Latest news with #ALPS
Japan Forward
3 days ago
- Business
- Japan Forward
Lesson from China's Seafood Ban: Diversify Trade Markets
このページを 日本語 で読む China's May 30 move to end its unjust embargo on Japanese seafood exports was only natural. After all, in September 2024, it had already promised to steadily revive Japanese seafood imports. Eight months later, the two sides have just reached an agreement on initiating the process to lift the import ban. However, rather than taking that promise at face value, we need to pay close attention to the Chinese government's tardiness and inadequacy of response. China imposed a blanket ban on all Japanese seafood imports following the release of Advanced Liquid Processing System (ALPS) treated water from the Fukushima Daiichi Nuclear Power Station. On that basis, the agreement represents a key step for Japan's fishing industry, which has been battered by China's ban. China was a major export market for Japanese scallops and sea cucumbers before the ban. Hopes that exports would soon resume are therefore growing. However, has China's stance toward Japan really changed? The resumption of imports will apply to 37 prefectures. But that list does not include Fukushima, Ibaraki, and eight other prefectures where China had imposed restrictions on imports soon after the 2011 Great East Japan Earthquake and nuclear disaster. Also, registration procedures for Japanese export businesses are just beginning on the Chinese side. Therefore, it will likely be several months before actual exports to China can resume. Moreover, since China often delays customs procedures for political reasons, caution is required. A cabinet meeting aimed at expanding exports of agricultural, forestry, and fishery products and other food was held at the Prime Minister's Office on May 30. The Shigeru Ishiba administration should take a proactive stance to ensure that China swiftly and steadily honors its promises. It must continue to press for the immediate abolition of the restrictions on exports from the remaining 10 prefectures. China requires inspections for radioactive substances and certificates of origin for all products it imports from Japan. According to the Chinese foreign ministry, Japan had committed to meeting China's regulatory and food safety standards and the criteria of Chinese supervisory authorities. Nevertheless, China's claim that the treated water is "radioactive contaminated water" is a false accusation to begin with. It is merely intended to deceive the public with absolutely no scientific basis. The International Atomic Energy Agency (IAEA) and other organizations have vouched for the safety of releasing the ALPS treated water. Chinese fishing vessels also continued to fish in Japan's coastal waters. It is perfectly clear that Beijing's argument that the embargo is justified due to "public anxiety" is hollow. For a decade after the Fukushima Daiichi accident, fishermen in the region suffered restrictions on import of their products. China may be eager to present the image of a conciliatory attitude toward Japan. Nevertheless, that is merely to counter pressure from the Trump administration. Moreover, even if China takes baby steps towards reconciling with Japan, we must remain vigilant. After all, no progress has been made on issues such as the detention of Japanese nationals in China and intrusions by Chinese vessels into Japan's territorial waters around the Senkaku Islands. Japan began to explore new export destinations for its marine products after China imposed its trade embargo. Even if exports resume, the political risks related to China will not decrease. The seafood industry should continue and intensify its efforts to diversify its export markets. Author: Editorial Board, The Sankei Shimbun このページを 日本語 で読む
Business Wire
30-05-2025
- Business
- Business Wire
Alerian MLP ETF Tax Update
DENVER--(BUSINESS WIRE)--Alerian MLP ETF (the 'Fund' or 'AMLP') has modified the estimate of the Fund's deferred tax liability based on information reported by the Master Limited Partnerships (MLPs) and recorded a tax accrual adjustment of approximately $(3.6) million (approximately $0.016 per share) into the net asset value (NAV) of the Fund on May 30, 2025. As part of the tax accrual adjustment, the Fund's deferred tax liability (DTL) has decreased primarily due to tax reporting received from the underlying investments that indicates that additional capital loss carryforward is available to offset future taxable income. The Fund will rely to a large extent on information provided by the MLPs, which is largely reported on a delayed basis and is not necessarily timely, to estimate deferred tax liability for purposes of financial statement reporting and determining the NAV. From time to time, the Adviser will modify the estimates or assumptions regarding the Fund's deferred tax liability as new information becomes available and may consider, among other matters, the duration of statutory carryforward periods, shareholder transactions, underlying index constituent changes and market conditions. The Fund's estimates regarding its deferred tax liability are made in good faith; however, the daily estimate of the Fund's deferred tax liability used to calculate the Fund's NAV could vary significantly from the Fund's actual tax liability. ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian Energy Infrastructure ETF and the ALPS | Alerian Energy Infrastructure Portfolio. Please direct any inquiries to info@ or by calling 1-866-759-5679. Important Disclosures An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus containing this and other information, call 1-866-759-5679 or visit Read the prospectus carefully before investing. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemable. All investments are subject to risks, including the loss of money and the possible loss of the entire principal amount invested. Additional information regarding the risks of this investment is available in the prospectus. Investments in securities of Master Limited Partnerships (MLPs) involve risks that differ from an investment in common stock. MLPs are controlled by their general partners, which generally have conflicts of interest and limited fiduciary duties to the MLP, which may permit the general partner to favor its own interests over the MLPs. A portion of the benefits you are expected to derive from the Fund's investment in MLPs depends largely on the MLPs being treated as partnerships for federal income tax purposes. As a partnership, an MLP has no federal income tax liability at the entity level. Therefore, treatment of one or more MLPs as a corporation for federal income tax purposes could affect the Fund's ability to meet its investment objective and would reduce the amount of cash available to pay or distribute to you. Legislative, judicial, or administrative changes and differing interpretations, possibly on a retroactive basis, could negatively impact the value of an investment in MLPs and therefore the value of your investment in the Fund. The Fund invests primarily in a particular sector and could experience greater volatility than a fund investing in a broader range of industries. Investments in the energy infrastructure sector are