Americas ETP News
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State Street Global Advisors Announces Changes to the SPDR(R) Lineup
August 26, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today announced changes to the name and index for its SPDR Russell Small Cap Completeness(R) ETF (RSCO) (the "Fund").
Effective August 31, 2016, the Fund will be renamed the SPDR S&P(R) 1000 ETF (SMD) and begin tracking the S&P 1000 Index. The Fund's annual gross expense ratio (0.10 percent) remains unchanged and no action is required by shareholders to effect these changes.
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Source: State Street Global Advisors
BlackRock Canada Announces Investment Strategy Enhancements for Certain iShares Funds
August 26, 2016-- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BLK), today announced changes to the investment strategy of the following funds (collectively, the "iShares Funds"), to clarify and enhance the manner in which a proprietary portfolio optimization process is used in the construction of the iShares Funds' portfolios.
E*TRADE Study Reveals the Varying ETF Preferences of Older and Younger Investors
August 26, 2016--Millennial investors are more interested in non-traditional ETFs, while Boomers gravitate to dividend and industry-specific ETFs
TRADE Financial Corporation (NASDAQ:ETFC) today announced results from the most recent wave of StreetWise, E*TRADE's quarterly tracking study of experienced investors. Results show how exchange-traded fund (ETF) preferences vary by age:
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Source: E*TRADE
SEC Rule to Limit Derivatives Alarms Industry With Liquidity Concerns
August 25, 2016--A Securities and Exchange Commission proposal to place caps on registered investment firms' exposures to derivatives is showing the hallmarks of a classic Washington battle-the industry is trying to tamp down advocacy groups' requests for broad regulations.
Although the SEC hasn't announced its plans, lobbyists who have been watching the derivatives rule expect the agency to move forward in the coming months.
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Source: morningconsult.com
SEC Adopts Rules to Enhance Information Reported by Investment Advisers
August 25, 2016--The Securities and Exchange Commission today adopted amendments to several Investment Advisers Act rules and the investment adviser registration and reporting form to enhance the reporting and disclosure of information by investment advisers.
The amendments will improve the quality of information that investment advisers provide to investors and the Commission.
"These amendments are an important step in a series of rulemakings to enhance the SEC's monitoring and regulation of the asset management industry," said SEC Chair Mary Jo White.
view the Form ADV and Investment Advisers Act-Final Rules
Source: SEC.gov
Investment Advisers Paying Penalties for Advertising False Performance Claims
August 25, 2016--The Securities and Exchange Commission today announced penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product.
An SEC enforcement sweep of investment advisers found that the 13 firms accepted and negligently relied upon claims by F-Squared Investments that its AlphaSector strategy for investing in exchange-traded funds (ETFs) had outperformed the S&P Index for several years. The firms repeated many of F-Squared's claims while recommending the investment to their own clients without obtaining sufficient documentation to substantiate the information being advertised.
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Source: SEC.gov
First Trust Uses New Generic Listing Standards for the Launch of Two New ETFs on NYSE Arca
August 25, 2016--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today celebrates the listing of two new ETFs from First Trust, marking the first time an issuer has utilized the new streamlined generic listing rules approved last month.
Launched today on NYSE Arca, the First Trust Horizon Managed Volatility Domestic ETF (HUSV) and First Trust Horizon Managed Volatility Developed International ETF (HDMV) are two actively managed funds that were approved through the new streamlined listing process,which no longer requires a separate filing with the Securities and Exchange Commission (SEC) under SEC Rule 19b-41. The funds are managed by First Trust Advisors, L.P. and Horizon Investments, LLC, and are based in Wheaton, IL.
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Source: Intercontinental Exchange
Schwab Launches Target Date Mutual Funds Constructed With Schwab ETFsTM and Priced at New Industry Low
August 25, 2016--Schwab Target Index Funds available to retirement plans of all sizes at 8 basis points with no minimums, and to individual investors at 13 basis points with just $100 minimum
Charles Schwab Investment Management (CSIM), a leader in both target date funds (TDFs) and exchange-traded funds (ETFs), announced today the launch of Schwab Target Index Funds-a new series of index-based target date mutual funds constructed with low-cost Schwab ETFsTM as underlying investments.
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Source:Charles Schwab Investment Management
WisdomTree Announces Changes to ETF Family
August 25, 2016--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced it plans to close and liquidate six of its ETFs.
After the close of business on September 22, 2016, the Fund will no longer accept creation orders. The final day of trading on the Funds' respective exchange will be Thursday, September 22, 2016.
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Source: WisdomTree
KraneShares CSI China Internet ETF (KWEB) awarded 5-star Morningstar rating
August 25, 2016--KraneShares is proud to announce that the KraneShares CSI China Internet ETF (ticker : KWEB) was awarded a five star Morningstar rating1 for its three-year performance.
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Source: KraneShares
