Americas ETP News
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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
First Video Game Technology ETF Launches Today
March 9, 2016--PureFunds(R)Video Game Tech (ticker: GAMR) launches today on NYSE Arca
ISE ETF Ventures and EE Fund Management are fund partners
Factor Advisors, a subsidiary of ETF Managers Group, in partnership with PureFunds(R) ISE ETF Ventures, and EE Fund Management, today launches the PureFunds Video Game Tech ETF (ticker: GAMR). GAMR, the first exchange-traded fund dedicated to video game technology, begins trading today on NYSE Arca and has an expense ratio of 0.75 percent.
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Source: Pure Funds
PureFunds(R)Drone Economy Strategy ETF (ticker: IFLY) Launches Today
March 9, 2016--Industry leaders Pure Funds, ISE ETF Ventures, Reality Shares(R), ETF Managers Group and DRONELIFE partner for ETF
March ETF is listed on NYSE Arca with an expense ratio of 0.75 percent
Factor Advisors, a subsidiary of ETF Managers Group, alongside PureFunds(R), ISE ETF Ventures, Reality Shares(R), and DRONELIFE, today launches the PureFunds Drone Economy Strategy(TM)ETF (ticker: IFLY), the first exchange-traded fund providing access to companies designing, manufacturing, and researching drones and drone technology.
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Source: PureFunds
A reason for the 'Fear Gauge' to be afraid? Meet the new VIX competitor
March 9, 2016--Exchange operator Bats Global Markets and indexing firm T3 Index on March 8 launched a volatility index that will compete with the market's main 'fear gauge', the CBOE Volatility Index.
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Source: Financial News
ALPS to Close Four Exchange Traded Funds
March 8, 2016--ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced the liquidation of four Funds of the ALPS ETF Trust.
The four Funds--ALPS Sector Leaders ETF (NYSE ARCA: SLDR), ALPS Sector Low Volatility ETF (NYSE ARCA: SLOW), ALPS STOXX Europe 600 ETF (NYSE ARCA: STXX) and Global Commodity Equity ETF (NYSE ARCA: CRBQ)--will close to new investors on March 23, 2016 and liquidate on March 28, 2016.
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Source: ALPS Holdings, Inc
iShares Gold Trust Resumes Issuance of New Shares
March 7, 2016--iShares Delaware Trust Sponsor LLC, in its capacity as the sponsor of iShares Gold Trust (NYSE:IAU), has resumed the ability to provide creation of new shares of IAU following a temporary suspension on Friday, March 4, 2016.
The Trust has since registered new shares with the Securities and Exchange Commission to accommodate future creations in the primary market, effective immediately.
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Source: BlackRock
State Street Global Advisors Launches Gender Diversity ETF to Help Investors Seek a Return on Gender Diversity
March 7, 2016--SPDR(R) SSGA Gender Diversity ETF (Ticker: SHE) Invests in Index of Companies with Higher Levels of Gender Diversity in Senior Leadership and Offers Core US Large Cap Exposure
State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), announced that the SPDR(R)SSGA Gender Diversity Index ETF (Ticker: SHE) will begin trading tomorrow on the NYSE Arca.
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Source: State Street Global Advisors
CBO-February 2016 Monthly Budget Review
March 7, 2016--The federal budget deficit was $352 billion for the first five months of fiscal year 2016, CBO estimates-$34 billion less than the shortfall recorded in the same span last year.
Receipts were 5 percent higher than they were at this time a year ago, and outlays were 2 percent higher. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend), the deficit for the first five months of fiscal year 2016 would have been about the same as it was last year.
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Source: Source: Congressional Budget Office (CBO)
CBO-The 2016 Budget and Economic Outlook
March 7, 2016--Presentation by Keith Hall, CBO Director, to the National Association for Business Economics.
In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to the Congressional Budget Office's estimates.
If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.
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Source: Congressional Budget Office (CBO)
