Russel and State Street Files For New ETFs
(SEATTLE/NEW YORK) Russell Investments and SSgA filed with the SEC for some new ETFs. Russel is going to launch three high yield dividend ETFs, with plans to provide exposure across domestic and international equity markets. The funds include the Russell High Dividend Yield ETF, Russell Small Cap High Dividend Yield ETF and the Russell International
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State Street Launches Online ETF Education Center
(BOSTON) State Street Global Advisors, the asset management/ETF business of State Street and creator of SPDR ETFs, announced the launch of ETF Fact or Fiction, a new website that provides individual investors with a comprehensive, trusted resource for exchange traded fund education. Designed to help investors better understand one of the fastest growing investment vehicles,
DetailsGlobal X to close several ETFs
(NEW YORK CITY) Global X Funds is planning to liquidate eight funds, two months after IndexIQ folded three Asia-focused ETFs. All of the Global X Funds are equity ETFs covering emerging markets to narrow industry sectors. The following Global X ETFs set for liquidation are: Global X Russell Emerging Markets Growth ETF (EMGX), Global X
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Fidelity Investments Looks Ready To Offer ETF
(BOSTON) After years of ignoring one of the hottest investment options, Fidelity Investments appears to be planning a push into exchange-traded funds, according to a latest WSJ article. The fund giant recently filed an application with the Securities and Exchange Commission to offer a broad swath of index-based exchange-traded funds. The filing, if approved, would
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Fed Require More Securities Lending Data
(NEW YORK CITY) According to the Federal Reserve Bank of New York, more data will be required to monitor repo and securities lending markets – including stocks lent-out by exchange traded funds – to inform policy makers and researchers about firm-level and systemic risk. “Better data is particularly important for understanding repo and securities lending
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Staff Cuts at European iShares business
(LONDON) According to several rumors, BlackRock is planning to cut around 15 staff in its European iShares business, at a time when its US operation is also making redundancies. The move is part of the firm’s response to the ‘challenging’ economic conditions which has seen BlackRock streamline both its US and European iShares businesses. A
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SEC Charges Advisor In 500 bn. Social Media Scam
(WASHINGTION) The Securities and Exchange Commission charged an Illinois-based investment advisor with trying to sell fictitious securities, allegedly offering more than $500 billion of the bogus investments on various social media Web sites such as LinkedIn. “If you are going to make it up, make it big,” said Robert B. Kaplan, co-chief of the SEC
DetailsFirst Trading Day Of CBOE EmMa Vola Index
(CHICAGO) Now the CBOE is taking the next step with VXEEM, the volatility index that is based on the well-known iShares MSCI Emerging Index ETF (Ticker: EEM), and offering futures on that index. The launch of these futures contracts is set for today and will initially include contracts with expirations in February, March, April and May.
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BATS Sweetening The Pot For ETF Market Makers
(LONDON) BATS Global Markets will become a new player to the exchange traded fund primary listings market, according to the FT. BATS, operator of a secondary market for equities and ETFs, filed a proposal last week with the Securities and Exchange Commission to establish what it is calling a “competitive liquidity program” for market makers
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Alternative Strategy ETFs The Most Popular Category For AM’s
(DUBLIN/LONDON) Alternative investment strategies are the most popular category in asset managers’ product development pipelines with managers such as Altegris, BlackRock, PIMCO, Nuveen, and First Eagle filing with the U.S. SEC to offer ETFs that rely on managed futures, long/short, credit, commodities, arbitrage, absolute return fixed income and other alternative strategies. Even investment management firms
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Gold Miner ETFs: New 52-Week Low
(IRVINE) Gold miner exchange traded funds stumbled Wednesday along with bullion prices, dragging the stock ETFs to fresh 52-week lows. Read the full story here.
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