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Nasdaq Lists Two New ProShares ETFs
Expands World's Largest Lineup of Geared ETFs
Offers Leveraged and Inverse Exposure to Biotech Companies
June 23, 2015--Today Nasdaq announced that ProShares will list two new exchange-traded funds (ETFs), UltraPro Nasdaq Biotechnology ETF (Symbol: UBIO) and UltraPro Short Nasdaq Biotechnology ETF (Symbol: ZBIO), which will both begin trading today, June 23, 2015.
Both funds track the Nasdaq Biotechnology Index.
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Source: Nasdaq.com
Van Eck Global Marks the Three-Year Anniversary and 5-Star Ratings of Its High Yield Bond ETFs
June 22, 2015--Van Eck Global today marked three years of live trading for three of its fixed income ETFs: Market Vectors(R) Fallen Angel High Yield Bond ETF (NYSE Arca: ANGL), Market Vectors(R) International High Yield Bond ETF (NYSE Arca: IHY) and Market Vectors(R)Emerging Markets High Yield Bond ETF (NYSE Arca: HYEM).
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Source: Van Eck Global
RBS To Redeem 13 Exchange Traded Notes
June 22, 2015--The Royal Bank of Scotland plc ("RBS plc") announced today that it has elected to redeem the following exchange traded notes (the "ETNs") on or about July 7, 2015:
RBS Global Big Pharma Exchange Traded Notes (ticker: DRGS)
RBS US Large Cap Alternator Exchange Traded Notes(TM) (ticker: ALTL)
RBS China Trendpilot(TM) Exchange Traded Notes (ticker: TCHI)
RBS Gold Trendpilot(TM) Exchange Traded Notes (ticker: TBAR)
RBS NASDAQ-100(R) Trendpilot(TM)Exchange Traded Notes (ticker: TNDQ)
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Source: RBS Corporate & Institutional Banking (CIB)
Greg Ehret Named President of State Street Global Advisors
June 22, 2015--State Street Global Advisors (SSGA), the asset management business of State Street Corporation today announced that Greg Ehret, age 45, has been named president.
He will continue to report to Ron O'Hanley, chief executive officer of SSGA.
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Source: State Street Global Advisors
KBW Downgrades Wisdom Tree; Still Sees Firm as Long-Term ETF Pure Play
June 22, 2015--The folks at Keefe, Bruyette & Woods are ratcheting back their ratings on Wisdom Tree Investments (WETF) but still sees the stock as a long-term pure play in the ETF industry.
In a report published Monday, KBW analyst Robert Lee downgraded WisdomTree, the only publicly-traded fund company that makes exchange-traded funds its sole business, from outperform to market perform, with a $25 price target, arguing that the risk/reward profile of the stock is less favorable, given the current share price.
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Source: Barron's
F&C hires former iShares MD to spearhead ETF push
June 22, 2015--F&C has hired former iShares managing director Marc Knowles to head up its passives push as the group prepares to launch a trio of exchange-traded funds (ETFs).
The fund house, which will be rebranded as BMO Global Asset Management next month, has begun making headway with its move into the ETF space, having first flagged its intention to do so last year.
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Source: Investment Week
SEC Exams to Focus on Sales of Retirement Products
June 22, 2015--The SEC Office of Compliance Inspections and Examinations, or OCIE, has launched a multi-year Retirement-Targeted Industry Reviews and Examinations (ReTIRE) Initiative.
OCIE is focusing on retirement-based savings in recognition of the complex and evolving set of factors that retail investors face when making such investment decisions. OCIE, through the National Examination Program (NEP), will conduct examinations of SEC-registered investment advisers and broker-dealers (collectively, registrants) under the ReTIRE Initiative that will focus on certain higher-risk areas of registrants' sales, investment, and oversight processes, with particular emphasis on select areas where retail investors saving for retirement may be harmed.
view the Retirement-Targeted Industry Reviews and Examinations Initiative
Source: Dodd-Frank.com
Voices: Valerie Chaille, on ETFs' Rising Popularity and Complexity
Survey: 80% of advisers now use ETFs, up from 40% in 2006
June 22, 2015--Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community.
Valerie Chaille is director of practice management for the Financial Planning Association and the founder and president of SummitView Financial in Indianapolis.
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Source: Wall Street Journal
CFTC's Division of Market Oversight Issues Updated Guidebook and Appendices for Part 20 Reports
June 22, 2015--The U.S. Commodity Futures Trading Commission's (Commission) Division of Market Oversight today issued an updated Guidebook and Appendices for Part 20 Reports.
The Guidebook and Appendices provide guidance and detailed instructions for submitting large swaps trader reports to the Commission under Part 20 of the Commission’s regulations.
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Source: CFTC.gov
Meet the New Bond Index That Will Mirror the S&P 500
June 19, 2015-S&P Dow Jones Indices, the company that produces the S&P 500 stock index as well as myriad other benchmarks, is planning to launch a bond index-the S&P 500 Bond Index
-in early July that will track the debt of the S&P 500 components.
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Source: Wall Street Journal
