Americas ETP News
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ProShares Launches First "Pure-Play" Infrastructure ETF
March 27, 2014--ProShares, a premier provider of alternative exchange traded funds, today announced the launch of the ProShares DJ Brookfield Global Infrastructure ETF (TOLZ), the first ETF providing "pure-play" exposure to infrastructure.
"Infrastructure investment has become attractive because of growing global demand, increasing opportunities for private sector investment, and high barriers to entry that limit competition," said Michael Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to offer the first ETF that invests exclusively in companies whose primary business is the ownership and operation of infrastructure."
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Source: ProShares
NYSE ARCA-1 ETF Launch: ALPS
March 26, 2014--NYSE Euronext is pleased to announce that on Friday, March 28, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: ALPS Emerging Sector Dividend Dogs ETF
CUSIP: 00162Q 66 8
Trading Symbol: EDOG
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Source: NYSE ARCA
ETF start-up AccuShares plots a contango bypass
March 26, 2014--A start-up US exchange traded fund provider is proposing a novel suite of spot commodities trackers designed to overcome the tracking difficulties that have plagued such ETFs in the past.
The seven AccuShares Investment Management ETFs, described in a registration statement last week, would follow S&P GSCI indices of agriculture, metals, crude and Brent oil, natural gas and volatility, as well as the S&P GSCI itself.
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Source: FT.com
NYSE Arca- 1 New Listing-ProShares
March 25, 2014--NYSE Euronext is pleased to announce that on Thursday, March 27, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: ProShares DJ Brookfield Global Infrastructure ETF
CUSIP: 74347B508
Trading Symbol: TOLZ
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Source: NYSE ARCA
SEC Set to Alter Stance on Money Funds
'Retail' Funds Could Maintain Stable $1 Share Prices Instead of Floating in Value
March 25, 2014--U.S. securities regulators, under pressure from the asset-management industry, are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency's discussions.
The Securities and Exchange Commission, poised to implement structural changes to money funds in coming months, is expected to broaden an exemption for mom-and-pop retail investors from requirements that certain money funds abandon their signature $1 share price and float in value like other mutual funds, these people said.
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Source: Wall Street Journal
ETF giant BlackRock slashes fees on its core funds
March 25, 2014---Canada's largest exchange-traded fund provider, BlackRock Inc, is cutting management fees on a group of its investment products to cater to Canada's fee-conscious investors.
The "Core Series" of ETFs, offered through BlackRock's iShares brand, is made up of nine funds that cater to investors who want to buy and hold. These funds cover what iShares deems the "key asset classes" that many investors target to form the base of their portfolios- from Canadian equity and bond funds, to U.S.-focused funds, to international and emerging market offerings. Investors can diversify at a low cost.
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Source: Globe and Mail
ETF giant BlackRock slashes fees on its core funds
March 25, 2014--Canada's largest exchange-traded fund provider, BlackRock Inc., is cutting management fees on a group of its investment products to cater to Canada's fee-conscious investors.
The "Core Series" of ETFs, offered through BlackRock's iShares brand, is made up of nine funds that cater to investors who want to buy and hold. These funds cover what iShares deems the "key asset classes' that many investors target to form the base of their portfolios - from Canadian equity and bond funds, to U.S.-focused funds, to international and emerging market offerings. Investors can diversify at a low cost.
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Source: Globe and Mail
The Canadian ETF Association Adds Eight Portfolio Manager Members
ETF Industry Association Bolsters Its Ranks with Some of Canada's Top ETF Investors
March 25, 2014--The Canadian ETF Association ("CETFA") is pleased to announce that eight portfolio managers have joined the association as Portfolio Manager Members.
The Portfolio Manager category of membership is reserved for a group of elite Canadian portfolio managers, who place a heavy emphasis on Exchange Traded Fund (ETF) investing.
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Source: Canadian ETF Association
Pimco Chases BlackRock in ETFs as Money Returns to Bonds
March 25, 2014--Pacific Investment Management Co., the envy of the bond world when it tripled assets following the financial crisis, is finding itself in an unusual role: Playing catch up to competitors in the growing market for exchange-traded funds.
As ETFs receive an increasing share of money going into bond funds, Pimco is adding strategies, with 19 new funds announced in January.
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Source: Bloomberg
SEC mistaken to assume ETNs are retail products, say critics
March 25, 2014--The SEC's Office of Capital Markets Trends finally made good on its promise to write to banks over concerns about exchange-traded notes in February, but some say asking them to tailor disclosure to retail investors shows a fundamental misunderstanding of this $22 billion market. Yakob Peterseil reports
The US Securities and Exchange Commission (SEC) finally broke its silence on exchange-traded notes (ETNs) in February, telling banks in confidential letters that they need to make their disclosure about these securities more intelligible to retail investors. Behind the scenes, banks and their lawyers are already whispering that this latest guidance from the Office of Capital Markets Trends is likely to have little impact on the industry.
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Source: Risknet.com
