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WisdomTree Launches Industry's First U.S. SmallCap Dividend Growth Fund (DGRS)
New exposure to small-cap dividend growth leaders who may be well positioned for rising interest rates, improving U.S. economy
July 25, 2013--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of the WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS) on the NASDAQ Stock Market.
DGRS is designed to provide exposure to small-cap dividend-paying stocks with growth characteristics and has an expense ratio of 0.38%.
Jeremy Schwartz, WisdomTree Director of Research, said, "WisdomTree’s family of dividend growth ETFs offer a unique, forward-looking dividend growth methodology. A number of dividend growth indexes focus on backward-looking dividend-screening criteria that we believe exclude many dividend initiators and fast-growers that are often found in the small-cap arena. DGRS is the first, and only, strategy focusing on the U.S. market’s small-cap dividend growth leaders, a segment we believe offers some of the most attractive dividend growth opportunities."
view more SIFMA Releases Mid-Year 2013 Economic Forecast view the SIFMA Mid-Year 2013 Economic Outlook PowerShares DWA SmallCap Technical Leaders Portfolio Passes One-Year Mark Since inception, the PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) has outperformed the Russell 2000 Index market-cap weighted benchmark by a margin of 9.44%. For the one-year period ending July 19, 2013, DWAS achieved a total return of 41.84% based on NAV, outperforming the Russell 2000 Index which had a total return of 32.40% during the same period. (Note: total return figures include all dividends).1
view more Direxion Announces Forward, Reverse Splits on 9 ETFs Reverse Splits view more UBS's Susi to Join KCG in August view more OSC Announces Investment Funds Product Advisory Committee Members for 2013-2015 view more
Krane Funds Advisors Launches China Five-Year Plan ETF KraneShares CSI China Five-Year Plan ETF offers a unique strategy for gaining exposure to China. Every five years China announces its fiscal and domestic spending plan for targeted growth industries. The fund’s underlying index, the CSI Overseas China Five-Year Plan Index, focuses on companies in the targeted sectors of China’s 12th Five-Year Plan, including technology, domestic consumption, clean energy, industrial and healthcare. In contrast, other China benchmarks tend to be dominated by financial, energy, and telecom sectors and by large, state-owned enterprises. view more Nasdaq Cancels Trades in Five VIX Securities After Late Swings view more U.S. court rejects appeal over leveraged funds' volatility view more/a> DB-Synthetic Equity & Index Strategy-North America-US ETF Market Weekly Review-Equity dominated the weekly flows with +$11.4bn in new cash
The total US ETP flows from all products registered $11.6bn (+0.8% of AUM) of inflows during last week vs. $16.8bn (+1.1%) of inflows the previous week, setting the YTD weekly flows average at +$3.6bn (+$105.7bn YTD in total cash flows).
Equity, Fixed Income and Commodity ETPs experienced flows of +$11.4bn (+1.0%), +$0.6bn (+0.2%) and -$0.3bn (-0.5%) last week vs. +$17.5bn (+1.5%), -$0.4bn (-0.2%) and -$0.6bn (-0.8%) in the previous week, respectively.
Among US sectors, Utilities (+$0.5bn, +5.9%) and Financials (+$0.5bn, +1.0%) received the top inflows, while Materials (-$0.2bn, -2.2%) and Consumer Staples (-$0.2bn, -1.5%) experienced the largest outflows.
Top 3 ETPs & ETNs by inflows: SPY (+$5.1bn), QQQ (+$1.5bn), HYG (+$0.8bn)
Top 3 ETPs & ETNs by outflows: DIA (-$0.5bn), USMV (-$0.4bn), TLT (-$0.3bn)
New Launch Calendar: target-maturity, factors and short strategies
Turnover Review: Floor activity decreased by 17.2%
Assets under Management (AUM) Review: assets increased by 1.6%
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Source: WisdomTree
July 24, 2013-SIFMA's Economic Advisory Roundtable today released its outlook for the second half of 2013 and predictions for 2014, forecasting that the economy will grow at a rate of 1.7 percent in full-year 2013 and 2.6 percent in 2014.
"Our Roundtable maintains their forecast for moderate economic growth for 2013 and 2014, with upside and downside drivers varied among respondents," said Kyle Brandon, managing director and director of research at SIFMA. "Generally, the continued housing recovery and low energy prices were seen as positive drivers of growth, while external factors such as Europe and emerging markets featured as the downside risks to the economy."
