Americas ETP News
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Brokers fume as U.S. looks to protect investors from expensive duds
September 1, 2015--For most people saving for retirement, buying a non-tradeable real estate investment trust that charges fees and commissions of 11 percent or more doesn't sound like a good deal.
But for a growing number of stockbrokers in a corner of the securities industry known as "independent" broker-dealers, such products are a big part of their income and their firms' revenue.
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Source: Reuters
State Street Global Advisors Announces ETF Share Splits
September 1, 2015--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced share splits on 10 SPDR ETFs that offer exposure to companies in specific US industries.
With a share split, the aggregate market value of shares outstanding is not impacted. The splits lower the funds' share prices and increase the number of outstanding shares. The Record Date for the share split will be 9/8/2015 and the Pay Date will be 9/10/2015.
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Source: State Street Global Advisors
Horizons launches actively managed global opportunities ETF
August 27, 2015--Actively managed by British Columbia-based Forstrong Global Asset Management, the fund uses flexible tactical allocation among several global asset classes to seek long-term investment returns.
It trades in Canadian dollars but primarily invests in US-listed ETFs.
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Source: etfstrategy.co.uk
WBI Shares Celebrates Anniversary
August 27, 2015--On August 27th, WBI Shares celebrates the first anniversary of the landmark launch of their 10 "true active" alternative ETFs that eclipsed $1 billion dollars on the first trading day.
Now with over $1.5 billion in assets through 7/31/15, WBI Shares ranks #6 in active ETF assets having garnered 7.44% market share1.
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Source: WBI Shares
Global X Funds Expands Distribution Team With Senior Hires
August 25, 2015--Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs), today announced the appointments of Brian Diessner as Head of Sales and Chris Ciompi as Head of Marketing.
Mr. Diessner, joining from BlackRock, will lead Global X's institutional sales operations, bringing with him over 15 years of distribution experience focused on ETFs.
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Source: Global X Funds
Kevin O'Leary, Star of Shark Tank, Launches 4 Smart-Beta ETFs
August 25, 2015--O'Shares Investments, formed by ABC Shark Tank investor and CNBC Contributor Kevin O'Leary, completes initial ETF suite debut on NYSE Arca, expanding their index licensing partnership with FTSE Russell across Europe and Asia-Pacific to create a comprehensive global suite of investment solutions.
O'Shares Investments (O'Shares) announced today the launch of four new O'Shares exchange traded funds, based on European and Asia-Pacific stocks with a choice of an unhedged or US $ hedged series, rounding out a suite of five smart beta index-based ETFs in partnership with FTSE Russell, a global leader in factor-based and smart beta benchmarks.
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Source: O'Shares Investments
Vanguard Launches Tax-Exempt Bond Index Fund
The firm's first municipal bond index fund features low-cost ETF Shares
August 25, 2015--Vanguard today introduced its first municipal bond index fund, Vanguard Tax-Exempt Bond Index Fund.
The fund will offer three low-cost share classes, including exchange-traded fund (ETF) shares.
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Source: Vanguard
CLS Investments' "Core Plus ETF" Strategy to Be Included in the Envestnet Retirement Solutions ("ERS") Fund Strategist Network
August 24, 2015--CLS is part of a group of 10 strategists included on the newly-launched Network
CLS's strategy utilizes risk budgeting, relative strength, and asset class risk analysis to build and diversify portfolios seeking to help investors meet their specific goals
The ERS Fund Strategist Network provides advisors with additional investment management tools to serve their plan sponsor and participant clients
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Source: MarketWatch
Hull Tactical Asset Allocation Welcomes Financial Industry
-Alan Grigoletto to serve as Chief Commercial Officer, focusing on Hull Tactical US ETF marketing efforts
August 24, 2015--Hull Tactical Asset Allocation, LLC ("HTAA"), announces that Alan Grigoletto has joined the firm and will serve as Chief Commercial Officer. Grigoletto will support the marketing and sales efforts of HTAA's new actively managed ETF, Hull Tactical US ETF ("HTUS").
Launching HTUS in June 2015, HTAA saw a need to bring in an experienced executive to provide greater infrastructure around distribution efforts for the fund.
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Source: Hull Tactical Asset Allocation, LLC
Compass EMP Launches Two ETFs
New Strategic Beta ETFs Provide
An Alternative Approach For Investing in Non-U.S. Markets
August 20, 2015--Victory Capital today announced that it has launched two new Exchange Traded Funds (ETFs), which began trading on the Nasdaq Stock Market(R) on August 20, 2015.
The new ETFs are managed by Victory Capital's investment franchise, Compass Efficient Model Portfolios ("Compass EMP"). Victory Capital recently completed the acquisition of the business of Compass EMP, a strategic beta manager based in Brentwood, TN.
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Source: Compass EMP
