Americas ETP News
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Fidelity rolls out new ETF managed account with BlackRock
April 24, 2014--Fidelity Investments and BlackRock Inc, already partners in the exchange-traded funds market, are teaming up once again to launch a new ETF-heavy managed account aimed at providing income for investors preparing for retirement.
The new BlackRock Diversified Income Portfolio, which will be roughly 70 percent invested in ETFs, will be available beginning May 1 exclusively to the roughly 14 million retail customers who have Fidelity brokerage accounts, the company said on Thursday.
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Source: Reuters
BlackRock Starts ETF in Brazil to Follow S&P 500 Index
April 23, 2014--BlackRock Inc. (BLK) said it will list an exchange-traded fund on the Brazilian stock exchange to track the U.S. benchmark Standard & Poor's 500 Index.
The ETF will be the first listed in Brazil linked to the performance of stocks trading outside the country, BlackRock spokeswoman Melissa Garville said in an e-mailed statement. The ETF, to be called the iShares S&P 500 FIC FI Investimento no Exterior, will start trading April 29, according to a separate statement from the exchange operator, BM&FBovespa SA. (BVMF3)
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Source: Bloomberg
NYSE ARCA-Listing of 1 Barclays ETN
April 22, 2014--NYSE Euronext is pleased to announce that on Thursday, April 24, 2014, the following ETN will be listed on NYSE Arca and will begin trading as a new issue:
Security Name:Barclays OFI SteelPath MLP ETN
Short Name: Barclays OFI MLP ETN
CUSIP: 06742K 61 8
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Source: NYSE Arca
NYSE Arca-1 ETF Launch: iShares
April 22, 2014--NYSE Euronext is pleased to announce that on Thursday, April 24, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: iShares Yield Optimized Bond ETF
Short Name: iShares Opto Yield
CUSIP: 46434V 78 7
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Source: NYSE Euronext
BlackRock Canada Announces Launch of the iShares MSCI Europe IMI Index ETF
April 22, 2014--iShares, the industry-leading exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), today announced the launch of the iShares MSCI Europe IMI Index ETF (TSX:XEU) which seeks to track the MSCI Europe IMI (Investable Market Index).
he MSCI Europe IMI captures large-, mid-and small-cap representation across 15 the developed markets countries in Europe, and includes 1, 315 constituent equities. The new fund's management fee is 0.25% and was launched under the ticker TSX:XEU.
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Source: Bloomberg
WisdomTree Extends Global Reach in Latin America
April 21, 2014--WisdomTree Investments, Inc., an exchange-traded fund ("ETF") sponsor and asset manager, today announced La Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR), the Mexican pension funds investment regulator, has approved 6 WisdomTree ETFs for sale to Mexican Pension Funds (AFORES).
This is a necessary condition before they can be purchased in accordance with pension plan investment guidelines. There are currently approximately $140 billion (USD) in assets invested in Mexican pension funds.1
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Source: CNBC
BMO Asset Management Inc. Cuts Management Fees on Its ETFs
April 21, 2014--BMO Asset Management Inc. ("BMO AM") today announced that it is reducing the maximum annual management fee on certain of its exchange traded funds (collectively, "the ETFs").
Effective on or about April 30, 2014, the annual management fee for the ETFs will be reduced as follows:
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Source: MarketWatch
NYSE ARCA-1 ETF Launch-EGShares
April 21, 2014--NYSE Euronext is pleased to announce that on Wednesday, April 23, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: EGShares Blue Chip ETF
Short Name: EGShares BlueChipETF
Cusip: 268461 365
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Source: NYSE Arca
BMO Asset Management Inc. Cuts Management Fees on Its ETFs
April 21, 2014--BMO Asset Management Inc. ("BMO AM") today announced that it is reducing the maximum annual management fee on certain of its exchange traded funds (collectively, "the ETFs").
Effective on or about April 30, 2014, the annual management fee for the ETFs will be reduced as follows:
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Source: BMO
Invesco PowerShares to Launch the First Variable Rate Preferred ETF
April 21, 2014--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced the anticipated listing of the PowerShares Variable Rate Preferred Portfolio (VRP) on May 1, 2014, on the NYSE Arca. VRP will provide income-seeking investors efficient access to a portfolio of variable-rate preferred securities.
Variable-rate preferred securities are typically issued at rates below fixed-rate preferred securities of similar quality, in exchange for the issuer bearing most of the risk for changes in interest rates. Accordingly, variable-rate preferred securities are priced more like short-term instruments, rather than long-term instruments, and are generally less sensitive than fixed-rate preferred securities to changes in interest rates.
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Source: Invesco PowerShares
