Americas ETP News
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ISE Holdings Reports Business Activity for March 2015
April 1, 2015--ISE and ISE Gemini combined represent 16.3% of equity options market share, excluding dividend trades.
ISE and ISE Gemini reported a combined ADV of 2.3 million contracts.
Dividend trades made up 0.9% of industry volume in March 2015.
International Securities Exchange Holdings, Inc. (ISE Holdings) today reported a combined average daily
volume (ADV) of 2.3 million contracts in March 2015 for its two exchanges, ISE and ISE Gemini. This
represents 16.3% of U.S. equity options market share.
Business announcements for the month of March include:
On March 2, the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office
(USPTO) found that three CBOE patents were invalid. The patents formed the basis of litigation
CBOE brought against ISE.
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Source: ISE (International Securities Exchange)
ALPS Equal Sector Weight ETF Reduces Net Expense Ratio to 0.30%
April 1, 2015--ALPS, a DST Company focused on asset management and asset servicing, today announced a one-year fee waiver of 0.22% effective March 31, 2015 for the ALPS Equal Sector Weight ETF (Exchange-Traded Fund), a series of ALPS ETF Trust, resulting in a net management fee of 0.15%1 and total net expense ratio of 0.30% inclusive of acquired fund fees and expenses.
In addition, EQL received an Overall 4 Star Morningstar Rating(TM) as of February 28, 2015 against 34 of U.S. ETF Large Blend Funds based on risk adjusted returns.
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Source: ALPS
Morgan Stanley to Sell Data on Advisors Using ETFs
April 1, 2015--The beauty of ETFs, which trade on almost every public exchange, is their universal reach.
At the same time, this broad distribution system can make it hard to say exactly who is buying and selling these funds at any given time.
Now, the "veil between ETF providers and their customers" could be lifted a little, according to InvestmentNews.
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Source: Financial Advisor IQ
Yellen fails to entice gold bugs as ETPs lose $1.5bn
April 1, 2015--Janet Yellen's signal that she's not in a hurry to raise U.S. interest rates failed to persuade investors to come back to gold.
Instead, they pulled out $1.5 billion from U.S. exchange-traded products backed by precious metals last month, the most since December 2013, data compiled by Bloomberg show.
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Source: MineWeb
DB-Synthetic Equity & Index Strategy-US ETF Weekly Research-Fixed Income ETPs gathered $2.5bn inflows last week
March 31, 2015--Data in this report is as of Friday, March 27t
Market and Net Cash Flows Review
The US (S&P 500) was down 2.23%; while, outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) fell by 0.73% and 1.11%, respectively. In the meantime, performance was negative across all US sectors. The Financials (-3.0%) and the Industrials (-2.7%) sectors recorded the largest decreases. The DB Liquid Commodity Index decreased by 0.25%; similarly, the Agriculture sector (DB Diversified Agriculture Index) fell by 1.01%; meanwhile, the WTI Crude Oil, Gold, and Silver prices rose by 6.89%, 1.36%, and 1.29%, respectively.
Moving into other asset classes,the 10Y US Treasury Yield rose by 2bps ending at 1.95%. Last but not least, Volatility (VIX) increased by 15.75% during the same period.
The total US ETP flows from all products registered $7.3bn (-0.3% of AUM) of outflows during last week vs. $26.8bn (+1.3%) of inflows the previous week, setting the YTD weekly flows average at +$4.2bn (+$54.3bn YTD in total cash flows). Equity, Fixed Income, and Commodity ETPs experienced flows of -$9.3bn (-0.5%), +$2.5bn (+0.8%), and -$0.5bn (-0.9%) last week vs. +$24.1bn (+1.5%), +$2.1bn (+0.6%), and +$0.6bn (+1.1%) in the previous week, respectively. It is worth noting that most of the equity outflows were expected and were related to short-term flows as we mentioned last week.
