Americas ETP News
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O'Shares FTSE US Quality Dividend ETF outperforms S&P 500 in its first year
July 26, 2016--Boston-based investment manager O'Shares Investments has announced that its smart beta fund, the O'Shares FTSE US Quality Dividend ETF (NYSE Arca: OUSA), outperformed the S&P 500 by 10.5% in the 12 months since its inception on 14 July last year.
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Source: etfstrategy.co.uk
OFR Financial Stability Assessment: Risks in Medium Range But U.K. Vote Weighs
July 25, 2016--The U.S. Office of Financial Research released today its mid-year summary assessment of threats to U.S. financial stability, concluding that overall risks remain in the medium range but have been pushed higher by the United Kingdom vote to exit the European Union.
"The result of the U.K. referendum surprised financial markets and was a negative shock to investor confidence. It introduces months or years of uncertainty about the rules governing the U.K.'s investment, financing, and trade relations with Europe and the rest of the world," said OFR Director Richard Berner.
view the Risks Still in the Medium Range, But Pushed Higher by U.K. Referendum Result report
Source: OFR (Office of Financial Research)
AdvisorShares Weekly Market Update-Surprised That There Were No Surprises
July 25, 2016--Highlights of the Prior week of July 18-July 22
Macro
The Republican National Convention came and went with no surprises. While there was talk, or idle speculation, of an attempted "coup" no such thing materialized. The presumptive nominee going in is now the nominee.
In this report we don't wade in with political opinion, we are simply
stating that there were no surprises and the markets were flat with an upside bias because of it...maybe, explanation fallacy would say it is futile to attribute movement to specific
events or, as the case may be, non-events. Stay tuned for
the Democratic version this week.
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Source: AdvisorShares
ProShares Announces Changes to ETF Lineup
July 25,2016--ProShares announced upcoming benchmark changes and liquidations for some of its ETFs.
Benchmark methodology changes
S&P Dow Jones Indices is changing the methodology of its GICS sector structure. It is creating a new GICS real estate sector, elevating the sector from an industry group within the GICS financials sector.
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Source: ProShares
55 Capital Launches Suite of Dynamically Managed Strategies Using ETFs
Industry Veterans Kranefuss and Nair Bring Institutional Expertise to Deliver Portfolios to Advisors and Investors
July 25, 2016--55 Capital, an investment manager delivering dynamically managed portfolios using ETFs, announced today the launch of its inaugural suite of strategies designed to provide advisors and investors with portfolios utilizing sophisticated, well-documented techniques broadly used by institutional investors to manage risk and enhance returns.
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Source: 55 Capital
SEC to Fast-Track Active ETFs
Move is win for Bats Global Markets and New York Stock Exchange, which compete for listing of such funds
July 22, 2016--The Securities and Exchange Commission moved to expedite the approval of exchange-traded funds run by human stock and bond pickers, a boost for the fast-expanding ETF industry.
The SEC on Friday approved "generic" listing standards for actively managed ETFs, guidelines that aim to cut months off the process of bringing these funds to market.
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Source: Wall Street Journal
NYSE Successfully Petitions for a Simplified Listing Process for Actively Managed Exchange Traded Funds (ETFs)
July 22, 2016--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today announced receipt of Securities and Exchange Commission (SEC) approval to streamline the listing process for certain actively managed ETFs.
Since 2000, NYSE has worked collaboratively with the industry and the SEC to simplify the listing process for issuers. Effective immediately, many actively managed funds will be able to list new ETF products without a separate filing with the SEC under SEC Rule 19b-4,1 a process that can create uncertainty for the issuer. This change will align the launch process for index-based and actively managed ETFs.
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Source: Intercontinental Exchange
RiverFront Investment Group Launches RiverShares Asset Allocation Models Comprised Solely of their Sub-Advised Exchange-Traded Funds
July 21, 2016--RiverFront Investment Group ("RiverFront") has launched the RiverShares series of asset allocation model portfolios.
RiverShares models consist solely of actively managed exchange-traded funds ("ETFs"), which are sub-advised by RiverFront and pay the same annual sub-advisory fee of 0.35% to RiverFront.
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Source: RiverFront
Nasdaq Leads All US Listing Exchanges with 38 Percent of ETP Listings and Switches in the Second Quarter of 2016
July 21, 2016--Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced 13 new ETP listings in June, further establishing itself as the foremost listing and trading venue for exchange-traded products (ETPs).
For the second quarter in a row, Nasdaq led all other US exchanges and captured 38 percent of ETP listings and switches with 36 products in total.
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Source: Nasdaq.com
Emerging Global Advisors Survey Finds Growing Optimism Among Investors in Emerging Markets
July 21, 2016--Emerging Global Advisors (EGA) today announced the results of its latest Emerging Markets (EM) Investor Sentiment Survey, a quarterly poll of asset managers and financial advisors focusing on their sentiment and equity allocations to emerging markets.
The EGA EM Investor Sentiment score increased 28% from 538 in the first quarter of 2016 to 687 in the second quarter of 2016. Scores range from 0 (most negative) to 1,000 (most positive).
With emerging markets leading other equity regions in the first half of 20161, investors are showing growing interest in increasing portfolio allocations to EM. Key findings:
"Positive" was the most common answer (47%) for respondents' outlook for EM equities over the next 12 months, followed by "Neutral" (43%). This is a change from 1Q2016 when "Neutral" was the most common answer.
view the EGA EM Investor Sentiment Survey-Conducted in 2Q16
Source: Emerging Global Advisors
