Americas ETP News
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Regulators mull Fund Facts for ETFs
February 26, 2015--Securities regulators expect to publish proposals later this year that will require exchange-traded funds (ETFs) to provide investors with their own version of Fund Facts disclosure documents, according to an Ontario Securities Commission (OSC) report.
They're also reviewing mutual funds' distribution policies, short-term trading fees, and the growing structured note business.
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Source: Investment Executive
What to expect after fund-fee rule changes
February 26, 2015--At some point after July of 2016, when investors open their account statements, they will see the result of new rules requiring investment and mutual fund dealers to report annually in writing to clients about the cost and performance of their investments.
The changes are part of the Canadian Securities Administrators' Client Relationship Model, Phase 2, or CRM2. Of the two reports, the one outlining fees and commissions is expected to get the biggest response.
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Source: Globe and Mail
BATS Exchange welcomes new iShares ETF
iShares U.S. Fixed Income Balanced Risk ETF (INC) Begins Trading Today on BATS Exchange
February 26, 2015- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced that the iShares U.S. Fixed Income Balanced Risk ETF (BATS: INC) begins trading today on BATS Exchange.
The iShares U.S. Fixed Income Balanced Risk ETF is the first iShares smart beta ETF for the fixed income market. The fund seeks to balance interest rate risk and credit risk, the two primary drivers of bond returns. The fund will invest in a diversified portfolio of corporate bonds, U.S. Treasuries, and mortgage-backed securities, with each sector selected based on its historical risk vs. return efficiency.
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Source: BATS Global Markets, Inc.
Lattice Strategies Introduces Risk-First Investment Paradigm with ETF Family Launch
Funds Occupy Space between Active and Passive, Seeking Advantage
through Intentional, Efficient Allocation of Risk
February 26, 2015--Lattice Strategies, an investment management firm that seeks long-term capital growth through the disciplined and deliberate allocation of risk, announced that its inaugural suite of exchange-traded funds (ETFs) began trading today on the New York Stock Exchange.
The three equity ETFs making their debut are Lattice Emerging Market Strategy ETF (NYSE: ROAM), Lattice Developed Markets (ex-US) Strategy ETF (NYSE: RODM), and Lattice US Equity Strategy ETF (NYSE: ROUS).
Lattice is not new to the ETF space. It was an early proponent of ETFs, launching its Liquid Endowment Strategies in 2007 and developing custom strategy indexes that power private-label ETFs, with each investment solution designed to reallocate risk to drive capital growth. As of December 2014, approximately $1.7 billion was managed to investment strategies developed by Lattice for retail and institutional investors.
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Source: Lattice Strategies
Nasdaq lists Tuttle Tactical Management US Core ETF
Offers Investors the Opportunity for Capital Appreciation While Protecting Portfolios From Downturns
February 26, 2015--Nasdaq announced that Tuttle Tactical Management will list a new exchange-traded product (ETP), Tuttle Tactical Management U.S. Core ETF (Symbol: TUTT), which will begin trading on The Nasdaq Stock Market today.
"We've developed TUTT to reassure investors that their personal needs in the marketplace are protected,"said Matthew Tuttle, Chief Executive Officer and Portfolio Manager at Tuttle Tactical Management, LLC.
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Source: Nasdaq.com
PowerShares "Temporarily" Halts Creations in 11 ETFs
February 25, 2015--Fund company PowerShares "temporarily suspended" share creations in nearly a dozen commodities and currency exchange-traded funds on Wednesday as it assumes full responsibility for those funds' management.
The suspension affects 11 ETFs including the $4 billion PowerShares DB Commodity Index Tracking Fund (DBC) and the $1.2 billion PowerShares DB Dollar Index Bullish Fund (UUP), and curtails the ability of specialized dealers to create new ETF shares, possibly increasing investors' trading costs.
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Barron's
Horizons ETFs Launches Horizons Active US Dividend ETF
The new ETF uses Guardian Capital's award-winning dividend strategy to select U.S. stocks
February 25, 2015--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and its affiliate, AlphaPro Management Inc., are pleased to announce the launch of the Horizons Active US Dividend ETF ("HAU"), an actively managed ETF that invests in U.S. dividend stocks with attractive yield and return opportunities.
Class E and Advisor Class units of HAU will begin trading today on the Toronto Stock Exchange...
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Source: Horizons ETFs Management (Canada) Inc.
Hartford Funds to launch NextShares ETMFs
February 25, 2015--Eaton Vance (EV) locked down Hartford Funds as its third partner for a hybrid fund type that blends characteristics of mutual funds with those of exchange-traded funds.
Hartford, which manages $73 billion, announced on Wednesday that it will partner with Eaton Vance for NextShares products, the brand name for recently approved exchange-traded managed funds. Mario Gabelli's GAMCO Investors (GBL) joined up earlier this month, while American Beacon Advisors was first last month.
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Source: Barron's
Nasdaq to Begin Listing Tuttle Tactical Management Fund on Wednesday, February 25, 2015
February 25, 2015--Effective Wednesday, February 25, 2015, Nasdaq will list one new ETF:
Tuttle Tactical Management U.S. Core ETF (Symbol: TUTT)
Issue Name for ETF:
Tuttle Tactical Management U.S. Core ETF
Nasdaq-listed Trading Symbol:
TUTT
Intraday Portfolio Value: TUTT.IV
Estimated Cash Amount Per Creation Unit: TUTT.EU
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Source: Nasdaq.com
Federal Reserve Monetary Policy report
February 24, 2015--The Federal Reserve has released the Federal Reserve Monetary Policy report.
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Source: Federal Reserve
