Americas ETP News
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Barclays Bank PLC Extends Consent Solicitation Period for iPath(R) Bloomberg Energy Subindex Total ReturnSM ETN
November 30, 2015--Barclays Bank PLC ("Barclays") announced today that it has extended by three months the expiration date of its consent solicitation (the "Consent Solicitation") for the iPath(R) Bloomberg Energy Subindex Total ReturnSM ETN ("the ETNs").
The ETNs trade on the NYSE Arca exchange under the ticker symbol JJE.
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Source: Barclays
FlexShares Launches Real Assets ETF
November 30, 2015--New ETF seeks to offer investors an optimized approach to real assets
FlexShares(R) Exchange Traded Funds, sponsored and managed by Northern Trust, today introduced FlexShares Real Asset Allocation Index Fund (NASDAQ:ASET), a passively managed ETF that seeks to provide exposure to real assets by investing in three stand-alone FlexShares ETFs.
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Source: FlexShares
Vanguard's Gain Is Wall Street's Pain as Billions Leave the Financial Industry
Passive investing popularized by Vanguard has removed a chunk of Wall Street's revenue.
November 30, 2015--While Washington has long been debating how to reform big Wall Street banks, Vanguard Group is quietly doing just that as the company and its army of index funds remove about $20 billion a year in revenue from the financial industry.
So far in 2015, Vanguard is leading a record $365 billion in net flows into low-cost and passively managed index funds and exchange-traded funds (ETFs), according to Bloomberg data.
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Source: Bloomberg
Wall Street Group Pushes Trading of China's Yuan in U.S.
November 29, 2015--Michael Bloomberg and an all-star cast of former top U.S. officials are leading a push to bring the trading of China's currency to Wall Street.
Mr. Bloomberg, founder of the financial-data and information company Bloomberg LP and former New York City mayor, will chair a new working group that hopes to build a framework for the trading and clearing of China's yuan in the U.S.
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Source: Wall Street Journal
Mutual hedge funds shunned by investors
November 27, 2015--Alternative mutual funds, which just two years ago accounted for a third of new money flowing into US retail funds, are being shunned by investors due to concerns over performance,
regulatory scrutiny and the closure of some products.
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Source: FT.com
ProShares to Transfer Four Funds to BATS Exchange
November 27, 2015--ProShares, a premier provider of ETFs, today announced that it will transfer the listing of four ProShares ETFs from the NYSE Arca to the BATS Exchange on or about December 15.
Current shareholders of these ProShares ETFs are not required to take any action, nor is the transfer expected to have any effect on the trading of fund shares.
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Source: ProShares
Purpose Investments Inc. Announces Definitive Agreement to Convert Central GoldTrust and Silver Bullion Trust Into ETFs in Partnership With Central Gold Managers Inc. and Silver Administrators Ltd.
November 26, 2015--Purpose Investments Inc. ("Purpose"), manager of the Purpose family of ETFs and mutual funds is pleased to announce it has entered into a definitive agreement with Central GoldTrust ("CGT"), Central Gold Managers Inc. ("CGT Administrator"), Silver Bullion Trust ("SBT", together with CGT, the "Funds") and Silver Administrators Inc. ("SBT Administrator", together with CGT Administrator, the "Administrators") regarding the conversion of the Funds into exchange-traded funds (each an "ETF") ("ETF Conversion").
The proposed ETF Conversion, which is subject to, among any other approvals that may be required, approval of the unitholders of each of CGT and SBT, has the unanimous support of the independent trustees of CGT and SBT, respectively, and represents an exciting opportunity for their respective unitholders.
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Source: Purpose Investments
Bond ETF Sales Surge as U.S. Ranks Last in World Debt Markets
November 26, 2015--Investors withdraw most from U.S. government ETFs in 14 months
Treasuries fall 1.1% in past month to become worst performers
Investors are selling U.S. government bond exchange-traded funds at the fastest pace in 14 months as the Federal Reserve prepares to raise interest rates, helping make Treasuries the worst-performing sovereign market.
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Source: Bloomberg
Deutsche Bank Announces Intention to Suspend Further Issuances of 21 Exchange Traded Notes
November 25, 2015--Deutsche Bank announced today that, effective January 1, 2016, it will suspend any further issuances of the following 21 Exchange Traded Notes (the ETNs):
Base Metals Double Long ETN- BDD
DB Base Metals Double Short ETN- BOM
DB Base Metals Long ETN- BDG
DB Base Metals Short ETN- BOS
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Source: Deutsche Bank
Deutsche Asset & Wealth Management's X-trackers platform launches enhanced beta ETFs
November 24, 2015--Deutsche Asset & Wealth Management (Deutsche AWM) today announced the launch of its first enhanced beta exchange traded funds (ETFs), Deutsche X-trackers Russell 1000 Enhanced Beta ETF (Ticker: DEUS) and Deutsche X-trackers FTSE Developed ex US Enhanced Beta ETF (Ticker: DEEF).
The ETFs are the US platform's first, broad-based US domestic and unhedged developed international equity ETFs. They are intended to serve as core portfolio allocations as well as an alternative to traditional market cap weighted domestic and international index products.
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Source: Deutsche Bank AG Press & Media Relations
