Americas ETP News
If your looking for specific news, using the search function will narrow down the results
CBO-H.R. 1628, Better Care Reconciliation Act of 2017
June 26, 2017--CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting the legislation-which would repeal or modify many provisions of the Affordable Care Act-would reduce federal deficits by $321 billion over the coming decade.
CBO and JCT estimate that in 2018, 15 million more people would be uninsured under the legislation than under current law. After additional changes to subsidies for insurance purchased in the nongroup market and to the Medicaid program took effect, the increase in the number of uninsured people would rise to 19 million in 2020 and then to 22 million in 2026.
view more
Source: Congressional Budget Office (CBO)
AdvisorShares Weekly Market Review-Central Bank Hedge Funds?
June 26, 2017--Highlights of the Week Ending 6/23/2017
Macro
For the third week in a row, the more volatile benchmarks outperformed the stodgier ones.
The Dow Jones Industrial Average was up five basis points and the S&P 500 added twenty basis points compared to 0.64% lift for the Russell 2000 and the 1.83% jump for NASDAQ.
view more
Source: AdvisorShares
Evolve Funds Group Inc. Announces Filing of Preliminary Prospectus for Actively-Managed ETFs Evolve Funds Group Inc. Announces Filing of Preliminary Prospectus for Actively-Managed ETFs
June 26, 2017--Evolve Funds Group Inc. ("Evolve Funds") announces the filing of a preliminary prospectus with the Canadian securities regulators in connection with the launch of four actively managed exchange-traded funds (the "Evolve ETFs"):
Evolve Active US Core Equity ETF-(Hedged and Unhedged classes)
view more
Source: Evolve Funds Group Inc.
WisdomTree Canada Launches Two New Smart Beta Fixed Income ETFs on the TSX Google+ Share with LinkedIn
June 26, 2017--WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada"), today announced the launch of two smart beta fixed income ETFs, the WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF ("CAGG") and the WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF ("CAGS") (collectively the "Funds").
WisdomTree Canada has completed the initial public offering of the non-hedged units of the Funds. The non-hedged units of the WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF and the WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF will commence trading on the Toronto Stock Exchange ("TSX") today under the ticker symbols CAGG and CAGS, respectively.
view more
Source: WisdomTree
Fierce resistance to ban on Canadian commission fees
June 24, 2017--Asset managers insist the regulator's proposed changes will hurt savers.
view more
Source: FT.com
CBO-Report on the Troubled Asset Relief Program-June 2017
June 23, 2017--CBO estimates that the net cost of the TARP will total $33 billion-$3 billion higher than the agency's March 2016 estimate because of an increase in projected disbursements for mortgage programs.
In October 2008, the Emergency Economic Stabilization Act of 2008 (Division A of Public Law 110-343) established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of "troubled assets."
view more
Source: Congressional Budget Office (CBO)
AdvisorShares-Active ETF Report-May 2017
June 23, 2017--In May, assets in actively managed ETFs increased by $2.06 billion, or 5.8%, to $35.8 billion. Active ETFs realized a net gain of two new funds last month, which brought their overall total to 170.
view more
Source: AdvisorShares
When MSCI and S&P Rule the World
June 23, 2017--With index funds poised to dominate investing, will index makers leave Snap (and maybe even Facebook) out in the cold?
Sometime in the next four to seven years, passive investment vehicles will come to constitute more than 50 percent of assets under management in the U.S., analysts at Moody's Investors Service predicted in February.
view more
Source: Bloomberg
Harvest Portfolios Group Inc. Announces Completion of ETF Conversion and Initial Listing of US Dollar Class of Tech Achievers Growth & Income ETF
June 22, 2017--Tech Achievers Growth & Income Fund (TSX:HTA.UN) (the "Fund") announces that, pursuant to a final prospectus dated June 14, 2017 filed with the securities regulatory authorities in all of the Canadian provinces and territories in connection with the conversion of the Fund from a closed-end fund to an exchange traded fund,
the Fund has completed its conversion of Class A Units of the Fund into Class A Units of an exchange-traded fund and will commence trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbol: HTA:TSX.
view more
Source: Harvest Portfolios Group Inc.
VictoryShares Launches Minimum Volatility ETF
June 22, 2017--New ETF Aims to Lower Volatility Using an Innovative Multi-Factor Approach
Victory Capital today announced that it has launched the VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV), which began trading on the Nasdaq Stock Market® on June 22, 2017. The new ETF seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index (NQVMVUS), which Victory Capital developed in partnership with Nasdaq.
view more
Source: Victory Capital
