Americas ETP News
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Deutsche dissolving target-date ETFs
April 29, 2015--Deutsche Asset & Wealth Management is liquidating its X-trackers target-date retirement exchange traded funds.
The five retirement-themed funds-In-Target Date, 2010 Target Date, 2020 Target Date, 2030 Target Date and 2040 Target Date-will stop accepting creation orders on May 15 and will cease trading on May 18, according to a Deutsche AWM release.
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Source: FT.com
Federal Reserve issues FOMC statement
April 29, 2015--Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady.
A range of labor market indicators suggests that underutilization of labor resources was little changed. Growth in household spending declined; households' real incomes rose strongly, partly reflecting earlier declines in energy prices, and consumer sentiment remains high. Business fixed investment softened, the recovery in the housing sector remained slow, and exports declined. Inflation continued to run below the Committee's longer-run objective, partly reflecting earlier declines in energy prices and decreasing prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.
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Source: FRB
PureFunds ISE Cyber Security ETF (NYSEArca: HACK) Cross-Lists on Bolsa Mexicana de Valores
April 29, 2015--Factor Advisors, a subsidiary of ETF Managers Group, in partnership with PureFunds(R) and ISE ETF Ventures today announced that it listed on The Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), the PureFunds ISE Cyber Security ETF (NYSEArca: HACK).
am Masucci, founder and CEO of ETF Managers Group, said: "We are pleased to cross-list HACK on the Bolsa Mexicana de Valores as we cross-list our first exchange traded fund (ETF). This is our first foreign exchange to cross-list with, as it has continued to exhibit acceptance and growth of ETF products. In recognition of this acceptance, we believe Mexico presents a significant opportunity for our ETF products to exhibit continued growth."
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Source: ISE ETF Ventures
Treasury ETFs Inflows Outpacing All Other Bond Funds This Month
April 27, 2015--Exchange-traded funds that hold U.S. Treasuries are seeing more cash inflows this month than any other fixed-income funds for the first time this year.
U.S. government debt ETFs have brought in $1.5 billion since March, according to Bloomberg data. If that trend holds, it will be the first time since October that inflows into the funds will outpace those of other bond ETFs.
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Source: Bloomberg
NASDAQ Stock Market LLC Files Proposed Rule Change to List and Trade 18 Eaton Vance and Parametric NextShares(TM) Funds
April 27, 2015--Eaton Vance Management (Eaton Vance) and Navigate Fund Solutions LLC (Navigate), wholly owned subsidiaries of Eaton Vance Corp. (NYSE: EV), today announced the filing by The NASDAQ Stock Market LLC (Nasdaq) with the U.S. Securities and Exchange Commission
(SEC) of a proposed rule change to list and trade under Nasdaq Rule 5745 the shares of the listed NextSharesTM exchange-traded managed funds (Funds)
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Source: nextshares.com
Vanguard looking to license its cost-cutting ETF patent
April 26, 2015--Vanguard is considering letting others in on its exclusive right to offer exchange traded funds as a share class of existing mutual funds through a licensing agreement with USAA.
Officials from the two firms confirmed they are negotiating a deal that would give USAA access to Vanguard's patent-protected ETF share class methodology.
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Source: FT.com
AdvisorShares Active ETF Report
April 23, 2014--As of March 31, 2015--Assets in the actively managed ETF space contracted by less than 1% during March which is not out of line given the decline in U.S. equity markets during the month.
Despite this small pullback, notable asset growth did progress in other areas, notably led by the Bank Loan category.
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Source: AdvisorShares
Purpose Investments Announces the Launch of Two Highly Innovative International Funds
April 22, 2015--Purpose Investments Inc. ("Purpose") is pleased to announce the launch of two new international investment funds, Purpose International Dividend Fund (TSX:PID) and Purpose International Tactical Hedged Equity Fund (TSX:PHW) (collectively the "Funds").
Purpose has completed the initial public offering of the ETF units of Purpose International Dividend Fund and ETF shares of Purpose International Tactical Hedged Equity Fund.
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Source: Purpose Investments
Nasdaq Lists The AlphaMark Actively Managed Small Cap ETF
April 21, 2015--Only Actively Managed ETF in the Small Cap Growth Space
Nasdaq announced that US Bancorp will list a new exchange-traded fund (ETF), The AlphaMark Actively Managed Small Cap ETF (Symbol: SMCP), which will begin trading on The Nasdaq Stock Market today, April 21, 2015.
"The AlphaMark Small Cap ETF will provide actively managed small cap exposure driven by high quality earnings momentum at a reasonable price to cash flow while utilizing an alpha preservation strategy," said Michael Simon, Founder and CIO of AlphaMark Advisors, LLC.
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Source: Nasdaq.com
WisdomTree Names Alisa Maute Head of Sales
Company Veteran with Diverse Channel Experience Assumes U.S. Sales Leadership Role
April 20, 2015--WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the appointment of Alisa Maute as Head of U.S. Sales.
Ms. Maute joined WisdomTree in June of 2008, spending five years as a Regional Director in the Company's National Full Service (NFS) broker/dealer channel and the past two years as a Regional Director covering the Registered Investment Advisor (RIA) channel in the Midwest.
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Source: WisdomTree
