Americas ETP News
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BM&FBovespa seeks Latin America bourse stakes, to launch ETFs
May 12, 2015--BM&FBovespa SA, Brazil's sole listed exchange, wants to expand further across Latin America, following the purchase of an 8 percent stake in Chile's Bolsa de Comercio de Santiago, Chief Executive Officer Edemir Pinto said on Tuesday.
Similar stake purchases will continue, Pinto said at an event in São Paulo. Late last year, Pinto said BM&FBovespa had plans to become a minority shareholder in bourses in Argentina, Mexico, Colombia, Chile and Peru.
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Source: Reuters
CFTC Releases Final Interpretation on Forward Contracts with Embedded Volumetric Optionality
May 12, 2015--The U.S. Commodity Futures Trading Commission (CFTC) today released its Final Interpretation on Forward Contracts with Embedded Volumetric Optionality.
The interpretation identifies when an agreement, contract, or transaction would fall within the forward contract exclusions from the "swap" and "future delivery" definitions in the Commodity Exchange Act, notwithstanding that it allows for variations in the delivery amount (i.e., contains "embedded volumetric optionality"). The unanimous vote was conducted via seriatim.
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Federal Register: Forward Contracts With Embedded Volumetric Optionality
Source: CFTC.gov
Follow-the-Data Fed May Play Followthe-Markets to Avoid Shock
May 11, 2015--The Federal Reserve may be about to discover that letting the data drive its decisions on raising interest rates is easier said than done.
Fed Chair Janet Yellen's new strategy, a departure from six years of explicit guidance, calls for adjusting policy according to how the economy evolves. That will make it harder for investors to predict the Fed's decisions, and risks hurting growth if a surprise triggers a surge in bond yields that stifles business investment and starves the housing recovery.
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Source: Bloomberg
BlackRock, TIAA-CREF are big backers of overpaid CEOs
May 10, 2015--BlackRock, the world's largest asset manager, and TIAA-CREF, the leading US retirement provider for teachers and university professors,
are among the biggest supporters of high executive pay, according to As You Sow, a shareholder advocacy group.
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Source: FT.com
US government warns hedge funds pose cyber risk
May 10, 2015--Hedge funds are a weak link in the US financial system's defences against hackers and terrorists, the Obama administration has warned the industry.
The Department of Justice has also told hedge fund investors that their data could be at risk or they could face losses if hackers breach trading systems, and it urged them to put pressure on managers to beef up cyber security.
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Source: FT.com
Fees on Mutual Funds Fall. Thank Yourself.
May 9, 2015-Wall Street is reaping mounting revenue from mutual funds and exchange-traded funds, yet investors are paying lower fees.
That sounds like a good deal for the millions of people who use the funds to invest their savings, and a great deal for the companies that run and sell the funds.
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Source: NY Times
Should you trade your financial adviser for a robo-adviser?
May 8, 2015--If you're someone who likes everything in your life to be automated, you may want to consider automated investing services, also known as robo-advisers.
You invest through these services' websites. First you answer a few questions related to your age, investment goals, risk tolerance and current wealth, For example, Wealthfront, the largest in a crop of automated-investment startups with $2.25 billion of assets under management, asks six questions.
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Source: Bankrate.com
AdvisorShares Active ETF Report: The Consistent Growth Continues
May 8, 2015--Total net assets among actively managed ETFs grew by $550 million during April to reach $20.074 billion.
This marked the first time that assets in the space eclipsed the $20 billion mark. The growth of actively managed ETFs remains continuous and consistent -assets have increased $4.44 billion for a 28% gain over the trailing 12 months.
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Source: AdvisorShares
CFTC.gov Commitments of Traders Reports Update
May 8, 2015--The current reports for the week of May 5, 2015 are now available.
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Source: CFTC.gov
OIC Announces New Academic Research Finds Options-Based Investment Strategies Outperform Long Stock Strategy
Covered Combination Strategy Yields Highest Performance over 10-year Period
The Options Industry Council (OIC) announced today the release of a new academic research study, "The Performance of Options-Based Investment Strategies: Evidence for Individual Stocks During 2003-2013," conducted by Professors Michael L. Hemler, University of Notre Dame's Mendoza College of Business, and Thomas W. Miller, Jr., Mississippi State University.
The study, which was supported by OIC, found that some options-based portfolio strategies seemingly outperform long stock and improve the risk-return tradeoff of long equity portfolios over time.
view The Performance of Options-Based Investment Strategies:
Evidence for Individual Stocks During 2003-2013
Source: Options Industry Council (OIC)
