Americas ETP News
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Nasdaq to launch incentives to spur trading in low-volume ETFs
August 10, 2016--Nasdaq Inc NDAQ.O on Wednesday said it plans to increase the amount it pays to trading firms that support exchange-traded funds in an effort to make thinly traded ETFs easier to buy and sell.
While there is ample trading liquidity in the most popular ETFs and other exchange-traded products (ETPs), many lesser-known names can be difficult to trade.
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Source: Reuters
Direxion Launches Inverse ETF
New ETF Offers Single Inverse Exposure to European Financials
August 10, 2016--Direxion announced today it has added a new ETF to its existing lineup of inverse ETFs.
The new Fund allows tactical managers to hedge against downturns in the MSCI Europe Financials Index. The Direxion Daily European Financials Bear 1x Shares (Ticker: EUFS) seeks daily investment results, before fees and expenses, of 100% of the inverse of the performance of the MSCI Europe Financials Index.
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Source: Direxion
ACSI Funds Taps ETF Industry Leader Kevin Quigg as Chief Strategist, Files ETF Prospectus with SEC
August 10, 2016--ACSI Funds, an asset management firm specializing in the use of proprietary customer satisfaction data as a leading indicator for security selection, is pleased to announce the appointment of Kevin Quigg as Chief Strategist.
ACSI Funds had previously been operating under the name CSAT Funds.
Prior to joining ACSI Funds, Mr. Quigg was Global Head of Sales Strategy for State Street Global Advisors SPDR family of exchange traded funds.
Zacks Index Services Launches The "Smart" Summit Zacks Global Water Index
August 10, 2016--Licensed to Summit Water Capital Advisors as the Basis for the Summit Water Infrastructure Multifactor ETF
Zacks Index Services is pleased to announce the launch of the Summit Zacks Global Water Index (ZAZWTRX); a proprietary, factor-based global water index.
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Source: Zacks Index Services
Reality Shares-The Future of Dividend Growth
August 10, 2016--Dividends have been on the rise since the end of the financial crisis, and growing and paying dividends has been a very important theme throughout the recovery. As bond yields plummeted and stayed near historic lows, there has certainly been a dividend renaissance across the investment community.
Yet the power of dividend investing is not a recent phenomenon by any means. Dividends have been a powerful tool throughout history, accounting for 43% of the overall market return of the S&P 500 since 1930*.
*Source: Ned Davis Research
Source: Reality Shares
Infographic-The Regulatory Burden in the U.S. is a Whopping $4 Trillion
August 9, 2016--One of the big problem with regulatory policy is that typically new regulations are only added-never subtracted.
A good example of this is the federal tax code, which is now 74,608 pages long.
It's an astonishing 148x longer than it was under President Franklin Roosevelt's New Deal:
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Source: visualcapitalist.com
BNY Mellon ADR Index Monthly Performance Update
August 9, 2016--The BNY Mellon ADR Index Monthly Performance Update is now available.
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Source: BNY Mellon
Is FINRA doing enough to steer investors clear of bad brokers?
August 9, 2016--A recent debate has emerged as to whether U.S. regulators and the securities industry have done enough to rid themselves of bad brokers.
At the core of the argument are recent studies showing that the percentage of those engaged in misconduct is much higher than that claimed by the Financial Industry Regulatory Authority, and that such brokers are often able to move unimpeded from firm to firm.
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Source: Reuters
Nasdaq hits record high, other indexes hover near highs
August 9, 2016--The Nasdaq composite rose to a record high close on Tuesday while other major indexes hovered near their own recent all-time highs in a session with thin trading volume.
A rally since late June has left the S&P 500 up nearly 7 percent in 2016, with many investors weighing stretched valuations against expectations for continued low interest rates.
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Source: Nasdaq
Citi Launches C-Tracks ETNs on the Miller/Howard MLP Fundamental Index, Series B
August 9, 2016--Citigroup Global Markets Holdings Inc. (CGMHI), a wholly owned subsidiary of Citigroup Inc. (NYSE: C), announced today the launch of a new C-Tracks exchange-traded note, the C-Tracks ETNs on the Miller/Howard MLP Fundamental Index, Series B, due July 13, 2026 (MLPE C-Tracks).
All payments due on the MLPE C-Tracks are guaranteed by Citigroup Inc. The MLPE C-Tracks will be listed on the NYSE Arca under the symbol "MLPE" and will begin trading on August 9, 2016.
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Source: Citigroup Inc.
