Americas ETP News
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Bank of Montreal Enters Robo-Advising Ahead of Other Lenders
January 18, 2016--BMO SmartFolio competes with Wealthsimple, other online rivals
Bank sees platform appealing to millennials, new investors
Bank of Montreal starts signing up customers for its automated low-fee investment-advice platform this week, making the lender the first of Canada's big banks to embrace a robo-advisory business.
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Source: Bloomberg
BMO Introduces SmartFolio, a Digital Portfolio Management Service to Help Canadian Investors
January 18, 2016--With the launch of SmartFolio, BMO now has one of the most extensive suites of investing services available to Canadians
The new offering provides a digital and hands-off approach that is aligned to individual investment objectives for those who have as little as $5,000 to invest
Service created with simplicity, intuitiveness and transparency as guiding design principles
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Source: BMO Financial Group
Infographic-Oil Bust Drags Canadian Dollar to Historic Lows
January 15, 2016--"Lower for longer" means loonie could hit US$0.59 by end of 2016
The continued pressure on the oil sector is wreaking havoc on the Canadian dollar.
This morning, the Loonie continued its freefall by losing another -1.1%, bringing the current exchange-rate to US$0.69.
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Source: visualcapitalist.com
PowerShares files with the SEC-PowerShares S&P 500(R) Quality Portfolio
January 15, 2016--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares S&P 500(R) Quality Portfolio.
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Source: SEC.gov
State Street Global Advisors Introduces Innovative Technology ETF
SPDR(R) FactSet Innovative Technology ETF Provides Exposure to Fastest Growing Companies in the Technology Sector and Electronic Media Sub-Sector
January 14, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that the SPDR FactSet Innovative Technology ETF (XITK) began trading on the NYSE Arca.
XITK offers investors a unique opportunity to access the technology sector and electronic media sub-sector by seeking to provide exposure to companies with high revenue growth, including companies involved in cutting edge research, innovative product and service development, disruptive business models or a combination of these.
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Source: State Street Global Advisors
BATS ETF Marketplace Welcomes Two New Reality Shares ETFs
DFND and GARD Began Trading Today on BATS
January 14, 2016--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed two new Reality Shares ETFs to the BATS ETF Marketplace.
The following ETFs began trading today:
Reality Shares DIVCON Dividend Defender ETF (BATS: DFND)
Reality Shares DIVCON Dividend Guard ETF (BATS: GARD)
Both of these new ETFs seek long-term capital appreciation by tracking the performance, before fees and expenses, of their respective index,
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Source: BATS Global Markets, Inc.
PowerShares Canada to increase NAV on three ETFs
January 13, 2016--PowerShares Canada announced today that it will increase the net asset value (NAV) of three TSX-listed PowerShares exchange-traded funds (the "ETFs"), calculated after close of business on January 14, 2016.
PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF (PFH) and PowerShares Senior Loan (CAD Hedged) Index ETF (BKL) invest in one or more U.S. Regulated Investment Companies (RICs) that earn and distribute qualified interest-related dividends.
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Source: Invesco Canada Ltd.
ETFs/ETPs listed in the United States gathered 239.8 billion US dollars in net new assets in 2015, according to ETFGI
January 13, 2016--ETFs/ETPs listed in the United States gathered US$239.8 billion in net new assets in 2015 although it is a large amount it is less than the record US$244.3 billion gathered in 2014.
In December US$38.0 billion of net new assets were gathered making it the largest asset gathering month for the year and marking the 11th consecutive month of positive net inflows.
During 2015 there has been growth on most measures: the number of ETFs/ETPs has increased from 1,662 to 1,843, assets under management have increased from US$2.002 trillion to US$2.130 trillion, and the number of providers has increased from 71 to 94.
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Source: ETFGI
Van Eck Launches Market Vectors(R) Generic Drugs ETF (GNRX)
January 13, 2016--Van Eck Global has launched the Market Vectors Generic Drugs ETF (NASDAQ: GNRX), the first and only Exchange-Traded Fund (ETF) to target global manufacturers of generic drugs and biosimilars, similar copies of existing but difficult to replicate biological drugs.
"With rising health care costs, drug manufacturing innovation, and public support for less expensive options to brand name drugs, this is a compelling ETF," said Edward Lopez, Marketing Director with Van Eck.
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Source:Van Eck Global
ETF providers hit out at cash-return rule proposals
January 13, 2016--Exchange-traded fund providers have criticised proposed regulations designed to ensure they can return money quickly to investors during periods of market volatility, arguing that they show a fundamental misunderstanding of how the products work.
The public comment period on the Securities Exchange Commission's proposed liquidity requirements for open-end funds-including mutual funds and ETFs-closed on Wednesday.
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Source: FT.com
