Americas ETP News
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Wall Street's 'fear gauge' hits 7-year low
June 8, 2014--Wall Street's "fear gauge" has fallen to a seven-year low, helping propel US stocks to a record peak but suggesting investor complacency reigns over financial markets.
The CBOE Vix equity volatility index, a barometer of investor sentiment, slipped below 11 on Friday, nearly half the long-term average and to its lowest close since February 2007.
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Source: FT.com
CBO Monthly Budget Review for May 2014
June 6, 2014--The federal government ran a budget deficit of $439 billion for the first eight months of fiscal year 2014, CBO estimates-$188 billion less than the shortfall recorded over the same span last year and the smallest deficit for those months since fiscal year 2008. Compared with the amounts at this point last year, revenues were about 7 percent higher and outlays about 2 percent lower.
Receipts for the first eight months of fiscal year 2014 totaled $1,935 billion, CBO estimates-$135 billion more than receipts in the same period last year.
view the CBO-Monthly Budget Review for May 2014
Source: Congressional Budget Office (CBO)
State Street Global Advisors Launches European Small Cap SPDR ETF
SMEZ Offers an Opportunity to Diversify European Exposure Amid Market Recovery
June 5, 2014--State Street Global Advisors (SSgA), the asset management arm of State Street Corporation, today announced the launch of the SPDR EURO STOXX Small Cap ETF (symbol:SMEZ). Designed to provide investors with access to small companies across the euro zone, SMEZ began trading on the NYSE Arca on June 5, 2014.
"As Europe's economy recovers from a double-dip recession that began in 2008, investors are growing more optimistic about the growth potential of European equities," said James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. "With the launch of the SPDR EURO STOXX Small Cap ETF, investors will have an opportunity to diversify their European equity holdings while gaining exposure to small cap stocks, an asset class that tends to be highly correlated to the performance of local markets1."
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Source: MarketWatch
iShares Expands Its Minimum Volatility ETF Suite to Help Investors Seeking to Weather the Ups and Downs of the Stock Market
June 5, 2014--BlackRock, Inc, (NYSE:BLK) today announced that its iShares(R) Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, launched three new minimum volatility ETFs designed to help investors manage risk in their portfolios.
The new ETFs build on the success of the original iShares Minimum Volatility ETFs, which launched in 2011 and have nearly $7 billion in Assets under Management (AUM), and aim to provide lower risk alternatives to international exposures.
The new ETFs are:
iShares MSCI Europe Minimum Volatility ETF
iShares MSCI Japan Minimum Volatility ETF
iShares MSCI Asia ex Japan Minimum Volatility ETF
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Source: Reuters
SEC head proposes safeguards against HFT risks
June 5, 2014--The head of the US Securities and Exchange Commission on Thursday recommended moves to stop computer-driven high-frequency traders from disrupting equity markets
, increase disclosure on trading volumes and speed up the availability of data, in a bid to improve market stability....
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Source: FT.com
AdvisorShares Announces Sub-Advisor Change for Global Tactical ETF (GTAA)
June 5, 2014--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today plans to propose a sub-advisor change for the AdvisorShares Cambria Global Tactical ETF (nyse arca:GTAA) for the approval of the AdvisorShares Trust's Board of Trustees.
Chapel Hill, North Carolina-based Morgan Creek Capital Management would serve as GTAA's new sub-advisor with its CEO Mark W. Yusko as portfolio manager. Pending the Board's approval, the sub-advisor change would then be subject to shareholder approval.
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Source: MarketWatch
MSCI Launches Factor Indexes for Latin America
June 5, 2014--MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, today announced the launch of a family of new factor indexes for seven country and regional Latin American markets.
"We have launched these new factor indexes not only in response to the increasing demand for indexes to serve as the basis for index-based investment products in Latin America< but also because of the global trend toward factor investing," said Diana Tidd, Managing Director and Head of the MSCI Index Business in the Americas.
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Source: Bloomberg
Five Years Since Listing of BMO's First Four ETFs on the TSX
June 4, 2014--First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion
Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds
Canadian ETF industry assets have increased 14 per cent in last year
BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.
Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.
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Source: BMO Financial Group
Elkhorn files with the SEC
June 4, 2014--Elkhorn has filed a amendment no.1 to a application for exemptive relif with the SEC-actively-managed ETFs.
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Source: SEC.gov
Five Years Since Listing of BMO's First Four ETFs on the TSX
First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion
Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds
Canadian ETF industry assets have increased 14 per cent in last year
June 4, 2014--BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.
Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.
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Source: BMO Financial Group
