Americas ETP News
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NYSE Looks to Ease Late-Day Pileup
Exchange plans midday auction for thinly traded shares
May 28, 2015--
The New York Stock Exchange is preparing a new plan to make it easier to buy or sell the shares of thousands of listed companies, an effort to
counter the slow midday trading and uneven liquidity plaguing U.S. stock markets.
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Source: Wall Street Journal
WisdomTree Launches Japan Dividend Growth Fund (JDG)
Offers Access to Quality Dividend Growth Stocks in Japan
Expanding the WisdomTree Toolkit for Exposure to Japan
May 28, 2015--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the WisdomTree Japan Dividend Growth Fund (JDG) on the NYSE Arca.
JDG seeks to provide exposure to dividend-paying stocks of companies with growth characteristics that are incorporated in Japan. The Fund has a net expense ratio of 0.43%.
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Source: WisdomTree
SEC Approves Additional Post-Trade Data Collection
May 27, 2015--The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposal to collect additional post-trade data for EMMA, the MSRB announced late Tuesday.
The new data reporting requirements, which take effect on May 23, 2016, are included in amendments to MSRB Rule G-14 on trade reporting and the MSRB's facility for its Real-Time Transaction Reporting System (RTRS).
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Source: The Bond Buyer
WPIC seeks platinum reserve asset status
WPIC has reaffirmed aim to work with IMF to make platinum a reserve asset
May27, 2015--The World Platinum Investment Council (WPIC) has reaffirmed that it would like to work with the International Monetary Fund (IMF) to try to make platinum a reserve asset.
"We're starting to talk to governments about holding platinum in their reserves," CEO Paul Wilson said at the Bloomberg and CME precious metals forum on Friday.
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Source: MineWeb
London Stock Exchange: FTSE Russell Introduces New Pure Style Index Series
May 27, 2015--Expands upon FTSE Russell's innovative family of U.S. style indexes
A more concentrated "smart beta" version of Russell Growth & Value Indexes
Invesco PowerShares to use as basis for new set of ETFs
FTSE Russell, a leading global index provider today announced the launch of the Russell Pure Style(R) Index Series. An extension of the Russell Growth and Value Indexes, the series is designed as a more concentrated and targeted measure of stocks exhibiting strong growth or value characteristics, providing an added dimension to investors seeking additional ways of managing their U.S. equity style exposures.
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Source: 4-traders.com
Former Head of PowerShares Lists Elkhorn S&P 500 Capital Expenditures ETF (CAPX)
The First Capex ETF
May 27, 2015--Elkhorn Investments, LLC, an independent investment firm that designs, sponsors and distributes innovative financial solutions with industry-leading research partners, announced today the Elkhorn S&P 500(R)Capital Expenditures ETF (NASDAQ: CAPX) has begun trading on The Nasdaq Stock Market.
CAPX seeks to track the performance of the S&P 500 Capex Efficiency Index (Index).
"We are pleased to receive a license from S&P Dow Jones Indices for the S&P 500 Capex Efficiency Index, bringing the first capital expenditures (capex) ETF to market," said Ben Fulton, Founder and CEO of Elkhorn Investments and former Managing Director of Global ETFs at Invesco PowerShares.
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Source: Elkhorn
Finra releases revised broker compensation proposal
May 27, 2015--Brokerages would have to send an 'educational communication' to investors outlining questions they should ask their broker about compensation and other inducements for switching firms
May 27, 2015--
Under the rule, brokerages would have to send an "educational communication" to investors working with a broker who is moving to their firm. The document customers receive would outline questions they should ask their broker about the compensation and other inducements the broker is getting to transfer to the new firm.
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Source: Investment News
Survey Reveals ETFs Have Surpassed Mutual Funds as Preferred Investment Vehicle by Financial Advisers
Survey Reveals ETFs Have Surpassed Mutual Funds as Preferred Investment Vehicle by Financial Advisers
May 27, 2015--According to the 2015 Trends in Investing Survey by the Journal of Financial Planning and the FPA Research and Practice Institute(TM), as an investment vehicle that advisers use and recommend, Exchange-Traded Funds (ETFs) now surpass mutual funds in popularity.
This marks the first time since the survey was first completed in 2006 that ETFs have assumed the role of preferred investment vehicle among advisers, with 81 percent of financial advisers surveyed currently using or recommending ETFs with their clients-the most popular investment vehicle among 17 options.
view the 2015 Trends in Investing Survey Invesco PowerShares and FTSE Russell Expand Smart Beta Relationship with Complete Pure Style Portfolios The PowerShares Russell Pure Style Portfolios provide investors who are seeking more control over style exposures in their portfolio with an optimum balance between growth and value segments within large-,mid-,and small--cap companies.
view more Direxion Asset Management Closing 3X Leveraged Gold ETF view more
Source: FPA
May 26, 2015--Six ETFs based on the Russell Pure Style Methodology Enable Index-Based Investors to Take Style Investing to Another Level
Include only stocks with pure growth and pure value characteristics
Eliminates overlap inherent in traditional methodology
Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), expanded its relationship with six Pure Style ETFs that are open for trading on the NYSE Arca. The six ETFs are based on the Russell Pure Style Indexes, a new series of smart beta indexes introduced by FTSE Russell to build on its signature growth and value indexes.
Source: Invesco PowerShares Capital Management LLC
May 26, 2015--The Direxion Shares ETF Trust II has decided to liquidate and close the Direxion Daily Gold Bull 3X Shares (Ticker: BAR) exchange-traded fund ("the Fund") based on the recommendation of Direxion Asset Management, LLC ("Direxion"), the Fund's Sponsor.
Due to the Fund's inability to attract sufficient investment assets, Direxion believes the Fund cannot continue to conduct its business and operations in an economically efficient manner. As a result, Direxion concluded that liquidating and closing the Fund would be in the best interests of the Fund and its shareholders.
Source: Direxion
