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New Rules Would Make It Easier to Boot ETFs From Exchanges
March 31, 2017--ETFs could be delisted if holdings become too concentrated or hard to trade
New rules set to take effect in October could tap the brakes on the proliferation of new exchange-traded funds in the fast-growing industry. As ETFs in the $2.8 billion marketplace become more complex, securities regulators say they're looking to shield investors from thinly traded securities that could be vulnerable to price manipulation.
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Source: CFTC.gov
CBO-The 2017 Long-Term Budget Outlook
March 30, 2017--If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years-reaching the highest level of debt relative to GDP ever experienced in this country.
At 77 percent of gross domestic product (GDP), federal debt held by the public is now at its highest level since shortly after World War II. If current laws generally remained unchanged, the Congressional Budget Office projects, growing budget deficits would boost that debt sharply over the next 30 years; it would reach 150 percent of GDP in 2047. The prospect of such large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges.
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Source: Congressional Budget Office (CBO)
Pro-investor reforms take hold, despite Trump move
March 30, 2017--Fiduciary rule will require advisers to act in their clients' best interests.
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Source: FT.com
'Active management is worse than a zero-sum game'
March 30, 2017--Tom Faust, chief executive of Eaton Vance, on robo-advice and 'custom beta'
Everyone was in high spirits at the retirement party for Jim Hawkes when he stepped down as chief executive of Eaton Vance after 11 years.
Just hours earlier, the Boston asset manager's stock had hit a record high, trading over $50 for the first time, and Mr Hawkes was jubilantly handing the reins to his long-time heir apparent, Tom Faust.
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Source: FT.com
Exchange Traded Concepts files with the SEC
March 30, 2017--Exchange Traded Concepts has filed a post-effective amendment, registration statement with the SEC for the WeatherStorm Forensic Accounting Long-Short ETF
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Source: SEC.gov
Bats Welcomes StrongVest as a New Issuer to the Bats ETF Marketplace
March 30, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded fund (ETF) trading globally, today welcomed StrongVest Global Advisers, LLC as a new issuer to the Bats ETF Marketplace.
The StrongVest CWA Income ETF (Bats: CWAI), the firm's first ETF, seeks to achieve its investment objective by investing its assets in a diversified portfolio of corporate bonds with varying maturities and equity securities.
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Source: CBOE Holdings, Inc
BlackRock Takes on Ivory Tower Over Stock-Ownership Research
March 29, 2017--Academics suggest asset managers can discourage competition
Novick says it's premature for lawmakers to act on findings.
The world's largest asset managers are muscling into an academic debate, attempting to rebut research into their market power before lawmakers latch onto it to support investing curbs.
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Source: Bloomberg
CFTC.gov Swaps Report Update
March 29, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
BlackRock turns to robotic stock pickers
March 28, 2017--The money manager will reposition some stock funds, adjust fees and streamline research as part of an overhaul of its stock-picking unit
BlackRock Inc. has started a shake-up of its stock picking business, relying more on robots rather than humans to make decisions on what to buy and sell.
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Source: Wall Street Journal
