Americas ETP News
If your looking for specific news, using the search function will narrow down the results
IMF Working paper-A New Methodology for Estimating the Output Gap in the United States
June 30, 2015-- Summary: The gap between potential and actual output-the output gap-is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy.
The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates.
view the IMF Working paper-A New Methodology for Estimating the Output Gap in the United States
Source: IMF
Zuma Bay Capital Launches Volatility-Based Alternative Investment Fund
Zuma Bay Volatility Fund uses hedged S&P 500 volatility (VIX) to deliver market-neutral returns.
June 30, 2015--Zuma Bay Capital, LLC, a California registered investment advisor (RIA), has launched the Zuma Bay Volatility Fund.
The objective of the Fund is to deliver consistent market-neutral returns with limited downside exposure. To accomplish this the fund utilizes a strategy that trades S&P 500 volatility (i.e. VIX) derivatives, namely VIX ETFs/ETNs and vertical spreads on their related options. The Manager implements a proprietary quantitative model using market data and macroeconomic inputs to forecast changes in the VIX in order to optimize trade timing and limit downside risk.
view more
Source: Zuma Bay Capital
Bruised Solar Stock Hanergy Exits Guggenheim ETFs
June 30, 2015--Troubled Chinese solar stock Hanergy has been dumped from the flagship solar exchange traded fund.
The banged-up stock contributed to a steep fall in Guggenheim Solar (TAN), a $332.1 million ETF, in late May. Two other Guggenheim ETFs have also sold off all positions in Hanergy Thin Film Power Group, according to a representative for the company.
view more
Source: Nasdaq.com
Nuveen Diversified Commodity Fund Announces Shareholder Approval of Proposed ETF Conversion
June 30, 2015--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of the Nuveen Diversified Commodity Fund (CFD), have approved the plan to convert the fund into an open-ended exchange-traded fund (ETF).
The conversion plan is also contingent on customary regulatory approvals.
As previously announced, the purpose of the conversion is to seek a closer alignment between the fund’s share price and net asset value.
view more
Source: MarketWatch
Morgan Stanley Statement on its Exchange-Traded Notes
June 30, 2015--Morgan Stanley (NYSE:MS) today announced that it does not intend to issue any additional notes in five series of outstanding exchange-traded notes.
These exchange-traded notes, which will continue to trade on the NYSE Arca, are
listed below:
Morgan Stanley Cushing^(R) MLP High Income Index ETNs due March 21, 2031 (NYSE Arca:MLPY)
view more
Source: Bloomberg
First Asset Canadian REIT Income Fund to Convert into Actively Managed ETF
June 30, 2015--First Asset Investment Management Inc. announces that unitholders of First Asset Canadian REIT Income Fund (the "Fund") approved amendments to the Fund's declaration of trust in order to permit its conversion from a closed-end fund to an actively managed exchange traded fund (the "ETF Conversion"), and certain other changes to the investment objectives, strategies and restrictions of the Fund.
First Asset Investment Management Inc.'s Lee Goldman will continue to manage the Fund following the ETF Conversion.
view more
Source: First Asset
First Asset Investment Management Inc. Announces Changes to its First Asset ETF Lineup
June 30, 2015--First Asset Investment Management Inc. ("First Asset") announces that it will terminate the following funds (the "Funds") due to their current size and/or the existence of a suitable First Asset alternative.
The Funds will terminate on or about August 31, 2015 (the "Termination Date").
view more
Source: First Asset
Schwab ETF OneSource(TM) Expands Menu of Commission-Free ETFs and Welcomes J.P. Morgan Asset Management to Program
New Additions Broaden Access to $0 Commission Strategic Beta and Currency-Hedged ETFs
June 30, 2015--Charles Schwab announced today it is adding one new ETF provider-J.P. Morgan Asset Management-and nine new ETFs to Schwab ETF OneSource(TM), the program that offers investors and advisors the most commission-free* ETFs anywhere in the industry.
The additions give investors more choice within two highly sought-after categories in investing today-currency-hedged ETFs and strategic beta funds across both U.S. and international markets.
CFTC Issues Proposed Rule on Cross-Border Margin
June 29, 2015--The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose a rule that would apply the Commission's margin requirements for uncleared swaps in the context of cross-border transactions (Proposed Rule).
The Proposed Rule would apply to Commission-registered swap dealers and major swap participants that are not subject to the margin requirements of other prudential regulators, such as the Federal Reserve Board, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (collectively, covered swap entities). The comment period ends 60 days after the publication in the Federal Register.
view more
Source: CFTC.gov
OCC Reports First Quarter Bank Trading Revenue of $7.7 Billion
June 29, 2015--Insured U.S. commercial banks and savings institutions reported trading revenue of $7.7 billion in the first quarter of 2015, $3.2 billion higher (72 percent) than in the fourth quarter, the Office of the Comptroller of the Currency (OCC) reported today in the OCC's Quarterly Report on Bank Trading and Derivatives Activities.
Trading revenue in the first quarter was $1.5 billion higher (24 percent) than in the first quarter of 2014.
view the OCC's Quarterly Report on Bank Trading and Derivatives Activities First Quarter 2015
Source: OCC
