street Journal
US job growth slowest since 2010
June 3, 2016--Worse than expected data deal blow to chance of rate rise at next Fed meetings.
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Source: FT.com
Chile's Pension Risk Rating Commission Approves Sale of Eight First Trust ETFs
June 2, 2016--First Trust Advisors L.P. ("First Trust"), a global ETF provider and asset manager, announced that Chilean pension funds investment risk rating commission, La Comisión Clasificadora de Riesgo (CCR), has approved six additional First Trust ETFs for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones (AFPs).
The CCR previously approved two First Trust ETFs last year.
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Source: First Trust Advisors
TrimTabs Asset Management Response to AdvisorShares Announcement of TTFS Sub-Advisor Change
June 2, 2016---- AdvisorShares has announced its intention to replace TrimTabs Asset Management (TTAM), the investment adviser that conceived the TrimTabs Float Shrink ETF (NYSE Arca: TTFS), and the manager after which the fund was named and branded, thereby changing the ETF strategy.
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Source: TrimTabs Asset Management
Convergex ETF Direct Platform Executes Over $1 Billion in Notional Value Since Its Inception
June 2, 2016--Convergex, an agency-focused global brokerage and trading related services provider, announced today that its ETF Direct platform continues to experience significant volume growth with notional value surpassing $740 million during the month of May, an increase of approximately 140% over the previous month.
During the month of May, ETF shares traded increased over 175% from the month of April and the number of trades increased over 105%.
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Source: Convergex
Additional ICE U.S. Treasury Bond Indices Selected by BlackRock; Direxion and Yuanta SITC Also Select Indices as Benchmarks for a Range of U.S. Treasury ETFs
June 2, 2016--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges, clearing houses and data services, announced today that the ICE U.S. Treasury Bond indices have been selected as the new benchmarks for a range of Exchange Traded Funds (ETFs) offered by BlackRock iShares(R), Direxion, and Yuanta Securities Investment Trust Company (Yuanta SITC).
BlackRock iShares(R) will move three additional ETFs to the ICE U.S. Treasury Indices in July following four ETFs it moved in March, which included the 20+ Year Treasury Bond ETF (TLT).
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Source: Intercontinental Exchange
State Street Global Advisors Expands ETF Offering With Launch of the SPDR® Dorsey Wright(R) Fixed Income Allocation ETF
June 2, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that the SPDR Dorsey Wright Fixed Income Allocation ETF (Ticker: DWFI) began trading on the Nasdaq Stock Market, SSGA's first SPDR ETF to be listed on this exchange.
DWFI, a fund of funds, allows investors an opportunity to take advantage of Dorsey, Wright & Associates'(DWA) signal-driven, momentum-focused technical index methodology for fixed income exposure, implemented in a single SPDR ETF.
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Source: SPDR Exchange Traded Funds
Bats Launches Liquidity Management Provider Program
June 1, 2016--Bats Global Markets, Inc. (Bats: BATS),today launches the Liquidity Management Provider ("LMP") Program on The Bats ETF Marketplace, further incentivizing liquidity providers trading ETPs on Bats.
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Source: BATS
Brazil economy shrinks 5.4%
June 1, 2016--Contraction less than feared but nation faces its worst recession.
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Source: FT.com
