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State Street launches fossil fuel-free ETF, cites climate worries
December 2, 2015--State Street Corp's asset management arm on Wednesday launched its first fossil-fuel free exchange-traded fund, citing investors' concerns over climate change.
The ETF is among the first of its kind offered in the United States, as climate activists encourage mainstream investors to steer clear of oil, gas and coal stocks.
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Source: Reuters
ETF Research Center-Sector SPDR Analyzer+Equal Sector Weight ETF-December 2015
December 2, 2015--The monthly update on each of the eleven Select Sector SPDRs plus the ALPS Equal Sector Weight ETF is now available.
view the ETF Analyzer Sector SPDR edition December 2015
view the ETF Analyzer ALPS Equal Sector Weight (EQL) as of November 30, 2015
Source: Etfresearchcenter.com
CFTC.gov Swaps Report Update
December 2, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Yellen says no set plan for pace of rate hikes
December 2, 2015--Federal Reserve Chair Janet Yellen said there is no set plan for how steadily to raise U.S. interest rates once the initial hike is approved.
The Fed is expected to approve its first rate hike in a decade at a meeting in two weeks, and focus has begun turning to how quickly or slowly the central bank may enact subsequent rate increases. Fed officials in general have said the pace of hikes will be "gradual."
SPDR Spotlight-Why Fossil Fuel Free Investing is Gaining Momentum
December 1, 2015--Why Fossil Fuel Free Investing?
A growing number of endowments, pension funds and other institutions are adapting their investment portfolios to accommodate for the risks associated with climate change. Concerned about the impact of rising global temperatures on the environment,
more investors are focusing on low carbon investing and eliminating fossil fuels from their portfolios
Aside from environmental motivations, the sustainability of fossil fuels
as a viable energy source in the long-run is coming into question amid more potential competition from alternative energy sources and changing carbon-restrictive regulations that from an investment standpoint, threaten turning certain of companies' fossil fuel reserves into "stranded assets," resulting in negative impact for their balance sheets and valuations.
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Source: State Street Global Advisors
ProShares Names Richard Morris General Counsel
December 1, 2015--ProShares, a premier provider of ETFs, today announced the appointment of Richard Morris as general counsel
He will report to ProShares Co-Founder and CEO Michael L. Sapir and serve on the company's executive management team.
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Source: ProShares
S&P Dow Jones Indices U.S. Equities Market Attributes November 2015
December 1, 2015--KEY HIGHLIGHTS
The S&P 500(R) increased 0.05% in November, bringing its YTD return to 1.04%.
The Dow Jones Industrial Average(R) returned 0.32% this month but was off 0.58% YTD.
The S&P MidCap 400(R) was up 1.18% for the month and 0.65% YTD.
The S&P SmallCap 600(R) returned 2.52% in November, bringing its YTD return to 1.68%.
MARKET SNAPSHOT
Quarter point, quarter point, quarter point onward, into the valley of bears rode the mighty S&P 500, as a rate increase of 0.25% in December became the battle cry, even as the youngest of them had traded not for the last (June 2006).
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Source: S&P Dow Jones Indices
Jefferson National and Exceed Investments Partner to Meet Tax-Advantaged Investing Needs of RIAs and Fee-Based Advisors
December 1, 2015--Jefferson National, the recognized innovator of a leading tax-advantaged investing solution for Registered Investment Advisors (RIAs), fee-based advisors and the clients they serve, has announced a partnership with Exceed Investments LLC ("Exceed"), a New York-based boutique asset management firm that is pioneering defined outcome investing solutions.
Through this partnership, Exceed will develop their first Variable Insurance Trust (VIT) exclusively for Jefferson National's Monument Advisor, the industry's first and only Flat-Fee Investment-Only Variable Annuityi (IOVA) featuring more than 350 funds. The trust will be based upon Exceed's strategy of providing controlled market exposure with preset, defined protection levels.
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Source: Jefferson National
ISE Holdings Reports Business Activity for November 2015
December 1, 2015--ISE and ISE Gemini combined to represent 15.5% of equity options market share, excluding dividend trades.
ISE and ISE Gemini reported a combined ADV of 2.3 million contracts.
Dividend trades made up 1.4% of industry volume in November 2015.
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Source: ISE (International Securities Exchange)
Citadel Steps Up Criticism of IEX's Plan to Start New Exchange
December 1, 2015--Firm sends second letter to SEC critiquing IEX''s proposal
IEX has vowed to diminish advantages held by speed traders
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Source: Bloomberg
