The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ETF Roundup: Godfather of ETFs Goes to Cantor Fitzgerald Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 20, 2013

ETF Roundup: Godfather of ETFs Goes to Cantor Fitzgerald

News summary by MFWire's editors

Reuters' Jessica Toonkel reported that the vaunted "godfather" of ETFs, Reggie Browne, joined Cantor Fitzgerald's ETF market making team. He left Knight Capital Group after he was unable to agree on the terms of a new contracts, Toonkel writes. Browne did not comment for the story.

Brendan Conway of Barron's reports that BlackRock's [profile] iShares MSCI Emerging Markets ETF saw hefty inflows last week, seeing $2.5 billion come into the fund. It's its highest single-week tally in data since going all the way back to September 2008, Conway writes.

iShares MSCI Brazil Capped ETF and Vanguard's [profile] FTSE Emerging Markets also saw some inflows, taking in over $470 million and $380 million, respectively, Conway writes.

An iShares spokesperson theorizes that the movement has been spurred by institutional investors, especially those interested in higher exposure to China and Korea, hoping that the Fed's tapering will be "modest," Conway writes.

The British are coming!

And this time they're coming for the gold ETFs.

MarketWatch's Victor Rektlaitis says American investors can blame the British for State Street Global Advisors' [profile] SPDR Gold Trust, or the biggest gold ETFs', fall Monday, as surprise, surprise, London traders care less about Larry Summers dropping out of consideration for the Fed, and more about the U.S.-Russian deal on the crisis in Syria.

The deal would lessen demand for haven assets, as fears about the air strike are discipating, Rektlaitis reports. Does the Financial Times have more fighting words for Jack Bogle to respond to?

The Financial Times' John Authers writes that a world more driven by passive investment gives stock indexes "immense power," writing that the world's most powerful stock picker is the governing body of the S&P 500 index.

Authers points out that a lot of trading activity occurred in favor of new Dow Jones entrants, after the announcement that Hewlett-Packard, Bank of America and Alcoa were to be taken off, showing that investors don't understand how the indices work. And if investors are making big decisions without truly understanding the now all-powerful indices, that is not a healthy trend, Authers writes.

To read more, click here, here, here and here.  

Edited by: Casey Quinlan

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Director Discussion Series - Open Forum via Zoom, September 29
  2. IMEA roundtable - Portfolio Construction, September 29
  3. MMI webinar - The Future of Marketing is Changing ... Are You Ready?, September 29
  4. IDC Speaker Series - A Conversation with Roger Ferguson, October 3
  5. IDC webinar - A Conversation with Roger Ferguson, Jr., October 3
  6. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  7. Nicsa Fearless Leadership Symposium, Oct 6-7
  8. 7th Annual FUSE Forum, October 6
  9. 2022 ICI Securities Law Developments Conference - day 1, October 11
  10. MFDF Director Discussion Series - Open Forum (San Francisco), October 12
  11. 2022 ICI Securities Law Developments Conference - day 2, October 13
  12. MFDF In Focus: ESG Data Requirements - What Directors Need to Know, October 19
  13. 2022 MMI Annual Conference, Oct 19-21
  14. 2022 IDC Fund Directors Conference, Oct 24-26
  15. 18th annual Expect Miracles Wine & Spirits Event, October 27
  16. Buford Capital Securities Litigation Symposium, November 1
  17. IMEA All-Council Fall Summit, Nov 2-3
  18. Nicsa 2022 General Membership Meeting, Nov 2-3
  19. Tiburon CEO Summit XLIII, Nov 7-9
  20. 2022 ICI Tech Summit, Nov 8-9
  21. UCITS & AIFMD for U.S. Managers - New York, Nov 8-9
  22. 2022 MMI Distribution Leadership Forum, Nov 9-10
  23. MFDF Asset Management Industry Update and Director Governance Trends, November 10
  24. 3rd Annual ETFGI Global ETFs Insights Summit - United States, Nov 15-16
  25. 2022 MMI Alternative Investments Forum, November 16
  26. MFDF webinar - Mutual Fund CCO Compensation: The MPI Annual Survey Update, November 16

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use