Americas ETP News
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Deutsche Asset & Wealth Management's US X-trackers Platform Surpasses USD 20 Billion in Assets Under Management
August 10, 2015--Deutsche Asset & Wealth Management (Deutsche AWM) today announced its US Deutsche X-trackers platform surpassed USD 20 billion in assets under management (AUM), and has improved its market share position to a top-10 ETF provider in the US.1 With assets totaling USD 20 billion as of August 7, 2015, the Deutsche X-trackers platform has increased by approximately 365% since year end
, and continues to be among the fastest growing exchange-traded fund (ETF) franchises in the US.2
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Source: Deutsche Asset & Wealth Management
BlackRock Canada Expands its iShares U.S. Equity ETF Line-Up with the Launch of Two New Funds Offering U.S. Mid-Cap Exposure
August 10, 2015--iShares, the industry-leading exchange traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), announced the launch of two new funds that provide investors with low-cost exposure to the mid-capitalization sector of the U.S. equity market.
The units of the iShares
S&P U.S. Mid-Cap Index ETF ("XMC"), which offers an unhedged version of the exposure, and iShares
S&P U.S. Mid-Cap Index ETF (CAD-Hedged),("XMH"), a Canadian hedged version, each have a management fee of 0.15%, and will be listed on the TSX when the market opens today.
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Source: BlackRock
Horizons ETFs announces unit split and consolidations
August 7, 2015- Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the exchange traded funds listed below (the "ETFs"), has announced today that it intends to split or consolidate the
units of the ETFs as indicated in the following tables:
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Source: Horizons ETFs Management (Canada) Inc.
CBO-Monthly Budget Review for July 2015
August 7, 2015--Summary
The federal government's budget deficit amounted to $463 billion for the first 10 months of fiscal year 2015, CBO estimates.
That deficit was $2 billion larger than the one recorded during the same period last year. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend), the deficit for the 10-month period would have declined by $41 billion. On the basis of the government’s revenues and spending so far this fiscal year, CBO expects that the annual deficit will total about $425 billion, which would be less than the $486 billion that the agency projected in March. CBO will publish new multiyear budget projections later in August.
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Source: Congressional Budget Office (CBO)
Deutsche X-trackers closure of SUBD
August 6, 2015--1. Which Funds are being closed and liquidated?
Name: Deutsche X-trackers Solactive Investment Grade Subordinated Debt ETF
Ticker: SUBD
Name: Deutsche X-trackers Regulated Utilities ETF
Ticker: UTLT
2. Why and how were these ETFs chosen to be closed and liquidated?
Deutsche AWM aims to be a leading specialty provider of ETFs in the US, by providing differentiated and compelling products in the current landscape.
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Source: Deutsche Asset & Wealth Management
State Street Global Advisors Announces Adjustments to Net Asset Value Related to Receipt of Payments
August 6, 2015--The SPDR(R) Exchange Traded Funds (ETFs) listed in the table below, announced today that each Fund's net asset value will be adjusted to reflect the receipt of payments related to certain class action settlements.
The total payment to be received by each Fund is listed below. When the Funds calculate their net asset value ("NAV") per share on Friday, August 7, 2015, it is estimated that the Fund's NAV will be impacted in the amounts stated below based on shares outstanding as of August 5, 2015.
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Source: State Street Global Advisors
Hagens Berman Announces Investigation of PIMCO Total Return Active ETF (NYSEArca: BOND) Relating to Possible Overstatements of Value and Performance
August 5, 2015--Hagens Berman Sobol Shapiro LLP is investigating PIMCO Total Return Active ETF (NYSEArca: BOND) ("the Fund") and its management company, PIMCO, for possible violations of federal securities laws.
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Source: Hagens Berman
AdvisorShares Will Close Accuvest Global Long/Short ETF
August 4, 2015--Exchange-traded funds sponsor AdvisorShares will close the AdvisorShares Accuvest Global Long Short ETF (AGLS) at the end of this week, according to a news release.
AdvisorShares partners with outside money managers to turn existing strategies into ETFs. Walnut Creek, Calif.-based Accuvest Global Advisors specializes in investment strategies that use single-country ETFs.
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Source: Barron's
Van Eck(R) Global to Expand ETF Lineup with Acquisition of Master Limited Partnership (MLP) ETFs
Shareholders of two Yorkville ETFs to be asked to approve first of its kind exchange-traded fund reorganization
August 3, 2015--Van Eck Global has entered into an agreement with Yorkville ETF Advisers, LLC and Exchange Traded Concepts LLC relating to the Yorkville High Income MLP ETF (NYSE Arca: YMLP) and the Yorkville High Income Infrastructure MLP ETF (NYSE Arca: YMLI).
Pending approvals from shareholders of the existing ETFs and the boards of trustees of each of the Market Vectors ETF Trust and Exchange Traded Concepts Trust, YMLP and YMLI will be reorganized as the Market Vectors High Income MLP ETF and the Market Vectors High Income Infrastructure MLP ETF, respectively.
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Source: Van Eck Global
ETF sponsors find whitespace for alternative products
Unmet Client Demand for Alternatives
August 3, 2015--The majority (70 per cent) of ETF sponsors believe that the alternative space is an area where there is unmet demand for ETF products,
according to the July 2015 issue of The Cerulli Edge-US Monthly Product Trends.
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Source: Cerulli
