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CFTC.gov Commitments of Traders Reports Update
July 11, 2014--The current reports for the week of July 8, 2014 are now available.
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Source: CFTC.gov
First Bridge Data-US ETF Landscape: Mid-Year Report
July 10, 2014--US ETF Landscape: Mid-Year Report
US ETF assets grew to $1.86T, with 1612 ETPs listed in the US on June 30th.
This mid--year report looks at the year's 100 new launches, the best performers this year and the asset mix for the largest ETF sponsors.
Money Management Executive: Expert View In this article in MME, our founder examines the marketing & product development mindset that ETF sponsors need to grow their market share.
view the report
Source:First Bridge Data
Chicago Fed Calls for Curbs on High-Frequency Trading
June 10, 2014--The Federal Reserve Bank of Chicago entered the debate over whether financial markets are fair, proposing limits on high-frequency trading firms and incentives to bring more buying and selling into public view.
Recommendations in a working paper published yesterday include breaking up the trading session into a series of half-second periods, a snail's pace in an era of microsecond trading.
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Source: Bloomberg
Minutes Of The Federal Open Market Committee, June 17-18, 2014
July 10, 2014--Developments in Financial Markets and the Federal Reserve's Balance Sheet
In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the deputy manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets.
The SOMA manager reported on the System open market operations during the period since the Committee met on April 29-30, 2014, outlined the testing of the Term Deposit Facility, described the results from the fixed-rate overnight reverse repurchase agreement (ON RRP) operational exercise, and provided some possible options for adjusting the list of counterparties eligible to participate in ON RRP operations.
view the Minutes Of The Federal Open Market Committee, June 17-18, 2014
Soure: federalreserve.gov
Barclays Offers ETN Wagering on Corporates With Female Leaders
July 9, 2014--Barclays Plc (BARC), the U.K.'s second--largest bank by assets, is selling an exchange-traded note tied to public companies with female executives, betting on demand for products that promote women in leadership.
The ETN tracks an index created by the London-based bank that follows the performance of U.S. firms with a female chief executive officer or a board of directors that's at least 25 percent women, said Sue Meirs, Barclays' chief operating officer for equity and funds structured-market sales. The Women in Leadership ETN will begin trading tomorrow.
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Source: Bloomberg
Blackstone Alternative Asset Management and Legg Mason Choose State Street to Service Liquid Alternative Funds
As Liquid Alternatives Grow in Popularity, Product Innovation Must be Matched by Education
July 9, 2014--State Street Corporation (NYSE: STT) today announced that it has been selected by Blackstone Alternative Asset Management (BAAM) and Legg Mason for liquid alternatives fund servicing. Liquid alternatives refer to alternative investment strategies that are available through investment vehicles such as mutual funds, ETFs or closed-end funds that provide daily, weekly or biweekly liquidity.
In the US, liquid alternatives commonly take the form of Securities and Exchange Commission registered investment companies, often referred to as 40 Act funds. State Street offers reporting, compliance, accounting, custody, settlement and analytics services to liquid alternative fund managers and also services 14 of the top 25 liquid alternatives funds1.
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Source: State Street Corporation
NASDAQ OMX Lists AdvisorShares Sunrise Global Multi-Strategy ETF (Symbol: MULT)
Alternative Multi-Strategy Actively Managed ETF to Begin Trading on July 9, 2014
July 8, 2014--NASDAQ OMX today announced that AdvisorShares, Bethesda, MD.-based sponsor of actively managed exchange traded funds (ETFs) will launch a new ETF on Wednesday, July 9, 2014.
AdvisorShares Sunrise Multi-Strategy ETF (Symbol:MULT) will list on The NASDAQ Stock MarketĀ® (NASDAQ(R)).
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Source: NASDAQ OMX
CBO-Monthly Budget Review for June 2014
July 8, 2014--The federal government ran a budget deficit of $366 billion for the first nine months of fiscal year 2014, CBO estimates-$144 billion less than the shortfall recorded over the same span last year.
Through the end of June, revenues were about 8 percent higher and outlays were about 1 percent higher than they were at the same point last year.
Total Receipts: Up by 8 Percent in the First Nine Months of Fiscal Year 2014
Receipts for the first nine months of fiscal year 2014 totaled $2,259 billion, CBO estimates-$172 billion more than receipts in the same period last year.
view the CBO-Monthly Budget Review for June 2014
Source: Congressional Budget Office (CBO)
Vanguard launches five new ETFs on TSX
July 8, 2014--Vanguard Investments Canada Inc. announced today that five new Canada-domiciled exchange-traded funds (Vanguard ETFs(TM)) will begin trading this morning on Toronto Stock Exchange (TSX). The three equity and two bond ETFs bring to 21 the number of ETFs offered by the firm.
Vanguard FTSE All-World ex Canada Index ETF, Vanguard FTSE Developed Asia Pacific Index ETF, Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged) and Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged), each offer first-of-a-kind market exposures among Canada-domiciled ETFs.
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Source: Vanguard Investments Canada Inc.
Invesco PowerShares Announces Changes for Municipal Bond ETFs
July 8, 2014--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced that the Fund name, underlying index, investment objective, certain fundamental and non-fundamental investment policies and principal investment strategies changed for its three PowerShares Municipal Bond ETFs.
Effective July 8, 2014, the PowerShares Insured National Municipal Bond Portfolio (PZA) will track the BofA ML National Long-Term Core Plus Municipal Securities Index (UNAP), the PowerShares Insured New York Municipal Bond Portfolio (PZT) will track the BofA ML New York Long-Term Core Plus Municipal Securities Index (UNYP) and the PowerShares Insured California Municipal Bond Portfolio (PWZ) will track the BofA ML California Long-Term Core Plus Municipal Securities Index (UCAP).
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Source: Invesco PowerShares