Americas ETP News
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CFTC Further Implements Trade Execution Mandate
May 1, 2014--The Commodity Futures Trading Commission's (CFTC or Commission) Divisions of Market Oversight (DMO) and Clearing and Risk (DCR) announced today further implementation of the trade execution requirement for certain
interest rate and credit default swaps.
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Source: CFTC.gov
Deutsche Bank Targets BlackRock's $7 Billion China ETFs
April 30, 2014--BlackRock's two China exchange traded funds just got some serious competition, this time from the Germans.
Deutsche Asset & Wealth Management brings with it $1.7 trillion of assets and financial product creating muscle to the Chinese ETF space with the launch of its new db X-Trackers Harvest MSCI All China (CN) fund. This is like every BlackRock iShare product rolled into one with a kick of Hoisin sauce.
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Source: Forbes
Vanguard reports April 2014 expense ratio changes
April 30, 2014--A number of Vanguard mutual funds and ETFs reported expense ratio changes during April 2014.
Among the funds and ETFs available to institutional investors, 5 had increases and 53 had decreases, as shown in the table below.
view more NYSE Arca, NYSE MKT launch trading and liquidity enhancements for ETPs view more Fed shows faith in U.S. economy with bond-buying reduction view more NYSE ARCA-Deutsche Bank view more DB-Synthetic Equity & Index Strategy- North America-A quiet week for the US ETF market
Equity, Fixed Income and Commodity ETPs experienced flows of - $0.01bn
(- 0.0%), +$1.5bn (+0.5%), +$0.004bn (+0.1%) last week vs. - $0.6bn (0.5%),
+$1.1bn (+0.4%), - $0.4bn (- 0.5%) in the previous week, respectively.
Among US sectors, Financials (+$0.1bn, +0.2%) and Industrials (+$0.1bn,
+0.9%) received the top inflows, while Energy (- $0.4bn, - 1.2%) and Healthcare
(- $0.2bn, - 0.6%) experienced the largest outflows.
Top 3 ETPs & ETNs by inflows: IWM (+$0.5bn), TLT (+$0.5bn), XLI (+$0.5bn)
There were two ETFs and one new ETN listed during
Total weekly turnover decreased by 12.1% to $260bn vs. $296bn from the
previous week. Furthermore, last week's turnover level was 8.9% below last
year's weekly average. Commodity ETPs turnover increased by $0.7bn
(+11.8%); while Equity and Fixed Income ETPs turnover decreased by $36bn
(- 13.1%) and $0.2bn (- 1.3%) - respectively - during the same period.
Assets under Management (AUM) Review: Assets Decreased by $1.6bn
US ETP assets dropped by $1.6bn (- 0.1%) totaling $1.719 trillion at the end of
the week. As of last Friday, US ETPs had accumulated an asset growth of
+2.5% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved -
+$3.7bn, +$2bn, +$0.1bn during last week, respectively. view more NYSE ARCA-PowerShares view more NYSE ARCA-Deutsche Bank -1 ETF Listing view more Mandeville Wealth Services Inc. Launches ETF Offering view more
Source: Vanguard
April 30, 2014--NYSE Arca and NYSE MKT announced a set of enhancements designed to increase liquidity and market quality in Exchange Traded Products (ETPs), while advancing the listing and trading experience of the ETP community.
Each of the initiatives is pursuant to rules filed with the U.S. Securities and Exchange Commission (SEC).
Source: Banking Business Review
April 30, 2014--The Federal Reserve on Wednesday looked past a dismal reading on first quarter U.S. growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus.
Recent information "indicates that growth in economic activity has picked up....after having slowed sharply during the winter in part because of adverse weather conditions," the central bank said in a statement after a two-day meeting.
Source: Reuters
April 28, 2014--NYSE Euronext is pleased to announce that on Wednesday, April 30, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: db X-trackers Harvest MSCI All China Equity Fund
Short Name: DBX All China Fund
CUSIP: 233051 76 2
Source: NYSE Arca
April 29, 2014--Data in this report is as of Friday, April 25
Market and Net Cash Flows Review
The US (S&P 500) ended practically flat (0.08%); while, outside the US, the
MSCI EAFE (in USD) rose by 0.29% and the MSCI EM (USD) dropped by
0.29%. In the meantime, performance was mixed across US sectors; Utilities
(+1.79%) and Healthcare (+0.83%) recorded the largest weekly gains;
Technology (- 0.75%) and Materials (- 0.74%) were the worst performing
sectors. The DB Liquid Commodity Index slightly fell by 0.11%. The Agriculture
sector (DB Diversified Agriculture Index), Gold and Silver prices rose by 1.01%, 0.69% and 0.41%, respectively, while, the WTI Crude Oil fell by 3.55%.
Moving into other asset classes, the 10Y US Treasury Yield fell by 5 bps ending at
2.68%. Meanwhile on the FX side the USD strengthened against all major
currencies. The Euro, the British Pound, the Swiss Franc and the Japanese Yen
depreciated 0.15%, 0.05%, 0.19% and 0.26%, respectively. Last but not least,
Volatility (VIX) rose by 5.24% during the same period.
The total US ETP flows from all products registered $0.2bn (- 0.1% of AUM) of
outflows during last week vs. $1.1bn (- 0.1%) of outflows the previous week,
setting the YTD weekly flows average at +$1.6bn (+$29.1bn YTD in total cash
flows).
Top 3 ETPs & ETNs by outflows: SPY (- $2.3bn), QQQ (- $0.5bn), XOP (- $0.4bn)
New Launch Calendar: three new listings
The new products offer exposure to MLP’s, access to income and developed
market companies which revenues come from the emerging markets.
Turnover Review: Floor activity decreased by 12.1%
Source: Deutsche Bank- Synthetic Equity & Index Strategy- North America
April 29, 2014--NYSE Euronext is pleased to announce that on Wednesday, Thursday, May 01,2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: PowerShares Variable Rate Preferred Portfolio
Cusip: 73937B597
Trading Symbol: VRP
Source: NYSE Arca
April 29, 2014--NYSE Euronext is pleased to announce that on Thursday, May 01, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: db X-trackers Solactive Investment Grade Subordinated Debt Fund
Cusip: 233051 83 8
Trading Symbol: SUBD
Source: NYSE Arca
April 28, 2014--Mandeville Wealth Services Inc. ("Mandeville"), the Mutual Fund Dealer subsidiary of Mr. Michael Lee-Chin's Mandeville Holdings Inc., is pleased to announce that its mutual fund representatives will now be able to offer their clients access to exchange traded mutual funds (ETFs).
Leveraging its relationship with Broadridge Financial Solutions, Inc. , Fidelity Clearing Canada ULC ("Fidelity Clearing") and Mandeville Private Client Inc., mutual fund representatives will now be able to incorporate a range of ETFs into their investment portfolios. Mandeville believes that providing clients with an extensive breadth of investment opportunities is an integral part of a successful wealth creation strategy
Source: MarketWatch
