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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
USCF Announces Collaboration On Canadian Crude Oil ETF With Auspice Capital Advisors, Ltd.
June 17, 2016--USCF today announced it has signed an agreement with Auspice Capital Advisors, Ltd. (Auspice), a Canadian based alternatives fund manager to develop an exchange-traded product providing exposure to Canadian crude oil.
The new exchange-traded products will seek to track, in percentage terms, the price movements of the Canadian Crude Excess Return Index (CCIER), which was created by Auspice to mirror the returns investors would receive if they held an approximately 3-month rolling fixed price position in the nearby Western Canadian Select futures contracts, including rolling and rebalancing.
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Source: USCF
VanEck Announces Reverse Share Split of Vaneck VectorsTM High Income MLP ETF
June 17, 2016--VanEck announced today that the Board of Trustees of VanEck Vectors ETF Trust has approved a 1-for-5 reverse split of the shares of VanEck Vectors High Income MLP ETF (NYSE Arca:YMLP) (the "Fund").
The effective date of the split will be at market open on June 29, 2016.
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Source: VanEck
CFTC Commitments Of Traders Reports Update
June 17, 2016--The current reports for the week of June 14, 2016 are now available.
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Source: CFTC.gov
SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices
June 17, 2016--The Securities and Exchange Commission today approved Investors' Exchange LLC's (IEX) application to register as a national securities exchange.
At the same time, the Commission issued an updated interpretation that will require trading centers to honor automated securities prices that are subject to a small delay or "speed" bump when being accessed.
"Today's actions promote competition and innovation, which our equity markets depend on to continue to deliver robust, efficient service to both retail and institutional investors,, said SEC Chair Mary Jo White. "A critical role of the Commission's regulatory framework is to facilitate the ability of market participants to craft appropriate market-based initiatives, consistent with our mission to protect investors, maintain market integrity, and promote capital formation."
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Source: SEC.gov
State Street Enhances Risk Management Platform with Factor-Risk Modelling and Data from more than 4,000 ETFs
June 16, 2016--State Street Corporation (NYSE: STT) today announced that it will work with Northfield Information Services (Northfield), a provider of financial risk models and analytical tools, and Morningstar, Inc., a leading provider of independent investment research, to enhance its truView(R) Risk Management Platform.
truView provides an online, end-to-end risk solution with broad multi-asset class coverage that includes data collection, exception handling and calculating of risk results.
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Source: State Street
Direxion Launches High Yield Bear Leveraged ETF
200 Percent Inverse Exposure for Hedging Junk Bonds
June 16, 2016-- Direxion announced today it has added a new ETF to its existing lineup of leveraged inverse ETFs.
The new Fund allows tactical managers to hedge against downturns in the Barclays U.S. High Yield Very Liquid Index.
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Source: Direxion
