Americas ETP News
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Tech user numbers do not equal profit, warns SEC
November 6, 2013--The top US securities regulator has warned that technology companies with lots of users will not always translate them into large profits, in comments that appeared to be timed to coincide with the eve of Twitter's much-anticipated initial public offering.
Mary Jo White, chair of the Securities and Exchange Commission, questioned whether investors could understand a company's future prospects when they were bamboozled by ...
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Source: FT.com
FlexShares Introduces Global Quality Real Estate Index ETF
ETF Places Emphasis on Stable, Long-Term Capital Growth
November 6, 2013--FlexShares(R) Exchange Traded Funds, sponsored and managed by Northern Trust, today launched the FlexShares Global Quality Real Estate Index Fund (NYSE Arca: GQRE).
The Fund attempts to outperform traditional real estate indices via global exposure to listed, non-mortgage real estate investment trusts and operating companies that emphasize stable, long-term capital growth at an attractive price.
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Source: FlexShares
BMO Wealth Institute Special Report: Using Exchange-Traded Funds to Grow Retirement Savings
Only one--fifth of Canadian investors are knowledgeable about ETFs-However, sixty per cent would add ETFs to their portfolio after learning about their benefits
November 6, 2013--According to a special report issued today by the BMO Wealth Institute, more investors are considering exchange traded funds (ETFs) when determining what investments to include in a retirement savings portfolio.
While the report notes that the demand for ETFs is growing worldwide, they remain one of the least understood investment vehicles among Canadians:
Only 19 per cent of Canadian investors claim to be knowledgeable about ETFs compared to traditional investments such as guaranteed investment certificates (GICs) (58 per cent) and mutual funds (55 per cent).
However, once told about the benefits of ETFs, 60 per cent report that they would add them to their portfolios.
"Exchange traded funds have only been around for the last twenty years so it's understandable that Canadians are still in the process of familiarizing themselves with them," said Chris Buttigieg, Senior Manager, Wealth Planning Strategy, BMO Financial Group. "Due to their many benefits, ETFs are a great fit not only for a portfolio in general, but specifically for accumulating wealth for retirement."
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Source: Yahoo Finance
BlackRock, Fidelity Face Initial Risk Study by Regulators
November 6, 2013--BlackRock Inc. (BLK) and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system, two people with knowledge of the matter said.
The Financial Stability Oversight Council's discussion Oct. 31 and agreement to review New York-based BlackRock and Boston-based Fidelity don’t necessarily mean the companies will be designated systemically important by the council, according to the people, who requested anonymity because the meeting was closed to the public. The panel didn't take any formal action regarding the companies.
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Source: Bloomberg
Few Canadian investors are knowledgeable about ETFs: survey
Majority say they would add ETFs to their portfolios after learning about their benefits
November 6, 2013--
Most Canadians remain unclear about what exchange-traded funds (ETFs) are, according to a report released by the Toronto-based Bank of Montreal (BMO) Wealth Institute on Wednesday.
BMO reports that only 19% of Canadian investors understand ETFs.
Comparatively, 58% of Canadians know about guaranteed investment certificates (GIC) and 55% said they understand mutual funds.
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Source: Investment Executive
Franklin Templeton Investments Launches Actively Managed Franklin Short Duration US Government ETF for US Investors
November 5, 2013--Franklin Templeton Investments today announced the introduction of Franklin Short Duration US Government ETF (the "fund") (NYSE Arca: FTSD). This actively managed ETF seeks a high level of current income and preservation of capital by following a short duration US government portfolio strategy.
The fund is designed for US investors who are income focused while also looking to achieve lower volatility than intermediate and longer duration strategies. It is also designed for investors looking for a portfolio free from corporate credit risk.
"With Franklin Short Duration US Government ETF, we are taking a yield-driven approach and investing where we see the most attractive short-term yield potential across various US government bond sectors, including higher yielding MBS (Mortgage-Backed Securities), ARMS (Adjustable Rate Mortgage Securities) and TIPS (Treasury Inflation-Protected Securities)," said Roger Bayston, CFA(1) , the fund's lead portfolio manager and senior vice president of Franklin Templeton Fixed Income Group.
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Source: Wall Street Journal
U.S. exchange-traded funds moving into Latin American pensions
November 5, 2013--Major U.S. exchange-traded fund companies are enthusiastically marketing their wares to Latin American pension funds, particularly in Chile where investors can allocate up to 80 percent of their pension contributions in foreign investments.
As Latin American countries have privatized pension systems, U.S. ETFs are proving attractive to local fund managers who want to invest more broadly outside the region, diversify risk and find products that carry lower costs than traditional mutual funds.
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Source: Reuters
NYSE Euronext New ETF Listing- Global X Next Emerging & Frontier ETF
November 5, 2013--NYSE Euronext (NYSE:NYX) is pleased to announce that on Thursday, November 07, 2013, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: Global X Next
Emerging & Frontier ETF.
Short Name: GX Emrging/Frontier
CUSIP: 37950E 21 8
Trading Symbol:EMFM
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Source: NYSE Euronext
KraneShares Now Accepting Indications of Interest for MSCI China A Share ETF
KraneShares Bosera MSCI China A Share ETF has Received RQFII Quota from China's State Administration of Foreign Exchange ("SAFE") to Provide Groundbreaking Access to China's Mainland Markets
November 5, 2013--rane Funds Advisors ("KraneShares") today announced that it is accepting indications of interest for the KraneShares Bosera MSCI China A Share ETF (NYSE: KBA).
KBA's prospectus is effective and the ETF will soon launch on the New York Stock Exchange. KraneShares is the first U.S. owned company partnered with a China based fund manager, Bosera Asset Management, to receive investment quota from China's State Administration of Foreign Exchange ("SAFE"), for an RQFII ETF in the United States
KraneShares Bosera MSCI China A Share ETF will provide investors unprecedented direct access to China A share securities listed on the Shanghai and Shenzhen Stock Exchanges. This new ETF is a collaboration between Bosera, one of China's largest asset managers ($32 billion in client assets), KraneShares and MSCI, the gold standard of index providers globally.
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Source: KraneShares
Assets based on RAFI Fundamental Index concept pass $100 billion mark
Smart beta strategy draws interest from large institutions and retail investors
November 5, 2013--Assets invested based on the RAFI(R)Fundamental Index(R)approach have surpassed $100 billion globally. This milestone represents broad acceptance by institutional and retail investors of these smart beta strategies.
"When we developed the Fundamental Index strategy, we knew it was a big new idea. But its growth has exceeded our expectations, and the concept continues to attract interest from the largest institutions to Main Street investors," said Rob Arnott, chairman and chief executive officer of Research Affiliates, LLC.
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Source: Research Affiliates