Top 3 ETPs & ETNs by inflows: HEDJ (+$0.9bn), HYG (+$0.6bn), XT (+$0.6bn)
Top 3 ETPs & ETNs by outflows: VIG (-$3.9bn), SPY (-$3.4bn), VYM (-$1.6bn)
New Launch Calendar: Global New Economy, Global Small-Cap, Event-Driven Strategy, Long/Short Strategy
There were four new ETFs listed during the previous week. The new products are designed to provide exposure to global companies that create or use exponential technologies and are part of the new world economy, global small-cap equities, and two alternative funds focusing on an event-driven strategy and a long/short strategy, respectively.
Turnover Review: Floor activity decreased by 17.3%
Assets under Management (AUM) Review: Assets decreased by $40.5bn
request report S&P Dow Jones Indices-Latin America Index Dashboard view more S&P Dow Jones Indices-Canada Index Dashboard Large-cap U.S. equities encountered significant turbulence in the first quarter. The S&P 500(R) ended the quarter up 1%, while the Dow Jones Industrial Average(R) was relatively flat. view more Victory Capital Announces Plans to Launch NextShares(TM)Exchange-Traded Managed Funds view more Some NYSE Arca ETFs briefly halted; issue resolved view more SSgA picks ex-Fidelity funds chief as CEO
Total weekly turnover decreased by 17.3% to $342.0bn vs. $413.3bn from the previous week. However, last week's turnover level was 6.2% over last year's weekly average. Equity, Fixed Income and Commodity ETPs turnover decreased by $62.0bn (-16.8%), $4.8bn (-18.1%), and $3.6bn (-30.7%) during the same period, respectively.
US ETP assets dropped by $40.5bn (-1.9%) totaling $2.062 trillion at the end of the week. As of last Friday, US ETPs had accumulated an asset growth of +4.2% YTD. Assets for Equity, Fixed Income, and Commodity ETPs moved -$43.4bn, +$2.6bn, and +$0.4bn during last week, respectively.
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
March 31, 2015--Latin American equities ended the quarter in the red. The S&P Latin America BMI and the S&P MILA Andean 40 declined 10% and 9%, respectively. Brazil and Colombia were the weakest performers, ending the quarter down 16% and 19%, respectively. Health Care was the weakest sectoral performer, declining 25%.
Globally, developed markets had a strong quarter, gaining 4%, while emerging markets were up 2%. Japan had an extraordinary quarter, as the S&P TOPIX 150 gained 11%. Large-cap U.S. equities encountered significant turbulence in the first quarter. The S&P 500® ended the quarter up 1%, while the Dow Jones Industrial Average(R) was relatively flat.
Source: S&P Dow Jones Indices
March 31, 2015--Canadian equities ended the first quarter of 2015 in the black, with the S&P/TSX Composite and the S&P/TSX 60 gaining 3% and 2%, respectively.
The strongest performing sector of the S&P/TSX Composite was Health Care by a wide margin (45%). Energy was the weakest performer, down 1%.
Source: S&P Dow Jones Indices
March 31, 2015--Victory Capital today announced that it has entered into a preliminary agreement with Navigate Fund Solutions LLC ("Navigate"), a subsidiary of Eaton Vance Corp., to support the launch of a family of NextShares(TM) exchange-traded managed funds.
"NextShares are a natural extension of our multi-boutique investment model," said David Brown, Chairman and Chief Executive Officer of Victory Capital. "Our goal is to deliver best-in-class investment solutions managed by autonomous investment franchises and NextShares will enable us to provide our clients with an actively managed vehicle that features lower costs and greater tax efficiencies."
Source: Victory Capital
March 31, 2015--Some exchange-traded funds on the New York Stock Exchange's Arca system were briefly halted on Tuesday morning due to technical issues.
The halt started around 10:36 a.m. ET and lasted about 10 minutes. The quote dissemination issue affected tickers starting with letters U through Z.
Source: CNBC
March 31, 2015--State Street Global Advisors has tapped the former asset management chief at Fidelity Investments as its new president and chief executive, replacing Scott Powers who will retire after seven years.
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Source: Financial News
