Americas ETP News
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New Year Brings Regulatory Roulette for Advisors, BDs
New rules and new faces add to the uncertainty of which new compliance challenges will take hold in 2016
December 23, 2015--While the expected release in the New Year of the Department of Labor's rule to amend the definition of fiduciary will be top of mind for advisors and broker-dealers, other regulations-as well as new faces at the two regulators that oversee these industries-will add to their compliance challenges in 2016.
A few days before Christmas, staff at the Securities and Exchange Commission released their recommendations on ways the agency should update the accredited investor definition, and the SEC will still be toiling in 2016 on a recommendation to require third-party exams for advisors.
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Source: ThinkAdvisor
BATS ETF Marketplace Welcomes Additional MomentumShares ETF
MomentumShares International Quantitative Momentum ETF Began Trading Today
December 23, 2015--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), welcomes the MomentumShares International Quantitative Momentum ETF (BATS: IMOM), which began trading today on BATS Exchange.
The MomentumShares International Quantitative Momentum ETF invests primarily in the exchange-listed common stock of international companies.
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Source: BATS Global Markets, Inc.
Alpha Architect Launches MomentumShares International Quantitative Momentum ETF (IMOM)
December 23, 2015--IMOM is a systematic, transparent, and high-conviction momentum strategy focused on international stocks, and complements the recent U.S. equity QMOM offering
Alpha Architect today announced that it has launched its fourth active exchange-traded fund, the MomentumShares International Quantitative Momentum ETF (Ticker: IMOM).
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Source: MOMENTUMSHARES
AdvisorShares Active ETF Report: Highs and Lows
Month ending 11.30.2015
December 22, 2015--There were two new funds listed in November, which brings the total number of actively managed ETFs trading to 135. Assets in actively managed ETFs increased by $359 million, or 1.64%, to $22.2 billion.
The largest outflows came from the Alternative category, which decreased by $74 million. Global Bond again led asset growth at the category level with $106 million, which has been the case for past months, and attributable to State Street’s growth.
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Source: AdvisorShares
CFTC and Hong Kong Securities and Futures Commission Sign Memorandum of Understanding to Enhance Supervision of Cross-Border Regulated Entities
December 22, 2015--The U.S. Commodity Futures Trading Commission (CFTC) announced that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer Ashley Alder regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that
operate on a cross-border basis in the United States and in Hong Kong.
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Source: CFTC.gov
Consumer, business spending support U.S. third-quarter growth
December 22, 2015--The U.S. economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its resilience despite a raft of headwinds.
Gross domestic product grew at a 2.0 percent annual pace, instead of the 2.1 percent rate reported last month, the Commerce Department said in its third estimate on Tuesday
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Source: Reuters
SEC exam questions dive deeply into retirement-account advice
Through its queries to financial advisers, the regulator is asserting its presence in an area normally associated with the Labor Department
December 22, 2015--The Securities and Exchange Commission is diving deeply into the retirement-account advice that investment advisers and brokers are giving to their clients, asserting the agency's presence in an area normally associated with the Labor Department.
As part of its examination sweep, the SEC is sending to financial advisers a 13-page information request that includes 75 queries.
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Source: investmentnews.com
The National Stock Exchange Re-Launches Trading Operations
A No-Conflict Exchange Focused on Clients and Innovation
New Fee Structure Immediately Delivers Client Savings
December 22, 2015--This morning the National Stock Exchange, Inc. ("NSX") re-launched trading operations for equity securities and ETFs.
The NSX is now under the direction of a new ownership group and management team, which recapitalized and restructured NSX after it ceased trading operations in May 2014.
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Source: National Stock Exchange, Inc.
Invesco PowerShares Announces Changes to ETF Product Lineup
December 22, 2015-Invesco PowerShares Capital Management LLC, a leading
global provider of exchange-traded funds (ETFs) with more than $100 billion in franchise assets, announced today changes to its product lineup.
As part of the firm's commitment to aligning its fund offerings to meet an evolving investment landscape, Invesco
PowerShares announced it will change the underlying indexes, but not the index provider for four ETFs.
view more>a? J.P. Morgan Asset Management Expands ETF Suite with European Equity ETF: JPEU view more
Source: Invesco PowerShares Capital Management LLC
strategy provides European equity exposure with potential for better risk-adjusted returns
December 21, 2015--J.P. Morgan Asset Management announced that its newest ETF, the JPMorgan Diversified Return Europe Equity ETF (JPEU), will officially begin trading today. Further expanding J.P. Morgan's strategic beta suite, JPEU is the fifth product offered since the launch in June 2014.
JPEU is designed to serve as the foundation of a developed Europe equity portfolio, combining portfolio construction with stock selection in an effort to produce higher returns with lower volatility than traditional market cap-weighted indices.
Source: J.P. Morgan Asset Management
