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Vanguard Sets Record Funds Inflow
Investors Gave Stock Pickers a Vote of No Confidence in 2014
January 4, 2015--Investors gave stock pickers a resounding vote of no confidence in 2014, pouring $216 billion-a record inflow for any mutual-fund firm-into Vanguard Group, the biggest provider of index-tracking products, according to preliminary figures from the mutual-fund group.
Those large inflows accentuate a trend away from fund managers and toward so-called passive investments that mimic indexes and other benchmarks for a fraction of the cost of the typical mutual fund.
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Source: Wall Street Journal
Dodge & Cox stockpicking fund bucks trend
January 4, 2015--As equity market investors moved in droves from active managers to index trackers in 2014, one stockpicking fund that bucked the trend did so in a remarkable way: without spending a cent on marketing.
The Dodge & Cox International Stock Fund is on course to be the year's most popular actively managed US mutual fund, as measured by customer inflows, having taken $10.1bn in the 11 months to November.
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Source: FT.com
Mutual fund fee reform coming-maybe-sooner than you think
January 3, 2015--Canadian regulators will be armed with new research in early 2015 that investor advocates hope will finally prompt a clampdown on the use of embedded commissions on mutual fund sales.
The compensation method is one that some say can lead to biased advice and eat into long-term returns.
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Source: Financial Post
Five ProShares ETFs Join BATS Competitive Liquidity Provider Program
January 2, 2015--ProShares, a premier provider of alternative ETFs, announced today that five ProShares ETFs listed on the BATS Exchange will begin participating in the BATS Competitive Liquidity Provider ("CLP") Program starting today.
These ETFs join two ProShares ETFs already participating in the program.
Fund Name: ProShares Short Term USD Emerging Markets Bond ETF (EMSH) Date of Entry: 1/2/2015
Fund Name: ProShares Investment Grade—Interest Rate Hedged(IGHG)
Date of Entry: 1/2/2015
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Source: ProShares
ISE Reports Business Activity for December and Full Year 2014
January 2, 2015--For full year 2014, ISE and ISE Gemini combined for 16.0% equity options market share, excluding dividend trades, with an ADV of 2.4 million contracts.
ISE Gemini had an ADV of over 500,000 contracts in 2014.
Dividend trades made up 1.6% of industry volume in 2014, the lowest since ISE began tracking the statistic in 2010.
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Source: ISE
CFTC Provides Notice and Clarification of the Reopened Comment Period for its Rulemaking Proposals on Position Limits for Physical Commodity Derivatives and Aggregation
January 2, 2015--The U.S. Commodity Futures Trading Commission (CFTC or Commission) has submitted for publication in the Federal Register a clarification and notice regarding the
reopened comment periods for two Position Limit rulemakings.
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Source: CFTC.gov
Can Wall Street reform survive 2015?
January 1, 2015--In the final weeks of 2014, critics of President Obama's Wall Street reform scored their biggest victory to date, rolling back a new regulation on derivatives.
But it's just the first act of the GOP’s battle against the Dodd-Frank Wall Street Reform Act, as Republicans hope to make a bigger imprint as they take control of both houses of Congress.
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Source: msnbc.com
Horizons ETFs to close four funds March 13
December 31, 2014--Horizons ETFs Management (Canada) Inc. will be terminating certain exchange-traded funds effective at the close of business on Friday, March 13, 2015.
The ETFs being terminated are listed ..
ETF: Horizons BetaPro MSCI Emerging Markets Bull Plus ETF
Symbol:HJU
ETF: Horizons BetaPro MSCI Emerging Markets Bear Plus ETF
Symbol: HJD
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Source: stockwatch.com
"ALPS Medical Breakthroughs ETF" Looks to Capitalize on New Era for Drug Companies
December 31, 2014--ALPS, a DST Company focused on asset management and asset servicing, today announced the launch of the ALPS Medical Breakthroughs ETF (NYSE Arca: SBIO), the first exchange-traded fund built specifically to capture R&D opportunities in the biotechnology and pharmaceutical industries.
The Fund has been designed to track the performance the Poliwogg Medical Breakthroughs Index SM (PMBI), a modified cap-weighted index consisting of small-cap and mid-cap pharmaceutical and biotechnology stocks listed on U.S. stock exchanges that have one or more drugs in either Phase II or Phase III U.S. FDA clinical trials. view more
Source: Business Wire
S&P Dow Jones Indices-Latin America Index Dashboard
December 31, 2014--Latin American equities ended 2014 in the red across the board. The S&P Latin America BMI and the S&P MILA Andean 40 declined 13% and 14%, respectively.
Colombia and Brazil were the weakest performers, down 17% and 15% on the year, respectively. Technology was the only sector of the S&P Latin America BMI that did not end the year in negative territory (up 9%), while Energy was the weakest performer, declining 39% in 2014.
U.S. equities outperformed every other developed market in 2014 with a third straight year of double digit gains.
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Source: S&P Dow Jones Indices
