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State Street Global Advisors Expands Advanced Beta ETF Offering To Meet Demand for Multi-Factor Approach
June 12, 2014--State Street Global Advisors (SSgA), the asset management arm of State Street Corporation (NYSE:STT) today announced the launch of a suite of advanced beta SPDR ETFs that seek to combine the performance of quality, value and low volatility strategies to provide investors the potential diversification benefits of a multi-factor approach in an objective, transparent and consistent manner.
The nine new ETFs, which are all trading on the NYSE Arca as of June 12, 2014, include:
SPDR MSCI World Quality Mix ETF (Symbol: QWLD)
SPDR MSCI EAFE Quality Mix ETF (QEFA)
SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)
SPDR MSCI Australia Quality Mix ETF (QAUS)
view more
Source: State Street Corporation
ETRACS introduces the first MLP ETN to track non-energy MLPs offers significant monthly income potential
ETRACS Wells Fargo(R) MLP Ex-Energy ETN
June 11, 2014--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca(R) for the ETRACS Wells Fargo(R) MLP Ex-Energy ETN (NYSE Arca(R): FMLP).
FMLP is linked to the performance of the Wells Fargo(R) Master Limited Partnership Ex-Energy Index (the "Index").
FMLP Profile
Underlying Index: Wells Fargo(R) Master Limited Partnership Ex-Energy Index
Index Yield*: 7.69%
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Source: UBS
Canada: Sustain inclusive growth by reducing housing market risks and overcoming specific skills shortages, says OECD
June 11, 2014--Canada has experienced solid economic growth since the global crisis, allowing it to reverse recession-induced job losses and put federal public finances on a sound footing, says the OECD. Growth is expected to accelerate from 2.5% this year to 2.7% in 2015.
Despite the overall positive outlook, important challenges remain to ensure strong, inclusive growth going forward and preserve Canada's high levels of well-being, according to two new OECD reports.
High housing prices in certain large cities and household debt pose financial stability risks that should be addressed. Fiscal consolidation should continue as planned at both the federal and provincial levels, with a particular focus on long-term health costs at provincial level. Efforts must be taken to protect the environment while saving a greater share of resource revenues for future generations, and further action is needed to ease localised and sector-specific skills shortages.
view the OECD Overview of the Economic Survey of Canada BlackRock expands low-cost 'Core' series with 10 ETFs view more Wall Street's 'fear gauge' hits 7-year low view more CBO Monthly Budget Review for May 2014 view the CBO-Monthly Budget Review for May 2014 State Street Global Advisors Launches European Small Cap SPDR ETF view more iShares Expands Its Minimum Volatility ETF Suite to Help Investors Seeking to Weather the Ups and Downs of the Stock Market view more SEC head proposes safeguards against HFT risks view more AdvisorShares Announces Sub-Advisor Change for Global Tactical ETF (GTAA) view more
Source: OECD
June 10, 2014--BlackRock Inc, the largest U.S. provider of exchange-traded funds, is expanding its lineup of low-cost ETFs with 10 equity and fixed-income funds that focus on areas such as dividend growth and value, and add exposures such as European and Pacific region stocks.
The new additions, which include four new funds and six existing funds that BlackRock plans to cut prices on, build upon a program the company started in October 2012 to offer low-cost funds to investors as a way to compete with cheaper funds from competitors like Vanguard Group and Charles Schwab.
Source: Reuters
June 8, 2014--Wall Street's "fear gauge" has fallen to a seven-year low, helping propel US stocks to a record peak but suggesting investor complacency reigns over financial markets.
The CBOE Vix equity volatility index, a barometer of investor sentiment, slipped below 11 on Friday, nearly half the long-term average and to its lowest close since February 2007.
Source: FT.com
June 6, 2014--The federal government ran a budget deficit of $439 billion for the first eight months of fiscal year 2014, CBO estimates-$188 billion less than the shortfall recorded over the same span last year and the smallest deficit for those months since fiscal year 2008. Compared with the amounts at this point last year, revenues were about 7 percent higher and outlays about 2 percent lower.
Receipts for the first eight months of fiscal year 2014 totaled $1,935 billion, CBO estimates-$135 billion more than receipts in the same period last year.
Source: Congressional Budget Office (CBO)
SMEZ Offers an Opportunity to Diversify European Exposure Amid Market Recovery
June 5, 2014--State Street Global Advisors (SSgA), the asset management arm of State Street Corporation, today announced the launch of the SPDR EURO STOXX Small Cap ETF (symbol:SMEZ). Designed to provide investors with access to small companies across the euro zone, SMEZ began trading on the NYSE Arca on June 5, 2014.
"As Europe's economy recovers from a double-dip recession that began in 2008, investors are growing more optimistic about the growth potential of European equities," said James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. "With the launch of the SPDR EURO STOXX Small Cap ETF, investors will have an opportunity to diversify their European equity holdings while gaining exposure to small cap stocks, an asset class that tends to be highly correlated to the performance of local markets1."
Source: MarketWatch
June 5, 2014--BlackRock, Inc, (NYSE:BLK) today announced that its iShares(R) Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, launched three new minimum volatility ETFs designed to help investors manage risk in their portfolios.
The new ETFs build on the success of the original iShares Minimum Volatility ETFs, which launched in 2011 and have nearly $7 billion in Assets under Management (AUM), and aim to provide lower risk alternatives to international exposures.
The new ETFs are:
iShares MSCI Europe Minimum Volatility ETF
iShares MSCI Japan Minimum Volatility ETF
iShares MSCI Asia ex Japan Minimum Volatility ETF
Source: Reuters
June 5, 2014--The head of the US Securities and Exchange Commission on Thursday recommended moves to stop computer-driven high-frequency traders from disrupting equity markets
, increase disclosure on trading volumes and speed up the availability of data, in a bid to improve market stability....
Source: FT.com
June 5, 2014--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today plans to propose a sub-advisor change for the AdvisorShares Cambria Global Tactical ETF (nyse arca:GTAA) for the approval of the AdvisorShares Trust's Board of Trustees.
Chapel Hill, North Carolina-based Morgan Creek Capital Management would serve as GTAA's new sub-advisor with its CEO Mark W. Yusko as portfolio manager. Pending the Board's approval, the sub-advisor change would then be subject to shareholder approval.
Source: MarketWatch
