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Diamond Hill Launches New ETF
New fund tracks an index that seeks to outperform traditional market cap weighted indexes with a proprietary forward-looking methodolog
y based on "intrinsic value capitalization"
May 13, 2015--The Diamond Hill Valuation-Weighted 500 ETF
(NYSE: DHVW), a new Exchange Traded Fund (ETF) that uses an intrinsic value capitalization approach to track an
index seeking to outperform traditional broad-based market capitalization-weighted index funds, was launched May 12, 2015 by Diamond Hill Capital Management, Inc. ("Diamond Hill"), a subsidiary of Diamond Hi
ll Investment Group, Inc. (NASDAQ: DHIL). Diamond Hill is a leading indepe
ndent investment firm with approximately $16 billion in assets
under management (AUM).
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Source: Diamond Hill® Capital Management, Inc
WBI #1 in Active ETF Sales
May 13, 2015--With less than a year in the ETF business, WBI Shares is making a splash.
Through the first four months of 2015, WBI is #1 in Active ETF sales with an asset raise of well over $200 million.
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Source: WBI
BlackRock says regulators misunderstand securities lending risks
May 13, 2015--BlackRock Inc., on Wednesday pushed back against arguments by the New York Federal Reserve and other regulators that asset managers' securities lending operations may pose major risks to the market and may need greater oversight.
In a seven-page white paper seen by Reuters, the world's largest money manager says financial regulators misunderstand securities lending and are overstating its risks with regard to the industry as a whole, and BlackRock in particular.
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Source: Reuters
Hedge fund launches first ETF for Canadian heavy crude oil
May 12, 2015--The first exchange-traded fund tracking the price of Canadian heavy crude launched on Tuesday, enabling investors to gain exposure to the country's physical crude market and potentially boosting liquidity.
The Canadian Crude Oil Index ETF, issued by Calgary-based hedge fund manager Auspice Capital Advisors Ltd, will be based on the price of Western Canada Select heavy blend crude.
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Source: Reuters
Market Prophit Launches First Social Media Sentiment Stock Market Index
Investors Able to Get Pulse of the Crowd Sentiment through New Smart Beta Index
May 12, 2015--Market Prophit (www.marketprophit.com) an industry-leading provider of real-time stock market sentiment analysis of social media conversations has launched the first-of-its kind social media sentiment smart beta index.
The index will be calculated by S&P Dow Jones Indices based on their corporate actions data and Market Prophit's proprietary sentiment data. The index, which will be both real time as well as have end of day historical values, will be available on the Bloomberg Terminal under the ticker symbols CROWD, CROWDTR, and CROWDNTR (index price return, index total return, and index net total return) respectively.
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Source: Market Prophit
Deutsche X-trackers MSCI EAFE Hedged Equity ETF increases creation unit size
May 12, 2015--Deutsche Asset & Wealth Management (Deutsche AWM) today announced that the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF) increased its creation unit from 50,000 to 200,000 shares as of today's trade date.
DBEF will now only issue or redeem shares that have been aggregated into blocks of 200,000 shares or multiples thereof to authorized participants who have entered into agreements with its distributor.
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Source: Deutsche Asset & Wealth Management
Nasdaq Monthly-Index Report-Which Index was up 21.8% last month?
May 12, 2015--The Nasdaq Index Monthly Performance Report (as of 4/30/15) is available.
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Source: NASDAQ.com
TMX CEO says wants to differentiate with data
May 12, 2015--Markets operator TMX Group Ltd plans to better integrate its disparate units and make more use of data amid rising competition in the domestic exchange industry, the Toronto Stock Exchange operator's chief executive said on Tuesday.
The company posted an 8 percent decline in first-quarter profit late on Monday, missing analyst expectations, hurt by low commodity prices and higher expenses
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Source: Reuters
SEC's Gallagher to Resign as Commissioner After Four Years
MAy 12, 2015--Daniel Gallagher is resigning his post as a Republican member of the U.S. Securities and Exchange Commission after four years, a time marked by partisan battles over the regulatory response to the 2008 financial crisis, according to three people familiar with the matter.
The White House will now need to replace him as well as Luis Aguilar, the Democratic commissioner whose term expires next month. The departures herald a transformation at the agency, which has struggled to write dozens of new regulations arising from the 2010 Dodd-Frank Act.
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Source: Bloomberg
IMF-Brazil: Selected Issues Paper
May 12, 2015--Summary: Overview 1. Developing an economic strategy to scale up infrastructure investment requires establishing the link between infrastructure provisions and growth, determining the infrastructure gap, and identifying financing and optimal provisioning. Areas where Brazil’s competitiveness has lagged include, but are not limited to, education, innovation, governance and justice.
Yet, inadequate infrastructure is increasingly identified as the key bottleneck behind low productivity, stagnating export performance, insufficient domestic market integration, and weak growth potential. Market segmentation caused by divergence in relative prices can have potentially severe social and macroeconomic implications. Income inequality may also increase with market segmentation, as low income producers in rural areas are adversely impacted by difficulties accessing large consumer markets. Several years of underinvestment in infrastructure have contributed to reducing potential growth.
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Source: IMF
