Americas ETP News
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Pacer ETFs Marks One Year Anniversary
June 10, 2016--Sunday, June 12th marks one year from when Pacer brought its first products to market.
Sean O'Hara, President of Pacer ETFs Distributors, reflects on the progress of the company over the last year, "As a new issuer in 2015, we couldn't be more pleased with the rate at which we've grown. It reflects not only investors' receptivity and demand for our innovative strategies, but also the dedication and hard work put in by each member of our organization."
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Source: Pacer
ProShares Announces ETF Reverse Share Split
June 10, 2016--ProShares, the largest provider of geared ETFs,1 announced today a 1:2 reverse split on ProShares Short S&P 500 (SH).
SH is the largest geared fund in the United States with approximately $3 billion in assets.2 The fund has an average daily volume of about 7 million shares.
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Source: ProShares
Puerto Rico debt bill passed by House
June 9, 2016--Emergency measures head for Senate as island faces $2bn payments
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Source: FT.com
Janus Capital Launches Four Thematic ETFs
June 9, 2016--Janus Capital Group, Inc., (NYSE:JNS) today announced the launch of four thematic ETFs that allow investors to target companies that may benefit from global demographic and consumer shifts.
These themes include long-term care for the elderly, an increased focus on health and fitness, the treatment and care for obesity and an increased demand for organic products.
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Source: Janus Capital Group Inc
Bats Welcomes Aptus Capital Advisors as New Issuer on the Bats ETF Marketplace
Becomes 11th Issuer to List on Bats in the U.S.
June 9, 2016--Bats Global Markets, Inc. (Bats: BATS), today welcomed Aptus Capital Advisors as a new issuer to the Bats ETF Marketplace with the launch of the Aptus Behavioral Momentum ETF (Bats: BEMO).
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Source: Bats Global Markets, Inc
Nuveen Commodity Funds Provide Update on Proposed Conversion to ETF Structure
June 8, 2016--Nuveen Investments, an operating division of TIAA Global Asset Management, today announced that the Securities and Exchange Commission (SEC) has issued notice of a proposed new exchange rule pursuant to which shares of Nuveen Diversified Commodity Fund (NYSE: CFD) and Nuveen Long/Short Commodity Total Return Fund (NYSE: CTF) would be able to trade upon conversion of each respective fund into an exchange-traded fund (ETF).
Upon publication in the Federal Register, which is expected to occur in mid-June, the proposed rule will be subject to a 45-day comment period.
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Source: Nuveen
Direxion launches New S&P 500 Bear ETF
June 8, 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 S&P® 500. The Direxion Daily S&P 500(R) Bear 1X Shares (Ticker: SPDN) seeks daily investment results, before fees and expenses, of 100% of the inverse of the performance of the S&P 500® Index.
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Source: Direxion
SEC Adopts Trade Acknowledgment and Verification Rules for Security-Based Swap Transactions
June 8, 2016--The Securities and Exchange Commission today announced that it has adopted rules that will establish timely and accurate trade acknowledgment and verification requirements for security-based swap (SBS) entities that enter into SBS transactions.
The rules are designed to promote the efficient and effective operation of the SBS market.
view the rule-Trade Acknowledgment and Verification of Security-Based Swap Transactions
Source: SEC.gov
Oppenheimer to pay nearly $3 million for improper ETF sales: regulator
June 8, 2016--Oppenheimer & Co agreed to pay nearly $3 million in fines and restitution to settle U.S. regulatory charges that it improperly sold risky exchange-traded funds to risk-averse elderly customers and other retail investors.
The Financial Industry Regulatory Authority said on Wednesday the Oppenheimer Holdings Inc unit will pay a $2.25 million fine and reimburse $716,832 to roughly 150 customers.
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Source: Reuters
Fidelity(R) Clearing & Custody Solutions to Expand ETF Offering to Broker-Dealer Clients
June 7, 2016--Broker-Dealers to Gain Access to 70 Commission-Free iShares(R) ETFs
Fidelity Now Offers Broker-Dealers the Most Comprehensive ETF Offering in the Marketplace
Fidelity Clearing & Custody Solutions (FCCS)-the division of Fidelity Investments(R) that provides clearing, custody and investment management products to registered investment advisors, broker-dealers, family offices and banks-today announced that its broker-dealer clients will have access to 70 commission-free iShares ETFs in non-commission-based managed accounts, in addition to the 15 Fidelity-managed commission-free ETFs it already offers.
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Source: Fidelity Investments
