Americas ETP News
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U.S. Productivity Falls by Most in a Year; Labor Costs Climb
May 4, 2017--U.S. worker productivity declined in the first quarter by the most in a year as growth in the world's largest economy weakened, a Labor Department report showed Thursday.
Key Points
The measure of employee output per hour decreased at a 0.6 percent annual rate (forecast was a 0.1 percent decline) after a revised 1.8 percent gain in the prior three months.
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Source: Bloomberg
IMF-Brazil : Fiscal Transparency Evaluation
May 3, 2017--Despite the development of fiscal responsibility legislation, several weaknesses in fiscal transparency have had adverse effects on the quality of fiscal policy-many of which are being addressed.
Brazil has made significant progress over recent decades in providing regular information on the budget and its implementation at all levels of government, partly driven by the 2000 Fiscal Responsibility Law (FRL).
view the IMF-Brazil :Fiscal Transparency Evaluation report
Source: IMF
The Mystery of the Stubbornly-Low Volatility Index Is Deepening
May 3, 2017--VIX ETPs have created flood of liquidity in the futures market
'Roll forward" built into ETP structure could suppress prices
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Source: Bloomberg
Direxion Launches Five 3X Leveraged ETFs
May 3, 2017--New ETFs Provide Exposure to Areas Affected by Changing Economic and Trade Policies
Direxion has launched five leveraged ETFs, further expanding its existing lineup of over 75 leveraged and inverse ETFs.
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Source: Direxion
U.S. SEC approves request to list quadruple-leveraged ETFs
May 2, 2017-- The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States.
The request to list ForceShares Daily 4X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4X US Market Futures Short Fund, under the ticker DOWN, was filed by Intercontinental Exchange Inc's NYSE Arca exchange.
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Source: Reuters
ETF Managers Group Launches New FINRA-Registered Broker Dealer
May 2, 2017--ETF Managers Group LLC (ETFMG), the leading private
label issuer of exchange traded funds (ETFs), today announced that it has launched its own FINRA-registered broker dealer, ETFMG Financial LLC, to provide distribution services to its
growing family of ETFs.
The ETF Managers Group funds utilizing the new broker dealer are: the PureFunds family of ETFs (HACK, BIGD, FINQ, GAMR, IFLY, IMED, IPAY and SILJ); Etho Climate Leadership U.S. ETF (ETHO); Sit Rising Rate ETF (RISE); Spirited Funds/ETFMG Whiskey & Spirits ETF (WSKY);...
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Source: ETF Managers Group (ETFMG)
State Street Global Advisors Strengthens Global SPDR Business with Product and Marketing Appointments
May 2, 2017--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT) today announced two new appointments: Noel Archard has been named head of global SPDR product, and Seth Morrison has been named head of global SPDR marketing.
Both will be based in Boston. SSGA is a global leader in exchange traded funds, with $558 billion in ETF assets under management.1
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Source: State Street Global Advisors
Barclays and Professor Robert Shiller Launch New Family of Equity Value-Based Indices
May 2, 2017--Single Stock Indices add to the existing range of jointly-developed indices based on the Cyclically Adjusted Price Earnings(R)(CAPE(R) ratio.
Barclays today announced the launch of the Shiller Barclays CAPE(R) Single Stock Index Family, a new addition to the successful series of equity sector indices designed jointly by Professor Robert Shiller and Barclays.
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Source: Bats Global Markets
Report on Foreign Portfolio Holdings on U.S. Securites at End-June 2016
April 28, 2017--The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2016 were released today on the Treasury website at https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/fpis.aspx.
The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will cover holdings at the end of June 2017; preliminary data are expected to be released by February 28, 2018.
Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually. Data from the most recent survey, reporting on securities held at year-end 2016, are currently being processed. Preliminary results are expected to be reported by August 31, 2017.
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Source: US Department of the Treasury
