Americas ETP News
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Biggest crop ETF on track for best year since 2009
June 23, 2016--The largest exchange-traded fund linked to crop prices is again absorbing money after years of outflows, in a sign investors are warily returning to commodities markets.
PowerShares DB Agriculture, an $891m fund tracking food commodities from wheat to sugar, has received net inflows of $162m in the year 2016 to date.
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Source: FT.com
Direxion Changes FTSE Indexes for Two ETFs
June 23, 2016--Direxion is changing the benchmark indices of two leveraged exchange-traded funds (ETFs).
The modifications will take effect on or about August 22, 2016.
IMF-Article IV Consultation with the United States of America: Concluding Statement of the IMF Mission
June 22, 2016--The United States economy is, overall, in good shape. A total of 2.4 million new jobs were created over the past year and unemployment has fallen to 4.7 percent, its lowest level since the eve of the "Great Recession."
Inflation remains contained, and the U.S. economy has repeatedly demonstrated its resilience in the face of financial market volatility, a strengthening dollar, and subdued global demand.
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Source: IMF
Rafferty Asset Management Closing Inverse Equity ETF
June 21, 2016--The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily Total Market Bear 1X Shares (TOTS) ("the Fund") based on the recommendation of Rafferty Asset Management, LLC, the Trust's advisor.
Due to the Fund's inability to attract sufficient investment assets, Rafferty believes they cannot continue to conduct their business and operations in an economically efficient manner. As a result, the Board concluded that liquidating and closing the Fund would be in the best interest of the Fund and its shareholders.
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Source: Direxion
Financial Stability Oversight Council Releases Sixth Annual Report
June 21, 2016--The Financial Stability Oversight Council (Council) today unanimously approved its 2016 annual report, which was developed collaboratively by the members of the Council and their agencies and staffs.
The Council reports annually to Congress on a range of issues, including significant financial market and regulatory developments, potential emerging threats to the financial stability of the United States, and the activities of the Council. The report
also makes recommendations to promote market discipline; maintain investor confidence; and enhance the integrity, efficiency, competitiveness, and stability of U.S. financial markets.
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Source: www.treasury.gov
Mackenzie Investments partners with Paris-based asset management firm TOBAM to launch innovative Smart Beta ETFs
June 21, 2016--Mackenzie Financial Corporation (Mackenzie Investments) announced today the launch of two smart beta index Exchange Traded Funds (ETFs) designed to offer investors a more diversified portfolio to reduce portfolio biases.
Mackenzie Investments has partnered with TOBAM, a global award-winning asset manager and index provider to some of the world's largest pension funds, to utilize their investment process in the new ETFs.
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Source: Mackenzie Investments
VanEck Lowers Expense Ratio for VanEck VectorsTM Fallen Angel High Yield Bond ETF (ANGL)
June 20, 2016--VanEck is lowering the expense ratio for its VanEck Vectors Fallen Angel High Yield Bond ETF (NYSE Arca:ANGL), it was announced today.
As of June 20, 2016, the expense cap for ANGL will be reduced from 0.40% to 0.35%.
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Source: VanEck
VanEck Lowers Expense Ratio for VanEck VectorsTM Fallen Angel High Yield Bond ETF (ANGL)
June 20, 2016--VanEck is lowering the expense ratio for its VanEck Vectors Fallen Angel High Yield Bond ETF (NYSE Arca:ANGL), it was announced today.
As of June 20, 2016, the expense cap for ANGL will be reduced from 0.40% to 0.35%.
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Source: VanEck
USCF Announces Collaboration On Canadian Crude Oil ETF With Auspice Capital Advisors, Ltd.
June 17, 2016--USCF today announced it has signed an agreement with Auspice Capital Advisors, Ltd. (Auspice), a Canadian based alternatives fund manager to develop an exchange-traded product providing exposure to Canadian crude oil.
The new exchange-traded products will seek to track, in percentage terms, the price movements of the Canadian Crude Excess Return Index (CCIER), which was created by Auspice to mirror the returns investors would receive if they held an approximately 3-month rolling fixed price position in the nearby Western Canadian Select futures contracts, including rolling and rebalancing.
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Source: USCF
VanEck Announces Reverse Share Split of Vaneck VectorsTM High Income MLP ETF
June 17, 2016--VanEck announced today that the Board of Trustees of VanEck Vectors ETF Trust has approved a 1-for-5 reverse split of the shares of VanEck Vectors High Income MLP ETF (NYSE Arca:YMLP) (the "Fund").
The effective date of the split will be at market open on June 29, 2016.
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Source: VanEck
