Americas ETP News
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Rush for exposure to US fuels ETF inflows
December 28, 2014--A scramble for exposure to the US’s economic recovery dominated flows into fast-growing exchange traded funds in 2014, and contrasted with fading investor enthusiasm for Europe.
International flows into all ETFs with exposure to the US this year were equivalent to almost 50 per cent of starting assets under management-the strongest since 2008, according to an analysis for the Financial Times by Markit, the financial data provider.
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Source: FT.com
Why it’s time for investors to move out of Canada- and stay out
December 27, 2014--It's easy to make a case against the Canadian stock market.
For starters, resources make up a third of the S&P/TSX composite index and they are being absolutely pummelled. Factor in a 35% weight in financials, and there’s very little on the Canadian benchmark that is non-cyclical.
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Source: Financial Post
Vanguard Cuts Fees on Sector Stock ETFs
December 26, 2014--The was no Christmas truce in the ETF fee wars this year.
Vanguard Group announced earlier this week that it lowered expenses for its 10 U.S. sector stock exchange-traded funds,
as well as for two separate ETFs and more than a dozen mutual funds.
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Source: Barron's
ETFs Shatter Records, Climb Above $2 Trillion in Assets
December 26, 2014--When the history of the investment world is written, 2014 might go down, in part, as the year of the ETF.
ETFs hit new record
Assets in U.S. listed exchange traded funds and other exchange traded products, which were initially designed to offer investors low fee exposure to various "beta" market investments, have reached over $2 trillion in assets under management, according to new research from ETFGI.
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Source: ValueWeek
SEC Issues Annual Staff Reports on Credit Rating Agencies
September 24, 2014--The Securities and Exchange Commission today issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs).
The agency also submitted an annual staff report on NRSROs to Congress.
"The two reports reflect an evolving industry," said Thomas J. Butler, director of the SEC's Office of Credit Ratings. "The examination report shows that the SEC’s vigilant oversight is improving compliance at NRSROs, while the annual report to Congress depicts an industry that is growing more competitive and transparent."
view the Annual Report on Nationally Recognized Statistical Rating Organizations
Source: SEC,gov
Precidian Takes Another Pass at Non-Transparent ETFs
December 24, 2014--Precidian Investments earlier this week modified a proposal for non-transparent exchange-traded funds after retreating from an initial version that met scrutiny from regulators.
In October, the Securities and Exchange Commission told Precidian that its model for shielding stock holdings from public view might prevent specialized dealers from keeping funds’ prices in line with their net-asset values.
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Source: Barron's
CFTC.gov Swaps Report Update
December 24, 2014--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Mutual Fund Store, once skeptical of ETFs, joins the fray
RIA with $9.5 billion from ordinary people branches into the funds
December 23, 2014--It may be the Mutual Fund Store, but company executives are not dogmatic about the "mutual fund" part.
Starting in 2015, the $9.5 billion registered investment adviser known for selling mutual funds and financial advice to the masses will add a product to its repertoire: ETFs.
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Source: Investment News
ProShares Announces Changes to ETF Lineup
December 23, 2014--ProShares announced today that it plans to close and liquidate 17 ETFs. The funds all trade on NYSE Arca.
"We continually review our lineup of ETFs to ensure our products meet the changing needs of investors," said Steve Cohen, managing director and head of strategy for ProShare Advisors, LLC. "Investor preferences and client feedback indicate these funds have little long-term demand."
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Source: ProShares
Ten iPath(R) Exchange Traded Notes to Switch Listing to Nasdaq
December 23, 2014--Nasdaq today announced that Barclays Bank PLC ("Barclays") will be transferring the listing of ten iPath(R) exchange-traded notes (ETNs) from NYSE Arca to The Nasdaq Stock Market, effective on or about Monday, December 29, 2014. The ETNs will be traded as a designated security.
"We are excited to expand our relationship with Barclays through the transfer of these ten ETNs to The Nasdaq Stock Market," said Jeffrey McCarthy, Head of ETP Listings at Nasdaq.
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Source: Nasdaq.com
