Americas ETP News
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Smart Beta: The Facts
November 17, 2015--Cass has produced a series of papers for Invesco PowerShares looking at the origins, the source of performance and due diligence challenges of Smart Beta.
Smart beta is a transparent, rules based weighting scheme that is different from market capitalisation weights.
view the working papers:
Part 1: Origins
Part 2: What lies beneath?
Part 3: Factors assembled
Part 4: Monitoring challenges
Source: Invesco PowerShares
NYSE to eliminate "stop orders" from February
November 17, 2015--Investors will not be able to make "stop orders" and "good till cancelled orders" on the New York Stock Exchange and NYSE MKT from Feb. 26, the exchange said, as it looks to reduce risks during choppy trading.
A "good till cancelled order" is valid until an investor cancels it or the trade is executed, while a "stop order" allows an investor to buy or sell a stock when it exceeds a particular price.
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Source: Reuters
Debt Market Distortions Go Global as Nothing Makes Sense Anymore
November 15, 2015--Rates on interest-rate swaps plunge below Treasury yields
Worries over 'something bigger brewing under the surface'
Something very strange is happening in the world of fixed income.
Across developed markets, the conventional relationship between government debt--long considered the risk-free benchmark--and other assets has been turned upside-down.
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Source: Bloomberg
First Trust Switches Seven AlphaDEX(R) ETFs to The Nasdaq Stock Market
November 13, 2015--Nasdaq announced that First Trust recently transferred seven AlphaDEX(R) exchange traded-funds (ETFs) from NYSE Arca to The Nasdaq Stock Market(R).
Each fund listed and will continue to trade its shares on Nasdaq under the same ticker symbol as was used on NYSE
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Source: NASDAQ
Nasdaq Said to Be in Talks to Acquire Chi-X Canada Market
November 13, 2015-The Canadian business is being valued at about $100 million
Purchase would put Nasdaq in competition with Toronto exchange
Nasdaq Inc. is in talks to buy Chi-X Canada, an acquisition that would put it in direct competition with TMX Group Ltd.'s Toronto Stock Exchange, according to people familiar with the matter.
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Source: Bloomberg
Invesco Canada expands access to innovative Platform Traded FundsTM
Welcoming Aequitas PTF Connect: The next evolution for actively managed mutual funds
November 12, 2015--Invesco Canada ("Invesco") announced today that through Aequitas PTF Connect ("PTF Connect"), it will provide industry-wide access to Invesco's innovative Platform Traded Funds (PTFTM) structure.
PTFs are unique in that they transact and settle just like exchange-listed securities, using a streamlined process that eliminates unnecessary layers of cost.
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Source: Invesco Canada Ltd.
First Asset Introduces New Core ETF: First Asset Core Canadian Equity Income ETF
November 12, 2015--First Asset Core Canadian Equity Income ETF (TSX: CSY) announces that it has completed the previously announced conversion from a closed-end fund (Can-60 Income Corp.) to an exchange-traded fund.
Today, outstanding equity shares of Can-60 Income Corp. have been consolidated on a 1:3 basis and re-designated as ETF Shares of First Asset Core Canadian Equity Income ETF, which trade on the Toronto Stock Exchange under ticker "CSY".
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Source: First Asset
BATS Welcomes New iShares Bond ETF
iShares International Aggregate Bond ETF Began Trading Today
November 12, 2015--Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed the iShares International Aggregate Bond ETF (BATS: IAGG), which began trading today on the BATS ETF Marketplace.
The iShares International Aggregate Bond ETF seeks to track the investment results of the Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. Additional information on the new ETF is available on the iShares website. iShares, which was the first issuer to list products on BATS, now has 26 ETFs listed on the BATS ETF Marketplace.
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Source: BATS
Goldman Sachs Asset Management Launches ActiveBeta(R) International Equity Exchange-Traded Fund
November 11, 2015--Goldman Sachs Asset Management ("GSAM") today announced the launch of the Goldman Sachs ActiveBeta(R) International Equity ETF (Ticker:GSIE), which aims to provide exposure to investment opportunities across developed equity markets outside of the United States.
The Fund marks Goldman Sachs' latest addition to its lineup of ActiveBeta(R) exchange-traded funds, offering access to equities exposure across the globe.
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Source: Nasdaq.com
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.
