Americas ETP News
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ProShares Announces ETF Reverse Share Split
June 10, 2016--ProShares, the largest provider of geared ETFs,1 announced today a 1:2 reverse split on ProShares Short S&P 500 (SH).
SH is the largest geared fund in the United States with approximately $3 billion in assets.2 The fund has an average daily volume of about 7 million shares.
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Source: ProShares
Puerto Rico debt bill passed by House
June 9, 2016--Emergency measures head for Senate as island faces $2bn payments
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Source: FT.com
Janus Capital Launches Four Thematic ETFs
June 9, 2016--Janus Capital Group, Inc., (NYSE:JNS) today announced the launch of four thematic ETFs that allow investors to target companies that may benefit from global demographic and consumer shifts.
These themes include long-term care for the elderly, an increased focus on health and fitness, the treatment and care for obesity and an increased demand for organic products.
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Source: Janus Capital Group Inc
Bats Welcomes Aptus Capital Advisors as New Issuer on the Bats ETF Marketplace
Becomes 11th Issuer to List on Bats in the U.S.
June 9, 2016--Bats Global Markets, Inc. (Bats: BATS), today welcomed Aptus Capital Advisors as a new issuer to the Bats ETF Marketplace with the launch of the Aptus Behavioral Momentum ETF (Bats: BEMO).
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Source: Bats Global Markets, Inc
Nuveen Commodity Funds Provide Update on Proposed Conversion to ETF Structure
June 8, 2016--Nuveen Investments, an operating division of TIAA Global Asset Management, today announced that the Securities and Exchange Commission (SEC) has issued notice of a proposed new exchange rule pursuant to which shares of Nuveen Diversified Commodity Fund (NYSE: CFD) and Nuveen Long/Short Commodity Total Return Fund (NYSE: CTF) would be able to trade upon conversion of each respective fund into an exchange-traded fund (ETF).
Upon publication in the Federal Register, which is expected to occur in mid-June, the proposed rule will be subject to a 45-day comment period.
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Source: Nuveen
Direxion launches New S&P 500 Bear ETF
June 8, 2016-- Direxion announced today it has added a new ETF to its existing lineup of inverse ETFs.
The new Fund allows tactical managers to hedge against downturns in the S&P® 500. The Direxion Daily S&P 500(R) Bear 1X Shares (Ticker: SPDN) seeks daily investment results, before fees and expenses, of 100% of the inverse of the performance of the S&P 500® Index.
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Source: Direxion
SEC Adopts Trade Acknowledgment and Verification Rules for Security-Based Swap Transactions
June 8, 2016--The Securities and Exchange Commission today announced that it has adopted rules that will establish timely and accurate trade acknowledgment and verification requirements for security-based swap (SBS) entities that enter into SBS transactions.
The rules are designed to promote the efficient and effective operation of the SBS market.
view the rule-Trade Acknowledgment and Verification of Security-Based Swap Transactions
Source: SEC.gov
Oppenheimer to pay nearly $3 million for improper ETF sales: regulator
June 8, 2016--Oppenheimer & Co agreed to pay nearly $3 million in fines and restitution to settle U.S. regulatory charges that it improperly sold risky exchange-traded funds to risk-averse elderly customers and other retail investors.
The Financial Industry Regulatory Authority said on Wednesday the Oppenheimer Holdings Inc unit will pay a $2.25 million fine and reimburse $716,832 to roughly 150 customers.
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Source: Reuters
Fidelity(R) Clearing & Custody Solutions to Expand ETF Offering to Broker-Dealer Clients
June 7, 2016--Broker-Dealers to Gain Access to 70 Commission-Free iShares(R) ETFs
Fidelity Now Offers Broker-Dealers the Most Comprehensive ETF Offering in the Marketplace
Fidelity Clearing & Custody Solutions (FCCS)-the division of Fidelity Investments(R) that provides clearing, custody and investment management products to registered investment advisors, broker-dealers, family offices and banks-today announced that its broker-dealer clients will have access to 70 commission-free iShares ETFs in non-commission-based managed accounts, in addition to the 15 Fidelity-managed commission-free ETFs it already offers.
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Source: Fidelity Investments
ALPS to Close an Exchange Traded Fund
June 7, 2016--ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced the liquidation of one Fund of the ALPS ETF Trust.
The Fund--ALPS Enhanced Put Write Strategy ETF (NYSE ARCA: PUTX)--will close to investors on June 22, 2016 and liquidate on June 27,2016.
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Source: ALPS
