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IMF Survey-Latin America's Economic Slowdown Continues
April 27, 2016--Growth forecast marked down further
Lower for longer commodity prices, China slowdown pose serious challenges
Managing key transitions, addressing structural weaknesses can boost potential output
As the global recovery continues to struggle to gain its footing, growth in Latin America and the Caribbean has been marked down further and is likely to contract for the second consecutive year in 2016, the IMF said.
view the IMF Regional Economic Outlook: Western Hemisphere
Managing Transitions and Risks
Source: IMF
ProShares to Remove Two ETFs from BATS Competitive Liquidity Program
April 27, 2016--ProShares announced today that it would remove two of its ETFs, ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares High Yield-Interest Rate Hedged (HYHG), from the BATS Exchange Competitive Liquidity Providers (CLP) Program on April 29, 2016.
The funds will be moving to the BATS Lead Market Maker (LMM) program.
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Source:MSCI
CrowdInvest Launches Market's Only Crowd Sentiment-Weighted ETF
Rules-based ETF to Trade on the New York Stock Exchange
April 26, 2016--The creators of the CrowdInvest Wisdom Index (CROWDWIS) and the Crowd-Invest mobile application today launch the CrowdInvest Wisdom ETF (WIZE), an exchange-traded fund that tracks the CrowdInvest Wisdom Index.
WIZE begins trading today on the NYSE. This next generation, smart-beta product allows investors to achieve exposure to a diversified index. This index is composed of U.S.-listed equities weighted by sentiment built by an independent, diverse crowd.
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Source: CrowdInvest
NYSE, Nasdaq blast SEC market advisory group plans, processes
April 26, 2016--A plan to test limiting a contentious pricing model used by U.S. stock exchanges could have negative consequences and would not improve the trading of listed companies, executives from the New York Stock Exchange and Nasdaq Inc said on Tuesday.
Many exchanges charge brokers a fee to immediately execute orders and that fee is used to subsidize rebates the exchanges pay to brokers that send them resting bids and offers for others to trade against.
Emerging Global Advisors' Survey Finds Investors Looking to Increase Allocations to Emerging Markets
April 26, 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 Survey score increased 9% from 495 in the fourth quarter of 2015 to 538 in the first quarter of 2016.
Goldilocks Levels For US Home Inventories
Market Update-US Mortgage Market, Q1 2016
April 26, 2016--After bottoming out at 63.4% in summer 2015, the US home ownership rate has been gradually increasing.
January and February of this year saw the Case-Schiller home price index flatten, indicating that there was neither an excess nor shortage of homes for sale-the market has reached Goldilocks levels.
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Source: GAM
Rafferty Asset Management Closing Two Currency Hedged ETFs
April 25, 2016--The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares (HEGE) and the Direxion Daily MSCI Japan Currency Hedged Bull 2X Shares (HEGJ) ("the Funds") based on the recommendation of Rafferty Asset Management, LLC, the Trust's advisor.
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Source: Direxion
First Asset Global launches financial sector ETF
April 25, 2016--First Asset Investment Management Inc. has announced that First Asset Global Financial Sector ETF will commence trading today on the Toronto Stock Exchange under the symbol FSF.
Signature Global Asset Management, a division of CI Investments Inc., is the portfolio manager of the fund.
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Source: advisor.ca
