Americas ETP News
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CFTC.gov Swaps Report Update
November 15, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Vanguard's 2017 Prediction: A Record $350 Billion In New Cash
November 15, 2017--Vanguard benefiting from shift away from money managers who specialize in handpicking winners.
Vanguard Group quadrupled in size over the last eight years. It is about to get even bigger.
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The money management giant is on pace to collect a record one-year total of about $350 billion in investor cash by the end of 2017, Chief Executive F. William McNabb III said in an interview Wednesday following a shareholder meeting in Scottsdale, Ariz.
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Source: Wall Street Journal
S&P, MSCI to blend telecom, media stocks in one sector
November 15, 2017--A stock market index revamp could put the FANG stocks under one roof.
Shares of companies specializing in telecommunications, media and entertainment will be combined into a single sector in a major overhaul of U.S. indexes, including the benchmark S&P 500 .SPX, S&P Dow Jones Indices and MSCI Inc (MSCI.N) said on Wednesday.
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Source: Reuters
State Street Enhances ESG Products with New Data and Analytics Offerings
November 15, 2017--New Tools Help Clients Measure Environmental, Social, and Governance Risks, Bring Greater Transparency to Their Portfolios' ESG Profiles
State Street (NYSE:STT) today announced it has enhanced its portfolio of environmental, social and governance (ESG) offerings with the launch of ESGXSM, a new analytics tool designed to provide information to help clients bring transparency and standardization to their ESG investing.
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Source: State Street Corporation
Babson Professor Launches Entrepreneur ETF, Touts New "Entrepreneur Factor"
November 15, 2017--Professor Joel Shuman rings the closing bell at the NYC Stock Exchange to celebrate launch
Babson College Professor Joel Shulman has launched an "Entrepreneur 30" Exchange Traded Fund (ETF).
His innovative ETF holds a basket of the 30 largest Entrepreneur-led publicly-traded companies. The ETF was launched by Shulman, a professor at Babson College the No. 1 school for entrepreneurship, at the leading stock exchange (NYSE), on the first day of Global Entrepreneur Week with a newly released Institutional Investor publication.
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Source: Babson College
State Street Global Advisors Announces ETF Share Splits
November 15, 2017--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today announced one forward and one reverse share split on two SPDR(R) ETFs. The aggregate market value of shares outstanding is not impacted for either fund.
Forward Share Split
The forward share split will decrease the price per share of the SPDR S&P(R)Insurance ETF (KIE) with a proportionate increase in the number of shares outstanding...
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Source: State Street Global Advisors
Direxion Launches 3X Leveraged ETF on Pharmaceuticals
New ETF Provides 300% Exposure to Dynamic Pharmaceutical Intellidex Index
November 15, 2017--Direxion has launched the Direxion Daily Pharmaceutical Bull 3X Shares (Ticker: PILL).
The Fund seeks to achieve 300% of the daily performance of the Dynamic Pharmaceutical Intellidex Index. The index provides exposure to 30 U.S pharmaceutical companies principally engaged in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types.
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Source: Direxion
S&P Dow Jones Indices and MSCI Announce Revisions to the Global Industry Classification Standard (GICS (R)) Structure in 2018
November 15, 2017--S&P Dow Jones Indices, a leading provider of financial market indices, and MSCI Inc., a leading provider of research-based indexes and analytics, announced today that as a result of their annual review of the Global Industry Classification Standard (GICS(R)) structure, the Telecommunication Services Sector is being broadened and renamed as Communication Services to include companies that facilitate communication and offer related content and information through various media.
The renamed Sector will include the existing telecommunication companies, as well as companies selected from the Consumer Discretionary Sector currently classified under the Media Industry Group and the Internet & Direct Marketing Retail Sub-Industry, along with select companies currently classified in the Information Technology Sector.
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Source: MSCI
Mexican bank Intercam and Brickblock discussing partnership to offer tokenized ETFs
November 14, 2017--Intercam Banco Founder and President Eduardo Garcia Lecuona has expressed interest in partnering with Brickblock, the first platform to combine cryptocurrencies and real-world assets on the blockchain, to expand his company's exchange-traded fund (ETF) offerings.
Eduardo Garcia Lecuona has been exploring ways to integrate Intercam's services with the crypto economy.
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Source: The Fintech Times
BNY Mellon Announces Organizational Changes-Thomas Gibbons Appointed CEO of Clearing, Markets and Client Management
November 14, 2017--Five new appointees to the Executive Committee:
Michael Santomassimo Appointed Chief Financial Officer;
Hani Kablawi Appointed CEO of Global Asset Servicing and Chairman of EMEA;
Francis La Salla Appointed CEO of Issuer Services;
Lisa Dolly as CEO of Pershing;
Brian Ruane as CEO of Government Securities Services Corp;
Newly-created strategic role: Head of Digital
As a result of the new organizational and leadership structure, Brian Shea to leave BNY Mellon
The new organizational structure creates three new business units under our Investment Services segment: 1) Clearing, Markets and Client Management, 2) Asset Servicing, and 3) Issuer Services. The new units will combine businesses under common leadership that have natural connections and intersections with clients and will work closely together in developing comprehensive solutions.
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Source: BNY Mellon
