Americas ETP News
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Wave of new strategic beta ETFs make passive investing more complicated
But it's tough to know if the ETFs' investing rules produce superior returns
September 13, 2016--No one likes more rules-unless they're rolling out a new exchange-traded fund.
At the Morningstar ETF conference last week, strategic beta was one of the biggest topics of conversation. The question now is whether they can stand up to their claims in a challenging market, and whether investors and advisers can judge their performance accurately.
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Source: investmentnews.com
BlackRock Canada Intends to Switch the Listing Venue of Certain iShares Funds from the TSX to NEO
September 13, 2016--NEO Exchange prepares to welcome 12 iShares ETF listings
Aequitas NEO Exchange Inc. ("NEO Exchange" or "NEO"), Canada's newest stock exchange, is pleased to announce that BlackRock Asset Management Canada Limited ("BlackRock Canada") has announced its intention to move the listing venue for certain iShares exchange-traded funds (ETFs) from the Toronto Stock Exchange (TSX) to NEO.
This decision marks the first time a Canadian ETF provider has switched listings from the TSX to an alternative exchange.
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Source: NEO Exchange
Rafferty Asset Management Closing Three ETFs
September 13, 2016--The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily FTSE Developed Markets Bull 1.25X Shares (Ticker: LLDM), Direxion Daily FTSE Emerging Markets Bull 1.25X Shares (Ticker: LLEM) and the Direxion S&P 500(R)Volatility Response Shares (Ticker: VSPY) (each a "Fund" and collectively the "Funds") based on the recommendation of Rafferty Asset Management, LLC, the Trust's advisor.
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Source: Direxion
Flow Traders US LLC starts institutional trading in the United States after receiving its FINRA license
September 13, 2016--Flow Traders N.V. ("Flow Traders")(Euronext: FLOW) has received approval from the US Regulator FINRA to start its second broker-dealer in the United States for Flow Traders US Institutional Trading LLC.
This allows Flow Traders to deal off-exchange and with institutional counterparties directly, as of now.
The Institutional Trading desk in the United States is headed by William (Bill) Stush, who previously worked as Managing Director at Bank of America Merrill Lynch. He started at Flow
Traders US on 31st May 2016.
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Source: Flowtrades
AlphaClone Unveils Small Cap and Value Manager Indexes
September 13, 2016--New Active Indexes Designed to Capture Potential Alpha from Hedge Funds' High Conviction Holdings.
AlphaClone, Inc. ("AlphaClone"), a pioneer in building accessible, alpha-seeking active indexes for long-term investors, today announces the launch of the AlphaClone Small Cap Index and AlphaClone Value Manager Index.
The indexes seek to give investors the potential to outperform passive market indexes by accessing the investment ideas of the world's most established hedge funds.
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Source: AlphaClone
New: First Asset Share Buyback ETFs
September 13, 2016--First Asset Investment Management Inc. ("First Asset") is pleased to announce the launch of First Asset Canadian Buyback Index ETF (TSX: FBE) and First Asset U.S. Buyback Index ETF (TSX:FBU).
Both will commence trading today on the Toronto Stock Exchange.
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Source: First Asset
First US Futures Commission Merchant to Accept Bitcoin via BitPay
September 12, 2016--Good new for Bitcoin and futures traders alike! Straits Financial LLC, announced today it will be the first U.S. based Futures Commission Merchant ("FCM") to indirectly utilize the services of bitcoin payment processor BitPay Inc. via a partnership with digital bank WB21 Ltd.
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Source: financemagnates.com
Morgan Stanley-US ETF Weekly Update
September 12, 2016--Weekly Flows: $6.5 Billion Net Inflows
Tenth Consecutive Week of Net Inflows
YTD Net Inflows of $148.2 Billion
High-conviction ETF Recommendations Slide: No Changes
ETF Assets Stand at $2.4 Trillion, up 12% in 2016
Four ETF Launches Last Week
VanEck Announces ETF Closures
BlackRockDefined Maturity Muni ETF Comes Due
AdvisorShares Makes Manager and Name Change on ETF
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Source: Morgan Stanley
Convergex ETF Direct Platform Executing Record Volume; Notional Value Surpasses $2.5 Billion Since Inception
September 12, 2016--Convergex, an agency-focused global brokerage and trading related services provider, announced today that its ETF Direct platform continues to experience significant volume growth while surpassing its own monthly volume records.
ETF Direct is a platform that streamlines the process for firms accessing quotes from numerous ETF liquidity providers.
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Source: Convergex
SEC Chairwoman Mary Jo White says agency mulling fiduciary duty
September 12, 2016--September Staff recommendations on a potential rule to raise retail investment advice standards are being considered by commissioners, but a proposal is not imminent
Securities and Exchange Commission members are mulling a staff report on a potential rule to raise retail investment advice standards, but the agency is not any closer to taking action, SEC Chairwoman Mary Jo White said Monday.
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Source: investmentnews.com
