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London Stock Exchange: FTSE Russell Introduces New Pure Style Index Series
May 27, 2015--Expands upon FTSE Russell's innovative family of U.S. style indexes
A more concentrated "smart beta" version of Russell Growth & Value Indexes
Invesco PowerShares to use as basis for new set of ETFs
FTSE Russell, a leading global index provider today announced the launch of the Russell Pure Style(R) Index Series. An extension of the Russell Growth and Value Indexes, the series is designed as a more concentrated and targeted measure of stocks exhibiting strong growth or value characteristics, providing an added dimension to investors seeking additional ways of managing their U.S. equity style exposures.
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Source: 4-traders.com
Former Head of PowerShares Lists Elkhorn S&P 500 Capital Expenditures ETF (CAPX)
The First Capex ETF
May 27, 2015--Elkhorn Investments, LLC, an independent investment firm that designs, sponsors and distributes innovative financial solutions with industry-leading research partners, announced today the Elkhorn S&P 500(R)Capital Expenditures ETF (NASDAQ: CAPX) has begun trading on The Nasdaq Stock Market.
CAPX seeks to track the performance of the S&P 500 Capex Efficiency Index (Index).
"We are pleased to receive a license from S&P Dow Jones Indices for the S&P 500 Capex Efficiency Index, bringing the first capital expenditures (capex) ETF to market," said Ben Fulton, Founder and CEO of Elkhorn Investments and former Managing Director of Global ETFs at Invesco PowerShares.
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Source: Elkhorn
Finra releases revised broker compensation proposal
May 27, 2015--Brokerages would have to send an 'educational communication' to investors outlining questions they should ask their broker about compensation and other inducements for switching firms
May 27, 2015--
Under the rule, brokerages would have to send an "educational communication" to investors working with a broker who is moving to their firm. The document customers receive would outline questions they should ask their broker about the compensation and other inducements the broker is getting to transfer to the new firm.
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Source: Investment News
Survey Reveals ETFs Have Surpassed Mutual Funds as Preferred Investment Vehicle by Financial Advisers
Survey Reveals ETFs Have Surpassed Mutual Funds as Preferred Investment Vehicle by Financial Advisers
May 27, 2015--According to the 2015 Trends in Investing Survey by the Journal of Financial Planning and the FPA Research and Practice Institute(TM), as an investment vehicle that advisers use and recommend, Exchange-Traded Funds (ETFs) now surpass mutual funds in popularity.
This marks the first time since the survey was first completed in 2006 that ETFs have assumed the role of preferred investment vehicle among advisers, with 81 percent of financial advisers surveyed currently using or recommending ETFs with their clients-the most popular investment vehicle among 17 options.
view the 2015 Trends in Investing Survey Invesco PowerShares and FTSE Russell Expand Smart Beta Relationship with Complete Pure Style Portfolios The PowerShares Russell Pure Style Portfolios provide investors who are seeking more control over style exposures in their portfolio with an optimum balance between growth and value segments within large-,mid-,and small--cap companies.
view more Direxion Asset Management Closing 3X Leveraged Gold ETF view more Listed Options Available for the U.S. Global Jets ETF
Numerous options strategies can be utilized to gain access to the airline industry such as:
view more Morningstar doubles down on expense ratio disparity debate view more Fed's massive bond portfolio has market participants anxious view more Blackrock Now #79 Largest Company, Surpassing Lockheed Martin view more
Source: FPA
May 26, 2015--Six ETFs based on the Russell Pure Style Methodology Enable Index-Based Investors to Take Style Investing to Another Level
Include only stocks with pure growth and pure value characteristics
Eliminates overlap inherent in traditional methodology
Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), expanded its relationship with six Pure Style ETFs that are open for trading on the NYSE Arca. The six ETFs are based on the Russell Pure Style Indexes, a new series of smart beta indexes introduced by FTSE Russell to build on its signature growth and value indexes.
Source: Invesco PowerShares Capital Management LLC
May 26, 2015--The Direxion Shares ETF Trust II has decided to liquidate and close the Direxion Daily Gold Bull 3X Shares (Ticker: BAR) exchange-traded fund ("the Fund") based on the recommendation of Direxion Asset Management, LLC ("Direxion"), the Fund's Sponsor.
Due to the Fund's inability to attract sufficient investment assets, Direxion believes the Fund cannot continue to conduct its business and operations in an economically efficient manner. As a result, Direxion concluded that liquidating and closing the Fund would be in the best interests of the Fund and its shareholders.
Source: Direxion
May 26, 2015--Listed options are now available to market participants on the U.S. Global Jets ETF (NYSE: JETS), the only global airline industry ETF on the market.
Using options tied to JETS, investors have additional opportunities to gain exposure to the airline industry with a smaller capital requirement.
covered call writing
entering into call spreads
buying puts
Source: U.S. Global Investors, Inc.
Fund tracker is at odds with SEC on how some fund report expenses
May 26, 2015--The puzzling riddle of expense ratios for many liquid alternative mutual funds is not going away, as illustrated by last week's detailed post by Josh Charlson, director of manager research for alternative strategies at Morningstar Inc.
For financial advisers, trying to answer the riddle often means another layer of research on certain liquid alt strategies, or potentially screening out funds that might otherwise make the cut.
Source: Investment News
May 26, 2015--Asset managers are concerned about how the Federal Reserve will dispose of $4 trillion in bonds
it has accumulated through quantitative easing.
Source: SmartBrief
May 26, 2015--In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Blackrock Incorporated (NYSE: BLK) has taken over the #79 spot from Lockheed Martin Corp. (NYSE: LMT), according to The Online Investor.
Source: Forbes
