Americas ETP News
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The Champions of the 401(k) Lament the Revolution They Started
January 2, 2017--The dominant vehicle for retirement savings has fallen short of its early backers' rosy expectations; longer life spans, high fees and stock-market declines
Herbert Whitehouse was one of the first in the U.S. to suggest workers use a 401(k).
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Source: Wall Street Journal
SEC Offers Guidance on DOL Fiduciary Rule Compliance
December 30, 2016-Since the DOL conflict of interest rule's publication, mutual fund providers and their adviser-intermediaries have also been asking the SEC extensive questions about sales loads, fee schedules, etc.
The Securities and Exchange Commission (SEC) will not be in charge of applying the stricter conflict of interest standards being introduced for retirement plan advisers and the investment providers supplying them with products to sell, but many of its own rules and regulations will interact intimately with the Department of Labor rulemaking.
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Source: planadviser.com
ETFGI reports assets invested in ETFs/ETPs listed in Canada reached a new record high of 83 billion US dollars at the end of November 2016
December 30, 2016-ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in Canada are US$83.40 billion at the end of November 2016.
Net flows gathered by ETFs/ETPs in November were US$1.95 Bn of net new assets gathered during the month, according to data from ETFGI's November 2016 global ETF and ETP industry insights report.
Record levels of assets under management were also reached at the end of November for ETFs/ETPs listed globally at US$3.445 trillion and in the United States at US$2.471 trillion.
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Source: ETFGI
CFTC.gov Commitments of Traders Reports Update
December 30, 2016--The current reports for the week of December 27, 2016 are now available.
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Source: CFTC.gov
Bats ETF Marketplace Welcomes Industry's First Midcap Sector ETFs with Nine New Products from Elkhorn
23 Issuers, 137 Funds Now Listed on Bats in the U.S.
December 30, 2016--Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market operator for the trading of exchange-traded funds (ETFs), today welcomed nine new midcap sector ETFs from Elkhorn Investments, the industry's first suite of midcap sector-based products.
All of the issues begin trading today on the Bats ETF Marketplace.
Nuveen Commodity Funds Complete Liquidation view more Horizons ETFs Announces Planned Elimination of its Advisor-Class Units view more SEC Issues Annual Staff Reports on Credit Rating Agencies view more CFTC.gov Swaps Report Update OCC submits rule to curb U.S. banks dealing in industrial metals view more
Source: Bats Global Markets
December 30, 2016--Final Liquidating Distribution Accompanies Previously Announced Regular Monthly Distribution
Nuveen, an operating division of TIAA Global Asset Management, has completed the liquidations of the Nuveen Diversified Commodity Fund (NYSE MKT: CFD) and the Nuveen Long/Short Commodity Total Return Fund (NYSE MKT: CTF). As previously announced, each fund's shares ceased trading and were delisted after the close of business on Friday, December 23, 2016.
Source: Nuveen.com
December 29, 2016--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has announced that it plans to eliminate all advisor-class units of its Canadian-listed exchange trade funds (ETFs).
Advisor-class units are a specific class of ETF units which pay a service fee to the financial professionals who have purchased them on behalf of their clients.
Source: Horizons ETFs Management (Canada) Inc
December 28, 2016--The Securities and Exchange Commission today issued its two annual staff reports on credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs).
The reports show that NRSROs have made operational improvements and have enhanced process accountability, controls and governance, and that smaller NRSROs have made competitive inroads in certain rating categories.
Source: SEC.gov
December 28, 2016--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
December 28, 2016--The Office of the Comptroller of the Currency (OCC) said on Wednesday it had submitted a rule to the Federal Register to prohibit U.S. national banks and federal savings associations from dealing or investing in industrial or commercial metals.
The ruling, effective April 1, replaces a prior OCC determination that allowed national banks to trade in copper. It covers metal products such as copper cathodes and aluminum T-bars.
Source: Reuters
