Americas ETP News
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Cambria Launches Sovereign High Yield Bond ETF
New fund provides smart beta approach to global bonds
February 23, 2016--The Cambria ETF Trust and its investment manager, Cambria Investment Management, LP, today launched the Cambria Sovereign High Yield Bond ETF (Ticker: SOVB).
This is the firm's seventh fund in Cambria's suite of ETFs, as well as Cambria's first entry into fixed income.
SOVB, listed on the NYSE Arca exchange, applies the Cambria's core principles of value investing to fixed income by buying and holding attractively priced foreign government bonds with high yield characteristics.
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Source: Cambria Investment Management
ISE Mercury Completes Second Successful Product Rollout
February 23, 2016--The International Securities Exchange Holdings, Inc. (ISE Holdings) today announced that as part of its initial rollout process, ISE MercuryTM has completed a rollout of fifty additional options products.
ISE Mercury now lists 62 products for trading, following its successful launch on February 16, 2016.
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Source: International Securities Exchange Holdings, Inc. (ISE Holdings)
Bats Welcomes the Pacer Global High Dividend ETF
February 23, 2016--Bats Global Markets (Bats), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed the Pacer Global High Dividend ETF (Bats: PGHD), which began trading today on The Bats ETF
Marketplace.
The Pacer Global High Dividend ETF seeks to track the total return
performance, before fees and expenses, of the Pacer Global Cash Cows Dividends 100 Index.
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Source: Bats Global Markets, Inc.
BlackRock Warns Bond Traders They're Underestimating the Fed
February 22, 2016--Koesterich says strengthening inflation may help prompt Fed
Traders see less than 50% chance of rate increase in 2016
BlackRock Inc., the world's biggest money manager, is warning bond investors they're not prepared for the Federal Reserve to raise interest rates.
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Source: Bloomberg
VanEck Announces Successful Reorganization of Two MLP ETFs
YMLI and YMLP begin trading today as VanEck ETFs, expanding the firm's ETF offerings into the MLP space
February 22, 2016--VanEck, Yorkville ETF Advisers, LLC, and Exchange Traded Concepts LLC have completed the previously announced reorganization of two master limited partnership (MLP) exchange-traded funds, it was announced today.
Yorkville High Income MLP ETF and Yorkville High Income Infrastructure MLP ETF have been reorganized as Market Vectors High Income MLP ETF (NYSE Arca: YMLP) and Market Vectors High Income Infrastructure MLP ETF (NYSE Arca: YMLI), respectively.
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Source: VanEck
BlackRock ETP Landscape January
February 19, 2016--U.S. ETP FLOWS HIGHLIGHTED BY STRENGTH FOR FIXED INCOME AND COMMODITIES
U.S. ETPs shed ($49m) in January as flows to safe-haven Treasuries were offset by redemptions in U.S. large cap and emerging market equities
Commodity funds gathered $3.2bn, the best flows since last February, fueled by crude oil and gold funds
U.S. equity ETPs shed ($11.4bn) reflecting concerns over growth and falling corporate earnings estimates in the U.S.
Flagging growth in China coupled with a drop in crude oil prices drove outflows from broad emerging markets equity funds of ($2.2bn)
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Source: BlackRock ETP Research
Direxion Announces Reverse and Forward Share Splits of Ten Leveraged ETFs
February 19, 2016--Direxion has announced it will execute reverse share splits for eight of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another two leveraged ETFs.
The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
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Source: Direxion
Schwab ETF OneSourceTM Shares Compelling View of the ETF Industry
February 18, 2016--Interactive Microsite Reveals Key Trends on Third Anniversary of Largest Commission-Free ETF Program
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Source: Schwab ETF OneSource
UBS ETRACS launches Exchange Traded Note on S&P GSCI Crude Oil Total Return Index
February 18, 2016--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca(R) for a new ETN: the ETRACS S&P GSCI Crude Oil Total Return Index ETN (NYSE Arca(R): OILX).
OILX is linked to the performance of the S&P GSCI Crude Oil Total Return Index.
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Source: UBS
NY Fed warns asset managers are vulnerable to 'runs'
February 18, 2016--The New York Federal Reserve has warned that asset managers are vulnerable to quasi-bank runs that can cause "significant negative spillovers" across financial markets.
The combination of deteriorating trading conditions-especially in corporate bonds-combined with the swelling of the US mutual fund industry that promises investors the ability to redeem money at a moment's notice has become an increasing concern for some policymakers, fund managers and analysts.
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Source: FT.com
