Americas ETP News
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Seeking More Clarity on Derivatives in Mutual Funds
Morningstar can't accurately determine which funds are using a particular type of derivative
June 15, 2015--Financial advisers say they would welcome more information on mutual funds' use of derivatives, something a recent proposal by regulators would require.
But some asset managers say they must tread a fine line. While advisers say they are for transparency, disclosing too much information about fund holdings could make it more difficult to generate strong returns, by allowing competitors to trade ahead of them, for example.
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Source: Wall Street Journal
SEC's Stein sees dangerous cracks in laws for mutual funds, ETFs
June 15, 2015--The rise of complex mutual and exchange-traded funds has exposed weaknesses in the outdated regulatory regime for the sector and could be putting retail investors at risk, a top U.S. regulator said Monday.
"I am concerned that we are starting to see some cracks in the foundation," Securities and Exchange Commission Democratic member Kara Stein said at a Brookings Institution event.
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Source: Reuters
Treasury International Capital Data For April
June 15, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for April 2015. The next release, which will report on data for May 2015, is scheduled for July 16, 2015.
The sum total in April of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $106.6 billion. Of this, net foreign private inflows were $119.9 billion, and net foreign official outflows were $13.3 billion.
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Source: US Department of the Treasury
All 10 WBI Active ETFs Reach $100 Million in Under a Year
June 13, 2015--In under a year in the ETF business, all 10 actively managed WBI ETFs have now exceeded $100 million in assets under management.
This makes WBI one of the fastest-growing issuers of active ETFs.
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Source: New York Times
This Week's IPO Calendar from Renaissance Capital
June 12, 2015--This Week's IPO Calendar from Renaissance Capital is now available.
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Source: Renaissance Capital
Renaissance IPO Index-Notice of June 2015 Quarterly Changes
June 12, 2015--The Renaissance IPO Index (Ticker: IPOUSA), the underlying index for the Renaissance IPO ETF (Ticker: IPO), will implement the following constituent changes at the market's close on Friday, June 19, 2015:
Additions:
EQT GP Holdings
58.com
GoPro
Removals:
Voya Financial
HD Supply Holdings
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Source: Renaissance Capital
SEC Publishes Request for Public Comment on Exchange-Traded Products
June 12, 2015--The Securities and Exchange Commission today announced that it is seeking public comment to help inform its review of the listing and trading of new, novel, or complex exchange-traded products (ETPs).
The request for comment addresses key issues that arise when exemptions are sought by a market participant to trade a new ETP or when a securities exchange seeks to establish standards for listing new ETPs.
Due to the expansion of ETP investment strategies in recent years that has led to a significant increase in the number and complexity of these requests, the Commission determined it would be beneficial to receive public input on these issues.
view the SEC Request for Comment on Exchange-Traded Products
Source: SEC.gov
Pacer ETFs Selects BATS Exchange As Listing Destination For Three New ETFs
New ETFs Begin Trading Today On BATS Exchange
June 12, 2015--BATS Global Markets (BATS), the leading U.S. market for the trading of exchange,traded funds (ETFs), today welcomes a new issuer, Pacer ETFs, to its market with the launch of their three new exchange-traded funds (ETFs).
These new ETFs begin trading today on BATS Exchange:
Pacer Trendpilot 750 ETF (BATS: PTLC)-Tracks the performance of the Pacer Wilshire U.S. Large-Cap Trendpilot Index.
Pacer Trendpilot 450 ETF (BATS: PTMC)-Tracks the performance of the Pacer Wilshire U.S. Mid-Cap Trendpilot Index.
Pacer Trendpilot 100 ETF (BATS: PTNQ)-Tracks the performance of the Pacer Nasdaq-100 Trendpilot Index.
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Source: BATS
SEC seeks public feedback to inform policy for exchange-traded products
June 12, 2015--U.S. securities regulators are asking the public to weigh in on how new and novel exchange-traded products should be listed, marketed and traded, as part of an effort to potentially write new rules for the sector.
The Securities and Exchange Commission cited an ever-increasing number of requests by funds to launch new kinds of complex products and investment strategies.
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Source: Reuters
Horizons ETFs Announces Final Valuations for Terminated ETFs
June 12, 2015--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") previously announced, by way of a press release dated March 30, 2015, that certain exchange traded funds (the "Terminated ETFs") would be terminated effective upon the close of business today, June 12, 2015.
The Terminated ETFs, with their respective final net asset values ("Final NAV") per unit, are as follows:
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Source: Horizons ETFs Management (Canada) Inc
