Americas ETP News
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CBO-Updated Budget Projections: 2015 to 2025
March 9, 2015--As it typically does after the President's budget is released, CBO has updated the baseline budget projections it published earlier in the year. CBO now estimates that if the laws that currently govern federal taxes and spending generally remain in place, the federal budget deficit will total $486 billion in fiscal year 2015, about the same as the shortfall posted in 2014.
However, because the nation's output (its gross domestic product, or GDP) has increased, the deficit projected for 2015 represents a slightly lower percentage of GDP—2.7 percent—compared with 2.8 percent last year. In 2009, the deficit peaked at 9.8 percent of GDP; as recently as 2011 it was equal to 8.5 percent of GDP (see figure below).
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Source: Congressional Budget Office (CBO)
Toronto Stock Exchange Celebrates 25 Years of Listing and Trading Exchange Traded Funds
The world's first ETF was launched on TSX in 1990
March 9, 2015--2015 marks the 25th anniversary of the creation of the world's first Exchange Traded Fund (ETF).
To celebrate this milestone, as well as the rapid growth of the Canadian and global ETF markets, Atul Tiwari, Managing Director, Vanguard Investments Canada Inc. & Vice Chair, Canadian ETF Association (CETFA), members of CETFA and ETF providers joined Ungad Chadda, Senior Vice President, Toronto Stock Exchange (TSX) to open the market on TSX today.
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Source: TMX Group
Women In ETFs Take the NYSE
March 9, 2015--The ETF industry's first women's group, with eight chapters
in the United States, Europe, Canada and its newest chapter in Asia Pacific, rang the NYSE's opening bell this
morning across the globe to commemorate International Women's Day 2015!
This morning, Women in ETFs (WE) gathered at The New York Stock Exchange to celebrate International Women's
Day by ringing the opening bell. As a global nudge for advancing and recognizing women, WE partnered with nine stock exchanges all across the globe to mark the economic,
political, and social achievements of women.
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Source: mfwire.com
Charles Schwab Launches Schwab Intelligent Portfolios(TM)
Sophisticated, automated advice and money management with no commissions, advisory or account service fees
March 9, 2015--Charles Schwab today launched a fully automated investment advisory service, Schwab Intelligent Portfolios(TM), the only investment advisory service using sophisticated computer algorithms to build, monitor,
and rebalance diversified portfolios based on an investor's stated goals, time horizon and risk tolerance-without charging any advisory fees, commissions or account services fees.
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Source: MarketWatch
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
