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Five Years Since Listing of BMO's First Four ETFs on the TSX
June 4, 2014--First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion
Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds
Canadian ETF industry assets have increased 14 per cent in last year
BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.
Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.
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Source: BMO Financial Group
Elkhorn files with the SEC
June 4, 2014--Elkhorn has filed a amendment no.1 to a application for exemptive relif with the SEC-actively-managed ETFs.
view filing
Source: SEC.gov
Five Years Since Listing of BMO's First Four ETFs on the TSX
First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion
Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds
Canadian ETF industry assets have increased 14 per cent in last year
June 4, 2014--BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.
Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.
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Source: BMO Financial Group
First Asset Announces Name Changes for Certain ETFs
June 4, 2014--First Asset Investment Management Inc. (First Asset), an independent Canadian investment management company, announced today that, effective tomorrow, June 5, it will change the names of certain of its exchange traded funds (ETFs) as set out below.
In each case, the name change results from the new name of the ETF's underlying index. The index methodologies are unchanged and the name changes do not affect the stock exchange ticker symbols or CUSIPS for the ETFs.
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Source: First Asset
Larry Fink is wrong, leveraged ETFs are 'sound': Pro
May 31, 2014--BlackRock CEO Larry Fink was wrong when he slammed leveraged exchange-traded funds, Luciano Siracusano, chief investment strategist at Wisdom Tree Investments, told CNBC Thursday.
"The structure is sound. They've been tested, just like fixed-income ETFs have been tested during stress, and they've held up very well," he said in an interview with "Closing Bell."
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Source: CNBC
State Street to Open Active ETF Run by Jeffrey Gundlach
May 31, 2014--State Street (STT) Corp. and Jeffrey Gundlach's DoubleLine Capital LP are teaming up to open their first actively managed bond exchange-traded fund to compete with Bill Gross's Pimco Total Return ETF.
SPDR DoubleLine Total Return Tactical ETF will invest in fixed-income securities and be run by Gundlach and Philip Barach, Boston-based State Street said yesterday in a filing with the U.S. Securities and Exchange Commission. The fund, if approved, would list on the NYSE Arca exchange.
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Source: Bloomberg
NASDAQ OMX Lists PowerShares Multi-Strategy Alternative Portfolio ETF
Multi-Strategy ETF Began Trading on May 29, 2014
May 30, 3024--NASDAQ OMX today announced that PowerShares launched a new exchange traded fund (ETF), PowerShares Multi-Strategy Alternative Portfolio ETF (Symbol:LALT), which is listed on The NASDAQ Stock Market(R) (NASDAQ(R)). LALT began trading on NASDAQ on Thursday, May 29, 2014.
"One of the primary goals for investors that use alternative strategies is to minimize exposure to equity and bond markets, and to achieve better risk-adjusted returns compared to portfolios consisting only of traditional asset classes, "said Dan Draper, Invesco PowerShares Managing Director of Global ETFs. "LALT is designed to help investors reach their portfolio objectives by reducing the volatility of returns and mitigating the risk of drawdowns. Invesco PowerShares is committed to providing innovative tools to help investors achieve their goals of wealth accumulation and capital preservation."
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Source: Invesco PowerShares:
S&P 500 sets another record closing high on growth bets
May 29, 2014--The S&P 500 index climbed to its third record closing high in four sessions on Thursday as traders shrugged off data that showed the economy shrank in the first quarter and bet on improvement in the second quarter.
New claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market and giving investors a reason to buy U.S. stocks. Data from the Commerce Department showed that gross domestic product contracted for the first time in three years in the first quarter, although signs indicated it has rebounded.
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Source: Reuters
For first time in 3 years, U.S. economy shrinks
U.S. GDP shrinks in first quarter amid severe weather
May 29, 2014--The U.S. economy contracted for the first time in three years in the first quarter as it buckled under a severe winter, but there are signs it has rebounded and economists say it could grow as much as 4 percent in the current quarter.
he Commerce Department on Thursday slashed its estimate of gross domestic product to show the economy shrank at a 1.0 percent annual rate.
The worst performance since the first quarter of 2011 reflected a far slower pace of inventory accumulation and a bigger than previously estimated trade deficit.
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Source: Chicago Tribune
Morningstar Publishes Research Report about Tracking Efficiency in Chinese Equity Exchange-Traded Funds
May 29, 2014--Morningstar Asia Limited, a subsidiary of independent investment research firm Morningstar, Inc. (NASDAQ: MORN), has published a new research report, "On the Right Track: Measuring Tracking Efficiency in Chinese Equity ETFs," which examines the factors that influence the tracking efficiency of Chinese equity exchange-traded funds (ETFs).
The report is an extension of Morningstar's February 2013 research paper about measuring tracking efficiency in European ETFs.
Authored by Morningstar's global passive strategies research team, the report examines 33 ETFs listed in markets around the world that track the five major Chinese equity indices.
Morningstar analysts used two metrics to evaluate the tracking efficiency of these funds:
Tracking error: the measure of volatility of a fund's return in relation to its benchmark; and
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Source: Morningstar
