Americas ETP News
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Fidelity CEO Abigail Johnson to become chairman as well
November 21, 2018--Abigail Johnson will succeed her father as chairman of Fidelity Investments early next month, solidifying her control of the Boston money manager.
The move caps Johnson's ascent to the top of a firm founded by her grandfather and led for decades by her father. She was named CEO in 2014.
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Source: marketwatch.com
Steven A Cohen makes a move into index funds
November 21, 2016--Acorns Grow encourages users to make regular small-dollar contributions into a basket of exchange-traded index funds.
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Source: Financial News
Trump's turn? Republican presidents rule recessions
November 20, 2016--History could portend a bad omen for President-elect Donald Trump: recessions are more common under Republican presidents.
Every Republican president since Teddy Roosevelt in the early 1900's endured a recession in their first term, according to an analysis from Sam Stovall, chief investment strategist at stock research firm CFRA.
Four Republican presidents suffered through two recessions while in office and Republican President Dwight Eisenhower presided over three. Meanwhile, Democrats have largely skated past the recession quicksand. Four in five Democratic presidents saw no recessions during their terms since 1945, Stovall says.
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Source: usatoday.com
More Seek Advice Through Employer Plans-The trend is shifting
November 20, 2016--Seventy-one percent of Americans are interested in receiving financial advice, according to the TIAA 2016 Advice Matters Survey.
Forty-five percent of Generation Y has received advice, but 82% would like to receive it. Thirty percent of those earning under $50,000 a year have had financial advice, but 61% would like to get it.
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Source:plansponsor.com
Exclusive: Wells Fargo to unveil robo-adviser partnership with SigFig.
November 18, 2016--Wells Fargo & Co is set to announce a partnership with SigFig for clients to use the robo-adviser's technology and wealth management investment tools.
The announcement is expected on Tuesday, the bank said, with Wells likely to roll out a pilot version of the service during the first half of 2017.
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Source: Rueters
First Asset Hamilton Capital European Bank ETF Announces Change of Portfolio Manager
November 18, 2016--First Asset Investment Management Inc., the manager of First Asset Hamilton Capital European Bank ETF (the "ETF") (TSX: FHB and FHB.A) announces that Signature Global Asset Management ("Signature"), a division of CI Investments Inc. and an affiliate of the manager, will assume the portfolio management responsibilities for the ETF effective the close of business today.
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Source: First Asset
Closing of Oppenheimer Navellier Overall A-100 Revenue ETF
November 18, 2016--OppenheimerFunds, Inc. announced today that the Navellier Overall A-100 Revenue ETF (RWV) (the "Fund") will be closed and liquidated.
On November 11, 2016, the Board of Trustees of the Fund approved its liquidation. The final day of trading on the NYSE Arca for shares of the Fund will be Thursday, December 15, 2016.
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Source: oppenheimerfunds.com
How the SEC's Blockchain Lead is Defining Future Regulation
November 17, 2016--In a sign of how serious state powers are taking the emergence of blockchain, the most powerful regulatory body in the US now has a working group dedicated to protecting its users and investors from fraud in the sector.
The US Securities and Exchange Commission (SEC), the agency whose mandate is to create fair and efficient markets, is also now emerging as a public voice in the industry...
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Source: coindesk.com
Blackrock Introduces Changes to LifePath Target Date Fund Series
Focus on Broadening Series' Spectrum by Adding Smart Beta and More Flexible Active Options
November 18, 2016--BlackRock (NYSE: BLK) has made changes to its LifePath series of target date mutual funds to better reflect today's retirement investing needs-in particular, by offering a broader choice among varying degrees of active asset management within the fund series.
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Source: BlackRock
Barclays launches iPath(R) Series B S&P GSCI(R)Crude Oil ETN
November 17, 2016--New iPath(R)Series B S&P GSCI(R)Crude Oil ETN (ticker: OILB) provides investors with exposure to the underlying crude oil futures index
Barclays Bank PLC ("Barclays") announced today the launch of the iPath(R) Series B S&P GSCI(R) Crude Oil ETNs ("New ETNs") on the NYSE Arca exchange under the ticker symbol OILB.
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Source: Barclays Bank
