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NYSE Seeks Fast Track for Some ETFs-Again
Competition for listings has heated up in recent months
November 20, 2015--The New York Stock Exchange is again trying to gain regulators' approval to fast-track listings of actively managed exchange-traded funds.
The exchange, where most of the ETFs in the U.S. are listed, this month filed a proposal with the Securities and Exchange Commission to create a "generic" standard to list actively managed funds-guidelines that could slash the time and cost of getting these products to market. The SEC disclosed the filing on Friday.
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Source: Wall Street Journal
Dangling the listing carrot
November 20, 2015--Competition between stock exchanges to attract exchange traded funds is heating up.
In October, Bats Global Markets announced its Issuer Incentive Program that will pay ETF providers to list their products on its US exchange
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Source: Financial News
Infographic-The Market Has No Bite Without the "FANG" Stocks [Chart]
November 20, 2015--Facebook, Amazon, Netflix, and Google created over $440 in value over 2015
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
In the sixth year of the bull run, the U.S. large cap market has had its ups and downs. The S&P 500 peaked at 2134.7 in the early summer months, and promptly collapsed to 1867 points during the August flash crash.
Today, it's back in black, but only trading just over 1% higher than it started the year.
The only reason that has made this possible is the legendary performance of four tech stocks: Facebook, Amazon, Netflix, and Google (now called "Alphabet Inc."). Together, the "FANG" stocks have created an impressive $440 billion in market capitalization since January.
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Source: visualcapitalist.com
World's First Broad Based, Diversified, Socially Responsible And Fossil-Free Exchange-Traded Fund That Does Not Have Exposure To The Energy Sector Launches On The New York Stock Exchange
November 19, 2015--Etho Capital releases ETHO (NYSEArca: ETHO) in partnership with ETF Managers Group as the first index ETF to exclude all fossil fuel companies and the first public investment product to select equities based on climate efficiency while rigorously screening for social responsibility.
ETHO (NYSEArca: ETHO), the first broad based, diversified, socially responsible and fossil-free exchange-traded fund that does not have exposure to the energy sector on the New York Stock Exchange, was successfully launched today by investment management company Etho Capital in partnership with Factor Advisors, a subsidiary of ETF Managers Group.
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Source: Etho Capital; Factor Advisors; ETF Managers Group
WisdomTree Launches Global Hedged SmallCap Dividend ETF (HGSD)
HGSD Offers Opportunity to Access Dividends of Global Small Caps
while Neutralizing Currency Exposure
November 19, 2015--WisdomTree, an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the WisdomTree Global Hedged SmallCap Dividend Fund (HGSD) on the BATS Exchange.
HGSD seeks to provide exposure to dividend-paying, small-capitalization companies in the U.S., developed and emerging markets while neutralizing exposure to fluctuations of foreign currency movements relative to the U.S. dollar. HGSD has an expense ratio of 0.43%.
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Source: WisdomTree
How CBO Estimates the Automatic Stabilizers: Working Paper 2015-07
November 19, 2015--Federal receipts and outlays regularly respond to cyclical movements in the economy. When the economy is operating below its potential, personal income and other tax bases are depressed, causing revenues to be lower than if the economy was operating at its potential. At such times, outlays for unemployment insurance benefits and other types of transfer programs are elevated.
By contrast, when the economy is operating above its potential, revenues are higher and transfer payments are lower than would be the case if the economy was operating at its potential. Those "automatic stabilizers" thus tend to dampen the size of cyclical movements in the economy, by supporting or restraining private spending.
view the How CBO Estimates Automatic Stabilizers
Source: Congressional Budget Office (CBO)
CBO's Assessment of the Economic Outlook Over the Next Decade
November 19, 2015--Presentation by Wendy Edelberg, CBO's Assistant Director for Macroeconomic Analysis, at the University of Michigan's 63rd Annual Economic Outlook Conference.
Under current law, CBO expects economic activity to expand modestly this year, to grow at a more solid pace in 2016 and 2017, and then to moderate in subsequent years.
view the CBO's Assessment of the Economic Outlook Over the Next Decade
Source: Congressional Budget Office (CBO)
Minutes of the Federal Open Market Committee, October 27-28, 2015
November 18, 2015--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 27-28, 2015.
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Source: federalreserve.gov
SEC Proposes Rules to Enhance Transparency and Oversight of Alternative Trading Systems
November 18, 2015--The Securities and Exchange Commission today announced it has voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS stocks), including "dark pools."
"Investors and other market participants need more and better information about how alternative trading systems work," said SEC Chair Mary Jo White. "The proposed changes would represent a critical step forward in delivering greater transparency to investors and enhancing equity market structure."
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Source: SEC.gov
AGF Takes Ownership Stake in ETF Strategist FFCM
November 17, 2015--Strategic acquisition will strengthen AGF's quantitative capabilities
AGF Management Limited (AGF) today announced that it acquired the majority of the equity of FFCM LLC (FFCM), a Boston-based ETF advisor and asset management firm whose expertise is delivered through a family of alternative and smart-beta ETFs and a number of ETF managed solutions
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Source: research.tdwaterhouse.ca
