Americas ETP News
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US's Highland packs pipeline with ETFs
April 7, 2015--In a bid to expand its retail presence, Highland Capital Management has launched a platform that unifies its research, risk management and investment processes for liquid alternative mutual funds.
The platform, called Highland Alternative Investors, is being used to promote the Dallas-based firm's existing liquid alt funds, but Highland also plans to use it to help launch more products in the space.
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Source: FT.com
SEC Reviewing 12b-- Fees
April 7, 2015--The Securities and Exchange Commission is currently reviewing as part of its exam cycle the entire spectrum of 12b-1 fees
Marc Wyatt, deputy director of the agency's Office of Compliance Inspections and Examinations, said Tuesday.
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Source: Think Advisor
BNY Mellon ADR Index Monthly Performance Update-March 2015
April 7, 2015--The BNY Mellon ADR Index Monthly Performance Update-March 2015 is now available.
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Source:BNY Mellon
Vanguard Launches Robo Adviser, Sort Of
Just don’t call it a "robo adviser."
April 6, 2015--New Web-based service will combine human and automated assistance
For the past two years, the giant mutual-fund firm Vanguard Group has been testing an adviser service that combines aspects of Web-based advice and investment-modeling algorithms with traditional human contact.
It is called Vanguard Personal Advisor Services, and a company spokeswoman says it will be launched to all Vanguard clients sometime this spring.
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Source: Wall Street Journal
Morgan Stanley Veteran Jacob Dienelt Joins Bitcoin 2.0 Startup
April 6, 2015--Jacob Dienelt is the latest Morgan Stanley veteran to leave Wall Street and join the Bitcoin industry.
Following the likes of former JPMorgan Chase executive Blythe Masters and former JPMorgan Managing Director Paul Camp, Dienelt has made the move from traditional banking at Morgan Stanley Private Wealth Management to join the emerging digital currency industry as head treasurer of Factom .
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Source: bitcoinmagazine.com
Lightly Leveraged ETFs Still Cause Concerns
Some analysts, regulators worry that Direxion's new funds could burn some investors
April 6, 2015--Like a brewer selling a light beer, Direxion Investments is hoping its lightly leveraged exchange-traded funds will appeal to a wider audience than its more-intense versions.
But the Financial Industry Regulatory Authority, Wall Street's self-regulator, and investment-research firm Morningstar Inc. still view the funds as complex instruments that could trip up some investors.
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Source: Wall Street Journal
Leveraged-Loan Sales Slump to Worst Since 2010 on Fed Scrutiny
April 6, 2015--The market for loans to below-investment grade companies is off to its slowest start in five years as regulators step up efforts to curb risky underwriting and investors put their money elsewhere.
About $63 billion of leveraged loans have been sold to money managers this year, down 69 percent from 2014 and the least since $53 billion was issued during the same period in 2010, according to data compiled by Bloomberg.
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Source: Bloomberg
BlackRock Plans Money Fund Changes to Meet New SEC Regulations
April 6, 2015--BlackRock Inc., the world's largest asset manager, said it would change its lineup of money-market mutual funds to make them comply with new federal regulations.
BlackRock, in an April 6 letter to investors, said it would offer funds that invest solely in government securities and others with floating net asset values that would invest in corporate debt.
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Source: Bloomberg
Big Investor Involvement Could Boost Bitcoin
Major players could reduce volatility, increase acceptance of virtual currency
April 5, 2015--Some of the U.S.'s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving a potential boost to the fledgling virtual-currency industry.
While still cautious of becoming exposed to "cryptocurrencies," some of the firms, which trade with their own money on their own behalf...
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Source: Wall Street Journal
CFTC.gov Commitments of Traders Reports Update
April 2, 2015--The current reports for the week of March 31, 2015 are now available.
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Source: CFTC.gov
