Americas ETP News
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PEK and RSXJ Market Vectors ETFs Offered to Qualified Investors in Mexico
February 5, 2015--Market Vectors ETFs, one of the largest ETP families in the U.S and worldwide, announced today that it has added two additional NYSE Arca-traded ETFs to the growing list of depository receipts based on Market Vectors ETFs currently available to Qualified Investors in Mexico.
Deutsche Securities Casa de Bolsa in Mexico will act as local sponsor and filing agent for depository receipts on the following ETFs:
Market Vectors ChinaAMC A-Share ETF (Ticker: PEK(R)) Assets under management1: USD 94.41 M
Market Vectors Russia Small-Cap ETF (Ticker: RSXJ(R) Assets under management1: USD 53.57 M
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Source: Van Eck
AdvisorShares Weekly Market Update:2015 Picks Up Where 2014 Left Off
February 5, 2015--Macro
The first month of 2015 is now in the books and most market participants are probably glad to see it go. The magnitude of all the market drivers in December seemed to increase in
January.
Domestic stocks were down a little in December but fell more in January. Shockingly low yields in the government
bond market went even lower and extreme volatility in commodities and currencies became even more extreme.
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Source: AdvisorShares
State Street Global Advisors Unveils SPDR S&P 500 Buyback ETF
SPYB Provides Investors Precise Exposure To Stocks With The Highest Buyback Ratios In The S&P 500
February 5, 2015--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that the SPDR S&P 500 Buyback ETF (Symbol SPYB) began trading on the NYSE Arca on February 5, 2015.
Providing access to a portfolio of S&P 500 stocks with the highest buyback ratio, SPYB offers investors an opportunity to complement their dividend strategies and potentially improve the risk-return profile of their portfolio.
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Source: State Street Global Advisors
Altavista-Sector SPDR Analyzer + Equal Sector Weight ETF-February 2015
February 5, 2015--The monthly update on each of the nine Select Sector SPDRs plus the ALPS Equal Sector Weight ETF is now available.
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Source: AltaVista Research
UBS ETRACS Launches 2x Leveraged US Small Cap High Dividend ETN Offering Significant Monthly Income Potential
ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN
February 4, 2015--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca(R) for the ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN (NYSE Arca(R):SMHD).
SMHD is linked to the monthly compounded 2x leveraged performance of the Solactive US Small Cap High Dividend Index (the "Index").
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Source: UBS
American Funds to get approval to offer ETFs
Massive mutual fund operation could come storming into a popular investment product
February 4, 2015--In a move that could pave the way to a new order in the fund industry, securities regulators plan to approve a proposal by American Funds, the third-largest mutual fund brand, to offer ETFs for the first time.
The decision, announced this week by the Securities and Exchange Commission, clears the way for the manager of $1.2 trillion in mostly broker-sold mutual funds to build its own exchange-traded funds, a product that has most of its assets flowing into products that replicate an index.
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Source: Investment News
BMO gold product takes aim at ETF market
Its new product allows investors to buy and sell shares that are backed by physical bullion stored in Canada.
February 4, 2015--Bank of Montreal has launched a new way for investors to buy physical gold, offering greater security than private storage while going head to head with the $60 billion exchange-traded fund industry.
The launch comes at a critical time for bullion, with investors in recent weeks making a tentative return to the market after a prolonged exodus as the oil rout and euro zone instability reignite gold’s appeal as a safe-haven investment.
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Source: MineWeb
Advisers Can Avoid Costly ETF-Trading Missteps
Advisers should know an ETF's average daily trading volume, liquidity and bid-ask spread
February 4, 2015-Exchange-traded funds continue to gain in popularity among financial advisers, but some fall into trading traps that can add unnecessary expense for their clients.
These mistakes can chip away at what is one of the main appeals of ETFs-their low cost structure. Some types of slip-ups would seem obvious, such as forgetting to use a limit order to ensure the price that is paid for shares isn’t too high or the sale price too low.
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Source: Wall Street Journal
The Fiscal Multiplier and Economic Policy Analysis in the United States: Working Paper 2015-02
February 3, 3015--The recession from 2007 to 2009 sparked wide interest in the economic effects of fiscal policy. That interest is reflected in an ongoing debate over the size of the fiscal multiplier.
This working paper addresses three questions: What models do economists use to estimate that multiplier? Why do estimates of it vary widely? How can economists use those estimates to judiciously analyze U.S. economic policy?
view the CBO working paper-The Fiscal Multiplier and Economic Policy Analysis in the United States
Source: Congressional Budget Office (CBO)
Canada: Oil Price Drop Weighs on Growth
February 3, 2015--Growth solid but unbalanced
Low oil prices weigh on growth, as energy investment suffers
Monetary policy accommodation, neutral federal fiscal stance appropriate
Canada's economic performance has been solid, largely thanks to a stronger U.S. recovery. Growth momentum will ease slightly this year, reflecting substantially lower oil prices, and become more balanced with a cooling housing market, said the IMF in its regular assessment of the country’s economy.
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Source: IMF
