Americas ETP News
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Investors buy into 'fiduciary standard'
June 16, 2016--The increased appetite for independent advice has been a boon for registered investment advisers in the US, who are paid flat fees by investors.
This has allowed them to steal market share from traditional Wall Street brokerages, which have customarily made money from commissions that clients paid for each transaction.
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Source: FT.com
First Trust Launches the First Trust RiverFront Dynamic Emerging Markets ETF
June 15, 2016--A dynamic international ETF actively managed by RiverFront Investment Group LLC.
First Trust Advisors L.P. ("First Trust") announced today that they have launched a new exchange-traded fund ("ETF"), the First Trust RiverFront Dynamic Emerging Markets ETF (Nasdaq: RFEM) (the "fund"). The fund seeks to provide capital appreciation through exposure to emerging market economies and the opportunities they represent.
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Source: First Trust
BMO Asset Management Inc. Lowers Management Fees on ETFs
June 15, 2016--Now offering the lowest cost fixed income ETFs in Canada
Management fees on broad fixed income ETFs reduced by more than 50 per cent
BMO Asset Management Inc. ("BMO AM") today announced it is reducing the maximum annual management fee on certain of its exchange traded funds (collectively, the "ETFs").
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Source: BMO Financial Group
ALPS Proposes Reorganization of Two Exchange Traded Funds
June 15, 2016--ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced that shareholders of record as of May 23, 2016 of the Janus Velocity Tail Risk Hedged Large Cap ETF (NYSE ARCA: TRSK) and Janus Velocity Volatility Hedged Large Cap ETF (NYSE ARCA: SPXH), each a series of ALPS ETF Trust (the Funds), will be asked to approve a reorganization of their respective Funds into newly created exchange-traded funds (ETFs) of the Janus Detroit Street Trust.
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Source: ALPS
Bats ETF Marketplace Welcomes iShares MSCI China A ETF
June 15, 2016--Bats Global Markets, Inc. (Bats: BATS), today welcomed the iShares MSCI China A ETF (Bats: CNYA), which began trading today on the Bats ETF Marketplace.
The fund, the 42nd iShares product to list on Bats, seeks to track the investment results of an index composed of domestic Chinese equities that trade on the Shanghai or Shenzhen Stock Exchanges.view more
Source: Bats Global Markets
The pumped-up funds that regulators want to deflate
June 15, 2016--As investors flock to more complex exchange-traded fund structures, US regulators may be about to spoil the party.
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Source: Financial News
The Nasdaq Stock Market(R) Welcomes Five New ETPs in May
First Trust, Bullmark and Global X Select Nasdaq as Primary Venue for New ETF Listings
June 14, 2016--Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced five new exchange-traded product (ETP) listings in May, growing the company's total ETP listings to 264.
Three of these new listings include thematic ETFs, which are becoming increasingly popular since they provide immediate access to a basket of securities tracking a current trend.
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Source: Nasdaq
ETFGI reports ETFs/ETPs in Europe gathered 2.68 billion US dollars in net new assets in May 2016
June 13, 2016-ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported ETFGI reports ETFs/ETPs in Europe gathered US$2.68 billion in net new assets in May marking 20 consecutive months of positive net inflows, according to preliminary data from ETFGI's May 2016 global ETF and ETP industry insights report.
Record levels of assets invested in ETFs/ETPs were reached at the end of May for ETFs/ETPs listed globally at US$3.143 trillion, in the United States at US$2.229 trillion and in Japan which reached US$147 billion.
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Source: ETFGI
Columbia Threadneedle Investments Launches Equity Income Smart Beta ETFs
June 13, 2016--Columbia Threadneedle Investments today announced the launch of three equity income smart beta exchange-traded funds (ETFs), the first in a series from the new Columbia Beta AdvantageSM family of rules-based, factor-driven, smart beta ETFs.
Columbia Beta Advantage products are thoughtfully constructed by incorporating Columbia Threadneedle's active investing experience and insight into rules that, in the case of these three ETFs, provide exposure to companies that have certain attributes believed to offer sustainable levels of income, as well as total return opportunity.
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Source: Columbia Threadneedle Investments
Research Affiliates-To Win With "Smart Beta" Ask If the Price Is Right
June 11, 2016--In our first article in this series-"How Can 'Smart Beta' Go Horribly Wrong?" 1-we show, using U.S. data, that the relative valuation of a strategy (in comparison
with its own historical norms) is correlated with the strategy's subsequent return at a five-year horizon.
The high past performance of many of the increasingly popular factor tilt and so-called smart beta2 strategies came, in large measure, from rising valuations.
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Source: Research Affiliates
