Americas ETP News
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US government warns hedge funds pose cyber risk
May 10, 2015--Hedge funds are a weak link in the US financial system's defences against hackers and terrorists, the Obama administration has warned the industry.
The Department of Justice has also told hedge fund investors that their data could be at risk or they could face losses if hackers breach trading systems, and it urged them to put pressure on managers to beef up cyber security.
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Source: FT.com
Fees on Mutual Funds Fall. Thank Yourself.
May 9, 2015-Wall Street is reaping mounting revenue from mutual funds and exchange-traded funds, yet investors are paying lower fees.
That sounds like a good deal for the millions of people who use the funds to invest their savings, and a great deal for the companies that run and sell the funds.
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Source: NY Times
Should you trade your financial adviser for a robo-adviser?
May 8, 2015--If you're someone who likes everything in your life to be automated, you may want to consider automated investing services, also known as robo-advisers.
You invest through these services' websites. First you answer a few questions related to your age, investment goals, risk tolerance and current wealth, For example, Wealthfront, the largest in a crop of automated-investment startups with $2.25 billion of assets under management, asks six questions.
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Source: Bankrate.com
AdvisorShares Active ETF Report: The Consistent Growth Continues
May 8, 2015--Total net assets among actively managed ETFs grew by $550 million during April to reach $20.074 billion.
This marked the first time that assets in the space eclipsed the $20 billion mark. The growth of actively managed ETFs remains continuous and consistent -assets have increased $4.44 billion for a 28% gain over the trailing 12 months.
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Source: AdvisorShares
CFTC.gov Commitments of Traders Reports Update
May 8, 2015--The current reports for the week of May 5, 2015 are now available.
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Source: CFTC.gov
OIC Announces New Academic Research Finds Options-Based Investment Strategies Outperform Long Stock Strategy
Covered Combination Strategy Yields Highest Performance over 10-year Period
The Options Industry Council (OIC) announced today the release of a new academic research study, "The Performance of Options-Based Investment Strategies: Evidence for Individual Stocks During 2003-2013," conducted by Professors Michael L. Hemler, University of Notre Dame's Mendoza College of Business, and Thomas W. Miller, Jr., Mississippi State University.
The study, which was supported by OIC, found that some options-based portfolio strategies seemingly outperform long stock and improve the risk-return tradeoff of long equity portfolios over time.
view The Performance of Options-Based Investment Strategies:
Evidence for Individual Stocks During 2003-2013
Source: Options Industry Council (OIC)
Assets in ETFs/ETPs listed in the United States reached a new record 2.132 trillion US dollars at the end of April according to ETFGI
May 8, 2015--Assets in ETFs/ETPs listed in the United States reached a new record 2.132 trillion US dollars at the end of April according to ETFGI's preliminary monthly ETF and ETP global insight report for April 2015.
The US ETF/ETP industry had 1,703 ETFs/ETPs, from 76 providers listed on 3 exchanges at the end of April 2015.
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Source: ETFGI
Assets in ETFs/ETPs listed in Canada reached a new record of 69.9 billion US dollars at the end of April according to ETFGI
May 8, 2015--Assets in ETFs/ETPs listed in Canada reached a new record of 69.9 billion US dollars, according to ETFGI's preliminary monthly ETF and ETP global insight report for April 2015.
The Canadian ETF industry had 360 ETFs, with 511 listings, from 10 providers listed on 1 exchange.
Record levels of assets were reached at the end of April for ETFs/ETPs listed globally at US$2.998 trillion, in the United States at US$2.132 trillion, Europe at US$511 billion, Asia Pacific ex-Japan at US$125 billion, Japan at US$112 billion and Canada at US$69.9 billion.
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Source: ETFGI
First Bridge Data- 'ETF 20/20 Report' May 2015
May 7, 2015--Key Highlights
Our monthly 'ETF 20/20' report summarizes recent Exchange Traded Fund (ETF) trends in the US. It uses data from the Firs tBridge global ETFdatabase .
Assets for ETFs listed in the US grew in April to $2.136T. As of end April, 2015, there were 1,703 ETPs listed in the US.
Both emerging and developed Ex-US equities outperformed US equities in April; the European Commission revised its Eurozone 2015 GDP forecast up wards to 1.5%.
17 new ETPs were launched in the US in April 2015, indicative of an industry that is still in growth mode. Multi-factor equity ETFs accounted for many of the launches.
The dollar pulled back against the other major currencies in April, reversing a trend where currency hedged ETFs were outperforming their unhedged counterparts.
Dividend and value were the best performing of the widely followed factor strategies among US large cap-equities in April, though growth outperformed value and low volatility over the trailing 12 months.
China and Biotech ETFs were the best performing ETF categories in trailing 12-month total returns (excluding leveraged & inverse ETFs). Natural gas futures and Greek equities were the weakest.
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Source: Bridge Bridge Data
CBO-Monthly Budget Review for April 2015
May 7, 2015--The federal government ran a budget deficit of $285 billion for the first seven months of fiscal year 2015, CBO estimates.
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Source: Congressional Budget Office (CBO)
