Americas ETP News
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SEC head proposes safeguards against HFT risks
June 5, 2014--The head of the US Securities and Exchange Commission on Thursday recommended moves to stop computer-driven high-frequency traders from disrupting equity markets
, increase disclosure on trading volumes and speed up the availability of data, in a bid to improve market stability....
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Source: FT.com
AdvisorShares Announces Sub-Advisor Change for Global Tactical ETF (GTAA)
June 5, 2014--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today plans to propose a sub-advisor change for the AdvisorShares Cambria Global Tactical ETF (nyse arca:GTAA) for the approval of the AdvisorShares Trust's Board of Trustees.
Chapel Hill, North Carolina-based Morgan Creek Capital Management would serve as GTAA's new sub-advisor with its CEO Mark W. Yusko as portfolio manager. Pending the Board's approval, the sub-advisor change would then be subject to shareholder approval.
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Source: MarketWatch
MSCI Launches Factor Indexes for Latin America
June 5, 2014--MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, today announced the launch of a family of new factor indexes for seven country and regional Latin American markets.
"We have launched these new factor indexes not only in response to the increasing demand for indexes to serve as the basis for index-based investment products in Latin America< but also because of the global trend toward factor investing," said Diana Tidd, Managing Director and Head of the MSCI Index Business in the Americas.
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Source: Bloomberg
Five Years Since Listing of BMO's First Four ETFs on the TSX
June 4, 2014--First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion
Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds
Canadian ETF industry assets have increased 14 per cent in last year
BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.
Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.
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Source: BMO Financial Group
Elkhorn files with the SEC
June 4, 2014--Elkhorn has filed a amendment no.1 to a application for exemptive relif with the SEC-actively-managed ETFs.
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Source: SEC.gov
Five Years Since Listing of BMO's First Four ETFs on the TSX
First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion
Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds
Canadian ETF industry assets have increased 14 per cent in last year
June 4, 2014--BMO Financial Group today celebrated five years since its first four Exchange Traded Funds (ETFs) were listed on the TSX on June 4, 2009.
Since then, BMO's ETF business has grown rapidly and currently stands at $14.7 billion in assets under management (AUM). In the last two years, the total assets of BMO ETFs have more than doubled. Overall, the Canadian ETF industry currently has $68.5 billion in AUM and has grown 14 per cent in the last year.
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Source: BMO Financial Group
First Asset Announces Name Changes for Certain ETFs
June 4, 2014--First Asset Investment Management Inc. (First Asset), an independent Canadian investment management company, announced today that, effective tomorrow, June 5, it will change the names of certain of its exchange traded funds (ETFs) as set out below.
In each case, the name change results from the new name of the ETF's underlying index. The index methodologies are unchanged and the name changes do not affect the stock exchange ticker symbols or CUSIPS for the ETFs.
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Source: First Asset
Larry Fink is wrong, leveraged ETFs are 'sound': Pro
May 31, 2014--BlackRock CEO Larry Fink was wrong when he slammed leveraged exchange-traded funds, Luciano Siracusano, chief investment strategist at Wisdom Tree Investments, told CNBC Thursday.
"The structure is sound. They've been tested, just like fixed-income ETFs have been tested during stress, and they've held up very well," he said in an interview with "Closing Bell."
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Source: CNBC
State Street to Open Active ETF Run by Jeffrey Gundlach
May 31, 2014--State Street (STT) Corp. and Jeffrey Gundlach's DoubleLine Capital LP are teaming up to open their first actively managed bond exchange-traded fund to compete with Bill Gross's Pimco Total Return ETF.
SPDR DoubleLine Total Return Tactical ETF will invest in fixed-income securities and be run by Gundlach and Philip Barach, Boston-based State Street said yesterday in a filing with the U.S. Securities and Exchange Commission. The fund, if approved, would list on the NYSE Arca exchange.
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Source: Bloomberg
NASDAQ OMX Lists PowerShares Multi-Strategy Alternative Portfolio ETF
Multi-Strategy ETF Began Trading on May 29, 2014
May 30, 3024--NASDAQ OMX today announced that PowerShares launched a new exchange traded fund (ETF), PowerShares Multi-Strategy Alternative Portfolio ETF (Symbol:LALT), which is listed on The NASDAQ Stock Market(R) (NASDAQ(R)). LALT began trading on NASDAQ on Thursday, May 29, 2014.
"One of the primary goals for investors that use alternative strategies is to minimize exposure to equity and bond markets, and to achieve better risk-adjusted returns compared to portfolios consisting only of traditional asset classes, "said Dan Draper, Invesco PowerShares Managing Director of Global ETFs. "LALT is designed to help investors reach their portfolio objectives by reducing the volatility of returns and mitigating the risk of drawdowns. Invesco PowerShares is committed to providing innovative tools to help investors achieve their goals of wealth accumulation and capital preservation."
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Source: Invesco PowerShares:
