Americas ETP News
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Outflows accelerate from US active funds
July 18, 2016--$21.7bn flowing out in June marks worst month since October 2008
The shift of assets from actively managed investment funds to low-cost index trackers accelerated last month, as US stockpicking funds suffered their worst outflows since the financial crisis.
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Source: FT.com
NEPC Engaged by Eaton Vance for NextSharesTM Sub-Adviser Search
July 18, 2016--The $910 billion Boston-based institutional investment consultant is working with the global asset manager to identify new NextSharesTM exchange-traded managed fund (NextShares) sub-advisers
NEPC, LLC (www.nepc.com), one of the industry's largest independent, institutional investment consulting firms, today announced an agreement with Eaton Vance Management (EVM), a wholly owned subsidiary of Eaton Vance Corp. (Eaton Vance), for NEPC to lead a selection process to identify investment managers to sub-advise a series of new Eaton Vance-sponsored NextShares funds to be offered to retail investors and financial professionals.
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Source: NEPC, LLC
Infographic-The 2016 Long-Term Budget Outlook
July 15, 2016--This infographic provides an overview of CBO's report, The 2016 Long-Term Budget Outlook. Gain quick insight into why CBO projects a substantial imbalance in the federal budget beyond the next 10 years.
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Source: Congressional Budget Office (CBO)
ETFGI reports Assets invested in ETFs/ETPs listed in Canada reached a new record high of 79 billion US dollars at the end of June 2016
July 15, 2016-ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in Canada reached a new record high US$79.42 billion at the end of June 2016, according to preliminary data from ETFGI's June 2016 global ETF and ETP industry insights report.
Record levels of assets were also reached at the end of June for ETFs/ETPs listed globally at US$3.177 trillion, in the United States at US$2.256 trillion and in Japan which reached US$147.67 billion.
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Source: ETFGI
American Beacon Advisors Announces Completion of Investment In ARK Investment Management
July 14, 2016--American Beacon Advisors, Inc. ("American Beacon"), a leading provider of investment advisory services to institutional and retail markets, announced today that it has completed an investment of a minority interest in ARK Investment Management LLC ("ARK"), a New York based federally registered investment adviser that offers registered and unregistered investment product, including a suite of exchange-traded funds ("ETFs") focused on disruptive innovation.
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Source: American Beacon Advisors
VelocitySharesTM to Launch Additional Volatility-related Exchange Traded Notes
July 14, 2016--Janus Capital Group, Inc., (NYSE:JNS) today announced the launch of three Volatility-Strategy exchange traded notes ("ETNs") under its VelocitySharesTM brand-The VelocitySharesTM VIX Variable Long/Short ETN (NYSE:LSVX), The VelocitySharesTM VIX Tail Risk ETN (NYSE:BSWN) and The VelocitySharesTM VIX Short Volatility Hedged ETN (NYSE:XIVH).
The Volatility-Strategy ETNs utilize a systematic approach to investing in VIX futures that has a net long or net short volatility position that varies due to daily changes in the volatility market.
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Source: Janus Capital Group
Invesco PowerShares Expands Industry-Leading Factor ETF Lineup, Launches DWA Momentum & Low Volatility Rotation Portfolio (DWLV)
July 14, 2016--Based on Dorsey, Wright & Associates (DWA) Dynamic Asset Level Investing (DALI) Tool, DWLV is a Fund of Funds Tracking the DWA Multi-Factor Global Equity Index
Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today the launch of the PowerShares DWA Momentum & Low Volatility Rotation Portfolio (DWLV), the first ETF to use DWA,s powerful Dynamic Asset Level Investing (DALI) tool.
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Source: Invesco PowerShares Capital Management LLC
FlexShares Launches Two Sustainable Investing ETFs
July 14, 2016--New ETFs track STOXX indexes and provide ESG exposure.
FlexShares(R)Exchange Traded Funds, sponsored and managed by Northern Trust, today introduced the FlexShares STOXX(R) US ESG Impact Index Fund (NASDAQ: ESG) and FlexShares STOXX(R) Global ESG Impact Index Fund (NASDAQ: ESGG).
These funds use the latest data science techniques to combine key performance indicators (KPIs) in each of the environmental, social and governance buckets that are most influential in improving risk-adjusted returns.
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Source: FlexShares
VanEck Launches Investment Grade Emerging Markets Sovereign Bond ETF
July 14, 2016--Exposure to U.S. dollar-denominated, investment grade bonds helps balance risks for investors seeking yield
VanEck announced today that it has launched a new exchange-traded fund (ETF) designed to give investors exposure to investment grade U.S. dollar-denominated sovereign emerging markets (EM) bonds.
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Source: VanEck
UBS plans to offer NextShares exchange-traded managed funds
July 13, 2016--UBS Financial Services Inc. and NextShares Solutions LLC (NextShares Solutions), a wholly owned subsidiary of Eaton Vance Corp. (Eaton Vance), announced today that UBS Financial Services plans to offer NextSharesTM exchange-traded managed funds (NextShares) as part of its solutions set for clients.
As a result, UBS will become the first full-service wealth manager to offer NextShares through its financial advisor network. In addition, UBS Asset Management (Americas) plans to enter into an agreement with NextShares Solutions to support the development and launch of UBS-sponsored NextShares funds in 2017.
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Source: UBS
