Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Wall St. watchdog, firms discuss corporate bond market
June 18, 2015--The Financial Industry Regulatory Authority, Wall Street's industry-funded watchdog, said on Thursday it met with other regulators and financial firms to discuss issues that pertain to the corporate bond market.
Those issues included how well the market is serving the needs of investors, traders and dealers and the market's ability to cope with a credit or liquidity event, FINRA said.
view more
Source: Reuters
Merk Insight: Stop the Fed!?
June 17, 2015--We are concerned the Fed causes both economic and political stability to deteriorate. And, no, this is not about discouraging the Fed to hike rates.
This analysis is about pointing out that the road to hell may be paved with the best of intentions. For the economy to prosper, we need a re-thinking not just at the Fed, but also with some Fed critics. Let me elaborate...
What's wrong?
Central banks have been ever more engaged in the markets. More than seven years after the onset of the financial crisis, we are still arguing whether we can afford interest rates above 0%. Asset prices have been inflated, benefiting those with assets, but doing little for the working man and woman.
view more
Source: Merk Investments
SEC to Formally Mull NYSE Proposal to Fast-Track Active ETFs
June 17, 2015--Regulators will formally debate whether or not to abide a proposal from the New York Stock Exchange that would fast-track listings of actively managed exchange-traded funds.
NYSE Arca, the biggest U.S. exchange by market share of ETF listings and a unit of Intercontinental Exchange (ICE), asked the Securities and Exchange Commission to amend existing rules and cut out a key, time-intensive step fund companies must undertake to launch active ETFs.
view more
Source: Barron's
BTIG Expands Global Portfolio and ETF Trading Business with Industry Veterans
Evan Pfeuffer and David Lenahan Join BTIG in New York
June 17, 2015--BTIG, LLC, a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services, announced today that it has expanded its Global Portfolio and ETF Trading business with the addition of Evan Pfeuffer, Managing Director, and David Lenahan, Director.
Based in New York, Mr. Pfeuffer will specialize in developing quantitative strategies and technologies, while Mr. Lenahan will serve as Head of ETF Sales.
view more
Source: BTIG, LLC
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for May 2015
June 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for May 2015.
Investors continued to direct money to international-equity and taxable-bond funds in May. International equity led all Morningstar category groups with inflows of $24.0 billion, most of which went to passive strategies. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Additional highlights from Morningstar's report about U.S. asset flows in May:
Outflows for active U.S. equity funds slowed to $13.0 billion after an April outflow of $18.9 billion that was the category group's largest since July 2011.
view more
Source: Morningstar, Inc.
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for May 2015
June 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for May 2015.
Investors continued to direct money to international-equity and taxable-bond funds in May. International equity led all Morningstar category groups with inflows of $24.0 billion, most of which went to passive strategies. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Additional highlights from Morningstar's report about U.S. asset flows in May:
Outflows for active U.S. equity funds slowed to $13.0 billion after an April outflow of $18.9 billion that was the category group's largest since July 2011.
view more
Source: Morningstar, Inc.
Direxion Investments Launches First Inverse China A-Shares ETF in the U.S.
CHAD Allows Traders to Hedge China A-Share Exposure
June 17, 2015--Direxion Investments announced today that it has launched the first inverse exchange-traded fund (ETF) in the U.S. tied to China A-shares.
The Daily CSI 300 China A Share Bear 1X Shares (Ticker: CHAD) seeks daily investment results, before fees and expenses, of 100% of the inverse performance of the CSI 300 Index, which consists of 300 market-capitalization-weighted China A-share stocks.
view more
Source: Direxion Investments
TSX to end trading of ETFs on MOC facility
June 17, 2015--The Toronto Stock Exchange (TSX) will stop trading exchange-traded funds (ETFs) in its market-on-close (MOC) facility as of the end of June.
The TSX indicates in a notice that it has decided to remove ETFs and exchange-traded receipts (ETRs) from its MOC facility effective June 30. The move comes in response to "concerns expressed" by both ETF and ETR issuers as well members of an advisory group on the MOC over the eligibility of ETFs and ETRs.
view more
Source: Investment Executive
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting
June 17, 2015--The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the June 16-17 meeting.
The table will be incorporated into a summary of economic projections released with the minutes of the June 16-17 meeting. Summaries of economic projections are released quarterly.
< href="http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20150617.pdf" TARGET="_top">view projections
Source: The Federal Reserve
Republicans move to block Obama's financial adviser rules
June 17, 2015--Republicans on Wednesday moved to block the Obama administration's new rules for financial advisers.
Members of a House Appropriations subcommittee included a provision in the Department of Labor funding bill that mandates that none of the money can be used to craft or implement the pending regulations, known as fiduciary standards.
The subcommittee approved the measure on a party-line voice vote. A Democratic-backed amendment to strip the provision failed.
view more
Source: The Hill
