Americas ETP News
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Purpose Investments Announces the Launch of Two Highly Innovative International Funds
April 22, 2015--Purpose Investments Inc. ("Purpose") is pleased to announce the launch of two new international investment funds, Purpose International Dividend Fund (TSX:PID) and Purpose International Tactical Hedged Equity Fund (TSX:PHW) (collectively the "Funds").
Purpose has completed the initial public offering of the ETF units of Purpose International Dividend Fund and ETF shares of Purpose International Tactical Hedged Equity Fund.
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Source: Purpose Investments
Nasdaq Lists The AlphaMark Actively Managed Small Cap ETF
April 21, 2015--Only Actively Managed ETF in the Small Cap Growth Space
Nasdaq announced that US Bancorp will list a new exchange-traded fund (ETF), The AlphaMark Actively Managed Small Cap ETF (Symbol: SMCP), which will begin trading on The Nasdaq Stock Market today, April 21, 2015.
"The AlphaMark Small Cap ETF will provide actively managed small cap exposure driven by high quality earnings momentum at a reasonable price to cash flow while utilizing an alpha preservation strategy," said Michael Simon, Founder and CIO of AlphaMark Advisors, LLC.
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Source: Nasdaq.com
WisdomTree Names Alisa Maute Head of Sales
Company Veteran with Diverse Channel Experience Assumes U.S. Sales Leadership Role
April 20, 2015--WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the appointment of Alisa Maute as Head of U.S. Sales.
Ms. Maute joined WisdomTree in June of 2008, spending five years as a Regional Director in the Company's National Full Service (NFS) broker/dealer channel and the past two years as a Regional Director covering the Registered Investment Advisor (RIA) channel in the Midwest.
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Source: WisdomTree
BlackRock to pay $12 mln in SEC conflict of interest case
April 20, 2015--BlackRock Inc, one of the world's largest asset managers, agreed to pay $12 million to resolve U.S. Securities and Exchange Commission charges that a unit failed to disclose a conflict of interest created by the outside business activity of a top portfolio manager.
The SEC on Monday said BlackRock Advisors LLC breached its fiduciary duties to clients by failing to disclose that Daniel Rice, who oversaw some energy funds and separate accounts, was running a family-owned oil and natural gas company that ultimately became the largest holding of a fund he ran for BlackRock.
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Source: Reuters
Volcker calls for U.S. financial regulation shakeup
April 20, 2015--The U.S. financial regulatory system is outdated and riddled with loopholes, former Federal Reserve Chairman Paul Volcker said on Monday as he offered an overhaul plan to make watchdogs more effective.
The rise of the shadow banking sector-companies that provide credit but are not regulated as banks -demonstrates the urgency of regulatory reform, which failed to take root after the 2007-09 financial crisis, he said.
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Source: Reuters
Institutional use of ETFs due to grow next year
P&I survey also details why some asset owners prefer not to use them,br>April 20, 2015--Some 34% of officials at defined benefit plans, foundations and endowments say they use ETFs or ETNs, and of those, one-uarter plan to increase their usage, a new Pensions & Investments survey shows.
Among non-users, about 14% of those surveyed say it's "somewhat likely" they would begin to invest via exchange-traded funds and notes within the next year, according to the survey.
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Source: Pensions & Investments
ETFs May Be Moving Stocks in Unseen Ways
April 18, 2015--A new study suggests that the funds may be herding equities together, especially in niche sectors like real estate and mining.
The $1.2 trillion in U.S. stock ETFs is having a much larger impact on the market than the fund industry claims, according to a recent report from Goldman Sachs. At issue: Heavy trading of index-tracking ETFs appears to be herding individual stocks up or down together, particularly in niche industries such as real estate and mining.
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Source: Barron's
Mackenzie Financial eyeing active ETFs in plan to expand products
April 17, 2015--Mackenzie Financial Corp. is pursuing a strategy to broaden its product offerings beyond traditional mutual funds, a move that could see it sell exchange-traded funds for the first time and mark a further shakeup of Canada's wealth management industry.
The fund company has appointed Michael Cooke as senior vice-president, head of alternative products for Mackenzie Investments, a newly created position. Mr. Cooke was former head of distribution of Invesco Canada Ltd.'s ETF division, PowerShares Canada.
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Source: The Globe and Mail
High Commodity Prices and Pro-Growth Reforms Played Equal Role in LatAm Economic Boom
New analysis draws lessons from last decade and helps identify reforms to accelerate growth
April 17, 2015--Favorable external conditions including high commodity prices and a stable macroeconomic environment, as well as pro-growth reforms boosted GDP per capita in Latin America and the Caribbean by about 5 percentage points (in purchasing power parity terms) over the last decade.
With the decline in prices of many of Latin America's major commodity exports, and slower growth both at home and in several of its trading partners, the region will increasingly need to turn to growth-enhancing reforms while maintaining a sound macroeconomic framework.
view the report-Beyond commodities: The growth challenge of Latin America and the Caribbean
Source: World Bank
Actively Managed ETFs Grow Quickly But Face Hurdles
April 17, 2015--Actively managed exchange traded funds are a small but fast-growing segment of the approximately $2 trillion ETF industry. But regulatory hurdles threaten to stunt their growth.
Like traditional mutual funds, actively managed ETFs harness the buy and sell ideas of professional money managers who aim to outperform a benchmark index. But, unlike mutual funds, the ETFs allow investors to manage short-term risks by trading intraday and using tools such as limit orders, which set maximum or minimum buy and sell prices. The ETFs also tend to have lower expenses than mutual funds.
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Source: Nasdaq.com
