Americas ETP News
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Mutual fund dealers may soon be able to more easily sell ETFs
February 20, 2015--The Mutual Fund Dealers Association (MFDA) is looking to develop proficiency standards for trading in exchange-traded funds, a move that could make ETFs accessible to more investors.
Currently, mutual fund licensed representatives can trade in exchange-traded funds that meet the definition of a mutual fund under securities legislation. This includes the majority of ETFs in the marketplace.
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Source: The Globe and Mail
GreenHaven Funds Announces Launch of "TONS," the First Coal Exchange Traded Product
February 20, 2015--GreenHaven announced today the launch of the GreenHaven Coal Fund (NYSE-ARCA: TONS), the first Exchange Traded Product ("ETP") designed to offer investors with exposure to daily changes in the price of coal futures contracts.
The Fund's prospectus and information about the Fund can be found at www.greenhavenfunds.com.
"As the first single-commodity coal ETP, TONS offers investors access to a global market that before now has generally been accessible only to institutions and traditional coal companies" said Cooper Anderson, Chief Financial Officer of GreenHaven Coal Services, LLC, the Fund's sponsor.
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Source: GreenHaven
CFTC.gov Commitments of Traders Reports Update
February 20, 2015--The current reports for the week of February 17, 2015 are now available.
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Source: CFTC.gov
Lutnick Says BGC in Talks With GFI Group for Consensual Takeover
February 19, 2015--Howard Lutnick says he's on the verge of succeeding in his six-month campaign to acquire interdealer broker GFI Group Inc.
Lutnick's BGC Partners Inc. is in talks with GFI’s board for a consensual agreement related to its $6.10-per-share bid, BGC said in a statement. A tender offer for GFI shareholders is set to expire at 5 p.m. Thursday in New York.
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Source: Bloomberg
DeAWM adds senior market head to cover Latin America
February 19, 2015--Deutsche Asset & Wealth Management (Deutsche AWM) has appointed Santiago Trigo as a Managing Director and Market Head for the combined region of Southern Cone and Andean.
Based in Miami, Trigo will be responsible for executing the regional strategy and delivering Deutsche AWM's wealth management platform to this region in Latin America.
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Source: Wealth Adviser
PowerShares Canada to increase NAV on three ETFs
February 19, 2015--PowerShares Canada announced today that it will increase the net asset value (NAV) of three TSX-listed PowerShares exchange-traded funds (the "ETFs") calculated after close of business on February 20, 2015.
PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF [TSX: PFH] and PowerShares Senior Loan (CAD Hedged) Index ETF [TSX: BKL] invest in one or more U.S. Regulated Investment Companies (RICs) that earn and distribute qualified interest-related dividends.
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Source: Invesco Canada Ltd.
RISE ETF (NYSEArca:RISE) Offers Unique Hedge Against Rising Interest Rates
February 19, 2015--ETF Managers Capital LLC, a subsidiary of ETF Managers Group, in partnership with Sit Investment Associates today successfully launched the first exchange traded fund (ETF) designed to hedge rising interest rates by targeting a constant negative 10 year bond duration.
Fund details:
Sit Rising Rate ETF (RISE) seeks to profit from rising interest rates by tracking the performance of a portfolio consisting of exchange traded futures contracts and options on futures on 2, 5 and 10-year U.S. Treasury securities weighted to achieve a targeted negative 10 year average effective portfolio duration.
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Source:ETF Managers Capital
AdvisorShares Weekly Market Update: All Time Highs But Is There Trouble Brewing?
February 19, 2015--Macro
Domestic equity markets were higher last week, including a couple of all-time highs. The Dow Jones Industrial Average was up 1.09%, closing above 18,000, the S&P 500 was up 2.0% to close at a record high, the NASDAQ lead the way with a 3.14% gain and the Russell 2000 was up 1.65% to also
notch an all-time high.
Last week's AdvisorShares Alpha Call featured Charles Biderman, Brad Lamensdorf and John Del Vecchio and one
subject covered was the extent to which market leadership has been narrowing as fewer stocks are making new highs
despite the broad indexes being close to, or at all-time highs.
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Source: AdvisorShares
Minutes Of The Federal Open Market Committee, January 27-28, 2015
February 18, 2015--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 27-28, 2015.
view the Minutes Of The Federal Open Market Committee, January 27-28, 2015
Source: federalreserve.gov
Treasury International Capital Data For December
February 18, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2014. The next release, which will report on data for January 2015, is scheduled for March 16, 2015.
The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $174.8 billion. Of this, net foreign private outflows were $143.7 billion, and net foreign official outflows were $31.1 billion.
Foreign residents decreased their holdings of long-term U.S. securities in December; net sales were $5.8 billion. Net purchases by private foreign investors were $14.5 billion, while net sales by foreign official institutions were $20.3 billion.
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Source: US Treasury
