Americas ETP News
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Even as Japan cools, ETF manager WisdomTree seen heating up
March 28, 2014--WisdomTree Investments Inc has paid a price for being so dependent on its flagship Japan fund -as that market reversed fortune this year, shares of the asset manager fell nearly 30 percent and Citi analysts downgraded its stock.
But the company and many of its followers are undeterred, saying it can use its unique position in the white-hot exchange-traded fund space to recover from that hit and continue to grow.
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Source: Reuters
Vanguard Not 'Turning to Smart Beta': Spokesman
March 28, 2014--No, the plain-vanilla Vanguard Group isn’t changing its tune on "smart beta," a term the firm has pooh-poohed as a marketing strategy. But the message didn't quite get through in a CNBC interview this week.
Vanguard Chairman and CEO William McNabb appeared on the financial news network with what started as the indexing giant's usual favor for low-cost investments and against market timing or short-term trading.
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Source: Barron's
CIBC Mellon earns $1.1 billion mandate expansion from Horizons ETFs
Horizons taps CIBC Mellon asset servicing for 38 inverse and leveraged exchange-traded funds
March 27, 2014--CIBC Mellon announced today that Horizons ETFs Management (Canada) Inc. (Horizons ETFs) has selected CIBC Mellon to provide fund administration, custody and exchange-traded fund (ETF) services for the Horizons family of 38 leverage and inverse ETFs.
This CAD$1.1 billion mandate expands on the asset servicing solutions CIBC Mellon already provides for the Horizons ETFs family of actively-managed ETFs. With the addition of these 38 ETFs, CIBC Mellon now services all of Horizons' Canadian ETF business.
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Source: Horizons ETF
ProShares Launches First "Pure-Play" Infrastructure ETF
March 27, 2014--ProShares, a premier provider of alternative exchange traded funds, today announced the launch of the ProShares DJ Brookfield Global Infrastructure ETF (TOLZ), the first ETF providing "pure-play" exposure to infrastructure.
"Infrastructure investment has become attractive because of growing global demand, increasing opportunities for private sector investment, and high barriers to entry that limit competition," said Michael Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to offer the first ETF that invests exclusively in companies whose primary business is the ownership and operation of infrastructure."
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Source: ProShares
NYSE ARCA-1 ETF Launch: ALPS
March 26, 2014--NYSE Euronext is pleased to announce that on Friday, March 28, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: ALPS Emerging Sector Dividend Dogs ETF
CUSIP: 00162Q 66 8
Trading Symbol: EDOG
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Source: NYSE ARCA
ETF start-up AccuShares plots a contango bypass
March 26, 2014--A start-up US exchange traded fund provider is proposing a novel suite of spot commodities trackers designed to overcome the tracking difficulties that have plagued such ETFs in the past.
The seven AccuShares Investment Management ETFs, described in a registration statement last week, would follow S&P GSCI indices of agriculture, metals, crude and Brent oil, natural gas and volatility, as well as the S&P GSCI itself.
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Source: FT.com
NYSE Arca- 1 New Listing-ProShares
March 25, 2014--NYSE Euronext is pleased to announce that on Thursday, March 27, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: ProShares DJ Brookfield Global Infrastructure ETF
CUSIP: 74347B508
Trading Symbol: TOLZ
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Source: NYSE ARCA
SEC Set to Alter Stance on Money Funds
'Retail' Funds Could Maintain Stable $1 Share Prices Instead of Floating in Value
March 25, 2014--U.S. securities regulators, under pressure from the asset-management industry, are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency's discussions.
The Securities and Exchange Commission, poised to implement structural changes to money funds in coming months, is expected to broaden an exemption for mom-and-pop retail investors from requirements that certain money funds abandon their signature $1 share price and float in value like other mutual funds, these people said.
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Source: Wall Street Journal
ETF giant BlackRock slashes fees on its core funds
March 25, 2014---Canada's largest exchange-traded fund provider, BlackRock Inc, is cutting management fees on a group of its investment products to cater to Canada's fee-conscious investors.
The "Core Series" of ETFs, offered through BlackRock's iShares brand, is made up of nine funds that cater to investors who want to buy and hold. These funds cover what iShares deems the "key asset classes" that many investors target to form the base of their portfolios- from Canadian equity and bond funds, to U.S.-focused funds, to international and emerging market offerings. Investors can diversify at a low cost.
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Source: Globe and Mail
ETF giant BlackRock slashes fees on its core funds
March 25, 2014--Canada's largest exchange-traded fund provider, BlackRock Inc., is cutting management fees on a group of its investment products to cater to Canada's fee-conscious investors.
The "Core Series" of ETFs, offered through BlackRock's iShares brand, is made up of nine funds that cater to investors who want to buy and hold. These funds cover what iShares deems the "key asset classes' that many investors target to form the base of their portfolios - from Canadian equity and bond funds, to U.S.-focused funds, to international and emerging market offerings. Investors can diversify at a low cost.
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Source: Globe and Mail
