Americas ETP News
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ETFs struggle to dazzle pension funds
March 17, 2015--Despite their much-lauded growth in the past few decades,
exchange-traded funds have been slow in attracting the attention of defined contribution pension schemes.
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Source: Financial News
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for February 2015
March 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for February 2015.
Positive economic indicators and a six percent gain for the S&P 500 during the month renewed investor confidence in stocks, but once again, it was passively managed international- and U.S.-equity funds that reaped the rewards. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
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Source: Morningstar
First Trust Extends its Latin American Reach Via Chile's Pension Funds
Chile's Pension Risk Rating Commission Approves Sale of Two First Trust AlphaDEX ETFs
March 17, 2015--First Trust Advisors L.P. ("First Trust"), a global ETF provider and asset manager, today announced that Chilean pension funds investment Risk Rating Commission, La Comisión Clasificadora de Riesgo (CCR), has approved two First Trust ETFs for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones(AFPs).
According to Chile's pension plan investment guidelines, before an ETF can be purchased in a pension fund, it must be approved by the CCR. "We are pleased that two AlphaDEX ETFs are officially approved for sale to Chilean pension funds," said Dan Lindquist, Managing Director of First Trust. "This opportunity helps to further expand the footprint of our merit-based AlphaDEX ETFs into a new institutional market for First Trust."
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Source: First Trust
Annual Changes to the NASDAQ US Broad Dividend Achiever Index
March 16, 2015--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the annual evaluation of the NASDAQ US Broad Dividend Achievers(TM) Index (Nasdaq:DAA), which will become effective prior to market open on Monday, March 23, 2015.
The following thirty-seven securities will be added to the Index: AmerisourceBergen Corporation (NYSE:ABC), Assurant, Inc. (NYSE:AIZ), AmeriGas Partners, L.P. (NYSE:APU), Best Buy Co., Inc. (NYSE:BBY), Compass Minerals International, Inc. (NYSE:CMP), Costco Wholesale Corporation (Nasdaq:COST)..
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Source: Nasdaq.com
Treasury International Capital Data For January
March 16, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2015. The next release, which will report on data for February 2015, is scheduled for April 15, 2015.
The sum total in January of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $88.3 billion. Of this, net foreign private inflows were $60.7 billion, and net foreign official inflows were $27.6 billion.
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Source: US Department of the Treasury
US SEC official says worries about ETFs and market volatility overblown
March 16, 2015--Concerns that riskier exchange-traded funds may contribute to increased volatility in financial markets because of the way they rebalance their portfolios are overblown, a top U.S. securities regulator said on Monday.
"There is a false narrative about leveraged and inverse ETFs being spread by the prudential regulators," Mike Piwowar, a member of the Securities and Exchange Commission, said in remarks prepared for delivery at a conference held by the Investment Company Institute.
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Source: Reuters
Financial Sector Regains S&P 500 Dividend Crown After Stress Tests
March 16, 2015--When the Federal Reserve Bank approved the post-stress test capital plans for 28 of the 31 banks subject to the Comprehensive Capital Analysis and Review (CCAR), it set off a flurry of announcements of, dividend increases and share repurchases that lit up the tape.
All told, 20 banks and financial firms from the S&P 500 announced dividend increases within a few hours of receiving Fed approval, ranging from a 4.1% rise for US Bancorp to a whopping 400% increase for Citigroup.
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Source: The Street
Assets in ETFs/ETPs listed in the United States reached a new record high of 2.09 trillion US dollars at the end of February 2015 according to ETFGI
March 16, 2015-Assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.09 trillion at the end of February 2015, according to ETFGI's monthly ETF and ETP global insight report for February.
The US ETF/ETP industry had 1,667 ETFs/ETPs, from 73 providers listed on 3 exchanges at the end of February.
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Source: ETGI
ETFs/ETPs listed in Canada celebrated their 25th anniversary on March 9th according to ETFGI
March 16, 2015--March 9th marked the 25th anniversary of the listing of the first ETF in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.
In February 2015, ETFs/ETPs listed in Canada saw net inflows of US$1.2 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$743 Mn, followed by fixed income ETFs/ETPs with US$290 Mn, while commodity ETFs/ETPs experienced net outflows of US$29 Mn, according to ETFGI’s monthly ETF and ETP global insight report for February. The Canadian ETF industry had 355 ETFs, with 502 listings, assets of US$65 Bn, from 9 providers on 1 exchange at the end of February.
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Source: ETFGI
Investors shift focus to equity ETFs
March 13, 2015--Global assets invested in exchange-traded products reached a high of US$2.91 trillion as of the end of February, according to preliminary data from ETFGI.
The research firm expects assets to surpass US$3 trillion within the first half of 2015, considering there were US$50.7 billion in global, net new asset inflows in February alone.
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Source: Benefits Canada
