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ISE Holdings Statement On The Passing Of Ivers W. Riley
February 18, 2015--The International Securities Exchange Holdings, Inc. (ISE Holdings) today released a statement on the passing of Ivers W. Riley, who joined ISE's Board of Directors in 2000 and served as its Chairman from 2002 to 2006.
David Krell, ISE Chairman and a co-founder of the exchange, said, "Ivers was a true rarity in this industry. He was involved in many of the transformative moments that set the course for the robust options markets in existence today. From convincing the SEC to allow trading of puts, to developing the first ETF products, to leading the industry toward the benefits of electronic trading, Ivers had a clear vision driven by a desire for innovation and transparency.
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Source: ISE Holdings
BATS Exchange Welcomes KraneShares
KraneShares Emerging Markets Plus ETF (KEMP) Available for Trading on BATS Exchange
February 17, 2015--BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced that KraneShares, a New York-based ETF company focused on providing investment exposure to the market in China, has listed the KraneShares FTSE Emerging Markets Plus ETF on BATS Exchange.
The new ETF, which listed on Friday, Feb. 13th, trades under the symbol KEMP and is KraneShares' first listing on BATS Exchange.
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Source: BATS Global Markets, Inc.
The PureFunds ISE Cyber Security ETF (HACK) Exceeds One Million Shares in a Trading Day
Assets Under Management Now Over $200 Million
February 17, 2015--PureFunds(R) announced today the PureFunds ISE Cyber Security ETF (NYSEArca: HACK) exceeded one million shares traded on Friday, February 13, 2015 (actual: 1,397,800), bringing the total assets under management for HACK to over $231 million*.
HACK also closed at a record high $28.24, up 6.61% YTD. These milestones come just three months after the fund's launch on November 12, 2014.
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Source: PureFunds
With the Launch of Four New Funds, BlackRock Expands the iShares Core for Canadian Investors
The iShares Core now includes low-cost options for access to the U.S. Total Stock Market, currency-hedged developed markets and the world
iShares also launches a new unhedged option to access dividend-paying U.S. companies
February 17, 2015--iShares, the industry-leading exchange traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada),
an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), announced the launch of four new funds in the iShares Core, providing even more comprehensive exposures and currency-hedging optionality to the asset classes sought most by Canadian investors today(1). In addition, iShares also announced the launch of a new fund that provides an unhedged option to dividend-paying U.S. companies, offering additional ways for Canadian investors to reach for income in an ongoing low-yield environment. XUU, XAW, XHU, XFH and XUH have now closed the initial offering of their units. The units of XUU, XAW, XHU and XFH will be listed on the TSX when the market opens today. The units of XUH are expected to be listed on the TSX when the market opens on February 19, 2015.
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Source: BlackRock
Solar: Creating Jobs in the U.S. Through Growth & Innovation
February 17, 2015--If you're looking for an example of growth and innovation in the U.S. that's creating lots of jobs, look no further than solar, which is popping up everywhere, from airports to schools and the military, and of course, at homes and businesses.
In late December, the world's largest solar array at an airport starting generating power at Indianapolis International Airport. Covering 162 acres, electricity from the 22.2 megawatt (MW) system (76,000 solar panels) will be sold to the utility to power residential and commercial customers. The biggest solar system in Minnesota is under construction at Minneapolis St. Paul International Airport-at 3 MW, it will provide 20% of the power.
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Source: Nasdaq.com
A New Event Debt ETF Filed by Eccles Street
February 16, 2015--A wide variety of products have been launched in the ETF world so far this year by several providers, big and small.
Continuing this trend, Eccles Street Asset Management, which is a new player in the industry, looks to launch an active ETF targeting the fixed income ETF space.
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Source: Nasdaq.com
ProShares Launches First 2x and -2x Gold Miners ETFs
Four New ETFs Offer 2x and -2x Exposure to Gold Miners and Junior Gold Miners Indexes
February 13, 2015--ProShares, a premier provider of alternative ETFs, today announced the launch of the only ETFs in the United States offering 2x and -2x exposure to gold and silver mining stocks.
The new ProShares ETFs, all of which are listed on NYSE Arca, are:
Ultra Gold Miners (GDXX), which seeks to provide 2x the daily performance of the NYSE Arca Gold Miners IndexSM
UltraShort Gold Miners (GDXS), which seeks to provide -2x the daily performance of the NYSE Arca Gold Miners Index
Ultra Junior Miners (GDJJ), which seeks to provide 2x the daily performance of the Market Vectors(TM) Global Junior Gold Miners Index
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Source: ProShares
CLS Investments, Riskalyze launch robo exclusively for advisers
Latest entrant seeks to combine investment, risk technology and human advice but it's not free
February 13, 2015--CLS Investments and Riskalyze are joining forces to offer financial advisers access to a new robo-adviser.
The platform, which will be known as AutoPilot, will let users measure investment risks inherent in the portfolio. AutoPilot is slated to go live in early April, according to CLS chief executive Todd Clarke and Riskalyze CEO Aaron Klein.
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Source: Investment News
CFTC.gov Commitments of Traders Reports Update
February 13, 2015--The current reports for the week of February 10, 2015 are now available.
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Source: CFTC.gov
Recent Smart Beta ETF Launches by Category
February 13, 2015--One of the defining trends of ETF based investing has been the growth in 'smart beta' ETFs. Though we don't like the term (others sometimes refer to it as 'strategic beta'), this category of ETFs has rapidly grown in adoption.
In April 2014, in a guest post for S&P Dow Jones, we defined 'smart beta' and estimated the smart beta ETF space for US equity exposure to be ~ $75B, i.e. about 9% of the total ETF assets for domestic US equities at the time.
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Source: First Bridge