Americas ETP News
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RBC Global Asset Management Inc. introduces seven new ETFs
September 21, 2017--RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of seven new index tracking Exchange Traded Funds (ETFs).
"Over the past six years, Canadian investors and advisors have trusted over $3.5 billion to RBC ETFs, making RBC Global Asset Management one of Canada's leading ETF providers," said Mark Neill, head of RBC ETFs."We are pleased to continue to expand our ETF line-up in the interest of client choice. Our newest ETFs bring the total number of RBC ETFs to 35."
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Source: RBC GAM
WisdomTree Canada Expands Product Suite with Addition of Three New Funds
September 21, 2017--New equity offerings provide investors with efficient access to diverse sectors and markets 21, 2017--
WisdomTree Asset Management Canada, Inc. ("WisdomTree Canada") today announced the launch of three equity funds, the WisdomTree Canada Quality Dividend Growth Index ETF ("DGRC"), WisdomTree Emerging Markets Dividend Index ETF ("EMV.B") and WisdomTree U.S. MidCap Dividend Index ETF ("UMI" and "UMI.B") (collectively the "Funds").
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Source: WisdomTree Investments, Inc.
Federal Reserve weans US off stimulus
End of an era as financial crisis measure is put into reverse
September 21, 2017--The US Federal Reserve is to put its multitrillion-dollar quantitative easing programme into reverse almost nine years after it was implemented to shore up the economy at the height of the financial crisis.
The Fed's policymaking committee announced last night that the central bank would begin to trim its $4.5 trillion asset portfolio next month, marking the end of an era of unprecedented intervention.
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Source: The Times
SEC Adopts Interpretive Guidance on Pay Ratio Rule
September 21, 2017--The Securities and Exchange Commission has approved interpretive guidance to assist companies in their efforts to comply with the pay ratio disclosure requirement mandated by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Under the Commission's rule implementing the pay ratio requirement, companies are required to begin making pay ratio disclosures in early 2018.
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Source: SEC.gov
M&A Activity Heats up for Independent Broker-Dealers, According to Fidelity(R)
September 21, 2017--Fidelity(R) M&A Report Shows $136 Billion Changes Hands Year-to-Date as IBDs Move to Mitigate Thinning Margins and Increase Advisor Productivity
New Report Looks at How Fewer, but Bigger M&A Transactions are Altering the IBD Channel
Fidelity Clearing & Custody Solutions, the division of Fidelity Investments that provides clearing and custody to broker-dealer firms, registered investment advisors (RIAs), family offices, retirement recordkeepers and banks, today released the latest report in its Fidelity Wealth Management M&A Series, Insights from Independent Broker-Dealers (IBDs), which found that year-to-date, $136 billion in assets changed hands among IBDs as a result of five deals. This compares to the $80 billion spread across 82 deals among RIAs during the same time period. The report looks at how fewer, but bigger M&A transactions are altering the future of the IBD channel.
view the Fidelity Wealth Management M&A Series, Insights from Independent Broker-Dealers (IBDs), September 2017
Source: Fidelity Investments
AdvisorShares Active ETF Report: The Summer Surge
September 20, 2017--Month ending 08.31.2017
Assets in actively managed ETFs increased by $1.44 billion, or 3.7%, to $39.47 billion. Several comings and goings occurred within the space including Tuttle exiting the field and new addition Fieldstone joining the ranks. The overall actively managed ETF count stood at 184 through month-end.
ETF industry-wide, also accounting for passive, domestic equity represented the largest category gainer but among the interesting data points during August included inverse funds seeing their assets increase by 12% and the asset allocation niche realizing a 10% gain. Despite both categories driven primarily by passive strategies, such ETFs are increasingly used as part of active investment strategies by advisors or by individual investors.
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Source: AdvisorShares
Solactive is the index provider for first-of-their-kind ETFs in Canada launched by Evolve Funds
September 20, 2017--Created around gender equality and cyber security investment themes
Solactive is excited to announce that the Solactive Equileap North American Gender Equality Index Canadian Dollar Hedged and the Solactive Global Cyber Security Index Canadian Dollar Hedged are the reference indices for two newly launched ETFs, namely
the Evolve North American Gender Diversity Index ETF (HERS) and the Evolve Cyber Security Index ETF (CYBER), which will begin to trade today on the Toronto Stock Exchange (TSX).
HERS and CYBER are the first ETFs in Canada to target gender equality
and cyber security as investment themes.
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Source: Solactive AG
Federal Reserve issues FOMC statement
September 20, 2017-Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.
Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters. On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined this year and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
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Source: federalreserve.gov
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 19-20 FOMC meeting
September 20, 2017--The table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the September 19-20 meeting.
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Source: federalreserve.gov
CFTC.gov Swaps Report Update
September 20, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
