Americas ETP News
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From Bad To Worse: Brazilian ETFs Begin To Close
October 4, 2015--There is no denying the it has been hard to convince investors to purchase Latin American ETFs over the past few months, let alone Brazilian ETFs, due to constant underperformance, commodity price falls and fears over China.
With the Brazilian economy already in turmoil-including economic stagnation, social unrest and record disapproval rates for the incumbent President Dilma Rousseff-the Latin American giant is about to be dealt another blow: the liquidation of two ETFs: The Global X Brazil Financials ETF (BRAF) and The EGShares Brazil Infrastructure ETF (BRXX).
Following the trend of the MSCI Brazil Index, both the BRAF and BRXX have declined up to 75% over a 5 year period, with some of the worst declines occurring over the past year.
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Source: emergingequity.org
From Bad To Worse: Brazilian ETFs Begin To Close
October 4, 2015--There is no denying the it has been hard to convince investors to purchase Latin American ETFs over the past few months, let alone Brazilian ETFs, due to constant underperformance, commodity price falls and fears over China.
With the Brazilian economy already in turmoil-including economic stagnation, social unrest and record disapproval rates for the incumbent President Dilma Rousseff-the Latin American giant is about to be dealt another blow: the liquidation of two ETFs: The Global X Brazil Financials ETF (BRAF) and The EGShares Brazil Infrastructure ETF (BRXX).
Following the trend of the MSCI Brazil Index, both the BRAF and BRXX have declined up to 75% over a 5 year period, with some of the worst declines occurring over the past year.
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Source: emergingequity.org
ETF Investors Exit Emerging-Market Stock Bets As China Falters
October 1, 2015--Traders dumped exchange-traded funds tracking emerging-market stocks at the fastest pace in over a year last quarter amid concerns over the slowdown in China, a selloff in commodities and the prospect of higher interest rates in the U.S.
Investors pulled $6.1 billion from U.S.-traded ETFs that offer exposure to a basket of developing-nation equities in the three months through September, the most since the first quarter of 2014, according to data compiled by Bloomberg. Exchange-traded funds that invest in both emerging-market stocks and debt as well as individual countries saw outflows in 12 out of 13 weeks ending Sept. 25, with losses totaling$12 billion, the data show.
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Source: www.fa-mag.com
Bats will offer to pay for companies to list ETFs
October 1, 2015--BATS Global Market Holdings Inc said on Thursday it would pay exchange-traded product issuers to list their products on its exchange as it attempts to become the No. 1 U.S. listing venue for the popular securities.
The exchange operator told Reuters in March that it aimed to become the largest listing venue for ETPs such as exchange-traded funds and exchange-traded notes, within three to five years.
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Source: Reuters
OFR-Working Papers-Measuring the Unmeasurable: An Application of Uncertainty Quantification to Financial Portfolios
October 1, 2015--Uncertainty is a crucial factor in financial stability, but it is notoriously difficult to measure. This working paper extends techniques from engineering to quantify,fundamental economic uncertainty, and applies the method to an example of portfolio stress testing.
By this measure, uncertainty peaked in late 2008.
view the Measuring the Unmeasurable: An Application of Uncertainty Quantification to Financial Portfolios
Source: Office of Financial Research
CBOE Holdings Reports September 2015 Trading Volume
October 1, 2015--CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that total trading volume in September for options contracts on Chicago Board Options Exchange(R) (CBOE(R)) and C2 Options Exchange (C2) and futures contracts on
Chicago Board Options Exchange(R)(CBOE(R)) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE(R)) was 104.0 million contracts, a decrease of 5 percent from September 2014 and 17 percent from August 2015.
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Source: CBOE
BATS Global Markets Launches the BATS ETF Marketplace, Redefining the ETF Industry with Innovative Benefits for Issuers, Market Makers, Investors
BATS,the #1 Market for ETP Trading on Exchange with 45% Market Share", Unveils Incentive Programs
October 1, 2015--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded products (ETPs), today unveiled the BATS ETF Marketplace, a market specifically structured and designed for ETF issuers and their investors.
The unveiling of the BATS ETF Marketplace-ETFMarketplace.com- underscores the company's complete and unique commitment to the listing and trading of exchange-traded products. With this initiative, BATS introduces the BATS ETF Issuer Incentive program and the BATS Lead Market Maker program.
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Source: BATS Global Markets, Inc.
Dow Jones Industrial Average Q3 2015 Performance Report Card
October 1, 2015-The Dow Jones Industrial Average ended September at 16,284.70-down 1,538.37 points year to date for a -8.63% return. Q3 2015 was the worst calendar quarter since Q3 2011.
Leader & Laggard-Nike (NKE) was the biggest contributor during Q3; Goldman Sachs (GS) was the biggest detractor.
Industry Performance-the Consumer Goods industry was the best (and, frankly, only) contributor during the period; Industrials the worst.
Worst Day (In Points & Percent)-down 588.40 points or -3.57% -on August 24th. While bad-the worst 1 day loss since August 2011-it could have been worse: the DJIA was down over 1,000 points in early trading before recovering.
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Source: S&P Dow Jones Indices LLC
CFTC Orders Deutsche Bank AG to Pay a $2.5 Million Civil Monetary Penalty for Swaps Reporting Violations and Related Supervision Failures
September 30, 2015--The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Deutsche Bank AG, a global banking and financial services company and provisionally registered Swap Dealer, for failing to properly
report its swaps transactions from in or about January 2013 until July 2015.
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Source: CFTC.gov
Index in works to hedge exposure to Fannie, Freddie bonds
September 30, 2015--Vista Capital Advisors plans to offer an index for hedging the credit risk transfer bonds of Fannie Mae and Freddie Mac.
"We hope to have a cash index established this year," said Dick MacWilliams, a co-founder of Vista.
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Source: SmartBrief
