Americas ETP News
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SEC to ETFs: Who are your market-makers?
November 3, 2016--Regulators worried about opacity and volatility in exchange-traded funds are for the first time requiring them to disclose the Wall Street brokers they rely on to smooth trading in the securities.
The Securities and Exchange Commission approved on October 13 a rule that includes a requirement for ETFs to report which banks are the most active middlemen in the $2.4 trillion market.
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Source: Financial News
State Street Global Advisors Announces New Promotion Agent for SPDR(R) ETF Business in South America
November 3, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced a partnership with Credicorp Capital which will serve as promotion agent for SPDR ETFs to institutional investors in Chile, Peru and Colombia.
The partnership, which became effective September 12, 2016, will provide institutional clients throughout the region with local, dedicated SPDR ETF resources to help meet their portfolio management needs.
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Source: State Street Global Advisors
Preferred Share Investment Trust Completes Merger with First Asset Preferred Share ETF
November 2, 2016--Further to its press release on October 26, 2016, First Asset Investment Management Inc. (the "Manager") announces that the merger of Preferred Share Investment Trust (TSX: PSF.UN) (the "Fund") with First Asset Preferred Share ETF (the "First Asset ETF") (TSX: FPR) was implemented after the close of business on November 1, 2016.
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Source: First Asset
Advisors Turn to Sector ETFs to Add Diversification, Alpha to Client Portfolios
November 1, 2016--According to a survey of 419 financial advisors and wealth managers conducted by State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), the vast majority of investment professionals (85 percent) are using exchange traded funds (ETFs) to gain exposure to individual sectors or industries.
More than one-quarter of survey respondents (26 percent) report that over 20 percent of their assets under management are allocated to sector/industry ETFs.
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Source: State Street Global Advisors
ETF Based Upon Quantified Customer Satisfaction Data Launches
November 1, 2016--ACSI Funds ETF utilizes proprietary customer satisfaction data to drive performance.
In 1994, ACSI Funds' sister company, the American Customer Satisfaction Index (ACSI), created the only national cross-industry measure of customer satisfaction, which utilizes a proprietary econometric model to gather and interpret data.
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Source: ACSI Funds
Questrade reduces fees on six ETFs
November 1, 2016--The fees have been cut by half or more in some instances and the reductions are currently in effect.
Toronto-based Questrade Wealth Management Inc. has reduced the management fees of six U.S.-market focused exchange-traded funds (ETF).view more
Source: investmentexecutive.com
SEC Staff Provides Additional Economic Analysis on Proposed Derivatives Rule
November 1, 2016--Securities and Exchange Commission staff today made available additional economic analysis related to the Commission's proposed rule regarding the use of derivatives by registered funds and business development companies.
The analysis is posted on the SEC’s website as part of the comment file for a rule proposed by the Commission in December 2015 that is designed to enhance the regulation of the use of derivatives by registered investment companies, including mutual funds, exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. The proposed rule would limit funds' use of derivatives and require them to put risk management measures in place, which would result in better investor protections.
view the File S7-24-15, Use of Derivatives by Registered Investment Companies and Business Development Companies
Source: SEC.gov
Bats Welcomes Premise Capital as a New Issuer to the Bats ETF Marketplace
20 Issuers, 107 Funds Now Listed on Bats in the U.S.
October 31, 2016--Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Premise Capital as a new issuer to the Bats ETF Marketplace with the launch of the Premise Capital(R) Frontier AdvantageTM Diversified Tactical ETF (Bats: TCTL).
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Source: Bats Global Markets
iShares min vol ETFs: passing the five-year test
October 29, 2016--iShares minimum volatility ETFs were thrown into a formidable proving ground when the first four were launched in 2011.
For the past five years, global growth concerns and unforeseen events like Brexit have fueled turbulent markets that have repeatedly tested the ability of minimum volatility ETFs to reduce risk.
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Source: blackrockblog.com
Auspice Capital Advisors Launches GAS-the Only ETF Tied to Canadian Natural Gas Globally
October 27, 2016--Investors and market participants can now actively monitor and speculate outright on the price of Canadian natural gas.
Auspice Capital Advisors Ltd. ("Auspice"), a leading alternative investment manager, is pleased to announce the launch of the Canadian Natural Gas Index ETF ("GAS") and the Canadian Natural Gas Index ("CGI").
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Source: Auspice Capital Advisors, Ltd.
