Americas ETP News
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Vanguard to Make It Easier to Invest in Munis
The fund giant's ETF would have lower expenses,which could be a draw
March 8, 2015--The municipal-bond market isn't always the easiest to navigate. But the simple, cheap choice of investing in muni bonds through ETFs is about to get a boost.
Already, exchange-traded funds that focus on tax-exempt municipals make it possible to get a diversified holding of such bonds with a single trade, at low cost. That is a lot less labor-intensive than creating a portfolio with individual securities.
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Source: Wall Street Journal
Jefferies reportedly cuts commodities-futures brokerage staff
March 7, 2015--Investment bank Jefferies Group LLC [JGLL.UL], owned by Leucadia National Corp (LUK.N), has cut about 20 jobs in its commodities futures brokerage in New York and Chicago, three sources familiar with the cuts said on Friday.
People affected by the move were let go on Thursday, the sources told Reuters, in what was described as a sweep that affected employees who handled energy, softs and metals markets.
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Source: Reuters
Janus Capital Gets Initial Nod from SEC to Offer ETFs-Analyst Blog
March 6, 2015--Global investment firm Janus Capital Group, Inc. seems to be on track with its business strengthening initiatives.
The Denver, CO-based company obtained a preliminary approval from the Securities and Exchanges Commission (SEC) to offer a set of exchange traded funds (ETFs).
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Source: Nasdaq.com
CFTC.gov Commitments of Traders Reports Update
March 6, 2015--The current reports for the week of March 3, 2015 are now available.
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Source: CFTC.gov
ETF Factsheets From XTF Inc. Now Available via AIRE(TM) Market
Ratings on Exchange Traded Funds Now Available on the Cloud-Based Marketplace for Financially Actionable Apps, Information, and Reports (Financial AIR(TM) from Airex, Inc.
March 5, 2015--Airex, Inc. (www.airexmarket.com) today announced that Factsheets for Exchange Traded Funds (ETFs) from XTF Inc. (XTF) are now available for purchase on the AIREX Market, the first independent, online marketplace for financially actionable apps, information, and reports (Financial AIR).
XTF is the leading provider of ETF analytical data, ETF Ratings, and research tools, as well as white-labeled ETF centers, screeners, and factsheets, drawing from one of the most robust ETF and index databases in the industry. XTF is the first to offer this type of information on the AIREX Market, which offers nearly one million pieces of Financial AIR.
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Source: Airex, Inc.
First Bridge Data- 'ETF 20/20 Report' March 2015
March 5, 2015--Our monthly 'ETF 20/20' report summarizes the most important recent Exchange Traded Fund (ETF) trends in the US. It uses data from the First Bridge global ETF database
US ETF assets rose in February 2015 to $2.094T, with the S&P 500 Index having its best monthly gain since October 2011.
The CAPE (or Shiller P/E) ratio ended February 2015 at 27.81, though likely more as a consequence of excess global liquidity than 'irrational exuberance'.
The Wisdom Tree Europe Hedged ETF (HEDJ) took in over $5Bn in net inflows in the first two months of 2015, significantly outpacing unhedged Europe equity ETFs.
State Street (SPDR) announced expense ratio fee cuts on 41 ETFs in the US. It is likely a competitive reaction to the asset gathering success of Vanguard, which tends to be at the lower end of the cost spectrum, and Blackrock's 'iShares core' initiative.
22 ETFs were launched in the US in 2015.
Indian small cap and China A shares ETFs were the best performing ETF categories in the trailing 12 months through February 2015, underscoring the contrasting fortunes of the different BRIC markets.
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Source: First Bridge Data
AdvisorShares Weekly Market Update: Negative Yields Proliferate Europe
March 5, 2015--For the week of February 23-February 27
Negative Yields Proliferate Europe
Macro
Fed Chair Janet Yellen gave testimony on Capitol Hill last week that offered no surprises or news and probably to Chair Yellen's relief did not move equities at all and only moved
bonds slightly.
Barron's posited that equity markets no longer care about whether the Fed raises rates and while that may
be a stretch it is certain that a rate hike will not come from..
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Source: AdvisorShares
BlackRock Launches iShares Short Maturity Municipal Bond ETF
Seeks to maximize tax-free income through diversified exposure to short-term municipal bonds
March 5, 2015--
BlackRock, Inc. BLK announced today that its iShares Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched the iShares Short Maturity Municipal Bond ETF (bats:MEAR).
iShares Short Maturity Municipal Bond ETF is actively managed by BlackRock's municipal bond team with more than 25 years of investment experience and backed by a dedicated municipal credit research team.
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Source: BlackRock
Nuveen taking another crack at ETFs
March 5, 2015--Nuveen Investments is planning to launch active exchange traded funds, nearly 13 years after abandoning an earlier ETF foray.
In a filing last week, the firm proposed a suite of rollouts with broad investment mandates, covering domestic and foreign equities and fixed-income securities as well as currencies, futures contracts,...
U.S. mutual funds cut expenses by shifting billions to trusts
March 4, 2015--Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the U.S. Securities and Exchange Commission.
The growing shift to collective trusts could prove a weapon for actively managed mutual funds losing out to low cost passive investment products such as the exchange-traded funds offered by rivals such as Vanguard Group, the biggest mutual fund company. For investors, one drawback is less transparency about the risks and performances of their holdings.
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Source: Reuters
