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OppenheimerFunds Launches SteelPath MLP & Energy Infrastructure Fund
November 7, 2017--Fund is primarily focused on North American midstream energy infrastructure equities.
OFI SteelPath, an OppenheimerFunds company, launched the Oppenheimer SteelPath MLP & Energy Infrastructure Fund. The Fund will primarily invest in the equity securities of North American midstream energy infrastructure companies while adhering to a 25% limit on master limited partnership (MLP) holdings.
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Source: Oppeheimer Funds
BNY Mellon DR Index Monthly Performance-October 2017
November 7, 2017--The BNY Mellon DR Index Monthly Performance for October 2017 report is now available.
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Source: BNY Mellon
Exchange operators believe in cryptocurrencies: CBOE
November 7, 2017--The major futures exchanges believe in the development of cryptocurrency trading and will push on with launching exchange traded funds that allow investors to trade in them, chief operating officer and president of Cboe Global Markets said on Tuesday.
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Source: Reuters
State Street Corp. chief executive Jay Hooley to retire at the end of 2018
November 7, 2017--State Street Corp. chief executive Jay Hooley will retire from the job at the Boston-based financial services giant at the end of 2018, after more than 30 years there.
The change in leadership atop one of Boston’s biggest companies was announced Tuesday. Ron O’Hanley, a former Fidelity executive who has been running State Street’s investment management division for the past two years, was tapped to succeed Hooley.
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Source: Boston Globe
SEC Is Said to Prepare Easier Path for New Exchange-Traded Funds
November 6, 2017--Chairman has asked staff to revisit 2008 proposal, people say
Plan would address complaints over time and cost for approvals
U.S. Securities and Exchange Commission Chairman Jay Clayton is working to streamline the agency's ad hoc approach to approving new exchange-traded funds, putting a spotlight on an issue that has vexed the regulator for a decade.
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Source: Bloomberg
ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI) Added to Schwab ETF Select List(R)
November 6, 2017--BCI Joins ETFS Physical Precious Metals Basket Shares (GLTR) and ETFS Physical Swiss Gold (SGOL) on the Schwab list
ETF Securities, a specialist commodity Exchange Traded Product (ETP) provider, announced that the ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has been named to the Schwab ETF Select List(R). BCI is ETF Securities' third fund to be added to the list, demonstrating rising demand for low cost diversified commodity ETFs in the US.