Americas ETP News
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55 Capital Launches Suite of Dynamically Managed Strategies Using ETFs
Industry Veterans Kranefuss and Nair Bring Institutional Expertise to Deliver Portfolios to Advisors and Investors
July 25, 2016--55 Capital, an investment manager delivering dynamically managed portfolios using ETFs, announced today the launch of its inaugural suite of strategies designed to provide advisors and investors with portfolios utilizing sophisticated, well-documented techniques broadly used by institutional investors to manage risk and enhance returns.
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Source: 55 Capital
SEC to Fast-Track Active ETFs
Move is win for Bats Global Markets and New York Stock Exchange, which compete for listing of such funds
July 22, 2016--The Securities and Exchange Commission moved to expedite the approval of exchange-traded funds run by human stock and bond pickers, a boost for the fast-expanding ETF industry.
The SEC on Friday approved "generic" listing standards for actively managed ETFs, guidelines that aim to cut months off the process of bringing these funds to market.
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Source: Wall Street Journal
NYSE Successfully Petitions for a Simplified Listing Process for Actively Managed Exchange Traded Funds (ETFs)
July 22, 2016--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today announced receipt of Securities and Exchange Commission (SEC) approval to streamline the listing process for certain actively managed ETFs.
Since 2000, NYSE has worked collaboratively with the industry and the SEC to simplify the listing process for issuers. Effective immediately, many actively managed funds will be able to list new ETF products without a separate filing with the SEC under SEC Rule 19b-4,1 a process that can create uncertainty for the issuer. This change will align the launch process for index-based and actively managed ETFs.
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Source: Intercontinental Exchange
RiverFront Investment Group Launches RiverShares Asset Allocation Models Comprised Solely of their Sub-Advised Exchange-Traded Funds
July 21, 2016--RiverFront Investment Group ("RiverFront") has launched the RiverShares series of asset allocation model portfolios.
RiverShares models consist solely of actively managed exchange-traded funds ("ETFs"), which are sub-advised by RiverFront and pay the same annual sub-advisory fee of 0.35% to RiverFront.
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Source: RiverFront
Nasdaq Leads All US Listing Exchanges with 38 Percent of ETP Listings and Switches in the Second Quarter of 2016
July 21, 2016--Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced 13 new ETP listings in June, further establishing itself as the foremost listing and trading venue for exchange-traded products (ETPs).
For the second quarter in a row, Nasdaq led all other US exchanges and captured 38 percent of ETP listings and switches with 36 products in total.
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Source: Nasdaq.com
Emerging Global Advisors Survey Finds Growing Optimism Among Investors in Emerging Markets
July 21, 2016--Emerging Global Advisors (EGA) today announced the results of its latest Emerging Markets (EM) Investor Sentiment Survey, a quarterly poll of asset managers and financial advisors focusing on their sentiment and equity allocations to emerging markets.
The EGA EM Investor Sentiment score increased 28% from 538 in the first quarter of 2016 to 687 in the second quarter of 2016. Scores range from 0 (most negative) to 1,000 (most positive).
With emerging markets leading other equity regions in the first half of 20161, investors are showing growing interest in increasing portfolio allocations to EM. Key findings:
"Positive" was the most common answer (47%) for respondents' outlook for EM equities over the next 12 months, followed by "Neutral" (43%). This is a change from 1Q2016 when "Neutral" was the most common answer.
view the EGA EM Investor Sentiment Survey-Conducted in 2Q16
Source: Emerging Global Advisors
AdvisorShares Active ETF Report: Slight Declines Overshadowed by Overall Growth
Month ending 06.30.2016
July 19, 2016--Assets in actively managed ETFs increased by $974 million, or 3.8%, to $26.378 billion. In June, five new funds launched and one fund closed for a net increase of four funds, which takes the total of actively managed ETFs currently trading to 147.
First Trust and State Street led gains with each garnering $242 million.
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Source: AdvisorShares
Report puts cost of Dodd-Frank at $36 billion
July 20, 2016--Regulations from the Wall Street financial reform law have imposed more than $36 billion in costs on the economy and have created 73 million paperwork hours, according to a new report from the conservative American Action Forum.
The report, which comes a day before Dodd-Frank's sixth anniversary, found that the law costs about $112 per person or $310 per household, and it would take 36,950 employees working full-time to complete the paperwork required by the law in a single year.
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Source: thehill.com
O'Shares ETFs and NYSE-listed ETF OUSA, celebrate one-year anniversary with strong growth, outperforming the S&P 500 by +10.6%(1)
July 19, 2016--The O'Shares FTSE US Quality Dividend ETF (NYSE ticker OUSA) outperformed the S&P 500 by +10.6% in the twelve months since listing on the NYSE one year ago (inception date, July 14th, 2015)1, attracting strong asset growth from a range of institutional and retail investors.
The portfolio of OUSA owns 140 U.S. large cap dividend stocks selected for Quality, Low Volatility, Yield and Diversification, based on an index developed for O'Shares ETF Investments by FTSE Russell, a global leader in index strategies.
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Source: O'Shares
ARK Investment Management Launches The 3D Printing ETF (PRNT) On The BATS ETF Marketplace
July 19, 2016--ARK Investment Management LLC (ARK), a New York based federally registered investment adviser that offers registered and unregistered investment products focused on disruptive innovation, including a suite of exchange-traded funds (ETFs), today launched The 3D Printing ETF (Bats: PRNT).
PRNT is the first, and only, ETF in the U.S. to focus solely on the 3D printing ecosystem. PRNT is listed on the BATS ETF Marketplace and will rebalance on a quarterly basis.
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Source: ARK Investment Management LLC
