Americas ETP News
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SEC Looking Into Fake Web Report That Sent Twitter Up 8%
July 14, 2015--The U.S. Securities and Exchange Commission is looking into possible market manipulation over a fake news article that led to a brief spike in Twitter Inc. shares, said a person familiar with the matter.
Twitter rose more than 8 percent in the late morning after the appearance of the article, which claimed the company had received a takeover offer, before losing most of those gains within 20 minutes.
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Source: Bloomberg
ETFS Asian Gold Trust to be Terminated
July 14, 2015--ETF Securities USA LLC, as sponsor (the "Sponsor") of the ETFS Asian Gold Trust (the "Trust"), has decided to terminate the Trust effective as of August 12, 2015 (the "Termination Date").
The Sponsor regularly reviews the products that it makes available to investors in order to concentrate its offering on products that experience sufficient investor demand. This is normal practice in the global exchange-traded product industry and follows similar reviews and announcements made in respect of selected products sponsored by the Sponsor's affiliates in non-U.S. markets.
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Source: ETFS Asian Gold Trust
U.S. lawmaker cites delays, Labor Dept interference, in request to SEC
July 14, 2015--A Republican senator is accusing the U.S. Securities and Exchange Commission of failing to release records that he says are crucial to understanding how a controversial plan to tighten conflict-of-interest rules at Wall Street brokerages was drafted.
In a July 13 letter seen by Reuters, Homeland Security and Government Affairs Committee Chairman Ron Johnson told SEC Chair Mary Jo White he is frustrated that his nearly three-month-old request has not been fulfilled.
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Source: Reuters
Shark Tank's Kevin O'Leary Launches an ETF: OUSA
O'Shares Investments, Formed by Kevin O'Leary, Partners with FTSE Russell, Creates a Family of ETFs, and Launches "OUSA" on NYSE Arca
July 14, 2015--O'Shares Investments (O'Shares) announced today the launch of O'Shares FTSE US Quality Dividend ETF (NYSE/Arca: OUSA), the first in a series of five smart beta index-based exchange traded funds, or ETFs, partnering with FTSE Russell, leaders in factor-based or smart beta investment strategies.
OUSA listed today on NYSE Arca, the premier exchange for listing Exchange Traded Funds (ETFs).
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Source: O'Shares Investments
First Trust Switches 10 AlphaDEX(R) ETFs to The Nasdaq Stock Market
July 14, 2015--Nasdaq today announced that First Trust will transfer the 10 AlphaDEX(R) exchange traded-funds (ETFs) from NYSE Arca to be listed on The Nasdaq Stock Market(R) on or about Tuesday, July 14, 2015.
Each fund will list and trade its shares on Nasdaq under the same ticker symbol as was used on NYSE.
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Source: Nasdaq.com
Nasdaq Lists The Global X SuperDividend(R) Alternatives ETF
One Stop Alternative Income Solution Offers Investors High Income Potential and Lower Volatility
July 14, 2015--Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X SuperDividend(R) Alternatives ETF (Symbol: ALTY), which will begin trading on The Nasdaq Stock Market Tuesday, July 14, 2015.
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Source: Nasdaq.com
Release of Joint Staff Report on October 15,2014
July 13, 2015--Staff from the U.S. Department of Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York. the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission today issued a joint report analyzing the significant volatility in the U.S. Treasury market on October 15, 2014.
Using non-public data from the U.S. Treasury cash and futures markets, the joint report provides detailed analysis of the market conditions and record trading volumes that day, including an unusually rapid round trip in prices and deterioration in liquidity during a narrow window.
view the Joint Staff Report: The U.S. Treasury Market on October 15, 2014 report
Source: CFTC.gov
KBW and Nasdaq Launch Global Bank Index
KBW Nasdaq Global Bank Index (GBKX) is the first and only index designed to track the performance of global systematically important banks
GBKX is the first joint index launched since the companies announced their partnership in April
July 13, 2015--Keefe Bruyette & Woods (KBW), a Stifel company (NYSE:SF), and Nasdaq (NASDAQ:NDAQ), today announced the launch of the KBW Nasdaq Global Bank Index (Ticker: GBKX), the first and only index designed to track the performance of those banks designated as global systemically important (G-SIBs) by the Financial Stability Board and Basel Committee on Banking Supervision.
The 28 banks included in the KBW Nasdaq Global Bank Index represent 45% of the global investable banking universe and account for approximately $3T in total market cap.
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Source: Nasdaq.com
Greece and China Battle for Most Dangerous ETF
Who will win? Pop a Dramamine and check out this chart
July 13, 2015--The collapse of Chinese stocks in the past month does indeed eclipse Greece's market turmoil.
But when it comes to the volatility of the exchange-traded funds tracking those two markets, it's a (scary) toss-up.
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Source: Bloomberg
John Hancock Investments selects Dimensional Fund Advisors to manage suite of multifactor ETFs
July 13, 2015--In a registration statement filed today with the U.S. Securities and Exchange Commission, John Hancock Investments disclosed that Dimensional Fund Advisors LP (Dimensional) was selected to manage six John Hancock multifactor exchange-traded funds (ETFs), leveraging Dimensional's long record of applying insight from academic research into a systematic investment process across asset classes.
This rules-based, or strategic beta, approach seeks to improve outcomes for investors by focusing on additional factors outside of market capitalization that, through historical analysis, have been shown to have the potential for higher expected returns.
