Americas ETP News
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Robo-advisor Wealthsimple launches Responsible Investment Portfolios
Canadian fintech leader targets socially conscious investors, launches responsible investment portfolio options
March 22, 2016--Wealthsimple, Canada's leading online investing service, announced they have launched responsible investment portfolios.
In recent years, the demand for clients looking to align their values with their investments has increased dramatically. SRI has grown tenfold over the past 20 years-there are now $22 trillion in assets worldwide in SRI funds. In Canada alone, SRI accounts for 20% of all financial assets.
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Source: Wealthsimple
'Godfather of smart beta' defends attack
March 18, 2016--Rob Arnott is used to antagonising people. But even he is surprised by the anger he has generated from senior executives and academics in the investment industry.
They have taken exception to his warnings published in a study last month that smart beta, an investment strategy that sits between active and passive management, could go "horribly wrong".
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Source: FT.com
First Trust Dividend and Income Fund's Board Approves Merger into First Trust High Income ETF, an Actively Managed Exchange-Traded Fund
March 18, 2016--First Trust Advisors L.P. ("FTA") announced today that the Board of Trustees of First Trust Dividend and Income Fund (NYSE: FAV), a closed-end fund managed by FTA, approved the merger of FAV into First Trust High Income ETF (Nasdaq: FTHI), a series of First Trust Exchange-Traded Fund VI (the "Trust"), and an actively managed exchange-traded fund ("ETF") managed by FTA.
The merger has also been approved by the Board of Trustees of the Trust. FTHI will be the surviving fund.
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Source: First Trust Advisors
SEC Expected to Delay Decision on Trading Venue IEX Until June
March 17, 2016--SEC is expected to use unusual procedure to delay decision over objections of IEX, according to sources
U.S. securities regulators are preparing to again delay a decision on whether to grant upstart trading venue IEX Group Inc.'s request to become a full-fledged stock exchange, according to people familiar with the matter.
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Source: Wall Street Journal
First Trust to Launch First Trust Dorsey Wright Dynamic Focus 5 ETF
March 17, 2016--An index-tracking ETF based on Dorsey Wright's systematic momentum strategy with the ability to allocate to cash equivalents
First Trust Advisors L.P. ("First Trust") expects to launch a new exchange-traded fund ("ETF"), the First Trust Dorsey Wright Dynamic Focus 5 ETF (Nasdaq: FVC), on March 18, 2016. The fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Dynamic Focus Five Index (the "index").
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Source: First Trust Advisors L.P
Federal Reserve issues FOMC statement
March 16, 2016--Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months.
Household spending has been increasing at a moderate rate, and the housing sector has improved further; however, business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional strengthening of the labor market. Inflation picked up in recent months; however, it continued to run below the Committee's 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.
Blue Tractor applies for 'alpha-protecting' active ETF structure
March 16, 2016--Blue Tractor Group (Blue Tractor), a New-York based product developer for the exchange-traded funds industry, has filed an application with the US Securities and Exchange Commission (SEC) to launch a new breed of ETFs
The 'Shielded Alpha' ETF incorporates a hybrid structure which will maintain the efficiency and reduced costs of a transparent actively managed ETF, while completely shielding the fund's alpha generation strategy and trading from the market.
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Source: etfstrategy.co.uk
Deutsche Bank Reduces the Redemption Size of Eighteen Exchange Traded Notes on a Specified Day of Each Month
March 15, 2016--Deutsche Bank today announced that it will reduce the redemption unit size on eighteen of its commodity-based Exchange Traded Notes (ETNs) to 100 ETNs (or integral multiples of 100 ETNs in excess thereof) on the 15th calendar day of each month (or, if such 15th calendar day is not a trading day, the trading day immediately thereafter).
The redemption unit size for the rest of each month will remain the same as set forth in the related pricing supplement. This change will be effective after the close of trading on March 15, 2016.
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Source: Deutsche Bank
AdvisorShares-This Week in Active ETFs: Heavy Handed Central Banks
March 14, 2016--Macro-The party for domestic equities continued last week while foreign equity markets were mixed. One big story from Thursday was news of increased accommodation by the European Central Bank (ECB) which announced...
The Gold Report-Regarding gold, it fell rather sharply late on Friday, which we see as an attempt, once liquidity was wholly lacking and most market participants had shuttered in their trading operations for the week, by what we have in the past referred to as "nefarious" forces to break
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Source: AdvisorShares
You have heard of ETFs, now say hello to the PTF
March 14, 2016--It is 26 years since Canada started the $3 trillion exchange-traded funds revolution when the Toronto Stock Exchange listed the Toronto 35 Index Participation fund.
It took three years for the US to take advantage of the innovation, starting with State Street's launch of the SPDR S&P 500 ETF.
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Source: Financial News
