Horizons ETFs Management has launched a joint venture with InterBolsa USA Holdings Inc. to manage ETFs in Latin America. Under the agreement, Horizons LatAm will initially focus on listing ETFs in the Colombian market. Horizons USA will have an 80% interest in Horizons LatAm, while InterBolsa USA Holdings will have a 20% interest. Read: ETFs […]
As the global ETF industry approaches the $2 trillion mark, the fight for market share has gotten more intense. In the U.S., providers are offering heavy discounts on fees to attract nervous investors, including industry heavyweights BlackRock and Vanguard. Read: BlackRock announces ETF fee cuts However, according to an FT report, industry experts assert providers […]
ETF provider iShares is launching a new series of funds, as well as reducing the fees of eight existing funds.
On October 22, 2012, the names of the following Horizons ETFs will change as follows: Horizons Dividend ETF to Horizons Active Cdn Dividend ETF; Horizons Global Dividend ETF to Horizons Active Global Dividend ETF; Horizons North American Value ETF to Horizons Active North American Value ETF; Horizons North American Growth ETF to Horizons Active North […]
Horizons ETF is decreasing its management fee on Horizons S&P/TSX 60 from 0.07% to 0.05%. The reduced cost is effective for at least the next year. Read: What ETFs and Gucci shoes have in common “Studies have shown that keeping investment costs low is a key component to improving portfolio performance,” says Howard Atkinson, CEO […]
First Asset has announced its Morningstar Emerging Markets Composite Bond Index ETF has closed its offering, so will start trading on the TSX today.
BMO Investments has made changes to the investment strategies of both the BMO Canadian Equity ETF Fund and BMO U.S. Equity ETF Fund. Both funds invest up to 100% of their assets in securities of an underlying exchange-traded fund, namely the BMO Dow Jones Canada Titans 60 Index ETF (ZCN) and BMO U.S. Equity Hedged […]
In order to remain competitive with firms such as Vanguard, BlackRock has confirmed it will cut its ETF fees in the fourth quarter 2012, reports Chris Flood of the Financial Times. Read: BlackRock Canada launches U.S. equity fund However, the company will not cut charges across its entire iShares ETF range. Instead, it will reduce […]
FINRA has fined and suspended a U.S. branch manager, Keith Leon Bobo, Jr., for failing to supervise the sale of leveraged ETFs.
BMO Financial Group today announced its ETF business has surpassed $7 billion in assets under management (AUM) and has grown by $1 billion (16%) in the last two months. “Our recent success has been driven by flows into ETFs which combine growth with attractive income,” says Kevin Gopaul, chief investment officer and senior vice president, […]