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IMF Working paper-The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru
September 29, 2017-- Summary:
This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses of key macroeconomic variables to terms-of-trade shocks and (ii) an event study of the adjustment to the recent decline in commodity prices.
The experiences of these countries highlight the importance of flexible exchange rates to help with the adjustment to lower commodity prices, and staying vigilant in addressing depreciation pressures on inflation through tightening monetary policies. On the fiscal front, evidence shows that greater fiscal space, like in Chile and Peru, gives more room for accommodating terms-of-trade shocks.
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Source: IMF
Invesco to Close and Liquidate Four ETFs in December
September 29, 2017--Invesco (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today that it will close and liquidate the following four ETFs in December 2017:
PowerShares Contrarian Opportunities Portfolio (NYSE Arca: CNTR)
PowerShares Developed EuroPacific Currency Hedged Low Volatility Portfolio (NYSE Arca: FXEP)
PowerShares Europe Currency Hedged Low Volatility Portfolio (NYSE Arca: FXEU)
PowerShares Japan Currency Hedged Low Volatility Portfolio (NYSE Arca: FXJP)
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Source: Invesco PowerShares
Bats Welcomes New PowerShares Fund To The Bats ETF Marketplace
September 29, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed a new PowerShares PureBeta fund to the Bats ETF Marketplace.
The launch brings the total number of PowerShares funds listed on the Bats ETF Marketplace to 16.
The PowerShares PureBeta US Aggregate Bond Portfolio fund (Bats: PBND) seeks to track the investment results of The BofA Merrill Lynch US Broad Market Index. It follows five PowerShares PureBeta Funds that launched on the Bats ETF Marketplace last week.
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Source: Bats Global Markets
Solactive launches Future Cars Index Canadian Dollar Hedged
September 29, 2017--Used as the reference index for Evolve Automobile Innovation Index ETF
(CARS)
Solactive is excited to announce the launch of the Solactive Future Cars Index Canadian Dollar Hedged, which is the new underlying index for the Evolve
Automobile Innovation Index ETF (CARS). CARS will begin to trade today on the
Toronto Stock Exchange and is designed to give Canadian investors access to an
exciting investment theme in the development of future cars.
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Source: Solactive AG
Deutsche Asset Management's US ETFs Renamed to Xtrackers in Line with Global Product Line
September 29, 2017--Deutsche Asset Management (Deutsche AM) today announced the renaming of its US exchange-traded funds (ETFs) to Xtrackers to harmonize the fund names with the change previously announced for European and Asian ETFs and exchange-traded commodities (ETCs).
Deutsche X-trackers will be replaced with "Xtrackers" to further align with Deutsche AM's other index trackers. The US suite of ETFs, with more than $12.5 billion in AUM (as of August 31, 2017) in 35 ETFs, provides unique investment opportunities to clients through products offering access to brand new marketplaces, funds that seek better risk-adjusted returns, and products that provide the potential ability to benefit from further efficiencies in the market.
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Source: Deutsche Asset Management
Evolve Automobile Innovation Index ETF (TSX: CARS) and Evolve Active Canadian Preferred Share ETF (TSX: DIVS) Begin Trading on the TSX
September 29, 2017--Evolve Funds Group Inc. ("Evolve Funds") is pleased to announce the launch of the following ETFs in Canada ("Evolve ETFs"):
The Evolve Automobile Innovation Index ETF ("CARS"); and
The Evolve Active Canadian Preferred Share ETF ("DIVS")
The Evolve ETFs have closed their initial offering of hedged and unhedged units, as applicable, and will begin trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbols:
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Source: Evolve Funds Group Inc.
ALPS ETF Trust Announces Index Provider Change for ALPS Equal Sector Weight ETF
September 29, 2017--ALPS ETF Trust Announces Index Provider Change For ALPS Equal Sector Weight ETF (NYSE Arca: EQL) (the "Fund").
Effective prior to the commencement of trading on October 2, 2017, the Fund's Underlying Index will change from the Bank of America Securities-Merrill Lynch Equal Sector Weight Index (ticker symbol BASMLESW) to the NYSE Select Sector Equal Weight IndexSM (ticker symbol NYXLEW).
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Source: ALPS
CFTC.gov Commitments of Traders Reports Update
September 29, 2017--The current reports for the week of September 26, 2017 are now available.
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Source: CFTC.gov
SEC to Gather Data on Unregistered Advisors, Brokers
September 29, 2017--Agency seeing many infractions involving distributed ledger technology; third-party advisor exams not front of mind, SEC's Clayton said
The Securities and Exchange Commission is mulling compiling data on people who are not registered as advisors or brokers in order to catch more incidences of fraud, the agency's chairman said.
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Source: thinkadvisor.com
XTF ETF Fund Stats Top 5 ETFs Funds week ending september 22, 2017 view complete report
September 29, 2017--View the top 5 ETF highs & lows, most active, top inflows & outflows, movers & laggards, successful recent launches, trade with caution and more
Source: XTF