Americas ETP News
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Vanguard completes transition of two developed market ETFs to final target FTSE indexes
May 31, 2016--Vanguard Investments Canada Inc., announced today that the TSX-listed Vanguard FTSE Developed All Cap ex U.S. Index ETF (TSX:VDU) and Vanguard FTSE Developed All Cap ex U.S.
Index ETF (CAD-hedged) (TSX:VEF) have fully transitioned to the FTSE Developed All Cap ex US Index and FTSE Developed All Cap ex US Hedged to CAD Index, respectively. Both ETFs will begin tracking their target indexes as of June 1, 201.
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Source: Vanguard
H.R. 1309, Systemic Risk Designation Improvement Act of 2015
May 31, 2016--H.R. 1309 would amend current law to change the process and procedures that federal regulators follow for determining which bank holding companies should be designated as systemically important financial institutions (SIFIs).
Under current law, all banks with consolidated assets exceeding $50 billion are automatically designated as SIFIs. H.R. 1309 would repeal the automatic designation for most banks and establish a new process under which such firms would be designated on a case-by-case basis.
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Source: Congressional Budget Office (CBO)
Ada Investments to Focus on ETF Portfolios With Sale to 55 Capital
May 27, 2016--Ada Investments, a research-driven investment manager offering alternative equities-based investment programs to institutional investors, announced today that it has agreed to sell the firm to 55 Capital, a newly formed asset manager.
The transaction is expected to be completed by mid-June 2016.
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Source: Ada Investments
Purpose Investments Announces the Completion of Conversion of Silver Bullion Trust Into an Exchange-Traded Fund and Offering of ETF Currency Hedged Units
May 26, 2016--Purpose Investments Inc. ("Purpose Investments") is pleased to announce that it has completed the conversion of the Silver Bullion Trust (TSX: SBT) ("SBT" or the "Fund") into an open ended exchange traded fund ("ETF").
The ETF non-currency hedged units of the Fund will commence trading today under the ticker symbol "SBT.B" (CAD dollar denominated) and "SBT.U" (U.S. dollar denominated). The Fund has also qualified for issuance a new class of ETF currency hedged units of the Fund which will commence trading today under the symbol "SBT".
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Source: Purpose Investments Inc.
AdvisorShares Announces Sub-Advisor Change for Float Shrink ETF (TTFS)
May 26, 2016--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Trust's Board of Trustees approved a sub-advisor change for the AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS).
Santa Monica, California-based Wilshire Associates will serve as the new sub-advisor of TTFS, which will retain its ticker symbol and be renamed the AdvisorShares Wilshire Buyback ETF, effective July 1, 2016. The ETF will be managed day-to-day by Wilshire's global investment management business unit, Wilshire Funds Management, which advises on approximately $150 billion.
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Source: AdvisorShares
Following Strong First Quarter The Nasdaq Stock Market(R) Secures 18 New ETP Listings and Switches in April
First Trust, BlackRock, Global X and Amplify Select Nasdaq as Primary Venue for New ETF Listings
May 24, 2016--Nasdaq the single largest U.S. equity exchange by market share, announced six new exchange-traded product (ETP) listings and 12 switches in April, growing Nasdaq's total ETP listings to 259.
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Source: Nasdaq
Bats ETF Marketplace Welcomes New Elkhorn ETF
May 24, 2016--EPRF Begins Trading Today on Bats' U.S. Market
Bats Global Markets, Inc. (Bats: BATS), today welcomed the Elkhorn S&P High Quality Preferred ETF (Bats: EPRF).
EPRF is the second ETF from Elkhorn to be listed on Bats and seeks investment results that generally correspond to the price and yield of the S&P U.S. High Quality Preferred Stock Index.
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Source: Bats Global Markets
Deutsche Asset Management to Switch Three ETFs to the Bats ETF Marketplace from NYSE Arca
Becomes Third Issuer to Switch Listings to Bats
May 23, 2016--Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today announced that Deutsche Asset Management is switching the primary listing of three funds to the Bats ETF Marketplace from NYSE Arca on or about June 9, 2016.
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Source: Bats Global Markets, Inc
Bats Global Markets to Be Added to Wilshire 5000 Index
May 20, 2016--Bats to Be Included in Key Market Index After Market Close Today
Bats Global Markets, Inc. (Bats: BATS), a leading global operator of exchanges and services for financial markets, announced that it will be included in the Wilshire 5000 Total Market IndexSM (Wilshire 5000(R)) effective after the markets close today, in conjunction with the monthly additions and deletions of the index.
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Source: Bats Global Markets
Guggenheim Transitions Spin-Off and Timber ETFs to New Indices
May 20, 2016--Effective today, Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, will change the underlying indices for Guggenheim Spin-Off ETF (CSD) and Guggenheim Timber ETF (CUT).
The name of each ETF also will be changed to reflect its new underlying index. The ticker symbol of each ETF will remain the same.
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Source: Guggenheim Investments
