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Deutsche X-Trackers US Platform Launches High Yield Bond ETF (HYLB)
December 7, 2016--Deutsche Asset Management (Deutsche AM) today announced the launch of Deutsche X-trackers USD High Yield Corporate Bond exchange-traded fund (ETF) (NYSE Arca:HYLB).
The most cost efficient high-yield ETF in the US market1, HYLB will provide investors access to benchmark exposure to high yield bonds.
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Source: Nasdaq.com
CBO-Monthly Budget Review for November 2016
December 7, 2016--The federal budget deficit was $179 billion for the first two months of fiscal year 2017, CBO estimates, $22 billion less than the one recorded during the same period last year.
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Source: Congressional Budget Office (CBO)
CLS Investments Unveils Next Edition of Popular Digital Investment Management Platform for Advisors
December 6, 2016--CLS Autopilot debuts new client-oriented tool suite built at the behest of its advisors.
CLS Autopilot provides advisors with a unique portal for clients to do online business.
CLS Autopilot clients have access to a unique dashboard, providing full access and control of their account(s).
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Source: CLS Investments
Nemaska Lithium Added to Solactive Global Lithium Index and Global X Lithium ETF
December 6, 2016--Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX) (OTCQX:NMKEF) is pleased to announce that it has been included in the Solactive Global Lithium Index which is tracked by the Global X Lithium ETF.
The Solactive Global Lithium Index tracks the performance of the largest and most liquid listed companies active in exploration and/or mining of lithium or the production of lithium batteries.
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Source: Nemaska Lithium Inc.
Direxion Launches Two ETFs to Expand Inverse Lineup
January 5, 2017--New ETFs Provide 1X Bear Exposure to Consumer Staples and Utilities Sectors
Direxion announced today it has added two inverse ETFs to its expanding lineup.
The Direxion Daily Consumer Staples Bear 1X Shares (Ticker: SPLZ) seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the Consumer Staples Select Sector Index. The Direxion Daily Utilities Bear 1X Shares (Ticker: UTLZ) seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the Utilities Select Sector Index.
CFTC Reproposes Position Limits Rule
December 5, 2016--The U.S. Commodity Futures Trading Commission (CFTC) today voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
In a separate vote, CFTC approved final aggregation regulations, which are a key component of the CFTC's existing position limits regime.
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Source: CFTC.gov
Dhandho Junoon ETF Announces Shareholder Approval Of Plan Of Reorganization
December 5, 2016--Dhandho Junoon ETF, a series of Elevation ETF Trust (the Fund), announced that, at the shareholder meeting held today, Fund shareholders of record as of October 25, 2016 approved a reorganization of the Fund into a newly-created, identically named exchange-traded fund (ETF) of the Cambria ETF Trust.
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Source: Dhandho Junoon ETF
PIMCO Settles Charges of Misleading Investors About ETF Performance
December 1, 2016--The Securities and Exchange Commission today announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million to settle charges that it misled investors about the performance of one its first actively managed exchange-traded funds (ETFs) and failed to accurately value certain fund securities.
According to the SEC's order issued today, PIMCO's Total Return ETF attracted significant investor attention as it outperformed even its flagship mutual fund in the four months following its launch in February 2012.
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Source: SEC.gov
Invesco Expands Factor ETF Line-up with Launch of Two High Dividend Low Volatility Funds
December 1, 2016--Invesco (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today the launch of two new factor ETFs that blend together high dividend and low volatility exposures.
With these two funds, PowerShares now has 76 ETFs in its, factor lineup.
Combining high dividend and low volatility factors is potentially attractive to investors in light of government stimulus across Asia, Europe and the United States pushing bond yields to historically low levels and in certain circumstances into negative territory.
Gabelli Funds launches Gabelli Media Mogul NextShares
November 30, 2016--Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), announced today that Gabelli Media Mogul NextShares (the "Fund") would list and commence trading on Nasdaq Stock Market LLC on December 1, 2016 under the symbol "MOGLC."
The Fund is the first member of the Gabelli NextShares Trust offered under an agreement with NextShares Solutions LLC, a subsidiary of Eaton Vance Corp. (NYSE:EV).
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Source: Gabelli Funds, LLC
