Americas ETP News
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ETFs May Be Moving Stocks in Unseen Ways
April 18, 2015--A new study suggests that the funds may be herding equities together, especially in niche sectors like real estate and mining.
The $1.2 trillion in U.S. stock ETFs is having a much larger impact on the market than the fund industry claims, according to a recent report from Goldman Sachs. At issue: Heavy trading of index-tracking ETFs appears to be herding individual stocks up or down together, particularly in niche industries such as real estate and mining.
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Source: Barron's
Mackenzie Financial eyeing active ETFs in plan to expand products
April 17, 2015--Mackenzie Financial Corp. is pursuing a strategy to broaden its product offerings beyond traditional mutual funds, a move that could see it sell exchange-traded funds for the first time and mark a further shakeup of Canada's wealth management industry.
The fund company has appointed Michael Cooke as senior vice-president, head of alternative products for Mackenzie Investments, a newly created position. Mr. Cooke was former head of distribution of Invesco Canada Ltd.'s ETF division, PowerShares Canada.
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Source: The Globe and Mail
High Commodity Prices and Pro-Growth Reforms Played Equal Role in LatAm Economic Boom
New analysis draws lessons from last decade and helps identify reforms to accelerate growth
April 17, 2015--Favorable external conditions including high commodity prices and a stable macroeconomic environment, as well as pro-growth reforms boosted GDP per capita in Latin America and the Caribbean by about 5 percentage points (in purchasing power parity terms) over the last decade.
With the decline in prices of many of Latin America's major commodity exports, and slower growth both at home and in several of its trading partners, the region will increasingly need to turn to growth-enhancing reforms while maintaining a sound macroeconomic framework.
view the report-Beyond commodities: The growth challenge of Latin America and the Caribbean
Source: World Bank
Actively Managed ETFs Grow Quickly But Face Hurdles
April 17, 2015--Actively managed exchange traded funds are a small but fast-growing segment of the approximately $2 trillion ETF industry. But regulatory hurdles threaten to stunt their growth.
Like traditional mutual funds, actively managed ETFs harness the buy and sell ideas of professional money managers who aim to outperform a benchmark index. But, unlike mutual funds, the ETFs allow investors to manage short-term risks by trading intraday and using tools such as limit orders, which set maximum or minimum buy and sell prices. The ETFs also tend to have lower expenses than mutual funds.
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Source: Nasdaq.com
Direxion Investments Launches First 2x Leveraged China A-Shares ETF
CHAU allows traders to magnify exposure to hard-to-access China A-shares
April 16, 2015--Direxion Investments announced today that it has launched the first 2x leveraged exchange-traded fund (ETF) tied to China A-shares.
The Daily CSI 300 China A Share Bull 2x Shares (Ticker: CHAU) seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI 300 Index, which consists of 300 market-capitalization-weighted China A-share stocks.
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Source: Direxion Investments
BATS Launches Options Market, Hires Senior NYSE Officer
The stock-exchange operator hired Laura Morrison to run its global exchange-traded funds business
April 26, 2015--BATS Global Markets Inc., one of the three main stock-exchange operators in the U.S., made aggressive moves against its competitors on Thursday as it seeks to gain market share in trading of options and exchange-traded funds.
In the morning, the company announced it would launch an options market, called EDGX Options, in November of this year. The new exchange is designed to directly compete with options exchanges run by Nasdaq OMX Group Inc. and International Securities Exchange.
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Source: Wall Street Journal
CFTC.gov Swaps Report Update
April 15, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
New ETF Launches by Exposure ('15 YTD)
April 15, 2015--As of April 14, 2015, 65 new ETFs had been launched in the US.
A complete list of all ETFs in the US can be accessed here:
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Source: First Bridge Data
Schwab Disrupts ETF Industry And Plans To Keep At It
April 14, 2015--Schwab ETFs are growing fast. In just over five years, Schwab's 21 exchange traded funds have captured $30 billion in assets and 1.5% of total market share.
It's now the seventh largest ETF provider in asset size, up from 10th a year ago. John Sturiale, a senior vice president at Charles Schwab (NYSE:SCHW) Investment Management (CSIM), helped craft the brokerage's target retirement date funds in 2002.
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Source: Investors.com
Moody's-Cheaper Active: Taking a Stand Against
April 14, 2015--Summary Opinion
Eaton Vance's exchange traded managed fund structure represents a significant innovation in the asset management industry.
Eaton Vance's exchange traded managed
fund structure, branded as NextShares, combines the active management of mutual funds with the structural cost benefits of the ETF structure, creating an actively managed fund that
can better compete against passive ETFs. Traditional mutual funds' higher costs compared to passive exchange traded funds (ETFs) is a primary reason actively managed mutual funds
have lost market share to passive strategies.
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Source: nextshares.com
