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AdvisorShares-This Week in Active ETFs: Pricing Risk and Playing Defense
February 27, 2017--Weekly Market Review-Highlights of the week of February 20 to February 24, 2017
Mixed Signals From Higher Equity Prices
Macro
No matter what is going on the world, there is always a bullish case for equities and a bearish case and now is no different of course.
This is an interesting time for how mixed the messages are these days. The most important market signal is equity
prices and they continued to march higher last week with eleven days, and counting, of gains (we’d make a Spinal Tap
reference but too many people beat us to it).
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Source: AdvisorShares
Brokerages' race to zero fees points to a bigger war to come
February 27, 2017--Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions,accelerating the race to zero and foreshadowing a more important battle to win clients for potentially more lucrative services.
Fidelity cut its commissions to trade stocks and exchange-traded funds to $4.95 from $7.95 a trade, a 38 percent reduction for its retail brokerage clients.
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Source: Reuters
Vanguard cuts fees, Covisum acquires PrairieSmarts and RBC's takeover electrifies wealth profits.
February 27, 2017--In the latest move in the battle for the lowest fees, Vanguard has cut expense ratios on 68 mutual fund and ETF share classes.
Based on the average fund assets over a 12-month period and the change in fees through fiscal year 2016, the fund giant estimates the change will save clients more than $105 million.
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Source: wealthmanagement.com
Competing Priorities Bog Down Efforts to Quickly Roll Back Dodd-Frank
February 26, 2017--White House places a higher priority on issues such as taxes, and Democrats aren't in a mood to cooperate.
After weeks of high expectations for a swift Dodd-Frank rollback with a Republican in the White House, the reality of a hard slog is beginning to set in on Capitol Hill.
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Source: Wall Street Journal
AdvisorShares Active ETF Report: A Breakdown of the Entire Space
February 24, 2017--In January, assets in actively managed ETFs grew $1.063 billion, or 3.5%, to $30.917 billion. Five new funds launched during January, which brought the month-end total of actively managed ETFs to 165.
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Source: AdvisorShares
E*Trade Adds 47 Commission Free ETFs BMO Asset Management Inc. Launches ETFs on NEO Exchange view more The Forum at ETF Research Center-Insulation from Rising Rates with BulletShares-Maybe view more Agencies Release Swap Margin Guidance view more Bats Welcomes Four New PowerShares Funds to the Bats ETF Marketplace The PowerShares Moderately Conservative Multi-Asset Allocation Portfolio (Bats: PSMM) which seeks to provide current income and some capital appreciation. view more
February 24, 2017--It's a commission-free world out there, embrace it. E*Trade Financial (ETFC) added 47 more commission-free exchange-traded funds to its lineup so far this year, which includes the three dozen it added in January.
February 24, 2017--BMO Asset Management Inc. (BMO AM) will be adding six Exchange Traded Fund (ETF) listings on the Aequitas NEO Exchange (NEO Exchange).
The new listings will provide clients with access to the full spectrum of the U.S. Treasury bond market, segmented by term.
Source: BMO Financial Group
February 23, 2017--Guggenhiem offers a suite of 18 fixed income ETFs called BulletShares that offer investors a fixed portfolio of corporate bonds all maturing in the same year.
Investors can choose either investment grade or high yield flavors, with maturities ranging from 2017 to 2026 (Table 1). At the end of each target year, when all bonds in the portfolio have matured, the fund will be closed and net assets returned to shareholders.
Source: AltaVista Research
February 23, 2017--The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Thursday issued guidance explaining how supervisors should examine for compliance with the swap margin rule, which established margin requirements for swaps not cleared through a clearinghouse.
The guidance explains that the Board and the OCC expect swap entities covered by the rule to prioritize their compliance efforts surrounding the March 1, 2017, variation margin deadline according to the size and risk of their counterparties.
Source: federalreserve.gov
February 23, 2017--27 Issuers, 155 Funds Now Listed on Bats in the U.S.
Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed a suite of four new PowerShares ETFs to the Bats ETF Marketplace.
The products, which comprise a range of multi-asset allocation portfolios, include:
The PowerShares Conservative Multi-Asset Allocation Portfolio (Bats: PSMC) which seeks total return consistent with a lower level of risk relative to the broad stock market.
Source: Bats Global Markets, Inc.
