Americas ETP News
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Federal Reserve issues FOMC statement
March 18, 2015--Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate.
A range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately; declines in energy prices have boosted household purchasing power. Business fixed investment is advancing, while the recovery in the housing sector remains slow and export growth has weakened. Inflation has declined further below the Committee's longer-run objective, largely reflecting declines in energy prices. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.
SEC Joins Battle on Broker Bias That Could Remake Industry
March 17, 2015--The head of the U.S. Securities and Exchange Commission called for tighter rules on brokers, echoing the White House's campaign to crack down on what the government calls biased financial advice that is costing investors billions of dollars.
The move brings the SEC to the forefront in a battle with Wall Street that could reshape the landscape for advisers and savers alike, touching on how brokers steer clients and collect fees, and potentially creating new winners and losers among investment funds.
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Source: Bloomberg
Global X Funds Expands SuperDividend(R) ETF Suite With Emerging Market And REIT Offerings
March 17, 2015--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X SuperDividend(R) Emerging Markets ETF (SDEM) on the NYSE Arca and the Global X SuperDividend(R) REIT ETF (SRET) on the NASDAQ Stock Exchange.
Both funds come as a result of strong investor interest in Global X's 'Super Family' of income-focused ETFs.
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Source: MarketWatch
U.S. bond ETF set for record outflow in March-TrimTabs
March 17, 2015--U.S. bond exchange-traded funds are on track to experience outflow in March on worries the Federal Reserve may raise interest rates later this year, TrimTabs Investment Research said on Tuesday.
Investors already pulled $6.4 billion from bond ETFs during the first 10 trading days of March.
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Source: Reuters
Vanguard to Bring Price War to Small-Business Pensions Market
Investment manager's cut-price index funds spawned a competitive race to slash fees among rivals
March 17, 2015--Vanguard Group is bringing the investment price war to the small-business pensions market, according to its Chief Executive F. William McNabb III.
The investment manager is known for its cut-price index funds, which sparked a competitive race to slash fees among rivals that manage money for large-company pension plans or individual investors.
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Source: Wall Street Journal
Reading the confusing alphabet soup of exchange-traded fund trends
The ETF universe seems to perpetually expand but the result of pushing the envelope isn't necessarily always positive
March 17, 2015--Every year, investing in exchange-traded funds gets more confusing. Last year, 178 new ETFs launched (based on their inception date as determined by Morningstar Inc.) and while the ETF universe seems to perpetually expand, the result of pushing the envelope in product development isn't necessarily always positive.
Investors should be aware of these trends, while understanding that new ETFs aren't like cars or phones-there is no reason to assume the new model is better.
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Source: Investment News
Nasdaq Lists The Global X SuperDividend(R) REIT ETF
Offers Features to Help Reduce Interest Rate Risk and Diversify Portfolios
March 17, 2015--Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), The Global X SuperDividend(R)REIT ETF (Symbol:SRET), which will begin trading on The Nasdaq Stock Market today.
"At a time of continued low interest rates, income-seekers are in need of alternative sources for yield," said Bruno del Ama, Chief Executive Officer of Global X Funds.
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Source: Nasdaq.com
ETFs struggle to dazzle pension funds
March 17, 2015--Despite their much-lauded growth in the past few decades,
exchange-traded funds have been slow in attracting the attention of defined contribution pension schemes.
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Source: Financial News
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for February 2015
March 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for February 2015.
Positive economic indicators and a six percent gain for the S&P 500 during the month renewed investor confidence in stocks, but once again, it was passively managed international- and U.S.-equity funds that reaped the rewards. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
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Source: Morningstar
First Trust Extends its Latin American Reach Via Chile's Pension Funds
Chile's Pension Risk Rating Commission Approves Sale of Two First Trust AlphaDEX ETFs
March 17, 2015--First Trust Advisors L.P. ("First Trust"), a global ETF provider and asset manager, today announced that Chilean pension funds investment Risk Rating Commission, La Comisión Clasificadora de Riesgo (CCR), has approved two First Trust ETFs for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones(AFPs).
According to Chile's pension plan investment guidelines, before an ETF can be purchased in a pension fund, it must be approved by the CCR. "We are pleased that two AlphaDEX ETFs are officially approved for sale to Chilean pension funds," said Dan Lindquist, Managing Director of First Trust. "This opportunity helps to further expand the footprint of our merit-based AlphaDEX ETFs into a new institutional market for First Trust."
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Source: First Trust
