Americas ETP News
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Focus on fiduciary standard puts adviser negligence in spotlight
June 22, 2017--SEC highlights how some professionals face greater scrutiny than others.
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Source: FT.com
First Trust Launches the First Trust California Municipal High Income ETF
June 21, 2017--An actively managed ETF that seeks to provide federal and California tax-exempt income
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new actively managed ETF, the First Trust California Municipal High Income ETF (NASDAQ: FCAL) (the "fund"). The fund seeks to provide income that is exempt from regular federal income taxes and California state income taxes with long-term capital appreciation as a secondary objective.
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Source: First Trust
Columbia Core Bond ETF, Columbia Intermediate Municipal Bond ETF, Columbia Emerging Markets Core ETF and Columbia EM Strategic Opportunities ETF to Close and Liquidate
June 21, 2017--Columbia Core Bond ETF (NYSE Arca: GMTB), Columbia Intermediate Municipal Bond ETF (NYSE Arca: GMMB), Columbia Emerging Markets Core ETF (NYSE Arca: EMCR) and Columbia EM Strategic Opportunities ETF (NYSE Arca: EMDD) today announced that each will be closed, and their respective assets will be liquidated to shareholders on or about July 28, 2017.
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Source: Columbia Management Investment Advisers, LLC
Guggenheim Takes Core Multi-Factor Strategies to the Next Level with Launch of Multi-Factor Large-Cap ETF (GMFL)
June 20, 2017--Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the addition of Guggenheim Multi-Factor Large-Cap ETF (GMFL) to its line of innovative investment strategies.
Guggenheim Multi-Factor Large-Cap ETF seeks to track the performance of the Guggenheim Multi-Factor Large-Cap Index, designed to identify attractive companies with strong performance potential via a multi-factor approach. The index is comprised of a focused basket of approximately 50 stocks selected from the S&P 500(R) Index.
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Source: Guggenheim Investments
Swank Capital and Cushing(R) Asset Management Announce Launch of ETN Tracking The Cushing(R)30 MLP Index
June 19, 2017--Swank Capital, LLC, and Cushing(R) Asset Management, LP, announce today that JPMorgan Chase Financial Company LLC (JPMCFC) has launched an Exchange Traded Note (ETN) listed on NYSE Arca under the ticker symbol PPLN that is designed to track the performance of The Cushing(R) 30 MLP Index.
The ETNs are named the J.P. Morgan Cushing(R) 30 MLP Index ETNs and are due in 2037.
A< href="http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-launch-of-etn-tracking-the-cushing-30-mlp-index-300475770.html" TARGET="_blank">view more
Source: Cushing Asset Management, LP
AdvisorShares Weekly Market Review-The Hike Everyone Was Expecting
June 19, 2017--Highlights of the Week Ending 6/16/2017
Macro
The FOMC met last week and of course hiked rates to a new range of 1.00%-1.25%. The move was widely expected, built into Fed Funds futures pricing but seems to be widely derided as well.
Barron's made the argument that the policy group is underestimating the downward pressure on prices from creative destruction seen in things as mundane as unlimited data plans getting cheaper and cheaper.
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Source: AdvisorShares
Pacer ETFs Launches 2 New ETFs in the Cash Cows IndexSM Series
June 19, 2017--The Pacer US Small Cap Cash Cow ETF (BATS:CALF) and The Pacer Developed Markets International Cash Cows 100 ETF (ICOW) will add a small-cap and international presence to the series.
Pacer ETFs proudly announces the release of two new exchange traded funds (ETFs) in their Cash Cows IndexSM ETF Series.
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Source: Pacer Financial
Hartford Funds Appoints Gina Lombardi as Relationship Manager to Support Wirehouse Strategic Relationship Management Team Deutsche Bank Markets Research-North America-United States-US ETF Compass view more Robo Advisers' Latest Foray: Socially Responsible Investing view more
June 19, 2017---Hartford Funds today announced that Gina Lombardi has joined the firm's Wirehouse Strategic Relationship Management (SRM) team as Relationship Manager.
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Source: Hartford Funds
June 19, 2017--US ETPs continued on strong pace by experiencing 2.1% asset growth in May
ETFs reflected strong international markets during May
Global Equities were up by 2.21% during last month, mainly boosted by Intl DM
and EM equities with returns of 3.54% and 2.85%, respectively; similarly, US
equities were up by 1.01%. Fixed Income registered gains by 0.69%, led by Intl
DM Debt (1.92%) and followed by EM Gov Debt Local with returns of 1.57%.
Source: Source: Deutsche Bank Research-North America United States-Synthetic Equity & Index Strategy
June 18, 2017--Digital investment services focus on niches to stand out from crowd
As the millennial investor comes of age, two youthful trends are converging: socially responsible investing and robo-advisory services.
Over the past year, a small but growing number of firms have introduced automated-or "robo"-investment services that include socially responsible investments.
Source: Wall Street Journal
