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U.S. SEC approves request to list quadruple-leveraged ETFs
May 2, 2017-- The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States.
The request to list ForceShares Daily 4X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4X US Market Futures Short Fund, under the ticker DOWN, was filed by Intercontinental Exchange Inc's NYSE Arca exchange.
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Source: Reuters
ETF Managers Group Launches New FINRA-Registered Broker Dealer
May 2, 2017--ETF Managers Group LLC (ETFMG), the leading private
label issuer of exchange traded funds (ETFs), today announced that it has launched its own FINRA-registered broker dealer, ETFMG Financial LLC, to provide distribution services to its
growing family of ETFs.
The ETF Managers Group funds utilizing the new broker dealer are: the PureFunds family of ETFs (HACK, BIGD, FINQ, GAMR, IFLY, IMED, IPAY and SILJ); Etho Climate Leadership U.S. ETF (ETHO); Sit Rising Rate ETF (RISE); Spirited Funds/ETFMG Whiskey & Spirits ETF (WSKY);...
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Source: ETF Managers Group (ETFMG)
State Street Global Advisors Strengthens Global SPDR Business with Product and Marketing Appointments
May 2, 2017--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT) today announced two new appointments: Noel Archard has been named head of global SPDR product, and Seth Morrison has been named head of global SPDR marketing.
Both will be based in Boston. SSGA is a global leader in exchange traded funds, with $558 billion in ETF assets under management.1
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Source: State Street Global Advisors
Barclays and Professor Robert Shiller Launch New Family of Equity Value-Based Indices
May 2, 2017--Single Stock Indices add to the existing range of jointly-developed indices based on the Cyclically Adjusted Price Earnings(R)(CAPE(R) ratio.
Barclays today announced the launch of the Shiller Barclays CAPE(R) Single Stock Index Family, a new addition to the successful series of equity sector indices designed jointly by Professor Robert Shiller and Barclays.
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Source: Bats Global Markets
Report on Foreign Portfolio Holdings on U.S. Securites at End-June 2016
April 28, 2017--The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2016 were released today on the Treasury website at https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/fpis.aspx.
The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will cover holdings at the end of June 2017; preliminary data are expected to be released by February 28, 2018.
Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually. Data from the most recent survey, reporting on securities held at year-end 2016, are currently being processed. Preliminary results are expected to be reported by August 31, 2017.
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Source: US Department of the Treasury
U.S. Economy Grew 0.7% in First Quarter, Slowest in Three Years
April 28, 2017--Consumption is worst since 2009 on auto demand, utilities
Investment is bright spot, including housing and oil drilling
The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling.
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Source: Bloomberg
ETFGI reports assets invested in ETFs/ETPs listed in Canada reached a new record of 92 billion US dollars at the end of Q1 2017
April 27, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Canada reached a new record of US$92 billion at the end of Q1 surpassing the prior record of US$90.61 billion set at the end of February 2017
, according to data from ETFGI's Q1 2017 global ETF and ETP industry insights report.
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Source: ETFGI
BlackRock launches Argentina ETF
April 27, 2017--Blackrock has launched a new Argentina-focused ETF in response to increased investor demand for exposure to Latin America's up-and-coming economy.
The iShares MSCI Argentina and Global Exposure ETF aims to track the MSCI All Argentina 25/50 Index, a broad equity index, according to a BlackRock news release.
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Source: citywireamericas.com
ETFGI reports ETFs/ETPs listed in the United States gathered record inflows of 44 billion US dollars and assets reached a new high of 2.798 trillion US dollars at the end of Q1 2017
April 27, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.798 trillion at the end Q1 2017 surpassing the prior record of US$2.758 trillion set at the end of February 2017, according to data from ETFGI's Q1 2017 global ETF and ETP industry insights report.
At the end of March 2017, the US ETF/ETP industry had 2,000 ETFs/ETPs, assets of US$2.798 trillion, from 110 providers listed on 3 exchanges.
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Source: ETFGI