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AdvisorShares Weekly Market Update: Jobs Numbers, Yields, Active ETFs-We Have You Covered
May 15, 2015--For the week of May 4-May 8
Juuuuuuust Right
Macro
The non-farm jobs report was remarkably close to the consensus estimate. Last week we noted Barron's calling for
212,000 with the actual print coming at 223,000.
As the title of this post implies, on the surface it looks like a Goldilocks
number. Fed Governor Charles Evans talked during the week (before the report) and said that this number would need to be at least 200,,000 to even consider hiking rates this year.
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Source: AdvisorShares
Treasury International Capital Data for March
May 15, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for March 2015. The next release, which will report on data for April 2015, is scheduled for June 15, 2015.
The sum total in March of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $100.9 billion. Of this, net foreign private outflows were $90.5 billion, and net foreign official outflows were $10.4 billion.
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Source: US Department of the Treasury
First Trust Announces Changes to Investment Objectives for 11 AlphaDEX(R) ETFs
May 15, 2015--On or about July 14, 2015, each of the index exchange-traded funds listed below (each a "Fund") will seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of a NASDAQ AlphaDEX(R) Equity Index (each, a "New Index").
Each New Index is a modified equal-dollar weighted index developed and maintained by The NASDAQ OMX Group, Inc. ("NASDAQ") that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology.
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Source: First Trust Advisors L.P.
Bucket of cold water dumped on this hot investing strategy
May 14, 2015--A red-hot index-based investing technique known as "smart beta" got splashed with cold water in a new study.
Smart beta uses indexes that aren't weighted by market cap like conventional benchmarks such as the S&P 500 SPX. For example, a smart-beta ETF might give all components the same weight, as the Guggenheim S&P 500 Equal Weight ETF RSP does, rather than give the most weight to Apple AAPL, like a regular S&P 500 fund.
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Source: MarketWatch
Exclusive: Eaton Vance to help cover broker costs on new ETFs
May 14, 2015--In an unprecedented move,, Eaton Vance Corp will offer to help some brokerages pay their technology costs to make the fund company's new breed of exchange-traded funds available to investors, Tom Faust, Eaton's chief executive officer, told Reuters this week.
The Boston-based company also plans to pay brokerage firms a share of the revenues from the sale of the funds, which Faust hopes will be available by year-end.
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Source: Reuters
Reminder: Direxion Investments to Execute Reverse and Forward Share Splits of 19 Leveraged ETFs
May 14, 2015--Direxion Investments will execute the previously announced reverse share splits for 8 of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another 11 leveraged ETFs.
The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined in the original announcement.
8 Reverse Splits
Direxion will execute reverse splits of the shares of the Direxion Daily Brazil Bull 3X Shares (BRZU), Direxion Daily FTSE China Bear 3X Shares (YANG), Direxion Daily Natural Gas Related Bull 3X Shares (GASL), Direxion Daily Mid Cap Bear 3X Shares (MIDZ), Direxion Daily Latin America Bull 3X Shares (LBJ), Direxion Daily Russia Bear 3X Shares (RUSS), Direxion Daily Semiconductor Bear 3X Shares (SOXS), and Direxion Daily Technology Bear 3X Shares (TECS), effective at the open of the market on May 20, 2015.
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Source: Direxion
The Mexican Stock Exchange and S&P Dow Jones Indices Announce Agreement for Index Licensing, Distribution, and Management of BMV Indices
May 14, 2015--The Mexican Stock Exchange (BMV) and S&P Dow Jones Indices (S&P DJI), one of the world's leading providers of financial market indices, today announced that they have signed an agreement to license all of the BMV indices including their flagship index, IPC (Indice de Precios y Cotizaciones)-the broadest indicator of the BMV's overall performance.
A signing ceremony was conducted at the Exchange earlier today.
This agreement aims to achieve an integration of operational processes between the institutions, a business strategy which allows for the expansion of clients globally, and the development and licensing, distribution and administration of new indices.
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Source: S&P Dow Jones Indices
The Mexican Stock Exchange and S&P Dow Jones Indices Announce Agreement for Index Licensing, Distribution and Management of BMV Indices
May 14, 2015--The Mexican Stock Exchange (BMV) and S&P Dow Jones Indices (S&P DJI), one of the world's leading providers of financial market indices, today announced that they have signed an agreement to license all of the BMV indices including their flagship index, IPC (Indice de Precios y Cotizaciones)-the broadest indicator of the BMV's overall performance.
A signing ceremony was conducted at the Exchange earlier today.
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Source: S&P Dow Jones Indices
Global X Launches Family Of Scientific Beta ETFs Tracking Indexes Developed By EDHEC-Risk Institute
Funds seek to outperform benchmark indexes at a fraction of the cost of active management
May 13, 2015--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched a family of four ETFs based on EDHEC-Risk Institute's Scientific Beta indexes:
Global X Scientific Beta US ETF (SCIU)
Global X Scientific Beta Europe ETF (SCID)
Global X Scientific Beta Japan ETF (SCIJ)
Global X Scientific Beta Asia ex-Japan ETF (SCIX)
The Scientific Beta ETFs provide core equity exposure to the U.S., Europe, Asia ex-Japan and Japan.
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Source: Global X
Diamond Hill Launches New ETF
New fund tracks an index that seeks to outperform traditional market cap weighted indexes with a proprietary forward-looking methodolog
y based on "intrinsic value capitalization"
May 13, 2015--The Diamond Hill Valuation-Weighted 500 ETF
(NYSE: DHVW), a new Exchange Traded Fund (ETF) that uses an intrinsic value capitalization approach to track an
index seeking to outperform traditional broad-based market capitalization-weighted index funds, was launched May 12, 2015 by Diamond Hill Capital Management, Inc. ("Diamond Hill"), a subsidiary of Diamond Hi
ll Investment Group, Inc. (NASDAQ: DHIL). Diamond Hill is a leading indepe
ndent investment firm with approximately $16 billion in assets
under management (AUM).
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Source: Diamond Hill® Capital Management, Inc
