Americas ETP News
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Indxx LLC Launches the Indxx U.S. Infrastructure Development Index, Licensed to Global X Funds for Exchange Traded Fund
March 8, 2017--Indxx LLC is pleased to announce the launch of the Indxx U.S. Infrastructure Development Index (the
"Index").
The Index has been licensed to New York-based ETF provider Global X Funds as the underlying benchmark for the Global X U.S. Infrastructure Development ETF (BATS: PAVE), which began trading
today.
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Source: Indxx
Space and biblical indexes launched
March 8, 2017--Developer of custom investment indexes, S-Network Global Indexes, is proving there is an abundance of methods and opportunities to measure and track market performance.
In the past month, the publisher has launched three indexes including the eVALUEator Biblically Responsible Index (BIBLX), the China 300 Index (SNC300), and the Space Index (SPACE).
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Source: financialstandard.com.au
U.S. regulators push new ETF rules despite industry's howl
March 8, 2017--U.S. regulators are advancing rules this week to tighten standards on the ballooning exchange-traded fund industry over the objections of asset managers including BlackRock Inc (BLK.N) and Invesco Ltd (IVZ.N).
The U.S. Securities and Exchange Commission last year pushed the three main ETF trading venues to draft rules that explicitly require the funds to continually pass a number of tests or face the possibility of being shut down, according to three people with knowledge of the matter and the regulator's filings.
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Source: Reuters
Bats Welcomes New Global X Fund to the Bats ETF Marketplace
March 8, 2017--27 Issuers, 156 Funds Now Listed on Bats in the U.S.
Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed a new Global X Fund to the Bats ETF Marketplace.
The Global X U.S. Infrastructure Development ETF (Bats: PAVE) seeks to provide investment results that correspond generally to the price and yield performance of the Indxx U.S. Infrastructure Development Index.
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Source: Bats Global Markets
Pimco revamps BOND ETF, changing fund's name and managers
March 8, 2017--Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund (BOND.P) and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest transformation for what was once the largest actively managed ETF.
The fund's new name will be the Pimco Active Bond ETF. Managers Scott Mather, Mark Kiesel and Mihir Worah are being replaced by David Braun, Jerome Schneider and Daniel Hyman.
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Source: Reuters
Barclays Launches iPath(R) Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN
March 8, 2017--New iPath(R) Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN (ticker: GAZB) provides investors with exposure to the underlying natural gas futures index
Barclays Bank PLC ("Barclays") announced today the launch of the iPath(R) Series B Bloomberg Natural Gas Subindex Total ReturnSM ETNs ("New ETNs") on the NYSE Arca exchange under the ticker symbol GAZB.
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Source: Barclays
Global X Funds Announces Launch of U.S. Infrastructure Development ETF (PAVE)
March 8, 2017--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X U.S. Infrastructure Development ETF (BATS: PAVE).
Designed to track the Indxx U.S. Infrastructure Development Index, the fund holds a basket of companies involved in the maintenance and development of infrastructure projects, including those involved in construction & engineering; the production of materials and composites; the transportation of those materials; and the distribution of heavy machinery.
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Source: Global X
'Fearless Girl' statue stares down bronze Wall Street bull
March 8, 2017--Move over bronze bull, there's a new statue drawing attention on Wall Street in time for International Women’s Day.
On Tuesday, New Yorkers and tourists in lower Manhattan found themselves staring at a bronze little girl, with hands on her hips, staring down her famed Bovine counterpart.
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Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
Source: Congressional Budget Office (CBO)
