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Charles Schwab joins iShares in slashing fees on ETFs
November 10, 2015--Two top asset managers said Tuesday they are slashing costs on some of their exchange-traded funds, ushering in a new level of low fees for investors in funds that track the stock market.
BlackRock Inc, the largest manager of ETFs through its iShares brand, said it is cutting fees on seven of its over 700 exchange-traded funds.
Warren and Cummings Investigation Finds That Repeal of Dodd-Frank Provision Now Allows Banks to Keep Nearly $10 Trillion in Risky Trades on Books
November 10, 2015--Today, United States Senator Elizabeth Warren (D-Mass.) and Rep. Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, released new information about their investigation into the risks posed to taxpayers and the economy after last year's partial repeal of Section 716 of the Dodd-Frank Act.
Section 716 was originally designed to prevent taxpayer bailouts of federally-insured banks with risky swaps holdings, but was repealed during passage of the 2014 "Cromnibus."
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Source: warren.senate.gov
AlphaClone Launches International ETF
November 10, 2015--AlphaClone, Inc. ("AlphaClone"), a pioneer in building accessible, alpha-seeking investment strategies for long-term investors, today launched the AlphaClone International ETF (NYSE:
ALFI), which tracks the AlphaClone International Downside Hedged Index that was unveiled last week.
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Source: The Street
FlexShares Launches Two Currency Hedged Factor Tilt Index ETFs
November 10, 2015--New ETFs track Morningstar indexes and provide hedged exposure to TILT suite of funds
FlexShares(R) Exchange Traded Funds, sponsored and managed by Northern Trust, today introduced two new currency hedged ETFs that complement its developed market and emerging market tilt products-the FlexShares(R) Currency Hedged Morningstar(R) DM ex-US Factor Tilt IndexSM Fund and the FlexShares(R) Currency Hedged Morningstar(R) EM Factor Tilt IndexSM Fund.
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Source: FlexShares
Infographic-Watch the U.S. Electricity Grid Evolve Before Your Eyes
November 10, 2015--In a previous post, we looked at the evolution of America's energy supply, showing how the country's energy mix has changed from 1776 until today.
There were many changes in technology and society over this extended time period, and the changes are quite eye-opening. Wood dominated until steam engine technology developed, and coal took over. Then electricity was discovered, and that gave rise to generating power in all kinds of ways: nuclear, hydro, gas, wind, solar, and more.
While the magnitude of such changes is obvious over centuries, there is even a surprising number of developments just in recent decades.
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Source: visualcapitalist.com
Vanguard Steps Into Muni-Bond Indexing
The fund giant's first muni-bond index fund has had a quiet debut
November 8, 2015--Long associated with index funds, Vanguard Group didn't launch its first municipal-bond index fund until this past August.
At an annual cost of 0.12%, Vanguard Tax-Exempt Bond ETF (VTEB) tracks the S&P National AMT-Free Municipal Bond Index, the same one tracked by iShares National AMT-Free Muni Bond ETF (MUB), which has a 0.25% expense ratio.
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Source: Wall Street Journal
WisdomTree Cross-Lists 3 Additional ETFs in Mexico
Company Further Extends Global Reach in Latin America
November 9, 2015--
WisdomTree Investments, Inc., an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced that an additional three WisdomTree ETFs have been listed on The Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), S.A.B. de C.V.
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Source: MarketWatch
Dash for debt ahead of US rate rise
November 8, 2015--A spate of jumbo corporate debt offerings has lifted US issuance to a record high as companies seek to lock in financing to fund multibillion-dollar acquisitions before
the Federal Reserve lifts rates for the first time since the financial crisis.
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Source: FT.com
Algo traders, regulators and the age of the 'Wall Street' second
November 6, 2015--Don Henley sang that "in a New York minute, everything can change". On Wall Street, a second is all it takes these days.
Immense progress in computing has revolutionised every industry in recent decades, including asset management and market-making.
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Source: FT.com
OTC Derivatives Regulators Deliver Report to the G20 Leaders
November 6, 2015--The OTC Derivatives Regulators Group (ODRG) delivered a report today to the G20 Leaders that provides an update regarding the ODRG's continuing effort to identify and resolve cross-border issues associated
with the implementation of the G20 OTC derivatives reform agenda.
view the Report of the OTC Derivatives Regulators Group (ODRG) on Cross-Border Implementation Issues
Source: CFTC.gov