Americas ETP News
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Certain ProShares Commodity ETFs Change Fund and Index Names
July 1, 2014--On or about July 1, 2014, the DJ-UBS commodity indexes will become the Bloomberg Commodity Index family.
As a result, the names of these indexes are changing, as are the names of the ProShares ETFs that seek to track the indexes. Note that only the names are changing. The methods for selecting index components remain the same, as do the investment objectives of the ETFs.
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Source: ProShares
Compass EMP Lists Three New ETFs on The NASDAQ Stock Market
CFA, CFO and CDC, to Begin Trading on July 2nd, 2014
July 1, 2014--NASDAQ OMX today announced that Compass EMP will list three new exchange traded funds (ETFs) on Wednesday, July 2nd, 2014. Compass EMP U.S. 500 Volatility Weighted Index ETF (Symbol:CFA), Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (Symbol:CFO) and Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (Symbol:CDC), will list on The NASDAQ Stock Market(R) (NASDAQ(R)).
"We are excited to introduce the first broad market, smart beta index that enhances market efficiency through fundamental criteria and security volatility weighting,"said Stephen Hammers, Chief Investment Officer of Compass EMP Funds. "These ETFs are also the first to market that have the ability to liquidate 75% of the securities in the index to cash in the event of a market decline."
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Source: NASDAQ OMX
CFTC Staff Extends Time-Limited, No-Action Relief for Swap Dealers and Major Swap Participants from Compliance with Reporting Obligations
July 1, 2014--The U.S. Commodity Futures Trading Commission's (Commission) Division of Market Oversight (Division) recently issued a no-action letter extending until June 30, 2015
the relief previously provided in no-action letter 13-34, expiring on June 30, 2014
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Source: CFTC.gov
ALPS|Sterling ETF Tactical Rotation Fund Launches with Goal of Delivering Upside Participation with Reduced Volatility
Unique Investment Approach Seeks to Combine Global Asset Allocation, Cash, and High Conviction
July 1, 2014--ALPS, a DST Company focused on asset servicing and asset gathering, today announced the launch of the ALPS Sterling ETF Tactical Rotation Fund, a new fund that attempts to provide investors lower volatility, downside mitigation and better upside participation.
The Fund seeks to track the Sterling Tactical Rotation Index, a high conviction, global tactical index that employs an equal weighted strategic rotation model, trading between six broad-based asset classes: U.S. stocks, International stocks, REITs, Bonds, Commodities, and Cash.
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Source: ALPS
Schwab Says ETFs Gaining More Retirement Assets
June 30, 2014--The latest Charles Schwab Self-Directed Brokerage Account (SDBA) Indicators report shows more self-directed investors are allocating retirement asset to exchange traded funds.
The report, which highlights trends from approximately 170,000 retirement plan participants who currently have balances between $5,000 and $2 million in their Schwab Personal Choice Retirement Account, shows self-directed investors allocated 14% of their total retirement portfolios to ETFs at the end of the first quarter.
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Source: Yahoo Finance
First Trust Launches Actively Managed Short Duration High Yield Bond ETF
June 30, 2014--New ETF Provides Currency Hedged and Duration Managed Exposure to High Yield Corporate Bond Market
FT Portfolios Canada Co. ("First Trust Canada"), a privately owned company is pleased to announce the launch and initial issuance of the common and advisor class of units of the First Trust Short Duration High Yield Bond ETF (the "First Trust ETF").
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Source: MarketWatch
iShares Announces Index Change to iShares 10+ Year Credit Bond ETFs
June 26, 2014--iShares announced today that the iShares 10+ Year Credit Bond ETF (NYSEArca:CLY) will change its index effective June 30, 2014.
CLY's new index will be the Barclays U.S. Long Credit Index. The index change places all of the iShares credit ETFs with Barclays' indices.
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Source: Bloomberg
CFTC's Division of Clearing and Risk Issues No-Action Letter for Korea Exchange, Inc.
June 26, 2014--The U.S. Commodity Futures Trading Commission's (Commission) Division of Clearing and Risk (DCR) today issued a time-limited no-action letter stating that DCR will not recommend that the Commission take enforcement action against Korea Exchange, Inc. (KRX)
for failing to register as a derivatives clearing organization (DCO) pursuant to Section 5b(a) of the Commodity Exchange Act (CEA).
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Source: CFTC.gov
US Economy Shrank at Steep 2.9 Percent Rate in Q1
June 25, 2014--The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago.
But the setback is widely thought to be temporary, with growth rebounding solidly since spring.
The first-quarter contraction reported Wednesday by the government was even more severe than the 1 percent annual decline it had estimated a month ago.
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Source: ABC News
SEC Adopts Cross-Border Security-Based Swap Rules
June 25, 2014--The Securities and Exchange Commission today adopted the first of a series of rules and guidance on cross-border security-based swap activities for market participants.
The new rules will be key to finalizing the remaining proposals.
The rules and guidance explain when a cross-border transaction must be counted toward the requirement to register as a security-based swap dealer or major security-based swap participant. The rules also address the scope of the SEC's cross-border anti-fraud authority.
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Source: SEC.gov
