Americas ETP News
If your looking for specific news, using the search function will narrow down the results
CBO-Report on the Troubled Asset Relief Program-June 2017
June 23, 2017--CBO estimates that the net cost of the TARP will total $33 billion-$3 billion higher than the agency's March 2016 estimate because of an increase in projected disbursements for mortgage programs.
In October 2008, the Emergency Economic Stabilization Act of 2008 (Division A of Public Law 110-343) established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of "troubled assets."
view more
Source: Congressional Budget Office (CBO)
AdvisorShares-Active ETF Report-May 2017
June 23, 2017--In May, assets in actively managed ETFs increased by $2.06 billion, or 5.8%, to $35.8 billion. Active ETFs realized a net gain of two new funds last month, which brought their overall total to 170.
view more
Source: AdvisorShares
When MSCI and S&P Rule the World
June 23, 2017--With index funds poised to dominate investing, will index makers leave Snap (and maybe even Facebook) out in the cold?
Sometime in the next four to seven years, passive investment vehicles will come to constitute more than 50 percent of assets under management in the U.S., analysts at Moody's Investors Service predicted in February.
view more
Source: Bloomberg
Harvest Portfolios Group Inc. Announces Completion of ETF Conversion and Initial Listing of US Dollar Class of Tech Achievers Growth & Income ETF
June 22, 2017--Tech Achievers Growth & Income Fund (TSX:HTA.UN) (the "Fund") announces that, pursuant to a final prospectus dated June 14, 2017 filed with the securities regulatory authorities in all of the Canadian provinces and territories in connection with the conversion of the Fund from a closed-end fund to an exchange traded fund,
the Fund has completed its conversion of Class A Units of the Fund into Class A Units of an exchange-traded fund and will commence trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbol: HTA:TSX.
view more
Source: Harvest Portfolios Group Inc.
VictoryShares Launches Minimum Volatility ETF
June 22, 2017--New ETF Aims to Lower Volatility Using an Innovative Multi-Factor Approach
Victory Capital today announced that it has launched the VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV), which began trading on the Nasdaq Stock Market® on June 22, 2017. The new ETF seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index (NQVMVUS), which Victory Capital developed in partnership with Nasdaq.
view more
Source: Victory Capital
Focus on fiduciary standard puts adviser negligence in spotlight
June 22, 2017--SEC highlights how some professionals face greater scrutiny than others.
view more
Source: FT.com
First Trust Launches the First Trust California Municipal High Income ETF
June 21, 2017--An actively managed ETF that seeks to provide federal and California tax-exempt income
First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched a new actively managed ETF, the First Trust California Municipal High Income ETF (NASDAQ: FCAL) (the "fund"). The fund seeks to provide income that is exempt from regular federal income taxes and California state income taxes with long-term capital appreciation as a secondary objective.
view more
Source: First Trust
Columbia Core Bond ETF, Columbia Intermediate Municipal Bond ETF, Columbia Emerging Markets Core ETF and Columbia EM Strategic Opportunities ETF to Close and Liquidate
June 21, 2017--Columbia Core Bond ETF (NYSE Arca: GMTB), Columbia Intermediate Municipal Bond ETF (NYSE Arca: GMMB), Columbia Emerging Markets Core ETF (NYSE Arca: EMCR) and Columbia EM Strategic Opportunities ETF (NYSE Arca: EMDD) today announced that each will be closed, and their respective assets will be liquidated to shareholders on or about July 28, 2017.
view more
Source: Columbia Management Investment Advisers, LLC
Guggenheim Takes Core Multi-Factor Strategies to the Next Level with Launch of Multi-Factor Large-Cap ETF (GMFL)
June 20, 2017--Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the addition of Guggenheim Multi-Factor Large-Cap ETF (GMFL) to its line of innovative investment strategies.
Guggenheim Multi-Factor Large-Cap ETF seeks to track the performance of the Guggenheim Multi-Factor Large-Cap Index, designed to identify attractive companies with strong performance potential via a multi-factor approach. The index is comprised of a focused basket of approximately 50 stocks selected from the S&P 500(R) Index.
view more
Source: Guggenheim Investments
Swank Capital and Cushing(R) Asset Management Announce Launch of ETN Tracking The Cushing(R)30 MLP Index
June 19, 2017--Swank Capital, LLC, and Cushing(R) Asset Management, LP, announce today that JPMorgan Chase Financial Company LLC (JPMCFC) has launched an Exchange Traded Note (ETN) listed on NYSE Arca under the ticker symbol PPLN that is designed to track the performance of The Cushing(R) 30 MLP Index.
The ETNs are named the J.P. Morgan Cushing(R) 30 MLP Index ETNs and are due in 2037.
A< href="http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-launch-of-etn-tracking-the-cushing-30-mlp-index-300475770.html" TARGET="_blank">view more
Source: Cushing Asset Management, LP
