Americas ETP News
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ETF providers hit out at cash-return rule proposals
January 13, 2016--Exchange-traded fund providers have criticised proposed regulations designed to ensure they can return money quickly to investors during periods of market volatility, arguing that they show a fundamental misunderstanding of how the products work.
The public comment period on the Securities Exchange Commission's proposed liquidity requirements for open-end funds-including mutual funds and ETFs-closed on Wednesday.
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Source: FT.com
First ETF tracking Hang Seng Indexes debuts on Toronto Stock Exchange
January 13, 2016--Hang Seng Indexes Company Limited (Hang Seng Indexes) has licensed the Hang Seng High Dividend Yield Index to Horizons ETFs Management (Canada) Inc (Horizons) to serve as the underlying index for the creation of an ETF, which listed on the Toronto Stock Exchange yesterday (January 12).
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Source: asiaasset.com
Credit Suisse AG Announces the Acceleration of its CSCB ETNs
January 12, 2016--Credit Suisse AG announced today that it will accelerate at its option its Credit Suisse X-Links Commodity Benchmark Exchange Traded Notes (ETNs) due June 15, 2033 ("CSCB'). The acceleration date is expected to be January 28, 2016.
Credit Suisse AG expects to deliver a notice of optional acceleration with respect to the acceleration of CSCB to The Depository Trust Company on or about January 14, 2016.
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Source: Credit Suisse AG
United States Commodity Funds Lowers Management Fees on 3 ETPs
January 11, 20166--United States Commodity Funds (USCF) announced that effective today, the management fees of three of its exchange-traded products will be permanently lowered.
In May of 2014, the company issued a contractual fee waiver through December 31, 2015 and at this time believes that permanently reducing the funds management fees will demonstrate that these funds were designed with the buy-and-hold investor in mind.
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Source: United States Commodity Funds
SEC Announces 2016 Examination Priorities
New Areas of Focus Include Liquidity Controls, Public Pension Advisers, Product Promotion, Exchange-Traded Funds and Variable Annuities
January 11, 2016--The Securities and Exchange Commission today announced its Office of Compliance Inspections and Examinations'(OCIE) 2016 priorities.
New areas of focus include liquidity controls, public pension advisers, product promotion, and two popular investment products-exchange-traded funds and variable annuities. The priorities also reflect a continuing focus on protecting investors in ongoing risk areas such as cybersecurity, microcap fraud, fee selection, and reverse churning.
view the SEC EXAMINATION PRIORITIES FOR 2016
Source: SEC.gov
Fed Eyes Margin Rules to Bolster Oversight
January 10, 2016--Rules limiting what portion of stocks or bonds can be purchased through borrowing are moving up the Fed's to-do list.
The Federal Reserve is dusting off a legal power it has largely ignored for four decades, a move that could significantly expand the Fed's influence over financial markets.
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Source: Wall Street Journal
CBO-Monthly Budget Review for December 2015
January 8, 2016--The federal budget deficit was $212 billion for the first three months of fiscal year 2016, CBO estimates.
The federal budget deficit was $212 billion for the first three months of fiscal year 2016, the Congressional Budget Office estimates. That deficit was $36 billion larger than the one recorded during the same period last year. Receipts and outlays were both higher than last year's amounts, by 4 percent and 7 percent, respectively. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend or on New Year's Day), the deficit for the three--month period would have been $9 billion larger than it was last year.
Total Receipts: Up by 4 Percent in the First Three Months of Fiscal Year 2016.
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Source:Source: Congressional Budget Office (CBO)
WisdomTree Launches Dynamic Currency Hedged Suite
Pioneer in Currency Hedged ETFs expands lineup to include ETFs which embed dynamic currency-hedging program
January 7, 2016--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of four dynamic currency hedged ETFs on the BATS Exchange:
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
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Source: WisdomTree
BATS ETF Marketplace Welcomes Three New iShares ETFs
30 iShares ETFs Now Listed on The BATS ETF Marketplace; New ETFs Began Trading Today
January 7, 2016--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed three new ETFs from iShares to its U.S. market.
The following ETFs began trading today on The BATS ETF Marketplace, bringing the total number of iShares ETFs listed on BATS' U.S. market to 30.
iShares Adaptive Currency Hedged MSCI EAFE ETF (BATS: DEFA)
iShares Adaptive Currency Hedged MSCI Eurozone ETF (BATS: DEZU)
iShares Adaptive Currency Hedged MSCI Japan ETF (BATS: DEWJ)
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Source: BATS Global Markets, Inc.
Fee Rate Advisory #3 for Fiscal Year 2016
January 7, 2016--The Securities and Exchange Commission today announced that starting on Feb. 16, 2016, the fee rates applicable to most securities transactions will be set at $21.80 per million dollars.
Consequently, each SRO will continue to pay the Commission a rate of $18.40 per million for covered sales occurring on charge dates through Feb. 15, 2016, and a rate of $21.80 per million for covered sales occurring on charge dates on or after Feb. 16, 2016.
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Source: SEC.gov
