Americas ETP News
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VanEck and Ned Davis Research to Offer Tactical Asset Allocation
May 12, 2016--It has been widely recognized in the investment management industry that asset allocation decisions are often more important to investor returns than the value generated by even the best money managers.
Yet the vast majority of exchange-traded funds (ETFs) and mutual funds tend to remain fully invested at all times.
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Source: Van Eck
Columbia Threadneedle Investments to Acquire Emerging Global Advisors
Acquisition will accelerate the company's Smart Beta efforts
May 11, 2016--Columbia Threadneedle Investments today announced an agreement for Columbia Management Investment Advisers, LLC to acquire Emerging Global Advisors, LLC (EGA), a New York-based registered investment adviser and a leading provider of smart beta portfolios focused on emerging markets.
The acquisition will significantly expand the smart beta capabilities of Columbia Threadneedle Investments.
Terms of the EGA acquisition were not disclosed. The transaction is expected to close later this year.
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Source: Columbia Threadneedle Investments:
CBO-The 2016 Budget Outlook
May 11, 2016--In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to CBO’s estimates.
If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.
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Source: Congressional Budget Office (CBO)
New ETF provides long exposure to the Canadian dollar
May 10, 2016--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launch of the Horizons Canadian Dollar Currency ETF ("CAN"), which will provide investors with low cost, long exposure to the Canadian dollar, relative to the U.S. dollar.
Units of the exchange traded fund ("ETF") will begin trading today on the Toronto Stock Exchange ("TSX") in Canadian dollars under the ticker symbol "CAN".
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Source: Horizons ETFs Management ( Canada ) Inc.
IndexIQ Launches First ETFs to Introduce Momentum Investing to Fixed Income Markets
May 10, 2016--IQ Enhanced Core Bond U.S. ETF (AGGE) and IQ Enhanced Core Plus Bond U.S. ETF (AGGP) are first entries by IndexIQ in the fixed income category
IndexIQ, a leading provider of innovative investment solutions, today announced the launch of the first Exchange Traded Funds (ETFs) that introduce a momentum investing approach to fixed income markets: IQ Enhanced Core Bond U.S. ETF (NYSE Arca:AGGE) and IQ Enhanced Core Plus Bond U.S. ETF (NYSE Arca:AGGP).
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Source: IndexIQ
CBO-Monthly Budget Review for April 2016
May 6, 2016--The federal budget deficit was $352 billion for the first seven months of fiscal year 2016, the Congressional Budget Office estimates-$69 billion more than the shortfall recorded in the same span last year.
Outlays were 4 percent higher than they were at this time last year and receipts were 1 percent higher. If not for shifts in the timing of certain payments (which otherwise would have occurred on a weekend), the deficit for the first seven months of fiscal year 2016 would have been $28 billion larger than it was last year.
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Source: Congressional Budget Office (CBO)
Citigroup Announces Early Redemption of its C-Tracks ETN Based on the Citi Volatility Index Total Return
May 6, 2016--Citigroup Inc. announced today that it will early redeem its C-Tracks Exchange-Traded Notes Based on the Citi Volatility Index Total Return (NYSE Arca: CVOL) Due November 12, 2020 on May 24, 2016.
Citigroup expects to deliver notice via The Depository Trust Company of the early redemption of CVOL no later than May 10, 2016. Investors will receive a cash payment per ETN equal to the sum of the index exposure and notional cash amount determined over the Mandatory Redemption Valuation Period.
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Source: Citigroup Inc.
New: First Asset MSCI Canada Quality Index Class ETF (TSX: FQC)
May 4, 2016--First Asset Investment Management Inc.("First Asset") is pleased to announce the launch of First Asset MSCI Canada Quality Index Class ETF (the "Fund")(TSX:FQC): joining First Asset's series of tax efficient ETFs and introducing a new factor strategy into the family of First Asset Smart Beta ETFs.
The Advantage of Blue Chip Stock Selection through Smart Beta
FQC offers investors a way to participate in high quality, blue chip stocks by replicating, to the extent possible, the MSCI Canada Quality Index (the "Canada Quality Index").
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Source: First Asset
Convergex ETF Direct Platform Continues To Gain Momentum
May 4, 2016--Convergex, an agency-focused global brokerage and trading related services provider, announced today that its ETF Direct platform has been experiencing significant volume growth and attracting key market participants.
Since its launch earlier this year, over 12 million shares have traded with a notional value of approximately $700 million.
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Source: Convergex Group
State Street Global Advisors Appoints Bobby Eng as Head of SPDR ETF Business Development in Canada
Appointment Strengthens SSGA's SPDR ETF Business in Canada
May 4, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced the appointment of Bobby Eng as head of SPDR ETF Business Development in Canada.
In this newly created role, Mr. Eng will be responsible for strengthening SSGA's SPDR ETF business in Canada.
"Bobby’s experience and the depth of his knowledge and relationships across the Canadian ETF landscape are a valuable addition to our institutional ETF efforts"
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Source: State Street Corporation
