Americas ETP News
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Deutsche Asset Management Adds Fourth Fund to Comprehensive Factor ETF Suite (DESC)
June 28, 2016--Deutsche Asset Management (Deutsche AM) today announced the launch of Deutsche X-trackers Russell 2000 Comprehensive Factor exchange traded fund (ETF) (Ticker: DESC), the fourth ETF to be added to its multifactor suite.
The new fund seeks to track the Russell 2000 Comprehensive Factor Index. The FTSE Russell family of Comprehensive Factor Indices is designed to track the equity market performance of companies that have demonstrated relatively strong exposure to targeted investment style factors: value, momentum, quality, low volatility and size.
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Source: Deutsche Asset Management
BlackRock Announces Share Splits for iShares ETFs
June 27, 2016--BlackRock, Inc. (NYSE: BLK) announced today that the Board of Trustees of iShares Trust has authorized share splits for a number of iShares ETFs.
The Board has approved share splits for 11 iShares ETFs for shareholders of record as of the close of business on July 19, 2016, payable after the close of trading on July 22, 2016:
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Source: BlackRock
Biggest crop ETF on track for best year since 2009
June 23, 2016--The largest exchange-traded fund linked to crop prices is again absorbing money after years of outflows, in a sign investors are warily returning to commodities markets.
PowerShares DB Agriculture, an $891m fund tracking food commodities from wheat to sugar, has received net inflows of $162m in the year 2016 to date.
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Source: FT.com
Direxion Changes FTSE Indexes for Two ETFs
June 23, 2016--Direxion is changing the benchmark indices of two leveraged exchange-traded funds (ETFs).
The modifications will take effect on or about August 22, 2016.
IMF-Article IV Consultation with the United States of America: Concluding Statement of the IMF Mission
June 22, 2016--The United States economy is, overall, in good shape. A total of 2.4 million new jobs were created over the past year and unemployment has fallen to 4.7 percent, its lowest level since the eve of the "Great Recession."
Inflation remains contained, and the U.S. economy has repeatedly demonstrated its resilience in the face of financial market volatility, a strengthening dollar, and subdued global demand.
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Source: IMF
Rafferty Asset Management Closing Inverse Equity ETF
June 21, 2016--The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily Total Market Bear 1X Shares (TOTS) ("the Fund") based on the recommendation of Rafferty Asset Management, LLC, the Trust's advisor.
Due to the Fund's inability to attract sufficient investment assets, Rafferty believes they cannot continue to conduct their business and operations in an economically efficient manner. As a result, the Board concluded that liquidating and closing the Fund would be in the best interest of the Fund and its shareholders.
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Source: Direxion
Financial Stability Oversight Council Releases Sixth Annual Report
June 21, 2016--The Financial Stability Oversight Council (Council) today unanimously approved its 2016 annual report, which was developed collaboratively by the members of the Council and their agencies and staffs.
The Council reports annually to Congress on a range of issues, including significant financial market and regulatory developments, potential emerging threats to the financial stability of the United States, and the activities of the Council. The report
also makes recommendations to promote market discipline; maintain investor confidence; and enhance the integrity, efficiency, competitiveness, and stability of U.S. financial markets.
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Source: www.treasury.gov
Mackenzie Investments partners with Paris-based asset management firm TOBAM to launch innovative Smart Beta ETFs
June 21, 2016--Mackenzie Financial Corporation (Mackenzie Investments) announced today the launch of two smart beta index Exchange Traded Funds (ETFs) designed to offer investors a more diversified portfolio to reduce portfolio biases.
Mackenzie Investments has partnered with TOBAM, a global award-winning asset manager and index provider to some of the world's largest pension funds, to utilize their investment process in the new ETFs.
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Source: Mackenzie Investments
VanEck Lowers Expense Ratio for VanEck VectorsTM Fallen Angel High Yield Bond ETF (ANGL)
June 20, 2016--VanEck is lowering the expense ratio for its VanEck Vectors Fallen Angel High Yield Bond ETF (NYSE Arca:ANGL), it was announced today.
As of June 20, 2016, the expense cap for ANGL will be reduced from 0.40% to 0.35%.
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Source: VanEck
VanEck Lowers Expense Ratio for VanEck VectorsTM Fallen Angel High Yield Bond ETF (ANGL)
June 20, 2016--VanEck is lowering the expense ratio for its VanEck Vectors Fallen Angel High Yield Bond ETF (NYSE Arca:ANGL), it was announced today.
As of June 20, 2016, the expense cap for ANGL will be reduced from 0.40% to 0.35%.
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Source: VanEck
