Americas ETP News
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SEC-Fee Rate Advisory #4 for Fiscal Year 2016
February 25, 2016--Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2016 is not required.
These adjustments do not directly affect the amount of funding available to the SEC.
The Section 31 fee rate for fiscal 2016 will remain at the current rate of $21.80 per million, as previously announced on Jan. 7, 2016.
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Source: SEC.gov
Bats Promotes Tony Barchetto to Executive VP, Head of Corporate Development
February 24, 2016--Bats Global Markets (Bats) today announced the promotion of Tony Barchetto to Executive Vice President, Head of Corporate Development, effective immediately
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Source: Bats Global Markets, Inc.
WisdomTree Launches CBOE S&P 500 PutWrite Strategy Fund (PUTW)
PUTW Offers Strategy for Potential Volatility Mitigation & Potential for Higher Risk-Adjusted Returns Compared to S&P 500 Index
PUTW Tracks Index with Live Track Record Since 2007
February 24, 2016--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the CBOE S&P 500 PutWrite Strategy Fund (PUTW), on the NYSE Arca.
PUTW seeks to provide investment results that, before fees and expenses, generally correspond to the performance of the CBOE S&P 500 PutWrite Index (PUT) and has a net expense ratio of 0.38%.1
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Source: WisdomTree
ETF Industry Veteran Christian Magoon Formally Launches Amplify(R) Exchange Traded Funds
Multi-Faceted ETF Platform Built to Offer Innovative, First-to-Market Concepts
February 24,2016--Amplify Investments, a registered investment advisor (RIA) founded by ETF industry veteran Christian Magoon, announces the launch of Amplify(R) Exchange Traded Funds (Amplify ETFs), a platform built to introduce innovative investment strategies and market segments into the ETF marketplace.
Amplify's team of highly experienced professionals seeks to provide a full range of marketing, distribution and operational support to distinguish itself in the increasingly competitive ETF landscape.
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Source: Amplify
Research Affiliates-How Can "Smart Beta" Go Horribly Wrong?
This is the first of a series on the future of smart beta.
February 24, 2016--Key Points
1. Factor returns, net of changes in valuation levels, are much lower than recent performance suggests.
2. Value-add can be structural, and thus reliably repeatable, or situational-a product of rising valuations-likely neither sustainable nor repeatable.
3. Many investors are performance chasers who in pushing prices higher create valuation levels that inflate past performance, reduce potential future performance, and amplify the risk of mean reversion to historical valuation norms.
4. We foresee the reasonable probability of a smart beta crash as a consequence of the soaring popularity of factor-tilt strategies.
Because active equity management has largely failed to deliver on investors' expectations,1 investors have acquired a notable appetite for any ideas that seem likely to boost returns.
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Source: Research Affiliates
Franklin Templeton Investments Expands Global ETF Team
February 24, 2016--Franklin Templeton Investments today announced two new hires for its global exchange traded funds (ETFs) team.
David Mann has joined as senior vice president, head of global ETFs capital markets, and will serve as the primary ETF liaison with all liquidity providers, including authorized participants, market makers and broker dealers, for both primary and secondary market ETF activities.
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Source: Franklin Templeton
Purpose Investments Expands Its Innovative Cash Product Family With Two New Funds
February 24, 2016--Purpose Investments Inc. is pleased to announce the launch of the Purpose US Cash ETF (TSX:PSU.U) (the "Fund") and the Purpose Premium Money Market Fund.
The initial public offering of the Fund's ETF units has closed and the ETF units will commence trading on the Toronto Stock Exchange today under the ticker symbol "PSU.U".
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Source: Purpose Investments Inc.
Investor Confidence Falls in February by 2.2 Points to 106.5
February 23, 2016--State Street Global Exchange today released the results of the State Street Investor Confidence Index® (ICI) for February 2016.
The Global ICI decreased to 106.5, down 2.2 points from January's revised reading of 108.7. The decline in sentiment was driven by a decrease in the European ICI from 103.4 to 90.2. In contrast, the Asian ICI increased by 9.2 points to 111.9 while the North American ICI rose from 108.9 to 109.3.
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Source: State Street Corporation
Bats Receives SEC Approval for Client Suspension Rule
Will Assist Bats Exchanges in Quickly Stopping Customers Engaging in Manipulative Behavior
February 23, 2016--Bats Global Markets (Bats) received Securities and Exchange Commission approval of the Bats Client Suspension Rule, assisting the company in taking swifter action to prohibit manipulative behavior, such as spoofing and layering, on the Bats Exchanges.
Tensions linger among Dems over financial adviser rule
February 23, 2016--Several House Democrats are airing their grievances with the Obama administration's attempt to crack down on the work of retirement investment advisers.
With the regulatory initiative nearing the finish line, some lawmakers continue to express deep reservations with the "fiduciary rule" that is intended to protect people from unscrupulous financial advisers.
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Source: The Hill
