Americas ETP News
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OFR-Systemic Importance Indicators for 33 U.S. Bank Holding Companies: An Overview of Recent Data
February 12, 2015--The Basel Committee on Banking Supervision, a group of banking supervisors from 28 jurisdictions, in 2011 created a set of 12 financial indicators to identify global systemically important banks (G-SIBs).
These are banks whose failure could pose a threat to the international financial system.1 The most recent list identified 30 banks across the world as G-SIBs, including eight U.S. bank holding companies.
A bank designated as a G-SIB must meet a higher risk-based capital ratio to enhance its resilience, and is subject to additional regulatory oversight.
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Source: OFR (Office of Financial Research)
BMO Asset Management Inc. Launches U.S. Dollar Unit Version of BMO US High Dividend Covered Call ETF
February 12, 2015--BMO Asset Management Inc. (BMO AM) today launched a new class of U.S. dollar units (the "USD Units") of BMO US High Dividend Covered Call ETF (ZWH.U), making it more convenient for Canadians who want to use U.S. dollars to invest.
BMO AM is a leading provider of ETFs listed in U.S. dollars in Canada. The addition of ZWH.U to BMO ETFs' lineup expands the number of BMO ETFs that offer USD Units to five:
BMO US High Dividend Covered Call ETF (ZWH.U) BMO S&P 500 Index ETF (ZSP.U)
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Source: BMO Financial Group
WisdomTree on US sales hiring spree
February 11, 2015--WisdomTree is plotting a major expansion of its US sales force, including hiring a dedicated head of sales,
in order to capitalise on what it calls the "tremendous opportunities" in the $2tn exchange traded fund market.
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Source: FT.com
Invesco PowerShares Adds Five ETFs to Schwab OneSource(TM)
Leading Global ETF Provider Adds Five Products to Line-up Bringing Total Offerings Within Commission-Free Program to 24
February 10, 2015--Invesco PowerShares Capital Management, LLC ("PowerShares"), a leading global provider of exchange-traded funds (ETFs)
announced today that it has expanded its offerings on Schwab ETF OneSource(TM), the program that provides investors and advisors with access to the most commission-free ETFs in the industry1. As of February 1, 2015, Schwab clients can now buy and sell 24 PowerShares ETFs, with $0 online commissions.
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Source: Invesco PowerShares Capital Management
Bond Trading Needs a More Thorough Review, SEC Official Says
February 10, 2015--Large investors including BlackRock Inc. have criticized the structure of the U.S. bond market in recent years. Even the market's regulator says trading needs to be reviewed better.
"We spend a lot of time on equities, when there is a greater amount of efficiency," Stephen Luparello, the Securities and Exchange Commission’s director of trading and markets, said Tuesday at a Investment Company Institute conference in New York. "We spend less time on fixed income, when there is a greater amount of inefficiency."
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Source: Bloomberg
First Asset Launches Smart Balanced Portfolio Solution
February 10, 2015--First Asset Investment Management Inc. is pleased to announce the launch of First Asset Core Balanced ETF (TSX:CBB), a low-cost balanced ETF portfolio solution.
Investing in primarily Canadian issuers, First Asset Core Balanced ETF`s investment objective is to seek to provide holders of its units with a balance between long term capital appreciation and consistent income while diversifying risk by investing the portfolio to gain exposure to equity and fixed income securities.
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Source: First Asset
First Asset Energy Giants Covered Call ETF: Combining the Largest Energy Producers in the World with Higher Cash Flow
February 10, 2015--First Asset Investment Management Inc. is pleased to announce the launch of First Asset Energy Giants Covered Call ETF (TMX: NXF).
NXF invests on an equal weight basis in a portfolio of equity securities of the 15 largest non-Canadian oil and gas exploration and production companies measured by $USD market capitalization with common stock or ADRs listed on a Canadian or U.S. stock exchange, and employs a covered call option writing program on approximately, and not more than, 25% of the securities of each portfolio issuer.
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Source: First Asset
Wall Street Says Fed Rule Hampers Efforts to Shrink Big Banks
February 9, 2015--Big U.S. banks have a big, overarching concern with a new capital rule proposed by the Federal Reserve: Uncertainty.
The proposed rule would hit the eight biggest U.S. banks with an extra capital requirement, scaled to each bank’s relative riskiness, as measured by a series of complex calculations.
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Source: Wall Street Journal
SEC proposes stricter rules for hedging disclosures
February 9, 2015--The Securities and Exchange Commission is considering stricter rules for publicly traded companies to disclose hedging policies.
The new rules would require companies to disclose whether their director, officers and other employees are allowed to hedge or offset any decreases in the market value of stock shares that are granted to them by the company as compensation or held directly or indirectly by employees or directors.
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Source: The Hill
SEC Proposes Rules for Hedging Disclosure
February 9, 2015--The Securities and Exchange Commission today announced it has approved the issuance of proposed rules that would enhance corporate disclosure of company hedging policies for directors and employees, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The proposal would require disclosure about whether directors, officers and other employees are permitted to hedge or offset any decrease in the market value of equity securities granted by the company as compensation or held, directly or indirectly, by employees or directors.
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Source: SEC.gov
