Americas ETP News
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ETFs/ETPs listed in Canada celebrated their 25th anniversary on March 9th according to ETFGI
March 16, 2015--March 9th marked the 25th anniversary of the listing of the first ETF in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.
In February 2015, ETFs/ETPs listed in Canada saw net inflows of US$1.2 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$743 Mn, followed by fixed income ETFs/ETPs with US$290 Mn, while commodity ETFs/ETPs experienced net outflows of US$29 Mn, according to ETFGI’s monthly ETF and ETP global insight report for February. The Canadian ETF industry had 355 ETFs, with 502 listings, assets of US$65 Bn, from 9 providers on 1 exchange at the end of February.
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Source: ETFGI
Investors shift focus to equity ETFs
March 13, 2015--Global assets invested in exchange-traded products reached a high of US$2.91 trillion as of the end of February, according to preliminary data from ETFGI.
The research firm expects assets to surpass US$3 trillion within the first half of 2015, considering there were US$50.7 billion in global, net new asset inflows in February alone.
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Source: Benefits Canada
New ETF Provides Pure-Play Exposure to the Growth of Dividends
March 13, 2015--It sounds like a great plan: Save up a few million bucks, buy dividend-paying stocks, and live off the income. How much do you need? Two million dollars invested in dividend-paying stocks yielding an average of 3% would provide $60,000 in annual income.
That's not bad, but a 3% decline in the market value of the portfolio can quickly wipe out your income for the year. Furthermore, if you don’t have $2 million, or you want to earn more than $60,000, the plan isn't so great.
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Source: dailyalts.com
NYSE owner warns of cyber risk to high-frequency trading
March 13, 2015--The owner of the New York Stock Exchange has warned that its efforts to fend off cyber hackers could reverse the momentum towards ever-faster markets, piling fresh pressure on the "flash boys" of high-frequency trading.
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Source: FT.com
Horizons ETFs announces final valuations for terminated ETFs
March 13, 2015--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") previously announced, by way of a press release dated December 31, 2014, that certain exchange traded funds
(the "Terminated ETFs") would be terminated effective upon the close of business today, March 13, 2015. The Terminated ETFs, with their respective final net asset values ("Final NAV") per unit, are as follows:
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Source: MarketWatch
Invesco PowerShares Announces Changes to ETF Family
Plans to change the indexes and providers of ten ETFs
Management fees reduced on four ETFs
Four ETFs to receive new product tickers
March 13, 2015--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $100 billion in franchise assets, today announced changes to its product line.
As part of the firm's commitment to aligning its fund offerings to meet an evolving investment landscape, Invesco PowerShares announced it will change the underlying indexes and index providers of ten ETFs. In addition, four ETFs will see a reduction in management fees* and four ETFs will receive new product tickers.
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Source: Invesco PowerShares Capital Management LLC
ProShares Announces Changes to Gold ETFs' Benchmark
March 12, 2015--ProShares, a premier provider of alternative ETFs, announced changes to the benchmark tracked by ProShares Ultra Gold (UGL) and ProShares UltraShort Gold (GLL).
Beginning March 20, the London Gold Fix will be renamed the LBMA Gold Price in conjunction with a change in the way the benchmark is calculated.
The London Bullion Market Association (LBMA) announced on February 19 that it has selected ICE Benchmark Administration (IBA) to calculate the LBMA Gold Price. The IBA will operate a physically settled, electronic and tradable auction process.
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Source: ProShares
AdvisorShares Weekly Market Update:
March 12, 2015--For the week of March 2-March 6
NASDAQ 5000, and it Lasted for Almost 24 Hours!
Like many of the recent jobs reports there were things to like and things to dislike. There were 295,000 new jobs created
which was well ahead of expectations which was a "like".
Also in the "like" column was the headline unemployment rate
dropping to 5.5% and the broader U6 unemployment rate dropping to 11.0%. The labor force participation rate printed at 62.8% which is roughly where it has been for many months
and while it would be nice to see it increase, this number is
probably a neutral.
The news triggered a jump in interest rates and a modest selloff in stocks in Friday trading as some view the report as validating the Fed's intention to raise rates mid-year.
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Source: AdvisorShares
Upstart stock exchange Aequitas raises money and adds investors as it prepares for March 27 launch
March 12, 2015--Upstart stock exchange Aequitas Innovations Inc., which is already backed by industry heavy hitters including RBC Capital Markets and Barclays., has added to the roster with Invesco Canada Ltd.,
the British Columbia Investment Management Corp., Maison Placements Canada, and BBS Securities Inc.
The first stage of the Aequitas platform is scheduled to launch March 27,...P>view more
Source: Financial Post
Auspice Capital to Offer ETF Tied to Canada Heavy Crude
March 12, 2015--Auspice Capital Advisors Ltd. is creating Canada's first exchange-traded fund based on heavy crude produced in Alberta to supply U.S. refineries.
The Calgary-based hedge fund is targeting a debut for the Canadian Crude Oil Index ETF in mid-April after filing a preliminary prospectus with regulators, said Tim Pickering, chief investment officer and founder of the firm
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Source: Bloomberg
