Americas ETP News
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Floating Rate Note Auction Marks Introduction of First New Treasury Security in 17 Years
January 23, 2014--The U.S. Department of the Treasury's Bureau of the Fiscal Service today announced details of the first Floating Rate Note (FRN) auction, a new type of marketable security with a floating interest rate that resets each day and makes coupon payments each quarter.
Today's announcement marks the first new security Treasury has offered since Treasury Inflation Protected Securities (TIPS) were first auctioned in 1997.
"Floating Rate Notes bring additional diversity to Treasury's current portfolio and help support our goal of saving taxpayer dollars by financing the government’s borrowing needs at the lowest cost over time," said Under Secretary for Domestic Finance Mary J. Miller. "Over the past three years, Treasury has worked closely with market participants to design the FRN program and we appreciate their continued feedback."
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Source: US Department of the Treasury
The Commodity Futures Trading Commission's Division of Market Oversight Announces Trade Execution Mandate for Additional Interest Rate Swaps
January 23, 2014--The Commodity Futures Trading Commission's (CFTC or Commission) Division of Market Oversight (Division) today announced that trueEX, LL's (trueEX) self--certification of available-to-trade determinations (MAT Determinations) for certain
interest rate swap contracts is deemed certified.
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Source: CFTC.gov
Adoption of Smart Beta ETFs Increasing Among Institutional Asset Managers
Independent Research Reveals Use of Low Volatility & High Dividend Strategies Will Escalate
January 23, 2014--Today, 1 in 4 institutional investors report using smart beta ETFs, and adoption among non-users is likely to accelerate in the near future, according to a new study conducted by Cogent Research, a division of Market Strategies International.
The results reveal that nearly half (46%) of institutional decision makers not currently using smart beta ETFs indicate they are likely to start using the products over the next three years, particularly institutional investors with assets in excess of $500M.
Within the smart beta ETF category, low volatility funds have experienced the greatest growth in 2013: an impressive 99% increase in assets.1 This trend is expected to continue as two-thirds (67%) of institutional decision-makers not currently using smart beta ETFs indicate they are most likely to use low volatility funds moving forward. In addition to low-volatility products, nearly half (46%) of non-smart beta ETF users anticipate using high dividend ETFs and over a third (34%) plan on using fundamentally weighted investment strategies.
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Source: Invesco PowerShares Capital Management LLC
Direxion Launches MLP High Income ETF Tracking Zacks MLP Index
Firm Adds to Suite of Strategic Buy-and-Hold Products
January 23, 2014--Direxion, a leader in alternative investment solutions, has expanded its lineup of long-term buy-and-hold strategies by introducing the Direxion Zacks MLP High Income Shares (ZMLP), an exchange-traded fund (ETF) seeking to generate investment results based on the Zacks MLP Index's price and yield performance.
Zacks Index Services compiles and manages the index, which is composed of approximately 25 master limited partnerships (MLPs) listed on North American stock exchanges.
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Source: Direxion
Vident Brings Its Second Smart-Beta ETF to Market
January 23, 2014--Late last year, new ETF provider Vident entered the space with arguably the most successful fund launch in the history of the industry. Its Vident International Equity Fund (VIDI) attracted more than $100 million in assets in the first few days of trading. Now, less than three months later, it has amassed almost $600 million.
VIDI employs a proprietary screening process of risk-weighting foreign countries. It then allocates to stocks that have what Vident views as favorable fundamental attributes.
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Source: Thestreet.com
Deutsche Asset & Wealth Management Adds Three New Currency-Hedged Equity Exchange Traded Funds
The db X-trackers platform will now feature 11 currency-hedged equity
ETFsJanuary 23, 2014--Deutsche Asset & Wealth Management today announced the launch of three new currency-hedged equity exchange-traded funds (ETFs) on its db X-trackers platform. The new funds will expand the db X-trackers suite of currency-hedged equity ETFs to a total of eleven ETFs.
Similar to the existing db X-trackers currency-hedged equity products, these news funds will track currency-hedged equity indexes from MSCI, the most widely used global foreign equity benchmark. Each of the db X-trackers currency-hedged equity ETFs provides exposure to one or more key international equity markets, while aiming to protect against fluctuations in the value of the U.S. dollar and foreign currencies.
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Source: Deutsche Asset & Wealth Management
Market Vectors Announces Launch of Factor-Based Family of ETFs (QXUS, QEM, QDXU, QDEM)
Four ETFs, tracking indices from MSCI, will focus on Quality and Quality Dividends
in International (ex-US) and Emerging Market equities
January 23, 2014--Market Vectors ETF Trust today launched four new Exchange Traded Funds (ETFs) powered by factor-based indices from MSCI. They are: Market Vectors MSCI International Quality ETF (NYSE Arca: QXUS),
Market Vectors MSCI Emerging Markets Quality ETF (NYSE Arca: QEM), Market Vectors MSCI International Quality Dividend ETF (NYSE Arca: QDXU), and Market Vectors MSCI Emerging Markets Quality Dividend ETF (NYSE Arca: QDEM).
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Source: Van Eck
NYSE Euronext Files With SEC to Allow 'Nontransparent' ETFs to List, Trade on Platform
January 23, 2014--The operator of the New York Stock Exchange filed a request with the Securities and Exchange Commission on Thursday to adopt a new rule that would permit so-called "nontransparent" ETFs to list and trade on its platform.
The ETFs would be listed on the Arca trading platform of the NYSE Euronext, a unit of IntercontinentalExchange Group Inc.
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Source: Wall Street Journal
A Step Forward for New Active ETFs
January 22, 2014--For years, fund companies have been trying to convince regulators to let exchange-traded funds relax daily reporting requirements.
On Wednesday, the first proposed prospectus detailing how such a fund would work was filed with the Securities and Exchange Commission.
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Source: Wall Street Journal
Deutsche Bank-Synthetic Equity & Index Strategy -North America-US ETF+ Quarterly Directory - Q4 2013 ETPs
January 22, 2014--This document includes all US listed exchange-traded funds (ETFs) and exchange-traded vehicles (ETVs), plus a special section covering exchange-traded notes (ETNs).
The directory is organized by asset class and asset-class-related sub sections. Within each sub section it has also been sorted. For Equity and Fixed Income ETPs it is sorted by country (or sub region for regional products) in alphabetical order and by AUM in descending order, and for the other ETP asset classes it is sorted by sub sector in alphabetical order and by AUM in descending order. Numerous key information points per product have been included in order to give readers an overview of their respective areas of interest. Among the key numeric information we include average daily turnover, assets under management, and cash flows (all in $US).
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Source: DB-Synthetic Equity & Index Strategy -North America
