Americas ETP News
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S&P Dow Jones Indices-U.S. Index Dashboard-November 2014
November 28, 2014--Both the S&P 500(R) and the Dow Jones Industrial AverageTM closed November up 3%. Volatility continued to decline from its mid-October peak, as the S&P 500 VIX Short-Term Futures Index fell by 9%.
The S&P MidCap 400(R) also ended the month in positive territory, gaining 3%, while the S&P SmallCap 600(R) declined slightly. Both mid- and small-caps lag well behind the S&P 500 on a calendar-year basis.
Consumer Staples led among the 10 sectors of the S&P 500 in November, gaining 5%. Energy was the worst-performing sector, declining 8% and continuing its recent slide.
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Source: S&P Dow Jones Indices
Horizons ETFs announces closure of ETF
November 28, 2014--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating the Horizons Active S&P/TSX 60TM Index Covered Call ETF (the "ETF") effective at the close of business on Friday, February 6, 2015 (the "Termination Date").
The classes of the ETF being terminated are as follows:
Horizons Active S&P/TSX 60(TM) Covered Call Index
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Source: MarketWatch
ETFGI's research finds assets invested in ETFs/ETPs listed in the United States reached a new record high of 1.92 trillion US dollars at the end of October 2014
November 10, 2014--ETFGI's research finds assets invested in ETFs/ETPs listed in the United States reached a new record high of 1.92 Tn US dollars at the end of October 2014.
In October 2014 ETFs/ETPs listed in the United States gathered net inflows of US$26.1 Bn, and year-to-date in the first 10 months of the year gathered net inflows of US$150.9 Bn.
At the end of October 2014 the US ETF industry had 1,651 ETFs/ETPs, assets of US$1.92 Tn, from 69 providers listed on 3 exchanges, according to preliminary data from ETFGI’s end October 2014 Global ETF and ETP industry insights report.
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Source: ETFGI
US financial advisers resist regulators on pensions rule
November 26, 2014--US financial advisers and investment providers are battling consumer protection rules they
say could disrupt the way more than $6.5tn of...
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Source: SEC.gov
Canada: Concluding Statement of the 2014 Article IV Mission
November 26, 2014--The Canadian economy performed relatively well over the past year. An awaited pick-up in exports has lifted activity, but rebalancing of growth away from household consumption and residential investment remains incomplete, owing to tentative business investment.
Going forward, external demand from stronger U.S. growth should support above-potential growth and a broadening recovery. Although key domestic vulnerabilities in the housing market and the household sector can interact with adverse external shocks to harm growth, risks appear contained from a financial stability perspective. An appropriate mix of policies should facilitate domestic rebalancing and mitigate key risks to ensure a durable recovery.
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Source: IMF
CFTC.gov Swaps Report Update
November 26, 2014--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
2 New First Trust ETFs Hit $1 Billion In Assets
November 26, 2014--Those that follow the ETF industry are keenly aware of the funds that are attracting assets as a result of their unique value proposition, low cost, or enhanced distribution channels.
One company that continues to show significant growth through these methods is First Trust Portfolios L.P., which is known for their expanding suite of fundamental and tactical ETFs.
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Source: marketwatch.com
OFR Working paper-Effects of Limit Order Book Information Level on Market Stability Metrics
November 25, 2014--Abstract
Using an agent-based model of the limit order book, we explore how the levels of information available to participants, exchanges, and regulators can be used to improve our understanding of the stability and resiliency of a market.
Ultimately, we want to know if electronic market data contains previously undetected information that could allow us to better assess market stability.
Using data produced in the controlled environment of an agent-based model's limit order book, we examine various resiliency indicators to determine their predictive capabilities. Most of the types of data created have traditionally been available either publicly or on a restricted basis to regulators and exchanges, but other types have never been collected.
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Source: OFR (Office of Financial Research)
Direxion Investments Announces Reverse Share Splits of Two Leveraged ETFs
November 25, 2014--Direxion Investments, an ally for both strategic and tactical investors seeking to solve for better investment outcomes, has announced it will execute reverse share splits for two of its leveraged exchange-traded funds ("ETFs").
The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
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Source: Direxion Investments
Russell Sets Orderly Schedule to Close the Russell Equity ETF (ONEF)
November 25, 2014--Russell Investments announced today that the Board of Trustees of Russell Exchange Traded Funds Trust authorized the orderly termination and liquidation of the Russell Equity ETF (ONEF) on or before February 6, 2015.
The Fund will be closed to new investment on January 26, 2015. NYSE Arca, Inc. will suspend trading in the Fund before the open of trading on January 27, 2015. Full liquidation of the Fund is intended to be completed by February 6, 2015.
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Source: Russell Investments
