Americas ETP News
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iShares Goes Global in Expansion of Factor ETF Lineup
January 21, 2015--BlackRock's (BLK) iShares unit, the world's largest issuer of exchange traded funds, expanded its already successful lineup of factor-based ETFs with last week's launches of two international factor funds.
The iShares MSCI International Developed Momentum Factor ETF (IMTM) and the iShares MSCI International Developed Quality Factor ETF (IQLT) debuted last week.
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Source: Yahoo Finance
AdvisorShares Active ETF Report: Year-End Review
January 21, 2015--Report Highlights
The Active ETF count grew in 2014 from 73 to 125 while assets grew $2.4 billion or 16.5% to $17.265 billion.
There were several new comers to the actively managed space including WBI which has raised $1.1 billion in AUM.
ProShares also threw its hat into the active ring last year.
There were large changes in the market share picture as the field got wider. PIMCO's share dropped from 52% to 39% while First Trust shot up from 4% to just over 12% of the active market. Also noteworthy was the drop in share for WisdomTree falling from 20% down to 10%.ααChange at the strategy level was less dramatic as Global Bond remained the second largest category but its market share fell from 25% to 17%. Foreign bond fell from 12% of the market to just under 6%.
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Source: AdvisorShares
Horizons ETFs CEO leaves
January 20, 2015--Horizons ETFs Management (Canada) Inc. says CEO Adam Felesky has left the company.
No reason was given for his departure.
Taeyong Lee, executive chairman of Horizons ETFs, has assumed Felesky's duties and responsibilities until a new CEO is appointed.
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Source: Benefits Canada
WisdomTree Cross-Lists 4 Additional ETFs on Bolsa Mexicana de Valores
January 22, 2015--WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced that an additional four WisdomTree ETFs have been listed on The Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), S.A.B. de C.V.
All four equity ETFs are listed in the special international section of the BMV, the Sistema Internacional de Cotizaciones ("SIC"). SIC makes it possible for certain institutional investors to trade foreign securities in Mexico. Securities listed on the SIC are not publicly offered in Mexico.
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Source: Nasdaq
First Asset Opens the Market
January 20, 2015--Barry Gordon, President and CEO, First Asset joined Amelia Nedovich, Head, Business Development, Exchange Traded Funds and Structured Products, TMX Group to open the market to launch First Asset Active Credit ETF (FAO, FAO.U).
First Asset has 29 ETFs listed on Toronto Stock Exchange with a market value of $1.1 billion as at December 31, 2014.
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Source: CNN Market
ETF Securities Launch First ETFs to Provide Access to Zacks' Earnings Analysis
January 20, 2015--ETF Securities, one of the world's leading, independent providers of Exchange-Traded Products (ETPs) has launched two new exchange traded funds (ETFs) based on Zacks proprietary earnings investment strategies covering US equities.
The new ETFs are ETFS Zacks Earnings Large-Cap U.S. Index Fund (ZLRG) and ETFS Zacks Earnings Small-Cap U.S. Index Fund (ZSML). Both products are listed on the New York Stock Exchange (NYSE).
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Source: ETF Securities
Invesco PowerShares Announces Launch of Russell 1000 Equal Weight Portfolio (EQAL)
January 20, 2015--Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced the launch of the PowerShares Russell 1000 Equal Weight Portfolio (EQAL), which was listed on December 23, 2014 on the NYSE.
EQAL seeks investment results that generally correspond to the price and yield of the Russell 1000(R) Equal Weight Index. The Russell 1000(R) Equal Weight Index is a trademark of Frank Russell Company and has been licensed for use by Invesco PowerShares.
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Source: Yahoo Finance
First Bridge Data-'ETF 20/20' Report: January 2015
January 20, 2015--The monthly 'ETF 20/20 ' report analyzes recent Exchange Traded Fund (ETF) trends in the US, using data from the First Bridge global ETF database. This month's report looks back at the 5 key developments for US ETFs in 2014.
1. ETFs crossed $2T in assets: US ETF assets crossed this milestone in 2014, driven by a 6 year bull market in US equities and by a secular shift towards ETF usage.
2. 'Smart Beta' adoption continued: There were more 'smart beta' ETF launches in 2014 (32% of total) than 'traditional beta' and active ETF launches.
Low volatility, dividend, equal weighting and pure growth strategies all outperformed traditional market cap weighting in the US large cap equity space in calendar year 2014.
3. Crude oil plunged: The most significant macro economic development of last year, it resulted in energy related ETF categories (Russia, Crude oil futures, Nat gas futures) being the worst performing in 2014, and had knock on effects such as the divergent performance between investment grade and high yield corporate bond ETFs.
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Source: First Bridge Data
First Asset Active Credit Fund Completes Merger with First Asset Active Credit ETF
January 19, 2015--Further to its press release on January 13, 2015, First Asset Investment Management Inc. (the "Manager") announces that the merger of First Active Credit Fund (formerly, First Asset Yield Opportunity Trust) (TSX: FAY.UN and FAY.U)
(the "Fund") with First Asset Active Credit ETF (the "First Asset ETF") was completed and the First Asset ETF will commence trading on the Toronto Stock Exchange later today under the ticker symbols FAO and FAO.U.
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Source: First Asset
Money Managers Led by Fidelity Close to Launch of Dark Pool
Effort Involves 9 Firms Including BlackRock, J.P. Morgan and BNY Mellon
January 19, 2015--Big money managers led by Fidelity Investments are close to launching a private trading venue designed to let them buy and sell large blocks of stock without the involvement of Wall Street firms and high-speed traders, according to people familiar with the matter.
Nine firms including BlackRock Inc., Bank of New York Mellon Corp. , J.P. Morgan Chase & Co. and T. Rowe Price Group Inc., are forming a company that will operate a “dark pool”—a private trading venue in which activity takes place outside of the public view—the people said.
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Source: Wall Street Journal
