Americas ETP News
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Global X Funds Grows Distribution Team With Three New Regional Directors
December 13, 2016--Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs), today announced the appointments of three new regional directors: Kize Behrends, Devan O'Dowd, and John Stec.
Mr. Behrends, joining from Deutsche Bank, will serve as Global X's regional director in the Midwest Region.
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Source: Global X
ProShares to Transfer Three Funds to Bats Exchange
December 13, 2016--ProShares, a premier provider of ETFs, today announced that it will transfer the listing of three ProShares ETFs from the NYSE Arca to the Bats Exchange on or about Dec. 29, 2016.
Current shareholders of these ProShares ETFs are not required to take any action, nor is the transfer expected to have any effect on the trading of fund shares.
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Source: proshares.com
Exchange-traded 'zombies' stalk the markets
December 11, 2016--As banks back away from exchange-traded notes, investors are left vulnerable.
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Source: Financial News
Eaton Vance: New ETFs will challenge passive players
December 9, 2016--Two years ago Eaton Vance, the $336 billion Boston-based active manager, entered new territory by becoming the first active manager to receive SEC approval for a new breed of exchange-traded funds.
Branded as NextShares, the funds-the first of which were launched in the US in February-enable an active fund to exist inside an ETF without having adhere to the daily transparency required of traditional ETFs, meaning managers avoid giving away their investment IP.
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Source: Financial News
The Bats ETF Marketplace Welcomes New Issue from Exchange Traded Concepts
December 9, 2016--22 Issuers, 113 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 another fund from Exchange Traded Concepts (ETC) to the Bats ETF Marketplace.
Today's new issue, The WEAR ETF (Bats: WEAR), seeks to provide investment results that track the price return performance of the EQM WearablesTM Index.
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Source: Bats Global Markets
IMF-Chile: 2016 Article IV Consultation
December 9, 2016--Summary:
Chile's fundamentals and policy framework remain strong. However, economic prospects are being shaped by lower dynamism in key trading partners, permanently lower copper prices, slower trend growth, and mounting social demands for inclusive growth.
Important reforms are underway to lift growth and reduce inequality, but they inevitably generate transition costs. Against this background, staff's recommendations aim to balance trade-offs between growth, stability, and social objectives, while assessing the macroeconomic policy mix during this challenging transition.
view the Chile: 2016 Article IV Consultation report
Source: IMF
ETF Managers Group, LLC Announces Closure of its Restaurant ETF
December 9, 2016--ETF Managers Group, LLC today announced plans to close The Restaurant ETF (NASDAQ: BITE) based on an ongoing review of its offerings and market demand.
Effective immediately, BITE will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.
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Source: morningstar.com
Efficient Market Advisors tops $1 billion in assets
December 9, 2016--Achieves asset growth of 45% over one-year period.
Efficient Market Advisors (EMA) announced today that it directly or indirectly invests over $1 billion on behalf of investor clients and their financial advisors. EMA, a leading Exchange Traded Fund (ETF) strategist firm headquartered in San Diego, CA, credits this milestone and its record growth to the more than 453 US-based financial advisors who have chosen to allocate their client's assets to EMA's proprietary ETF strategies.
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Source: Efficient Market Advisors
The WEAR ETF Launches
December 9, 2016--Exchange Traded Concepts Partners with Eve Capital and EQM Indexes The WEAR ETF (Bats: WEAR)
Companies derive revenue from the sale of wearable technology devices for applications such as: Sport and Fitness, Industrial/Military, Infotainment/Lifestyle and Healthcare
ETF seeks to track index developed by EQM
ETF offers diversified exposure to those companies that manufacture and/or sell devices or their components
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Source: Exchange Traded Concepts
Brown Brothers Harriman and ETF.com Release Fourth Annual U.S. ETF Investor Survey
December 7, 2016--As the U.S. industry matures, investors employ new ways to use ETFs. Factor based strategies become more attractive as demand continues for smart beta.
The 2016 survey polled 175 financial advisors and institutional investors on their ETF selection process; comfort with newly launched ETFs; plans for investing in emerging ETF strategies; and views on securities lending; among other items.
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Source: www.bbh.com
