Americas ETP News
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BlackRock says regulators misunderstand securities lending risks
May 13, 2015--BlackRock Inc., on Wednesday pushed back against arguments by the New York Federal Reserve and other regulators that asset managers' securities lending operations may pose major risks to the market and may need greater oversight.
In a seven-page white paper seen by Reuters, the world's largest money manager says financial regulators misunderstand securities lending and are overstating its risks with regard to the industry as a whole, and BlackRock in particular.
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Source: Reuters
Hedge fund launches first ETF for Canadian heavy crude oil
May 12, 2015--The first exchange-traded fund tracking the price of Canadian heavy crude launched on Tuesday, enabling investors to gain exposure to the country's physical crude market and potentially boosting liquidity.
The Canadian Crude Oil Index ETF, issued by Calgary-based hedge fund manager Auspice Capital Advisors Ltd, will be based on the price of Western Canada Select heavy blend crude.
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Source: Reuters
Market Prophit Launches First Social Media Sentiment Stock Market Index
Investors Able to Get Pulse of the Crowd Sentiment through New Smart Beta Index
May 12, 2015--Market Prophit (www.marketprophit.com) an industry-leading provider of real-time stock market sentiment analysis of social media conversations has launched the first-of-its kind social media sentiment smart beta index.
The index will be calculated by S&P Dow Jones Indices based on their corporate actions data and Market Prophit's proprietary sentiment data. The index, which will be both real time as well as have end of day historical values, will be available on the Bloomberg Terminal under the ticker symbols CROWD, CROWDTR, and CROWDNTR (index price return, index total return, and index net total return) respectively.
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Source: Market Prophit
Deutsche X-trackers MSCI EAFE Hedged Equity ETF increases creation unit size
May 12, 2015--Deutsche Asset & Wealth Management (Deutsche AWM) today announced that the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF) increased its creation unit from 50,000 to 200,000 shares as of today's trade date.
DBEF will now only issue or redeem shares that have been aggregated into blocks of 200,000 shares or multiples thereof to authorized participants who have entered into agreements with its distributor.
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Source: Deutsche Asset & Wealth Management
Nasdaq Monthly-Index Report-Which Index was up 21.8% last month?
May 12, 2015--The Nasdaq Index Monthly Performance Report (as of 4/30/15) is available.
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Source: NASDAQ.com
TMX CEO says wants to differentiate with data
May 12, 2015--Markets operator TMX Group Ltd plans to better integrate its disparate units and make more use of data amid rising competition in the domestic exchange industry, the Toronto Stock Exchange operator's chief executive said on Tuesday.
The company posted an 8 percent decline in first-quarter profit late on Monday, missing analyst expectations, hurt by low commodity prices and higher expenses
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Source: Reuters
SEC's Gallagher to Resign as Commissioner After Four Years
MAy 12, 2015--Daniel Gallagher is resigning his post as a Republican member of the U.S. Securities and Exchange Commission after four years, a time marked by partisan battles over the regulatory response to the 2008 financial crisis, according to three people familiar with the matter.
The White House will now need to replace him as well as Luis Aguilar, the Democratic commissioner whose term expires next month. The departures herald a transformation at the agency, which has struggled to write dozens of new regulations arising from the 2010 Dodd-Frank Act.
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Source: Bloomberg
IMF-Brazil: Selected Issues Paper
May 12, 2015--Summary: Overview 1. Developing an economic strategy to scale up infrastructure investment requires establishing the link between infrastructure provisions and growth, determining the infrastructure gap, and identifying financing and optimal provisioning. Areas where Brazil’s competitiveness has lagged include, but are not limited to, education, innovation, governance and justice.
Yet, inadequate infrastructure is increasingly identified as the key bottleneck behind low productivity, stagnating export performance, insufficient domestic market integration, and weak growth potential. Market segmentation caused by divergence in relative prices can have potentially severe social and macroeconomic implications. Income inequality may also increase with market segmentation, as low income producers in rural areas are adversely impacted by difficulties accessing large consumer markets. Several years of underinvestment in infrastructure have contributed to reducing potential growth.
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Source: IMF
Goldman Prepares for Grand Entry into the ETF World
May 12, 2015--The ETF industry has been taking giant strides since last year with many issuers launching products with varied themes, while several others making inroads into the field.
And if 2014 turned out a historic year for the ETF industry with assets hitting the $2 trillion (approximately) mark and over 180 ETFs being rolled out, 2015 looks even more promising
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Source: Nasdaq.com
RBC Global Asset Management introduces a suite of core equity ETFs
New Canadian, U.S. and EAFE equity ETFs offer high-quality portfolios with broad core market exposure
Two new currency-hedged ETFs provide investors with the option to manage their currency risk
May 12, 2015--RBC Global Asset Management Inc. (RBC GAM) today announced the introduction of the RBC Quant Equity Leaders suite of Exchange Traded Funds (ETFs), designed to offer investors and advisors diversified core equity exposure in Canadian, U.S. and international markets.
The five new RBC Quant Equity Leaders ETFs are now available for purchase on the Toronto Stock Exchange (TSX).
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Source: RBC Global Asset Management
