Americas ETP News
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Credit Suisse AG Announces the Repurchase of its CSMA ETNs
June 1, 2016--Credit Suisse AG announced today that it will repurchase at its option its Credit Suisse X-Links Merger Arbitrage ETNs ("CSMA"), as the outstanding principal amount of ETNs is $10,000,000 or less.
The repurchase date is expected to be June 13, 2016.
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Source: Credit Suisse AG
CIBC Mellon to provide asset servicing for new Mackenzie Active Fixed Income ETFs
May 31, 2016--CIBC Mellon today announced that it has been selected as asset servicing provider by Mackenzie Financial Corporation (Mackenzie Investments) for four new active fixed income Exchange Traded Funds (ETFs): Mackenzie Core Plus Global Fixed Income ETF, Mackenzie Unconstrained Bond ETF, Mackenzie Floating Rate Income ETF, and Mackenzie Core Plus Canadian Fixed Income ETF.
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Source: CIBC Mellon
Barclays and OFI Global Asset Management to Redeem the Barclays OFI SteelPath Midstream MLP ETN (Ticker: OSMS)
May 31, 2016--Barclays Bank PLC ("Barclays") and OFI Global Asset Management announced today that Barclays will redeem the Barclays OFI SteelPath Midstream MLP Exchange Traded Note (ticker: OSMS) (the "ETNs").
As described in the prospectus and related pricing supplement for the ETNs (together, the "prospectus"), Barclays, as issuer of the ETNs, may redeem the ETNs at its sole discretion on any trading day on or after the inception date until maturity.
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Source: Barclays Bank
Vanguard completes transition of two developed market ETFs to final target FTSE indexes
May 31, 2016--Vanguard Investments Canada Inc., announced today that the TSX-listed Vanguard FTSE Developed All Cap ex U.S. Index ETF (TSX:VDU) and Vanguard FTSE Developed All Cap ex U.S.
Index ETF (CAD-hedged) (TSX:VEF) have fully transitioned to the FTSE Developed All Cap ex US Index and FTSE Developed All Cap ex US Hedged to CAD Index, respectively. Both ETFs will begin tracking their target indexes as of June 1, 201.
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Source: Vanguard
H.R. 1309, Systemic Risk Designation Improvement Act of 2015
May 31, 2016--H.R. 1309 would amend current law to change the process and procedures that federal regulators follow for determining which bank holding companies should be designated as systemically important financial institutions (SIFIs).
Under current law, all banks with consolidated assets exceeding $50 billion are automatically designated as SIFIs. H.R. 1309 would repeal the automatic designation for most banks and establish a new process under which such firms would be designated on a case-by-case basis.
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Source: Congressional Budget Office (CBO)
Ada Investments to Focus on ETF Portfolios With Sale to 55 Capital
May 27, 2016--Ada Investments, a research-driven investment manager offering alternative equities-based investment programs to institutional investors, announced today that it has agreed to sell the firm to 55 Capital, a newly formed asset manager.
The transaction is expected to be completed by mid-June 2016.
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Source: Ada Investments
Purpose Investments Announces the Completion of Conversion of Silver Bullion Trust Into an Exchange-Traded Fund and Offering of ETF Currency Hedged Units
May 26, 2016--Purpose Investments Inc. ("Purpose Investments") is pleased to announce that it has completed the conversion of the Silver Bullion Trust (TSX: SBT) ("SBT" or the "Fund") into an open ended exchange traded fund ("ETF").
The ETF non-currency hedged units of the Fund will commence trading today under the ticker symbol "SBT.B" (CAD dollar denominated) and "SBT.U" (U.S. dollar denominated). The Fund has also qualified for issuance a new class of ETF currency hedged units of the Fund which will commence trading today under the symbol "SBT".
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Source: Purpose Investments Inc.
AdvisorShares Announces Sub-Advisor Change for Float Shrink ETF (TTFS)
May 26, 2016--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Trust's Board of Trustees approved a sub-advisor change for the AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS).
Santa Monica, California-based Wilshire Associates will serve as the new sub-advisor of TTFS, which will retain its ticker symbol and be renamed the AdvisorShares Wilshire Buyback ETF, effective July 1, 2016. The ETF will be managed day-to-day by Wilshire's global investment management business unit, Wilshire Funds Management, which advises on approximately $150 billion.
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Source: AdvisorShares
Following Strong First Quarter The Nasdaq Stock Market(R) Secures 18 New ETP Listings and Switches in April
First Trust, BlackRock, Global X and Amplify Select Nasdaq as Primary Venue for New ETF Listings
May 24, 2016--Nasdaq the single largest U.S. equity exchange by market share, announced six new exchange-traded product (ETP) listings and 12 switches in April, growing Nasdaq's total ETP listings to 259.
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Source: Nasdaq
Bats ETF Marketplace Welcomes New Elkhorn ETF
May 24, 2016--EPRF Begins Trading Today on Bats' U.S. Market
Bats Global Markets, Inc. (Bats: BATS), today welcomed the Elkhorn S&P High Quality Preferred ETF (Bats: EPRF).
EPRF is the second ETF from Elkhorn to be listed on Bats and seeks investment results that generally correspond to the price and yield of the S&P U.S. High Quality Preferred Stock Index.
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Source: Bats Global Markets
