Americas ETP News
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Lessons from a walk through the ETF graveyard
May 29, 2015--Although the exchange-traded product business is booming,
that doesn't mean a lot of funds aren't being closed, which could be one sign of a healthy market.
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Source: Investment News
BMO Asset Management Announces Proposed Termination of Certain BMO Exchange Traded Funds
May 29, 2015--BMO Asset Management Inc. (the "Manager"), the manager of BMO 2015 Corporate Bond Target Maturity ETF, BMO 2020 Corporate Bond Target Maturity ETF, and BMO 2025 Corporate Bond Target Maturity ETF (the "Funds") announced that it has decided to terminate the Funds on or about August 7, 2015 (the "Termination Date").
Pursuant to the declaration of trust governing the Funds, the Manager may terminate the Funds on not fewer than 60 days' notice to unitholders.
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Source: BMO Financial Group
Banks likely face rule change on physical commodities
May 28, 2015--The Federal Reserve is expected to make public as early as June a proposed rule governing the participation of banks and other financial institutions in the physical commodities business, the Office of Management and Budget said.
Faced with heightened regulatory scrutiny, major banks including..
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Source: SmartBrief
SEC Names Andrew J. Donohue as Chief of Staff
May 28, 2015--The Securities and Exchange Commission today announced that Andrew J. "Buddy" Donohue has been named the agency's chief of staff. Mr. Donohue will replace Lona Nallengara who will leave the agency in June.
As chief of staff, Mr. Donohue will be a senior adviser to the Chair on all policy, management, and regulatory issues.
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Source: SEC.gov
Nasdaq Lists The Global X YieldCo Index ETF
May 28, 2015--Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X YieldCo Index ETF (Symbol:YLCO), which will begin trading on The Nasdaq Stock Market Thursday, May 28, 2015.
"YieldCos are an emerging asset class that meets many of the key investment characteristics investors are looking for, such as high current income, low volatility and the opportunity for dividend growth," said Jay Jacobs, Research Analyst at Global X Funds
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Source: Nasdaq.com
DGCX EAGLE-SOARING: Federal Reserve Chair said she expects rates to increase this year.
May 28, 2015--MARKET PULSE
The US key inflation measure climbed faster than economists predicted
Federal Reserve Chair Janet Yellen said she expects rates to increase this year
U.S. jobless claims were below 300,000 for the 12th consecutive week
Overseas investors have sold a net $1.8 billion of Indian stocks and bonds in May
24 of 31 economists surveyed predict RBI will reduce the repo. rate for a third time this year
India's economy probably expanded 7.3 % in the first quarter from a year earlier (survey)
China's shipments in Gold fell to 46.6 MT in May from 61.8 in March and 65.4 tons a year earlier
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Source: DGCX
AdvisorShares Weekly Market Update: This Week in Active ETFs: The Fed Still Wants to Hike Rates
For the week of May 18- May 22
May 28, 2015--Yeah, The Fed Still Wants To Hike Rates
Macro
The trend of subdued domestic equity market action continued last week. The Dow Jones Industrial average fell
by 21 basis points while the S&P 500 gained 17 basis points, the NASDAQ was up 0.83% and the Russell 2000 added 65
basis points.
Foreign equities were not subdued including an 8.11% rally for the Shanghai Composite. The Nikkei 225 gained 2.71%, the Hang Seng added 62 basis points and Australia fell
1.25%.
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Source: AdvisorShares
NYSE Looks to Ease Late-Day Pileup
Exchange plans midday auction for thinly traded shares
May 28, 2015--
The New York Stock Exchange is preparing a new plan to make it easier to buy or sell the shares of thousands of listed companies, an effort to
counter the slow midday trading and uneven liquidity plaguing U.S. stock markets.
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Source: Wall Street Journal
WisdomTree Launches Japan Dividend Growth Fund (JDG)
Offers Access to Quality Dividend Growth Stocks in Japan
Expanding the WisdomTree Toolkit for Exposure to Japan
May 28, 2015--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of the WisdomTree Japan Dividend Growth Fund (JDG) on the NYSE Arca.
JDG seeks to provide exposure to dividend-paying stocks of companies with growth characteristics that are incorporated in Japan. The Fund has a net expense ratio of 0.43%.
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Source: WisdomTree
SEC Approves Additional Post-Trade Data Collection
May 27, 2015--The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposal to collect additional post-trade data for EMMA, the MSRB announced late Tuesday.
The new data reporting requirements, which take effect on May 23, 2016, are included in amendments to MSRB Rule G-14 on trade reporting and the MSRB's facility for its Real-Time Transaction Reporting System (RTRS).
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Source: The Bond Buyer
