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CFTC.gov Swaps Report Update
January 15, 2014--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
BNY Mellon launches SMA platform
Service will enhance discretionary portfolio offerings
January 15, 2014--US-BASED BNY Mellon is rolling out a separately managed account (SMA) platform that it hopes to market to private banks.
A separately managed account is a portfolio of securities managed on a discretionary basis. One of the big differences from unit trusts is that the investor directly customises the portfolio assets, such as stocks and bonds. Another is that investors get full transparency of holdings.
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Source: BT Premium
NYSE Euronext and Invesco PowerShares Announce Launch of NYSE Century ETF
ETF Tracks 100-Year Icons of American Business in the NYSE Century IndexSM
January 15, 2014--NYSE Euronext and Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca.
NYCC is based on the NYSE Century Index, which includes U.S. companies that have been incorporated for at least 100 years, are listed on a U.S. exchange and have a market capitalization of at least $1 billion.
NYSE says it would take over Nasdaq stock quote system view more RBC Global Asset Management Inc. Launches Four New ETF view more FRB-Beige Book Fed eyes fresh measures to restrict banks' commodities trading view more Toroso(TM) -Point Of View-Alternative To What? view more Deutsche Bank lowers fees on China A-shares ETF view more
Worried Fed seeks to curb Wall Street banks commodity trade view more
Source: NYSE Euronext
January 15, 2014--NYSE Euronext offered on Wednesday to take over the data processor at the center of the massive Nasdaq trading outage last August after Nasdaq OMX Group Inc (NDAQ.O) indicated it would stop running it.
NYSE Euronext "would be happy to" run the Nasdaq securities information processor (SIP) that provides investors with stock quotes and last sale prices, Duncan Niederauer, chief executive of NYSE Euronext, told CNBC on Wednesday.
Source: Rueters
January 15, 2014--RBC Global Asset Management Inc. (RBC GAM) today announced the launch of four new Exchange Traded Funds (ETFs) specifically designed to meet investors' demand for investments generating regular monthly income.
The new RBC Quant Dividend Leaders ETFs and RBC 1-5 Year Laddered Corporate Bond ETF are now available for purchase by advisors, individual and institutional investors on the Toronto Stock Exchange (TSX).
Source: RBC Global Asset Management
January 15, 2014--Summary
Reports from the twelve Federal Reserve Districts suggest economic activity continued to expand across most regions and sectors from late November through the end of the year. Nine Districts indicated the local economy was expanding at a moderate pace; among these, the Atlanta and Chicago Districts saw conditions improve compared with the previous reporting period.
Boston and Philadelphia cited modest growth, while Kansas City reported the economy held steady in December. The economic outlook is positive in most Districts, with some reports citing expectations of "more of the same" and some expecting a pickup in growth.view the Beige Book January 2014
Source: FRB
January 14, 2014-The Federal Reserve cited recent disasters, including the BP oil spill in the Gulf of Mexico in 2010, as it sought comment on whether it should further limit banks in their physical commodities businesses.
The regulator said on Tuesday it was examining whether to impose capital charges and increase insurance requirements on banks to restrict further their trading of physical commodities.
Source: FT.com
January 14, 2014--The world of alternative investing has experienced massive expansion in the past few years through new mutual funds and Exchange-Traded Products (ETPs). Until now, this is a part of the investment universe that has been relatively opaque and inaccessible to the average investor, as evidenced by the above excerpt from Investopedia website.
However, recent Morningstar data suggests that the alternative mutual fund landscape now accounts for about $1 trillion dollars, mostly in tactical allocation funds, risk parity funds, and funds using futures and long/short strategies, which is quite different from the landscape of alternative Exchange-Traded Products (ETPs), which is a mere $8.1 billion and heavily dominated by volatility-focused products. In this commentary, Toroso will try to define the alternative ETP landscape and conclude with one method of using...
Source: Toroso
A week after a second ETF entered the Chinese A-share exchange-traded fund market, Deutsche Bank is cutting fees.
January 14, 2014--On Monday, Deutsche's db-X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) reduced its expense ratio from 1.08% to 0.82%.
This follows last week's launch of a nearly identical ETF from Van Eck Associates, the Market Vectors ChinaAMC A-Share ETF (PEK), which has an expense ratio of 0.72%
Source: Investment News
January 14, 2014--The U.S. Federal Reserve on Tuesday took a first formal step toward restricting the role of Wall Street banks in trading physical commodities, citing fears that a multibillion-dollar disaster could bring down a bank and imperil the stability of the financial system.
The Fed board voted to publish its concerns and potential remedies following months of growing public and political pressure to check banks' decade-long expansion into the commodities supply chain. The Fed also questioned the initial rationale for allowing them to trade and invest in risky raw materials and lease oil tanks or own power plants.
Source: Chicago Tribune
