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Guggenheim Introduces Large Cap Optimized Diversification ETF
April 19, 2016--Seeks to optimize diversification through selecting low-correlated large-cap stocks and weighting them by correlation and risk.
Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of Guggenheim Large Cap Optimized Diversification ETF (NYSE Arca:OPD).
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Source: Guggenheim Investments
Global X Launches S&P 500 Catholic Values ETF
April 19, 2016--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X S&P 500(R) Catholic Values Index ETF (Nasdaq: CATH).
Global X listened to the needs of investment professionals to develop a custom investment solution, which tracks an index developed by S&P Dow Jones Indices.
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Source: Global X
Sphere Investments Announces the Launch of the Sphere FTSE Asia Sustainable Yield Index ETF and Sphere FTSE Europe Sustainable Yield Index ETF
April 19, 2016--Sphere Investments is pleased to announce the launch of Sphere FTSE Asia Sustainable Yield Index ETF and Sphere FTSE Europe Sustainable Yield Index ETF (the "Sphere ETFs").
Each Sphere ETF closed its initial offering of Units, and those Units will begin trading on the Toronto Stock Exchange (the "TSX") today.
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Source: Sphere Investments
ETFs' 'Spider Woman' Argues for a Bitcoin Fund
Kathleen Moriarty, a top lawyer in the ETF business, intends to convince regulators that a bitcoin ETF is appropriate for the market
April 19, 2016--When one of the first exchange-traded funds launched in 1993, securities lawyer Kathleen Moriarty received a gift from her legal assistant: a Spider-Man comic-book cover altered to depict the superhero facing off against a hulking Securities and Exchange Commission.
Twenty-three years later, Ms. Moriarty's ability to navigate the arcane rules that govern financial markets and products has built her a reputation as a top lawyer in the ETF business and earned her the nickname "Spider Woman."
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Source: Wall Street Journal
Direxion Announces Reverse Splits of Two Leveraged ETFs
April 15, 2016--Direxion has announced it will execute reverse share splits for two of its leveraged exchange-traded funds ("Funds").
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 Investments
Sphere Investments Announces the Launch of Sphere FTSE Canada Sustainable Yield Index ETF
April 15, 2016--Sphere Investments is pleased to announce the launch of the Sphere FTSE Canada Sustainable Yield Index ETF (the "Sphere ETF").
The Sphere ETF has closed the initial offering of its Units, and those Units will begin trading on the Toronto Stock Exchange (the "TSX") today.
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Source: Sphere Investments
Treasury International Capital Data for February
April 15, 2016--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2016. The next release, which will report on data for March 2016, is scheduled for May 16, 2016.
The sum total in February of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $33.5 billion. Of this, net foreign private inflows were $62.3 billion, and net foreign official outflows were $28.7 billion.
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Source: U.S. Department of the Treasury
CFTC.gov Commitments of Traders Reports Update
April 15, 2016--The current reports for the week of April 12, 2016 are now available.
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Source: CFTC.gov
SEC Adopts Business Conduct Standards for Security-Based Swap Dealers and Major Security-Based Swap Participants
April 15, 2016--The Securities and Exchange Commission voted on April 13 to adopt final rules implementing a comprehensive set of business conduct standards and chief compliance officer requirements for security-based swap dealers and major security-based swap participants (security-based swap entities).
The final rules are adopted under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which authorizes the Commission to implement a framework for regulating the over-the-counter security-based swap markets.
view Final Rule-Business Conduct Standards for Security-Based Swap Dealers and Major Security-Based Swap Participants
Source: SEC.gov
First Trust to Launch the First Trust RiverFront Dynamic International ETFs
Three dynamic international ETFs actively managed by RiverFront Investment Group LLC
April 14, 2016--First Trust Advisors L.P. ("First Trust") announced today that they have launched three new exchange-traded funds ("ETFs"), First Trust RiverFront Dynamic Europe ETF (Nasdaq: RFEU), First Trust RiverFront Dynamic Asia Pacific ETF (Nasdaq: RFAP), and First Trust RiverFront Dynamic Developed International ETF (Nasdaq: RFDI) (the "Funds" and each a "Fund").
The Funds will seek to provide capital appreciation through exposure to global economies and the opportunities they represent. The ETFs are actively managed by RiverFront Investment Group, LLC (“RiverFront”) using their proprietary methodology, which employs a quantitative and qualitative ranking system based on factors that include value, quality and momentum.
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Source: First Trust
