Americas ETP News
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SEC Modernizes the Delivery of Fund Reports and Seeks Public Feedback on Improving Fund Disclosure
June 5, 2018-Yesterday, the Commission voted to improve the experience of investors who invest in mutual funds, ETFs and other investment funds.
In three related releases, the Commission provided a new, optional "notice and access" method for delivering fund shareholder reports, invited investors and others to share their views on improving fund disclosure and sought feedback on the fees that intermediaries charge for delivering fund reports. These actions are part of a long-term project, led by the Division of Investment Management, to explore modernization of the design, delivery and content of fund disclosures for the benefit of investors.
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Source: SEC.gov
Cboe Global Markets Reports May 2018 Trading Volume
June 5, 2018--Year-to-date ADV across options, futures, U.S. and European equities and global FX up over 2017
May ADV in S&P 500 Index (SPX) options up 17% over 2017
May ADV in global FX up 45% over 2017
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today reported May monthly trading volume and average revenue per contract (RPC)/net revenue capture data at www.cboe.com/monthlyvolrpc.
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Source: Cboe Global Markets, Inc.
Xtrackers repurposes China A-Shares ETF to provide access to landmark MSCI Inclusion
June 4, 2018--ASHX will now track the MSCI China A Inclusion Index
Xtrackers lowers expense ratio for ASHX and CN
DWS today announced that the Xtrackers CSI 300 China A-Shares Hedged Equity ETF (NYSE Arca: ASHX) will change its name to Xtrackers MSCI China A Inclusion Equity ETF and will switch its underlying index to the MSCI China A Inclusion Index.
Effective today, the gross and net expense ratio for ASHX has been permanently reduced to 0.60% from 1.35% gross and 0.70% net expense ratios, making the fund the most cost-effective pure China A-shares exposure ETF in the US ETF market1.
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Source: DWS Group
CFTC Orders Société Générale S.A. to Pay $475 Million Penalty to Resolve Charges of Manipulation, Attempted Manipulation, and False Reporting of LIBOR and Euribor
June 4, 2018--The Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Société Générale S.A. (Société Générale or the Bank) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for U.S. Dollar, Yen and Euro, and the Euro Interbank Offered Rate (Euribor), certain instances of manipulation of Yen LIBOR, and aiding and abetting traders at another bank in their attempts to manipulate Euribor.
The Bank's misconduct spans more than six years, from 2006 through mid-2012.
The CFTC Order requires Société Générale to pay a civil monetary penalty of $475 million, cease and desist from further violations as charged, and adhere to specific undertakings to ensure the integrity of its LIBOR, Euribor, and other benchmark interest rate submissions in the future.
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Source: CFTC.gov
Twitter to Join S&P 500
June 4, 2018--S&P Dow Jones Indices names Twitter to replace Monsanto on index as it adds Netflix to S&P 100.
Twitter Inc. is slated to join the S&P 500 before trading opens on Thursday, according to S&P Dow Jones Indices, as the social-media platform replaces Monsanto Co. on the widely watched index.
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Source: Wall Street Journal
Hartford Funds Continues ETF Rollouts with Launch of Hartford Short Duration ETF
June 4, 2018--Hartford Funds today announced the launch of Hartford Short Duration ETF (Cboe: HSRT), which seeks to provide current income and long-term total return by investing in fixed income securities.
HSRT, along with another recently launched fixed income ETF in April 2018, the Hartford Schroders Tax-Aware Bond ETF (NYSE: HTAB), adds to Hartford Funds' ETF suite of six fixed income and seven multifactor ETFs.
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Source: Hartford Funds
First Trust Cross-Lists ROBT in Mexico
June 4, 2018--An index-based ETF that provides exposure to companies engaged in artificial intelligence, robotics and automation
First Trust Advisors L.P. ("First Trust"), a global ETF provider and asset manager, announced today that it has cross-listed the First Trust Nasdaq Artificial Intelligence and Robotics ETF (Ticker Symbol: ROBT) on the Mexican stock exchange, Bolsa Mexicana de Valores (BMV). The fund seeks investment results that correspond generally to the price and yield, before the fund’s fees and expenses, of an index called the Nasdaq CTA Artificial Intelligence and Robotics Index (the "index").
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Source: First Trust
Victory Capital Announces Expanded Relationship with Nasdaq
June 4, 2018--Fourteen CEMP Indexes to be Rebranded Nasdaq Victory
Victory Capital (NASDAQ:VCTR) today announced that Nasdaq will begin serving as the calculator, publisher and administrator for its proprietary CEMP indexes, which are the benchmarks for the firm's volatility-weighted VictoryShares ETFs.
The change will be effective on June 18,2018,for the 12 domestic and international equity indexes, and in mid-September for the two emerging market equity indexes. All of the CEMP volatility weighted indexes will be rebranded "Nasdaq Victory Volatility Weighted Indexes" as of June 18,2018. Nasdaq already calculates and publishes the Nasdaq Victory indexes for the VictoryShares Multi-Factor Minimum Volatility and Dividend Growth ETF offerings.
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Source: IMF
Franklin Templeton Lists Three New Fixed Income Active ETFs
June 4, 2018--Franklin Templeton Investments introduced three new ETFs-Franklin Liberty Senior Loan ETF (FLBL), Franklin Liberty High Yield Corporate ETF (FLHY) and Franklin International Aggregate Bond ETF (FLIA)-expanding its line-up of fixed income active ETFs managed by Franklin Templeton Fixed Income Group. The three ETFs are listed on the Cboe BZX exchange.
"In a persistently low-yield environment like the one we've been in, the need for income has intensified while advisors and clients are challenged in finding it," said Patrick O'Connor, head of global ETFs. "With more than 150 fixed income investment professionals globally and dedicated teams that focus on various sectors across the credit spectrum, Franklin Templeton Fixed Income Group brings an in-depth understanding of the full opportunity set that can be leveraged to generate income. As investors look to get more income out of their fixed income allocation, these new ETFs enable them to access additional fixed income sectors globally in a targeted way, as they define what they need and how they want to achieve it."
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Source: Franklin Resources, Inc.
