Americas ETP News
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ALPS Adds Sprott Gold Miners ETF to Schwab ETF OneSource Program
July 7, 2015--ALPS, a DST Company announced that the Sprott Gold Miners Exchange-Traded Fund (ETF) SGDM, is available on Schwab ETF OneSource(TM)-the program that provides investors and advisors with access to the most commission-free ETFs1 in the industry.
The industry's first factor-based gold mining ETF, the Sprott Gold Miners ETF, was created with Sprott Asset Management LP, a globally renowned investor in precious metals.
IMF Country Report-United States: Selected Issues
July 7, 2015--HOUSING FINANCE
While a number of important steps
have been taken to address the structural weaknesses exposed by
the crisis in mortgage markets, comprehensive housing finance reform remains the largest piece of unfinished business.
In particular, it is not clear when Fannie Mae and Freddie Mac will
exit conservatorship and what an end point for a reformed housing finance system will look like.
This creates not only fiscal but also financial risks: moral hazard from coverage of credit losses by the government or the government- sponsored enterprises, a distorted competitive landscape due to the dominant footprint of Fannie Mae and Freddie Mac, and large subsidies for homeownership that create incentives to take on excessive levels of household debt.
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Source: IMF
CBO-H.R. 2354, Streamlining Excessive and Costly Regulations Review Act
July 7, 2015--H.R. 2354 would require the Securities and Exchange Commission (SEC) to review its regulations every five years to determine whether they are outmoded, ineffective, or excessively burdensome.
Using the results of the review, the agency would then need to
consider modifying or repealing such rules and submit a report to the Congress for each rule change.
Based on information from the SEC, CBO estimates that the new review and reporting activities required under the bill would not have a significant effect on the agency's workload.
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Source: Congressional Budget Office (CBO)
Warren, McCain introduce bill to bring back Glass-Steagall
July 7, 2015--Sens. Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) are reintroducing legislation to revive the Glass-Steagall Act, which would force big banks to split their investment and commercial banking practices.
Glass-Steagall was first passed in 1933 but repealed during the Clinton administration, leading many progressives to argue that it contributed to the 2008 financial collapse.
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Source: TheHill.com
Delayed reporting seen boosting U.S. bond liquidity
July 7, 2015--Relaxing the required reporting time for bond trades might help restore some of the liquidity that the $8 trillion U.S. corporate debt market has lost, dealers and large investors said.
The fear is that declining liquidity, stemming from tougher capital rules on large banks, in this and other debt sectors poses growing risk for the entire bond market in times of distress, or if investors reduce bond holdings once the Federal Reserve begins raising interest rates.
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Source: Reuters
Delayed reporting seen boosting U.S. bond liquidity
July 7, 2015--Relaxing the required reporting time for bond trades might help restore some of the liquidity that the $8 trillion U.S. corporate debt market has lost, dealers and large investors said.
The fear is that declining liquidity, stemming from tougher capital rules on large banks, in this and other debt sectors poses growing risk for the entire bond market in times of distress, or if investors reduce bond holdings once the Federal Reserve begins raising interest rates.
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Source: Reuters
Nasdaq-Biotech: The Growth Story Continues
July 7, 2015--Sparked by a more favorable regulatory environment, new cutting-edge technology, and a fresh infusion of IPO and venture capital, the Nasdaq Biotechnology Index has experienced tremendous recent growth and looks poised to continue that trend.
Nasdaq Global Indexes delves into the primary drivers of the optimism around the Biotechnology market.
Aging Population
The size and scope of the Baby Boomer generation has opened an abundance of opportunities for both companies and investors alike.
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Source: Nasdaq.com
First Trust Nasdaq CEA Cybersecurity ETF Launches on The Nasdaq Stock Market
New ETF Tracks the Nasdaq CEA Cybersecurity Index(SM)
Nasdaq (Nasdaq:NDAQ) announced today that First Trust will list one new exchange-traded fund (ETF)- the First Trust Nasdaq CEA Cybersecurity ETF (Symbol:CIBR), today, July 7, 2015 on The Nasdaq Stock Market(R).
The ETF, which is based off of the Nasdaq CEA Cybersecurity IndexSM, is designed to track the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors.
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Source: Nasdaq.com
A Bitcoin Fund Is Born, With Teething Pains
An ETF-type investment, full of risks, is struggling for acceptance
July 6, 2015--If you have an online brokerage account, you can now buy shares in a fund that aims to track the price of the digital currency called bitcoin. Just don't expect a smooth ride.
Bitcoin is a highly speculative investment-the kind most financial advisers say investors should only buy into with money they can afford to lose. But some analysts think the new fund could bring the digital currency a step closer to broader acceptance by investors.
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Source: Wall Street Journal
Second Cyber-Security ETF to Launch Tuesday
July 6, 2015--A second cyber-security exchange-traded fund will hit the market tomorrow, just as the sector is hitting a major bout of turbulence.
First Trust Advisors announced in a statement that the First Trust NASDAQ CEA Cybersecurity ETF (CIBR) will debut on Tuesday, July 7.
The new ETF will attempt to mimic the popularity the PureFunds ISE Cyber Security ETF (HACK), which first hit markets in November
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Source: Barron's
