‘ United States and Canada ’

Heating oil and gasoline ETPs hit two-year highs in Hurricane Harvey’s wake

Sep 5th, 2017 | By
Hurricane Harvey ETFs ETF Securities

Harvey, the first category three hurricane to make landfall in the US since 2005, has sent the prices of ETPs tracking heating oil and gasoline to their highest levels since summer 2015 after the storm damaged a third of US oil refineries when it swept through the Gulf Coast at the end of August.



Point Bridge to launch “make America great again” ETF

Sep 5th, 2017 | By
US Equity ETFs: US corporates can ride out eurozone crisis

Texas-based Point Bridge Capital is to launch the Point Bridge GOP Stock Tracker ETF (MAGA), whose ticker code stands for “make America great again”. The ETF will invest in companies that have employees or activities that support Republican party candidates for election to senior positions through donations.



Elkhorn to close suite of S&P mid-cap sector ETFs

Sep 5th, 2017 | By
Elkhorn to close suite of S&P mid-cap sector ETFs

Elkhorn Investments has announced its range of US mid-cap sector ETFs are to close. The nine funds track various sector-specific exposures derived from the S&P Midcap 400 Index using the sector definitions offered by Standard & Poor’s Global Industry Classification Standard (GICS).



S&P DJI: Metals never had an August this hot

Sep 5th, 2017 | By
S&P DJI: Metals never had an August this hot

By Jodie Gunzberg, managing director, product management, S&P Dow Jones Indices.

August 2017 was the first August on record that all the metals gained together (since 1995 – the earliest year all seven metals were included in the index,) and it was the first month every metal gained together since September 2016. As a result, the S&P GSCI All Metals Total Return Index gained 7.3% in August, posting its best August ever since 1995.



North Korea tensions ripple through ETF markets

Sep 4th, 2017 | By
North Korea US Trump ETFs

Escalating tensions relating to North Korea’s increasingly prominent nuclear ambitions have caused ETFs tracking risk assets in the Asia Pacific region to fall on Monday 4 September. The market slump followed an earthquake in North Korea on the previous day, later confirmed as being triggered by a successful nuclear weapons test.



Direxion to close 12 inverse & leveraged sector ETFs

Sep 4th, 2017 | By
Direxion to close 12 inverse & leveraged sector ETFs

Inverse and leveraged ETF provider Direxion has announced its decision to close and liquidate twelve funds, each providing investors with a targeted sector play. All but one of the funds scheduled for closure offer inverse exposure to their underlying index, indicating the effect the ongoing equities bull market has had on demand for bearish products.



Hamilton launches active US mid-cap financials ETF

Sep 4th, 2017 | By

Hamilton Capital is launching the actively managed Hamilton Capital US Mid-Cap Financials ETF (HFMU) on the Toronto Stock Exchange. As the name suggests, the fund will give exposure to US mid-size companies operating in the financial sector. The ETF will begin trading at market open on 5 September 2017.



National Bank of Canada drops trading commissions on all US-listed ETFs

Sep 4th, 2017 | By
National Bank of Canada goes commission free for all US-listed ETFs

National Bank Direct Brokerage (NBDB), a subsidiary of National Bank of Canada, has scrapped commissions charged on trades for US-listed ETFs. The move comes a year after NBDB introduced commission-free trading on ETFs listed in Canada.



“ETF Facts” rule comes into force in Canada

Sep 4th, 2017 | By
Evolve Funds launches gender diversity and cybersecurity ETFs in Canada

A new rule designed to provide Canadian investors with greater information about ETF products has come into force. ETF issuers must now file a succinct, plain-language summary known as an “ETF Facts” document when filing a preliminary prospectus with regulators.



Deutsche to launch MSCI USA sector ETFs on London Stock Exchange

Sep 1st, 2017 | By
Simon Klein, head of passive distribution, EMEA and APAC, Deutsche Asset Management

Deutsche Asset Management is planning to launch six US sector ETFs on London Stock Exchange in the coming weeks. The funds will track MSCI indices and will provide exposure to the energy, financials, health care, information technology, consumer discretionary and consumer staples sectors of the US economy. Simon Klein, head of passive distribution, EMEA and APAC, commented: “These new sector ETFs give investors the flexibility to trade at a more granular level than region or country. As ETFs are used more tactically, this kind of granularity is important.”