Source: SIFMA
PowerShares Momentum ETF Assets Increase Over 50% in 2013
July 24, 2013--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today celebrates the one-year anniversary of the PowerShares DWA SmallCap Technical Leaders(TM) Portfolio (DWAS).
Listed July 19, 2012, the PowerShares DWA SmallCap Technical Leaders Portfolio is part of the broad suite of DWA Technical Leaders™ ETFs covering US, developed and emerging market segments.
Source: Invesco PowerShares Capital Management LLC
July 24, 2013--Direxion, a leader in alternative investment solutions, has announced it will execute reverse share splits in August for seven of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another two leveraged 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.
Direxion will execute 1-for-4 reverse splits of the shares of the Direxion Daily India Bull 3X Shares (INDL), Direxion Daily Real Estate Bear 3X Shares (DRV),
Source: Direxion
July 23, 2013--KCG Holdings, the newly formed group of Knight Capital and Getco, has landed another top equities professional, Charles Susi.
Susi will be joining in mid-August, a KCG spokesperson confirmed. He will head up product development for the firm's client execution services group and will focus on strategy, design and implementation of new products. This is a new and senior role. Susi will report to Greg Tusar and Albert Maasland, co-heads of global execution services at KCG.
Source: Traders Magazine
July 23, 2013--The Ontario Securities Commission (OSC) announced today the membership of the Investment Funds Product Advisory Committee (IFPAC) for the 2013-2015 term.
In an environment of rapid product growth and increasingly complex investment fund products, OSC staff recognize the unique perspective market participants may have in identifying and anticipating market and product trends. The IFPAC will continue to advise OSC staff on emerging product developments and innovations occurring in the investment fund industry. The committee will discuss the impact of these developments, as well as emerging issues.
Source: OSC
KraneShares CSI China Five-Year Plan ETF offers investors a unique strategy for gaining exposure to China
July 23, 2013--Krane Funds Advisors LLC, a provider of China-focused Exchange Traded Funds (ETFs), today announced the launch on the New York Stock Exchange of KraneShares CSI China Five-Year Plan ETF (NYSE ticker: KFYP), a new ETF that provides exposure to the focus industries highlighted in China's 12th Five Year Plan.
Unique Strategy
Source: KraneShares
July 22, 2013--Nasdaq OMX Group Inc. (NDAQ) is canceling trades involving five exchange-traded securities tracking equity volatility from after today's market close.
The notes and funds are linked to the Chicago Board Options Exchange Volatility Index, or VIX (VIX), which measures options on the Standard & Poor’s 500 Index. Trades executed between 4:15 p.m. and 4:16 p.m. more than 10 percent away from the market price will be voided, said Nasdaq.
Source: Bloomberg
Lawsuit brought by investors in 44 ProShares ETFs
2nd Circuit finds risks properly disclosed
July 22, 2013--July 22, 2013--In a decision that reminds investors about the potential dangers of leverage, a federal appeals court on Monday rejected a lawsuit challenging how risks were disclosed by a group of exchange-traded funds that aimed to magnify market movements.
The 2nd U.S. Circuit Court of Appeals said ProShares Advisors LLC was not liable to investors who claimed they were misled about the risks of holding on to 44 of its leveraged ETFs for more than one day.
Source: Reuters
July 22, 2013--Data in this report is as of Fri, July 19th
Market and Net Cash Flows Review
Markets moved higher during last week. The US (S&P 500) increased by 0.71%; while, outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) rose by 1.31% and 0.62%, respectively.
Moving on to other asset classes, the 10Y US Treasury Yield dropped by 11 bps last week; meanwhile the DB Liquid Commodity Index was up by 0.21%. Similarly, the Agriculture sector (DB Diversified Agriculture Index), the WTI Crude Oil and Gold prices advanced by 1.09%,1.98% and 0.81%, respectively; while Silver prices retreated by 2.13%. Last but not least, Volatility (VIX) dropped by 9.39% during the same period.
There were four new ETFs listed during the previous week on the NYSE Arca. Guggenheim added two new target-maturity IG Corporate bond ETFs with maturities in 2021 (BSCL) and 2022 (BSCM); Meanwhile, BlackRock launched QUAL, which offers exposure to US equity based on fundamental factors; Last but not least, AdvisorShares launched an active fund (HDGI) which seeks capital appreciation through short sales of international equity securities.
US ETP assets rose by $23.9bn (+1.6%) totaling $1.515 trillion at the end of the week. As of last Friday, US ETPs had accumulated an asset growth of 13.6% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved +$21.4bn, +$2.3bn, +$0.3bn during last week, respectively.
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
