Americas ETP News
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Lattice Strategies Expands Risk-First Fund Family with Debut of Global Small-Cap ETF
March 24, 2015--Lattice Strategies, an investment management firm that seeks long-term capital growth through the disciplined and deliberate allocation of risk, today announced that its global small-cap exchange-traded fund (ETF), Lattice Global Small Cap Strategy ETF, began trading today on the New York Stock Exchange under the ticker (NYSE:ROGS).
The Lattice Global Small Cap Strategy ETF (ROGS) is based on the firm's conviction that the disciplined, intentional and systematic allocation of risks is the most influential contributor to long-term growth of capital.
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Source: Lattice Strategies
IndexIQ Adds to Industry-Leading Liquid Alts Family; Now Offers Complete Toolkit for Those Looking to "Build Their Own Hedge Fund Strategy"
MArch 24, 2015--New ETFs, IQ Hedge Long/Short Tracker ETF (QLS) & IQ Hedge Event-Driven Tracker ETF (QED) "complete the set" as IndexIQ now has an ETF for each of the four major hedge fund strategies
Investors and advisors can now build their own diversified hedge fund replication portfolio, and also make use of IndexIQ's inflation hedged, merger arbitrage and hedged natural resources offerings in their efforts
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Source: IndexIQ
SEC chief forges ahead on financial adviser regs
March 23, 2015--Securities and Exchange Commission (SEC) Chair Mary Jo White will tell Congress Tuesday that she is moving forward with stringent new regulations for financial advisers, according to prepared testimony obtained by The Hill.
White is asking staff to prepare recommendations about how to implement the contentious rules, according to the remarks drafted ahead of a hearing before the House Financial Services Committee.
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Source: The Hill
FIA Issues Guide on the Development and Operation of Automated Trading Systems
March 23, 2015--Today, FIA released a comprehensive guide to the development and operation of automated trading systems.
The Guide to the Development and Operation of Automated Trading Systems presents a comprehensive overview of the approaches that should be considered when building, managing, and reviewing automated trading systems.
view the FIA Guide to the Development and Operation of Automated Trading Systems
Source: FIA
SIFMA Releases White Paper Highlighting the Current Regulatory Regime Which Comprehensively Protects Investors and Preserves Investor Choice
March 23, 2015-- SIFMA today released a white paper developed by Morgan Lewis, titled "Department of Labor Retirement Initiative Fails to Consider Current Regulatory Regime, Which Comprehensively Protects Investors, Including IRA Investors, and Preserves Investor Choice."
The white paper addresses errant claims made in the Council of Economic Advisers' (CEA) report, "The Effects of Conflicted Advice on Retirement Savings" (CEA Report), regarding perceived inadequacies in the existing regulation of broker-dealers and investment advisers who provide assistance to IRA investors.
Schwab's Advisor Robo-Platform Offers 200 ETFs, 28 Asset Classes
Schwab Institutional Intelligent Portfolios requires 4% cash holdings in portfolios
March 23, 2015--Charles Schwab on Monday announced details of its Institutional Intelligent Portfolios (IIP) robo-advisor offering in a webcast with more than 3,100 of its RIA clients.
The advisor version of the platform will offer more than 200 ETFs, including some Schwab-branded ETFs, will require a 4% cash stake in each portfolio, and will be free to RIAs who custody more than $100 million at Schwab Advisor Services-those with less than $100 million will pay a 10 basis point fee to use IIP.
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Source: ThinkAdvisor.com
Questrade launches six distinctive ETFs, listed on the TSX
March 23, 2015--Today, Questrade Wealth Management launched Questrade Smart ETFs™ with the listing of six exchange traded funds on the TSX.
The six ETFs include four sector ETFs and two U.S. midcap ETFs, all based on Russell Indexes. Questrade Smart ETFs are hedged to the Canadian dollar (CAD), marking the first time investors can access Russell's equal-weight sectors and U.S. midcap equities on the TSX.
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Source: Questrade Financial Group Inc.:
CIBC Mellon to provide asset servicing for Questrade's new family of exchange-traded funds
March 23, 2015--CIBC Mellon today announced that Questrade Financial Group has selected CIBC Mellon as asset servicing provider for its newly-launched family of exchange-traded funds (ETFs).
CIBC Mellon will deliver custody, fund administration, ETF servicing and information-delivery services as Questrade enters Canada's ETF market with a family of Canadian-dollar hedged mid-to-large cap ETFs tracking US indexes.
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Source: CIBC Mellon
SIFMA Chief: Fiduciary Standard Could Be Detrimental To Investors
March 23, 2015--A new legal white paper said the proposed fiduciary standard for the sale of investment products "has the potential to cause a detrimental impact on all American savers, especially middle class investors, and the retirement system as a whole."
That's according to Kenneth E. Bentsen Jr., president and CEO of the Securities Industry and Financial Markets Association (SIFMA), which commissioned the white paper prepared by lawyers at Morgan Lewis and Bockius.
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Source: insurancenewsnet.com
US regulator calls fears over leveraged ETFs 'baseless'
March 23, 2015--The Securities and Exchange Commission's Michael Piwowar is downplaying warnings over leveraged exchange traded funds’ threat to market stability.
In a speech last week at the Investment Company Institute's conference in Palm Desert, California, the Republican commissioner called the criticisms "baseless"
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Source: FT.com
