Americas ETP News
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Legg Mason Launches First Suite Of ETF Products
New funds designed to meet investor needs for diversified core holdings and income
January 5, 2016--Legg Mason Inc., (NYSE: LM), today announced that it has launched four new outcome-oriented index-based ETF funds in partnership with its investment affiliate QS Investors.
The four funds are branded under the Legg Mason name and began trading on the Nasdaq Stock Market® on December 29, 2015.
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Source: Legg Mason
2016 Regulatory and Examination Priorities Letter
Each year, FINRA publishes its Annual Regulatory and Examination Priorities Letter to highlight issues of importance to FINRA's regulatory programs.
Cover Letter From FINRA Chairman and CEO, Rick Ketchum
January 5, 2016--Today, FINRA published its 11th annual Regulatory and Examination Priorities Letter to highlight both emerging and existing risks that, if not properly addressed, could adversely affect investors and market integrity in 2016.
Many of the issues we highlighted in last year's letter remain a concern for us this year. With the recent increase in interest rates, FINRA reiterates the concerns we cited in last year's letter regarding interest rate-sensitive products.
view the FINRA Annual Regulatory and Examination Priorities Letter
Source: FINRA
iShares to Switch MSCI Eurozone ETF Listing to the BATS ETF Marketplace from NYSE Arca
iShares the Second Issuer to Announce a Switch to BATS Since November
January 5, 2016--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today announced that iShares is switching the listing of the iShares MSCI Eurozone ETF (NYSE: EZU) to the BATS ETF Marketplace from NYSE Arca on or around February 2, 2016.
iShares becomes the second issuer to announce the transfer of ETFs to BATS since November.
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Source: BATS Global Markets, Inc.
What challenges will Latin America face in 2016?
With the end of the economic boom, the region needs to boost innovation and productivity to compete and continue growing.
January 4, 2016--Latin America isn't the same as it was at the beginning of the millennium. The commodities boom was the engine behind significant achievements in employment, salaries and poverty levels across the region, which ended up changing the economic landscape.
A reality promoted, without a doubt, by the rise of China. But after over a decade of growth, the tides have changed for Latin America. It's anticipated that the region will have to adapt to a new reality of low growth in 2016, precisely because of the slowdown in the Asian giant, among other reasons.
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Source: World Bank
WisdomTree Completes Acquisition of the GreenHaven Commodity Funds
Company Expands Product Platform and Enters U.S. Commodity Space
January 4, 2016--WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced it has completed the acquisition of GreenHaven Commodity Services, LLC,
the managing owner of the GreenHaven Continuous Commodity Index Fund (NYSE:GCC), and GreenHaven Coal Services, LLC, the sponsor of the GreenHaven Coal Fund (NYSE:TONS).
WisdomTree has retained GreenHaven Advisors, LLC as the sub-advisor to the funds to conduct portfolio management services.
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Source: WisdomTree
Schwab ETF OneSourceTM Welcomes Deutsche Asset Management and John Hancock Investments to Largest Commission-Free ETF Program
Adds 14 New Commission-Free ETFs
January 4, 2016--Charles Schwab announced today it is adding two new providers-Deutsche Asset Management and John Hancock Investments-and 14 new ETFs to Schwab ETF OneSourceTM, the program that offers investors and advisors the most commission-free1 ETFs anywhere in the industry.
With this latest expansion, the program is broadening investor access in several high-demand categories, including strategic beta and currency-hedged ETFs.
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Source: Charles Schwab
CFTC.gov Commitments of Traders Reports Update
January 4, 2016--The current reports for the week of December 29, 2015 are now available.
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Source: CFTC.gov
IMF Working paper-Effects of Monetary and Macroprudential Policies on Financial Conditions: Evidence from the United States
January 3, 2016--Summary: The Global Financial Crisis has reopened discussions on the role of the monetary policy in preserving financial stability.
Determining whether monetary policy affects financial variables domestically-especially compared to the effects of macroprudential policies- and across borders, is crucial in this context. This paper looks into these issues using U.S. exogenous monetary policy shocks and macroprudential policy measures. Estimates indicate that monetary policy shocks have significant and persistent effects on financial conditions and can attenuate long-term financial instability. In contrast, the impact of macroprudential policy measures is generally more immediate but shorter-lasting. Also, while an exogenous increase in U.S. monetary policy rates tends to reduce credit and house prices in other countries—with the effects varying with country-specific characteristics—an increase driven by improved U.S. economic conditions tends to have the opposite effect. Finally, we do not find evidence of cross-border spillover effects associated with U.S. macroprudential policies.
Columbia Threadneedle liquidating its equity ETFs
December 31, 2015--Columbia Threadneedle plans to liquidate its three equity exchange traded funds.
The firm announced last week that the strategies will cease to trade on January 28 and remaining assets will be liquidated on or about February 8.
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Source: FT.com
CFTC.gov Swaps Report Update
December 30, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
