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AdvisorShares Weekly Market Update-Great Jobs Report, Equities Don't Care
December 11, 2014--Highlights of the Prior week-For the week of December 1-December 5
Macro
The monthly non farms jobs report hit on Friday and was a monster. The report showed 321,000 new jobs with the
headline (U3) unemployment rate holding steady at 5.8% while the broader U6 moved down one tick to 11.4%.
Oddly the labor force participation rate remained at a 36 year low of 62.8%.
The blowout jobs number was not enough to move the needle for domestic equities which were generally up a little. The Dow Jones Industrial Average was up 0.73% for the week, the S&P 500 up 0.38% and the Russell 2000 added 0.78% with only the NASDAQ finishing in the red, down 0.23%.
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Source: AdvisorShares
Cambria Launches Global Asset Allocation ETF With A 0.00% Management Fee
December 10, 2014--The Cambria ETF Trust and its investment manager, Cambria Investment Management, LP, today launched the Cambria Global Asset Allocation ETF (Ticker: GAA). This marks the first ETF on the U.S. market to charge a permanent 0% management fee.
GAA trades on the NYSE Arca exchange.
GAA is comprised of other underlying ETFs and seeks to replicate a true global market portfolio, investing in a basket of U.S. and foreign equities, bonds, real estate, commodities, and currencies.
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Source: Cambria Investment Management, LP
ARK Investment Management Appoints Lorelei O'Hagan To Lead ETF Sales And Distribution Efforts
December 10, 2014--ARK Investment Management (ARK), an active manager of thematic exchange-traded funds (ETF), today announced the appointment of Lorelei O'Hagan as Chief Sales Officer. Lorelei is a 15-year veteran of the securities industry with ten years of experience in exchange-traded products.
Ms. O'Hagan joins ARK from Barclays, where she worked for six years as vice president in its Investor Solutions Sales group.
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Source: ARK Investment Management
Validea Capital Management Partners With US Bancorp Fund Services To Launch The First Actively-Managed Exchange-Traded Fund In Its ETF Multiple Series Trust
December 10, 2014--U.S. Bancorp Fund Services (USBFS) has added an actively-managed exchange-traded fund (ETF) from Validea Capital Management, LLC (Validea) to its ETF Series Solutions (ESS) multiple-series trust (MST). The Validea Market Legends ETF (NASDAQ: VALX) launched Wednesday, December 10, 2014.
"The Validea Market Legends ETF allows us to continue our mission of providing our investors with access to historically successful investment strategies," said Jack Forehand, president and co-portfolio manager of the fund for Validea Capital Management Partners. "We believe that the best way to outperform the market over the long-term is to follow strategies that have proven themselves over time, and to do so in a disciplined framework, and the launch of this ETF will allow us to make our investing system available to the full investing community for the first time."
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Source: U.S. Bancorp Fund Services, LLC
WisdomTree Launches Emerging Markets ex-State-Owned-Enterprises Fund (XSOE)
Industry's First ETF for Pure Private Sector Emerging Markets Exposure
December 10, 2014--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) on the NYSE Arca.
XSOE seeks to provide exposure to broad-based emerging markets stocks that exclude state-owned companies. The Fund has a net expense ratio of 0.58%.
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Source: WisdomTree
Are Transparent Managed ETFs The Future? Fund Manager Cathie Wood Is Betting On It
December 10, 2014--Each week Cathie Wood, founder and CEO of startup Ark Investment Management, gathers her six stock-picking analysts (five twentysomethings and a fiftysomething former filmmaker) for a brainstorming session at its offices in New York City.
The freewheeling discussions cover such holdings as Tesla, Netflix, Athenahealth, Autodesk, Illumina and Salesforce.com and is punctuated by Wood’s characteristically out-there predictions. "I think Oracle is toast, I really do," she declares at one.
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Source: Forbes
ValueShares Launches International Quantitative Value ETF (IVAL)
The systematic, transparent, high-conviction, actively managed IVAL
ETF complements the recent U.S. equity QVAL offering
December 10, 2014--ValueShares (www.valueshares.com) today announced that it has launched the ValueShares International Quantitative Value ETF (BATS:IVAL).
IVAL complements the successful October 22, 2014 launch of the ValueShares U.S. Quantitative Value ETF (BATS:QVAL).
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Source: ValueShares
Nasdaq to List Validea Market Legends ETF
Efficient Way for Investors to Gain Access to a Unique Stock Selection System
December 10, 2014--Nasdaq today announced that Validea Capital Management will list a new exchange-traded fund, Validea Market Legends ETF (Symbol: VALX), on The Nasdaq Stock Market. VALX will begin trading on today, December 10, 2014.
"Validea Capital believes that the best way to outperform the market is to learn from the select group of legendary investors who have done so historically," said John P. Reese, Chief Executive Officer of Validea Capital and co-portfolio manager of the fund. "For over ten years, Validea Capital has been running fundamental-based models using these legendary strategies and now the Validea Market Legends ETF provides an easy way for individual and professional investors to gain access to our unique stock selection approach."
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Source: Nasdaq.com
AdvisorShares Active ETF Report: Shot Term Bonds lead inflows for November
December 9, 2014--The number of actively managed funds increased to 122 as four new funds launched in November.
For the second month in a row the Short Term Bond category was by far the leader in inflows at the category level.
view the AdvisorShares Active ETF Report
Source: AdvisorShares
Vident Opens New York Trading Office
December 9, 2014--Vident Financial, the exchange traded funds issuer behind some of the fastest-growing ETFs to come to market over the past year, said that its Vident Investment Advisory unit commenced ETF trading from its New York office today.
“Vident Financial established VIA earlier this year in an effort to improve trading efficiencies and better control costs associated with their ETFs."
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Source: Yahoo News
