Americas ETP News
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Blue Tractor applies for 'alpha-protecting' active ETF structure
March 16, 2016--Blue Tractor Group (Blue Tractor), a New-York based product developer for the exchange-traded funds industry, has filed an application with the US Securities and Exchange Commission (SEC) to launch a new breed of ETFs
The 'Shielded Alpha' ETF incorporates a hybrid structure which will maintain the efficiency and reduced costs of a transparent actively managed ETF, while completely shielding the fund's alpha generation strategy and trading from the market.
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Source: etfstrategy.co.uk
Deutsche Bank Reduces the Redemption Size of Eighteen Exchange Traded Notes on a Specified Day of Each Month
March 15, 2016--Deutsche Bank today announced that it will reduce the redemption unit size on eighteen of its commodity-based Exchange Traded Notes (ETNs) to 100 ETNs (or integral multiples of 100 ETNs in excess thereof) on the 15th calendar day of each month (or, if such 15th calendar day is not a trading day, the trading day immediately thereafter).
The redemption unit size for the rest of each month will remain the same as set forth in the related pricing supplement. This change will be effective after the close of trading on March 15, 2016.
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Source: Deutsche Bank
AdvisorShares-This Week in Active ETFs: Heavy Handed Central Banks
March 14, 2016--Macro-The party for domestic equities continued last week while foreign equity markets were mixed. One big story from Thursday was news of increased accommodation by the European Central Bank (ECB) which announced...
The Gold Report-Regarding gold, it fell rather sharply late on Friday, which we see as an attempt, once liquidity was wholly lacking and most market participants had shuttered in their trading operations for the week, by what we have in the past referred to as "nefarious" forces to break
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Source: AdvisorShares
You have heard of ETFs, now say hello to the PTF
March 14, 2016--It is 26 years since Canada started the $3 trillion exchange-traded funds revolution when the Toronto Stock Exchange listed the Toronto 35 Index Participation fund.
It took three years for the US to take advantage of the innovation, starting with State Street's launch of the SPDR S&P 500 ETF.
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Source: Financial News
Excerpts: Report on Financial Crisis
March 14, 2016--Excerpts from new documents on the 2008 financial crisis reveal some unusually frank assessments and admissions by key figures
New documents on the 2008 financial crisis reveal some unusually frank assessments and admissions by key figures. Here are some excerpts from the documents, released Friday by the National Archives following a five-year embargo.
Warren Buffett didn't see the bubble Of the nearly 200 interview transcripts released Friday, one of the most striking is the full transcript of a May 26, 2010, interview with Warren Buffett on the...
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Source: Wall Street Journal
Emerging Global Advisors Announces EGShares EM Strategic Opportunities ETF (EMSO)
Formerly EGShares Emerging Markets Domestic Demand ETF (EMDD),br>March 17, 2016--Emerging Global Advisors (EGA), the investment advisor to the EGShares exchange-traded funds, today announced that on March 1, 2016 the EGShares Emerging Markets Domestic Demand ETF (EMDD) was renamed the EGShares EM Strategic Opportunities ETF (EMSO).
Additionally, the Fund's underlying index' the S&P Emerging Markets Domestic Demand Index' was renamed the S&P Emerging Markets Strategic Opportunities Index. The Fund's expense ratio is 0.65% net and 0.85% gross.1
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Source: Emerging Global Advisors
State Street Global Advisors Announces Reverse ETF Share Splits
March 11, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced reverse share splits on two municipal bond SPDR ETFs.
Reverse splits lower the number of shares outstanding and increase the funds' share price. The aggregate market value of shares outstanding is not impacted.
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Source: State Street Global Advisors
State Street Global Advisors Announces Reverse ETF Share Splits
March 11, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced reverse share splits on two municipal bond SPDR ETFs.
Reverse splits lower the number of shares outstanding and increase the funds' share price. The aggregate market value of shares outstanding is not impacted.
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Source: State Street Global Advisors
BlackRock on the hook for gold ETP gaffe
March 10, 2016--BlackRock faces potential regulatory penalties as well as forced buybacks of shares in its iShares Gold Trust after temporarily halting share creations in the exchange traded product last week.
In a regulatory filing this week, the firm disclosed that it accidentally sold 24.9m more Gold Trust shares than it had registered with regulators between February 19 and March 3.
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Source: FT.com
Invesco PowerShares Launches DWA Tactical Multi-Asset Income Portfolio (DWIN)
March 10, 2016--Based on Dorsey, Wright & Associates (DWA) Multi-Asset Income Index
DWIN Investments Selected Using a Combination of Relative Strength and Current Yield
Invesco PowerShares Capital Management, LLC, a leading global
provider of exchange-traded funds (ETFs), announced today the launch of the PowerShares DWA
Tactical Multi-Asset Income Portfolio (DWIN). Dorsey, Wright & Associates (DWA) is a registered
investment advisory firm based in Richmond, Virginia.
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Source: Invesco PowerShares
