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You have heard of ETFs, now say hello to the PTF
March 14, 2016--It is 26 years since Canada started the $3 trillion exchange-traded funds revolution when the Toronto Stock Exchange listed the Toronto 35 Index Participation fund.
It took three years for the US to take advantage of the innovation, starting with State Street's launch of the SPDR S&P 500 ETF.
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Source: Financial News
Excerpts: Report on Financial Crisis
March 14, 2016--Excerpts from new documents on the 2008 financial crisis reveal some unusually frank assessments and admissions by key figures
New documents on the 2008 financial crisis reveal some unusually frank assessments and admissions by key figures. Here are some excerpts from the documents, released Friday by the National Archives following a five-year embargo.
Warren Buffett didn't see the bubble Of the nearly 200 interview transcripts released Friday, one of the most striking is the full transcript of a May 26, 2010, interview with Warren Buffett on the...
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Source: Wall Street Journal
Emerging Global Advisors Announces EGShares EM Strategic Opportunities ETF (EMSO)
Formerly EGShares Emerging Markets Domestic Demand ETF (EMDD),br>March 17, 2016--Emerging Global Advisors (EGA), the investment advisor to the EGShares exchange-traded funds, today announced that on March 1, 2016 the EGShares Emerging Markets Domestic Demand ETF (EMDD) was renamed the EGShares EM Strategic Opportunities ETF (EMSO).
Additionally, the Fund's underlying index' the S&P Emerging Markets Domestic Demand Index' was renamed the S&P Emerging Markets Strategic Opportunities Index. The Fund's expense ratio is 0.65% net and 0.85% gross.1
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Source: Emerging Global Advisors
State Street Global Advisors Announces Reverse ETF Share Splits
March 11, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced reverse share splits on two municipal bond SPDR ETFs.
Reverse splits lower the number of shares outstanding and increase the funds' share price. The aggregate market value of shares outstanding is not impacted.
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Source: State Street Global Advisors
State Street Global Advisors Announces Reverse ETF Share Splits
March 11, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced reverse share splits on two municipal bond SPDR ETFs.
Reverse splits lower the number of shares outstanding and increase the funds' share price. The aggregate market value of shares outstanding is not impacted.
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Source: State Street Global Advisors
BlackRock on the hook for gold ETP gaffe
March 10, 2016--BlackRock faces potential regulatory penalties as well as forced buybacks of shares in its iShares Gold Trust after temporarily halting share creations in the exchange traded product last week.
In a regulatory filing this week, the firm disclosed that it accidentally sold 24.9m more Gold Trust shares than it had registered with regulators between February 19 and March 3.
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Source: FT.com
Invesco PowerShares Launches DWA Tactical Multi-Asset Income Portfolio (DWIN)
March 10, 2016--Based on Dorsey, Wright & Associates (DWA) Multi-Asset Income Index
DWIN Investments Selected Using a Combination of Relative Strength and Current Yield
Invesco PowerShares Capital Management, LLC, a leading global
provider of exchange-traded funds (ETFs), announced today the launch of the PowerShares DWA
Tactical Multi-Asset Income Portfolio (DWIN). Dorsey, Wright & Associates (DWA) is a registered
investment advisory firm based in Richmond, Virginia.
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Source: Invesco PowerShares
First Video Game Technology ETF Launches Today
March 9, 2016--PureFunds(R)Video Game Tech (ticker: GAMR) launches today on NYSE Arca
ISE ETF Ventures and EE Fund Management are fund partners
Factor Advisors, a subsidiary of ETF Managers Group, in partnership with PureFunds(R) ISE ETF Ventures, and EE Fund Management, today launches the PureFunds Video Game Tech ETF (ticker: GAMR). GAMR, the first exchange-traded fund dedicated to video game technology, begins trading today on NYSE Arca and has an expense ratio of 0.75 percent.
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Source: Pure Funds
PureFunds(R)Drone Economy Strategy ETF (ticker: IFLY) Launches Today
March 9, 2016--Industry leaders Pure Funds, ISE ETF Ventures, Reality Shares(R), ETF Managers Group and DRONELIFE partner for ETF
March ETF is listed on NYSE Arca with an expense ratio of 0.75 percent
Factor Advisors, a subsidiary of ETF Managers Group, alongside PureFunds(R), ISE ETF Ventures, Reality Shares(R), and DRONELIFE, today launches the PureFunds Drone Economy Strategy(TM)ETF (ticker: IFLY), the first exchange-traded fund providing access to companies designing, manufacturing, and researching drones and drone technology.
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Source: PureFunds
A reason for the 'Fear Gauge' to be afraid? Meet the new VIX competitor
March 9, 2016--Exchange operator Bats Global Markets and indexing firm T3 Index on March 8 launched a volatility index that will compete with the market's main 'fear gauge', the CBOE Volatility Index.
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Source: Financial News