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Reading the confusing alphabet soup of exchange-traded fund trends
The ETF universe seems to perpetually expand but the result of pushing the envelope isn't necessarily always positive
March 17, 2015--Every year, investing in exchange-traded funds gets more confusing. Last year, 178 new ETFs launched (based on their inception date as determined by Morningstar Inc.) and while the ETF universe seems to perpetually expand, the result of pushing the envelope in product development isn't necessarily always positive.
Investors should be aware of these trends, while understanding that new ETFs aren't like cars or phones-there is no reason to assume the new model is better.
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Source: Investment News
Nasdaq Lists The Global X SuperDividend(R) REIT ETF
Offers Features to Help Reduce Interest Rate Risk and Diversify Portfolios
March 17, 2015--Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), The Global X SuperDividend(R)REIT ETF (Symbol:SRET), which will begin trading on The Nasdaq Stock Market today.
"At a time of continued low interest rates, income-seekers are in need of alternative sources for yield," said Bruno del Ama, Chief Executive Officer of Global X Funds.
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Source: Nasdaq.com
ETFs struggle to dazzle pension funds
March 17, 2015--Despite their much-lauded growth in the past few decades,
exchange-traded funds have been slow in attracting the attention of defined contribution pension schemes.
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Source: Financial News
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for February 2015
March 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for February 2015.
Positive economic indicators and a six percent gain for the S&P 500 during the month renewed investor confidence in stocks, but once again, it was passively managed international- and U.S.-equity funds that reaped the rewards. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
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Source: Morningstar
First Trust Extends its Latin American Reach Via Chile's Pension Funds
Chile's Pension Risk Rating Commission Approves Sale of Two First Trust AlphaDEX ETFs
March 17, 2015--First Trust Advisors L.P. ("First Trust"), a global ETF provider and asset manager, today announced that Chilean pension funds investment Risk Rating Commission, La Comisión Clasificadora de Riesgo (CCR), has approved two First Trust ETFs for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones(AFPs).
According to Chile's pension plan investment guidelines, before an ETF can be purchased in a pension fund, it must be approved by the CCR. "We are pleased that two AlphaDEX ETFs are officially approved for sale to Chilean pension funds," said Dan Lindquist, Managing Director of First Trust. "This opportunity helps to further expand the footprint of our merit-based AlphaDEX ETFs into a new institutional market for First Trust."
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Source: First Trust
Annual Changes to the NASDAQ US Broad Dividend Achiever Index
March 16, 2015--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the annual evaluation of the NASDAQ US Broad Dividend Achievers(TM) Index (Nasdaq:DAA), which will become effective prior to market open on Monday, March 23, 2015.
The following thirty-seven securities will be added to the Index: AmerisourceBergen Corporation (NYSE:ABC), Assurant, Inc. (NYSE:AIZ), AmeriGas Partners, L.P. (NYSE:APU), Best Buy Co., Inc. (NYSE:BBY), Compass Minerals International, Inc. (NYSE:CMP), Costco Wholesale Corporation (Nasdaq:COST)..
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Source: Nasdaq.com
Treasury International Capital Data For January
March 16, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2015. The next release, which will report on data for February 2015, is scheduled for April 15, 2015.
The sum total in January of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $88.3 billion. Of this, net foreign private inflows were $60.7 billion, and net foreign official inflows were $27.6 billion.
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Source: US Department of the Treasury
US SEC official says worries about ETFs and market volatility overblown
March 16, 2015--Concerns that riskier exchange-traded funds may contribute to increased volatility in financial markets because of the way they rebalance their portfolios are overblown, a top U.S. securities regulator said on Monday.
"There is a false narrative about leveraged and inverse ETFs being spread by the prudential regulators," Mike Piwowar, a member of the Securities and Exchange Commission, said in remarks prepared for delivery at a conference held by the Investment Company Institute.
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Source: Reuters
Financial Sector Regains S&P 500 Dividend Crown After Stress Tests
March 16, 2015--When the Federal Reserve Bank approved the post-stress test capital plans for 28 of the 31 banks subject to the Comprehensive Capital Analysis and Review (CCAR), it set off a flurry of announcements of, dividend increases and share repurchases that lit up the tape.
All told, 20 banks and financial firms from the S&P 500 announced dividend increases within a few hours of receiving Fed approval, ranging from a 4.1% rise for US Bancorp to a whopping 400% increase for Citigroup.
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Source: The Street
Assets in ETFs/ETPs listed in the United States reached a new record high of 2.09 trillion US dollars at the end of February 2015 according to ETFGI
March 16, 2015-Assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.09 trillion at the end of February 2015, according to ETFGI's monthly ETF and ETP global insight report for February.
The US ETF/ETP industry had 1,667 ETFs/ETPs, from 73 providers listed on 3 exchanges at the end of February.
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Source: ETGI
