Americas ETP News
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Intercontinental Exchange Launches U.S. Treasury Index Family
ICE's new benchmark indices selected by BlackRock to power four iShares(R) U.S. Treasury ETFs
January 29, 2016--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges, clearing houses and data services, announced today that its subsidiary, Interactive Data Pricing and Reference Data, LLC (Interactive Data), will become the new benchmark index provider for four of BlackRock's iShares U.S. Treasury Exchange Traded Funds (ETFs): iShares 1-3 Year Treasury Bond ETF (SHY), iShares 3-7 Year Treasury Bond ETF (IEI), iShares 7-10 Year Treasury Bond ETF (IEF) and iShares 20+ Year Treasury Bond ETF (TLT).
Known as the ICE U.S. Treasury Bond Index SeriesTM, the indices will be operated by Interactive Data beginning in the second quarter of 2016.
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Source: NY Times
U.S. economy hits soft patch in fourth quarter as inventories, trade weigh
January 29, 2016--U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports.
Gross domestic product increased at a 0.7 percent annual rate, the Commerce Department said on Friday in a report that showed a further cutback in investment by energy firms grappling with lower oil prices. Growth in consumer spending also slowed as unseasonably mild weather cut into spending on utilities.
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Source: Reuters
BMO Asset Management Inc. Announces Risk-Rating Change to Two BMO ETFs
January 29, 2016--BMO Asset Management Inc. today announced risk-rating changes to two BMO Exchange-Traded Funds (ETFs): BMO Equal Weight US Banks Index ETF (TSX:ZBK) and BMO Equal Weight US Banks Hedged to CAD Index ETF (TSX:ZUB).
The risk-rating changes as set out below are effective...
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Source: BMO Financial Group
BMO ETF Outlook Report: ETFs Are a Key Tool for Navigating Market Volatility
January 29, 2016--Smart beta, fixed income and currency exposure continue to be key trends in the industry
BMO's ETF business led the Canadian ETF industry in net new assets for the fifth consecutive year
Canadian ETF industry assets are expected to reach $250 billion in AUM by 2021
BMO Global Asset Management (BMO GAM) today released its ETF Outlook Report for 2016. The report looks at key trends that contributed to the growth of the Exchange Traded Fund (ETF) market in 2015 and opportunities and challenges for the year ahead.
view the BMO Global Asset Management ETF Outlook 2016
Source: BMO Global Asset Management
Two iShares iBonds(R) ETFs Near Final Distribution Date
ETF Shareholders to Receive Payout in April
January 29, 2016--BlackRock, Inc. (NYSE: BLK) announced today that two iShares iBonds(R) ETFs Mar 2016 Corporate ex-Financials ETF (NYSE: IBCB) and Mar 2016 Corporate ETF (NYSE: IBDA) will, by design, cease trading at the closure of U.S. market hours on March 29, 2016.
Leading up to the final distribution date, the individual bonds in the ETFs mature and the funds transition into short-term taxable instruments and cash. Remaining shareholders can expect to receive the entire amount of their proceeds in cash on or after April 4, 2016, subject to their brokerage processes.
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Source: BlackRock
Beaumont Capital Management Launches ETF-Based Investment Products for Retirement Accounts
Defensive-oriented products address challenges of existing 401(k) default programs
January 28, 2016--Beaumont Capital Management (BCM), an industry leader in quantitative, ETF-based investment strategies, announced it has launched new retirement-planning financial products for 2016 with the introduction of risk-managed target date Collective Investment Funds (CIFs).
BCM's retirement products address the need for a more versatile investment solution that seeks to benefit in growing markets and can react appropriately and decisively in periods of market volatility.
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Source: Beaumont Capital Management
Upstart stock exchange Aequitas NEO snags first listing: a new PowerShares ETF
January 28, 2016--Upstart exchange Aequitas NEO has secured its first listing.
It's a milestone to be sure, but one that illustrates the challenge of taking on the dominant Toronto Stock Exchang
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Source: Financial Post
ProShares Launches MSCI Emerging Markets Dividend Growers ETF (EMDV)
Expands industry-leading suite of dividend growers ETFs
January 27, 2016--ProShares, the leader in dividend growers ETFs, today launched the ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV).
EMDV is the first ETF focused on emerging markets companies with the longest track records of year-over-year dividend growth. It is sixth in ProShares' suite of dividend growers ETFs-the largest suite of any ETF provider.
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Source: ProShares
Fees on Mutual Funds and ETFs Tumble Toward Zero
'Loss leaders' boost returns for investors but come with new risks;gasps at Goldman Sachs
January 26, 2016--In November, asset manager, BlackRock Inc. said it would slash by more than 50% the annual expenses charged to investors in an exchange-traded fund that aims to mimic the performance of the entire U.S. stock market.
By the end of the day, executives at rival Charles Schwab Corp. had matched the price cut. In December, Vanguard Group announced fee cuts of as much as 25% at dozens of its funds.
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Source: Wall Stret Journal
Guggenheim Russell 1000(R) Equal Weight ETF Completes Merger with Guggenheim S&P 500(R) Equal Weight ETF
January 26, 2016--Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the successfully completed
merger of Guggenheim Russell 1000(R)Equal Weight ETF (EWRI) into Guggenheim S&P 500(R)Equal Weight ETF (RSP).
In connection with the merger, shareholders of EWRI will receive 0.61652528 shares of RSP for each share
of EWRI held, plus a cash amount to be determined.
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Source: Guggenheim Investments
