Americas ETP News
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NASDAQ Stock Market LLC Files Proposed Rule Change to List and Trade 18 Eaton Vance and Parametric NextShares(TM) Funds
April 27, 2015--Eaton Vance Management (Eaton Vance) and Navigate Fund Solutions LLC (Navigate), wholly owned subsidiaries of Eaton Vance Corp. (NYSE: EV), today announced the filing by The NASDAQ Stock Market LLC (Nasdaq) with the U.S. Securities and Exchange Commission
(SEC) of a proposed rule change to list and trade under Nasdaq Rule 5745 the shares of the listed NextSharesTM exchange-traded managed funds (Funds)
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Source: nextshares.com
Vanguard looking to license its cost-cutting ETF patent
April 26, 2015--Vanguard is considering letting others in on its exclusive right to offer exchange traded funds as a share class of existing mutual funds through a licensing agreement with USAA.
Officials from the two firms confirmed they are negotiating a deal that would give USAA access to Vanguard's patent-protected ETF share class methodology.
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Source: FT.com
AdvisorShares Active ETF Report
April 23, 2014--As of March 31, 2015--Assets in the actively managed ETF space contracted by less than 1% during March which is not out of line given the decline in U.S. equity markets during the month.
Despite this small pullback, notable asset growth did progress in other areas, notably led by the Bank Loan category.
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Source: AdvisorShares
Purpose Investments Announces the Launch of Two Highly Innovative International Funds
April 22, 2015--Purpose Investments Inc. ("Purpose") is pleased to announce the launch of two new international investment funds, Purpose International Dividend Fund (TSX:PID) and Purpose International Tactical Hedged Equity Fund (TSX:PHW) (collectively the "Funds").
Purpose has completed the initial public offering of the ETF units of Purpose International Dividend Fund and ETF shares of Purpose International Tactical Hedged Equity Fund.
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Source: Purpose Investments
Nasdaq Lists The AlphaMark Actively Managed Small Cap ETF
April 21, 2015--Only Actively Managed ETF in the Small Cap Growth Space
Nasdaq announced that US Bancorp will list a new exchange-traded fund (ETF), The AlphaMark Actively Managed Small Cap ETF (Symbol: SMCP), which will begin trading on The Nasdaq Stock Market today, April 21, 2015.
"The AlphaMark Small Cap ETF will provide actively managed small cap exposure driven by high quality earnings momentum at a reasonable price to cash flow while utilizing an alpha preservation strategy," said Michael Simon, Founder and CIO of AlphaMark Advisors, LLC.
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Source: Nasdaq.com
WisdomTree Names Alisa Maute Head of Sales
Company Veteran with Diverse Channel Experience Assumes U.S. Sales Leadership Role
April 20, 2015--WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the appointment of Alisa Maute as Head of U.S. Sales.
Ms. Maute joined WisdomTree in June of 2008, spending five years as a Regional Director in the Company's National Full Service (NFS) broker/dealer channel and the past two years as a Regional Director covering the Registered Investment Advisor (RIA) channel in the Midwest.
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Source: WisdomTree
BlackRock to pay $12 mln in SEC conflict of interest case
April 20, 2015--BlackRock Inc, one of the world's largest asset managers, agreed to pay $12 million to resolve U.S. Securities and Exchange Commission charges that a unit failed to disclose a conflict of interest created by the outside business activity of a top portfolio manager.
The SEC on Monday said BlackRock Advisors LLC breached its fiduciary duties to clients by failing to disclose that Daniel Rice, who oversaw some energy funds and separate accounts, was running a family-owned oil and natural gas company that ultimately became the largest holding of a fund he ran for BlackRock.
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Source: Reuters
Volcker calls for U.S. financial regulation shakeup
April 20, 2015--The U.S. financial regulatory system is outdated and riddled with loopholes, former Federal Reserve Chairman Paul Volcker said on Monday as he offered an overhaul plan to make watchdogs more effective.
The rise of the shadow banking sector-companies that provide credit but are not regulated as banks -demonstrates the urgency of regulatory reform, which failed to take root after the 2007-09 financial crisis, he said.
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Source: Reuters
Institutional use of ETFs due to grow next year
P&I survey also details why some asset owners prefer not to use them,br>April 20, 2015--Some 34% of officials at defined benefit plans, foundations and endowments say they use ETFs or ETNs, and of those, one-uarter plan to increase their usage, a new Pensions & Investments survey shows.
Among non-users, about 14% of those surveyed say it's "somewhat likely" they would begin to invest via exchange-traded funds and notes within the next year, according to the survey.
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Source: Pensions & Investments
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
