Americas ETP News
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J.P. Morgan launching its first exchange-traded fund
June 19, 2014--J.P. Morgan Chase & Co (JPM.N) is launching its first exchange-traded fund on Tuesday as the Wall Street bank's asset management business makes its debut in the $1.8 trillion U.S. exchange-traded fund arena.
The JPMorgan Diversified Return Global Equity ETF (JPGE.P) is set to start trading Tuesday on the NYSE Arca under the ticker "JPGE." The launch brings J.P. Morgan Asset Management, a long-time mutual fund provider, into a fast-growing ETF market dominated by asset managers including BlackRock Inc (BLK.N), State Street Corp (STT.N) and Vanguard Group.
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Source: Reuters
UPDATE 2-U.S.-based stock funds attract $5.3 bln over week-Lipper
June 19, 2014--Investors in U.S.-based funds committed $5.3 billion to stock funds in the week ended June 18
after adding $10 billion to the funds the prior week, data from
Thomson Reuters' Lipper service showed on Thursday.
Stock mutual funds attracted $126 million in new cash, while
stock exchange-traded funds added $5.2 billion. Stock mutual
funds are commonly purchased by retail investors, while stock
ETFs are thought to represent the institutional investor.
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Source: Reuters
SEC holds up Eaton Vance's non-transparent ETF plans
June 19, 2014--The US market regulator has hit pause on the approval process for Eaton Vance's non-transparent active exchange traded products, saying it needs more time to consider the education and market challenges of the novel structure.
The Securities and Exchange Commission has instituted so-called formal proceedings on the request to allow Nasdaq to list the...
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Source: FT.com
Niemann Capital Management to Provide Trade Signals to United Capital for ETF Managed Portfolios
June 19, 2014--Niemann Capital Management, an ETF Managed Strategist that invests in opportunities around the world for high-net-worth investors and institutions, was recently hired by United Capital to provide ETF trade signals.
United Capital is a premier wealth management firm with approximately $10 billion in assets under management and offices across the nation.
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Source: Niemann Capital Management
CBO's Projections of GDP Per Capita
June 18, 2014--After CBO participates in Congressional hearings, the Members of the Committees before which we have testified often send us questions that they did not have time to ask during the hearings themselves.
Our answers to such "questions for the record" are ultimately included in the reported proceedings for those hearings.
Today's post will focus on a question about CBO's projections of real gross domestic product (GDP) per capita.
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Source: Congressional Budget Office (CBO)
J.P. Morgan launching its first exchange-traded fund
June 17, 2014--J.P. Morgan Chase & Co (JPM.N) is launching its first exchange-traded fund on Tuesday as the Wall Street bank's asset management business makes its debut in the $1.8 trillion U.S. exchange-traded fund arena.
The JPMorgan Diversified Return Global Equity ETF (JPGE.P) is set to start trading Tuesday on the NYSE Arca under the ticker "JPGE." The launch brings J.P. Morgan Asset Management,m a long-time mutual fund provider, into a fast-growing ETF market dominated by asset managers including BlackRock Inc (BLK.N), State Street Corp (STT.N) and Vanguard Group.
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Source: Reuters
2014 Article IV Consultation with the United States of America Concluding Statement of the IMF Mission
June 16, 2014--The 2014 U.S. Article IV highlighted five broad themes to both strengthen the recovery and improve the long-term outlook: raising productivity growth and labor participation, confronting poverty, keeping public debt on a sustained downward path, managing the exit from zero policy rates, and securing a safer financial system.
To achieve these goals and fortify the country's economic future the policy focus should be to undertake more proactive labor market policies that lower long-term unemployment and raise participation; increase the minimum wage while strengthening the Earned Income Tax Credit; invest in infrastructure; improve the tax structure and raise revenues; fundamentally reform social security; and lower the growth of health care costs.
1.Near-term growth and jobs. In the early part of this year, as a harsh winter conspired with other factors (including inventory drawdown, a still-struggling housing market, and slower external demand), momentum faded in the U.S economy. Recent data, however, suggest a meaningful rebound in activity is now underway and growth for the remainder of this year and 2015 should well exceed potential.
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Source: IMF
Alamo Capital Launches New Online Trading Website: ACAP Trading
June 16, 2014--Alamo Capital announced on Monday, June 16, 2014, the launch of their new website for their online investment trading division, ACAP Trading. ACAP Trading will be home to two dynamic platforms for trading stocks and bonds online.
Users will have the ability to trade equities, ETFs, mutual funds, and options (with an options agreement +$0.80 per contract) at $6.70 per trade. ACAP Trading's bond platform, BOLTS (Bond On-Line Trading System), will give users the ability to comparison shop and search for bonds: municipals, agencies, corporates, strips & zero coupons, treasuries and CDs.
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Source: Reuters
U.S. recovery could be strengthened by key reforms, OECD says
June 13, 2014--Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD's latest Economic Survey of the United States.
The U.S. recovery has spread across a wide array of sectors. Most banks have generally returned to health, housing prices are rising and unemployment has fallen. That said, growth could be bolstered by new reforms of taxes, education, training, immigration and working conditions-all of which could improve the economic prospects of middle-class families.
view the OECD Overview of the 2014 Economic Survey of the United States
Source: OECD
Assessment of Basel III capital regulations in Canada concluded by the Basel Committee
June 13, 2014--The Basel Committee on Banking Supervision has today published a report assessing Canada's implementation of the Basel capital framework.
Overall, Canada's implementation was found to be "compliant" with the standards prescribed under the Basel framework. Thirteen of the 14 components assessed were graded as "compliant", while one component-the definition of capital -was assessed as being "largely compliant" with the Basel standards.
view the
Assessment of Basel III regulations- Canada (June 2014) report
Source: BIS
