Americas ETP News
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John Hancock Investments builds ETF product and sales team
September 12, 2016--Steve Deroian named head of ETF strategy; Michelle Fuller and Mac Lowry join as sales specialists.
John Hancock Investments today announced three new additions to its ETF team. Steven L. Deroian has been named head of ETF strategy, reporting to Philip Fontana, head of product development. Michelle M. Fuller and Burns M. (Mac) Lowry have joined the firm as managing directors, ETF sales specialists, on the institutional sales team, reporting to Todd Cassler, president of institutional distribution.
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Source: John Hancock Investments
ETF Prism Report-Moving Towards Low Volatility: Which ETFs Make the Cut?
September 12, 2016--2016 has been more volatile without government stimulus. In response, many investors have moved into low volatility products and ETFs.
However, finding the right one is a challenge. Learn here about two ETFs we continue to use to mitigate volatility and the investment thesis behind our analysis.view
Source: Tidal Growth Consultants
Deutsche Bank to Redeem Eight Exchange Traded Notes
September 9, 2016--Deutsche Bank announced today that it has elected to redeem the following DB exchange traded notes (ETNs):
DB 3x Long 25+ Year Treasury Bond ETN (ticker: LBND)
DB 3x Short 25+ Year Treasury Bond ETN (ticker: SBND)
DB 3x German Bund Futures ETN (ticker: BUNT)
DB German Bund Futures ETN (ticker: BUNL)
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Source: Deutsche Bank AG
Renaissance Capital's IPO Week Ahead: IPO market is back in session with 4 deals
September 9, 2016--After four weeks without a single IPO, the US IPO market is back from its annual August pause. Four deals are on the IPO calendar to raise $690 million in the week ahead, including:
The first energy IPO in over a year, an MLP with a 7.5% annualized yield
A VC-backed tech company (2016's tech IPO class is up over +100% on average)
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Source: Renaissance Capital
Deutsche Bank faces $2.4-bn US settlement
September 9, 2016--Deutsche Bank is expected to receive a demand for more than $2.4 billion from US authorities in settlement of an investigation into past misspelling of mortgage-backed securities, a German monthly magazine reported.
The US Department of Justice (DoJ) is expected to send Deutsche Bank a statement of facts stretching to about 100 pages early next week, manager magazine said, adding that the document will specify how much Deutsche must pay to settle the case.
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Source: business-standard.com
ProShares to Remove Four ETFs from Bats Competitive Liquidity Program
September 9, 2016--ProShares announced today that it would remove four of its ETFs from the Bats Exchange Competitive Liquidity Providers (CLP) Program after market close on Sept. 30, 2016.
The funds will be moving to the Bats Lead Market Maker (LMM) Program on Oct. 3, 2016.
The four ETFs moving from the Bats CLP program to the Bats LMM program are:
Global Listed Private Equity ETF (PEX)
Merger ETF (MRGR)
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Source: ProShares
Provision to kill DOL fiduciary rule included in new bill to replace Dodd-Frank
September 9, 2016--Measure also contains requirement for SEC to conduct 'rigorous' cost-benefit analysis before proposing its own fiduciary-advice rule
Republican lawmakers haven't given up on trying to kill a Labor Department rule that would change investment advice standards for retirement accounts.
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Source: investmentnews.com
Bats ETF Marketplace Welcomes iShares ETF Tracking the MSCI USA Small Cap Minimum Volatility Index
Bats has won 26% of new 2016 listings vs 9% in 2015
September 9, 2016--Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed the iShares Edge MSCI Min Vol USA Small-Cap ETF (Bats: SMMV) to the Bats ETF Marketplace.
The new issue seeks to track the investment results of the MSCI USA Small Cap Minimum Volatility (USD) Index.
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Source: Bats Global Markets
Fed looks to clip banks' investment wings
September 8, 2016--Lobby groups denounce effort to stop institutions taking big equity stakes in non-financial companies
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Source: FT.com
CBO-Monthly Budget Review for August 2016
September 8, 2016--The federal budget deficit was $622 billion for the first 11 months of fiscal year 2016, CBO estimates-$92 billion more than the shortfall recorded during the same period last year.
Revenues and outlays alike were higher than they were last year, but outlays rose much more.
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Source: Congressional Budget Office (CBO)