subject to: reduced volumes of natural gas or other energy commodities available for transporting, processing or storing; changes in the regulatory environment; extreme weather and; rising interest rates which could result in a higher cost of capital and drive investors into other investment opportunities. All K-1s are received and processed by the Alerian MLP ETF. The Alerian MLP ETF distributes a single Form 1099 to its shareholders. This notice is provided to you for informational purposes only and should not be considered tax advice. Please consult your tax advisor for further assistance. If, due to tax law changes or for other reasons, an MLP in the portfolio is deemed to be taxable as a corporation rather than a partnership for federal income purposes, then income would be subject to federal income taxation at the MLP level. This would reduce the amount of cash available for distribution to the fund which could result in a reduction of the fund's value. The Fund is taxed as a regular corporation for federal income purposes, which reduces the net asset value of fund shares by the accrual of any deferred tax liabilities. Depending on the taxes paid by the fund as a result of income and/or gains from investments and/or the sale of MLP interests, the return on an investment in the Fund will be reduced. This differs from most investment companies, which elect to be treated as 'regulated investment companies' to avoid paying entity level income taxes. The ETF is taxed as a regular corporation and is subject to US federal income tax on taxable income at the corporate tax rate (currently as high as 21%) as well as state and local taxes. The Fund is classified for federal income tax purposes as a taxable regular corporation or so-called Subchapter 'C' corporation. As a 'C' corporation, the Fund accrues deferred tax liability for its future tax liability associated with the capital appreciation of its investments and the distributions received by the Fund on equity securities of master limited partnerships considered to be a return of capital and for any net operating gains. The Fund's accrued deferred tax liability, if any, is reflected each day in the Fund's net asset value per share. The deferred income tax expense/(benefit) represents an estimate of the Fund's potential tax expense/(benefit) if it were to recognize the unrealized gains/(losses) in the portfolio. An estimate of deferred income tax expense/(benefit) is dependent upon the Fund's net investment income/(loss) and realized and unrealized gains/(losses) on investments and such expenses may vary greatly from year to year and from day to day depending on the nature of the Fund's investments, the performance of those investments and general market conditions. Therefore, any estimate of deferred income tax expense/(benefit) cannot be reliably predicted from year to year. The Fund employs a 'passive management' - or indexing - investment approach and seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index. Unlike many investment companies, the Fund is not 'actively' managed. Therefore, it would not necessarily sell or buy a security unless that security is removed from or added to the underlying index, respectively. ALPS Advisors, Inc., registered investment adviser with the SEC, is the investment adviser to the Fund. ALPS Advisors, Inc., ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with VettaFi and the Alerian Index Series. ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund. Not FDIC Insured • No Bank Guarantee • May Lose Value About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at About SS&C ALPS Advisors SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over $28.62 billion under management as of March 31, 2025, SS&C ALPS Advisors is an open architecture boutique investment manager offering portfolio building blocks, active insight and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit * Christopher Murphy is a Registered Representative of ALPS Distributors, Inc.
RNZ News
20-05-2025
- Politics
- RNZ News
Japan's Fukushima nuclear wastewater 'pose major environmental, human rights risks'
Storage tanks for contaminated water at the Tokyo Electric Power Company's (TEPCO) Fukushima Daiichi nuclear power plant, in Okuma of Fukushima prefecture in 20 January 2023. Photo: Philip Fong / AFP The United Nations (UN) human rights experts have written to the Japanese government to express their concerns about the release of more than one million metric tonnes of treated nuclear wastewater into the Pacific Ocean. In August 2023, Japan began discharging wastewaster from about 1000 storage tanks of contaminated water collected after the earthquake and tsunami in 2011 that caused the meltdown of its Fukushima nuclear plant. In the formal communication, available publicly , UN Human Rights Council special rappoteurs addressed the the management of Advanced Liquid Processing System (ALPS)-treated wastewater from the Fukushima Daiichi Nuclear Power Station (NPS) by the Japan government and TEPCO (Tokio Electric Power), and the ongoing discharge of such waters into the Pacific Ocean. They said "we are alarmed that the implementation of contaminated water release operations of into the ocean may pose major environmental and human rights risks, exposing people, especially children, to threats of further contamination in Japan and beyond." "We wish to raise our concern about the allegations of the failure to assess the consequences on health of the release of wastewater against the best available scientific evidence," the special rappoteurs write. "Against this backdrop, we would like to highlight that the threats to the enjoyment of the right to adequate food do not concern only local people within the borders of Japan. "Given the migratory nature of fish, their contamination represents a risk also for people living beyond the Japanese borders, including Indigenous Peoples across the Pacific Ocean which, according to their culture and traditions, mainly rely on seafood as their primary livelihood." The letter follows a complaint submitted by Ocean Vision Legal in August 2023 on behalf of the Pacific Network on Globalisation (PANG) and endorsed by over 50 civil society groups in the Pacific and beyond. In a statement on Tuesday, PANG hailed it as "a landmark move for ocean justice and human rights". The organisation said that the destructive legacy of nuclear contamination through nuclear testing is still strongly felt across the region. It said this legacy is marked by severe health impacts across generations and the ongoing failure to properly clean up test sites, which continue to contaminate the islands and waterways that Pacific peoples depend on. "As Pacific groups, we remain disappointed in the Japanese Government and TEPCO's shameless disregard of the calls by numerous Pacific leaders and civil society groups to hold off on any further release," PANG's coordinator Joey Tau said. "Their ignorance constitutes a brazen threat to Pacific peoples' livelihoods, safety, health and well-being, and the sovereignty of Pacific nations," he added. Joey Tau Photo: RNZ Pacific / Lydia Lewis Japan has consistently maintained that the release is safe. The UN human rights experts have asked for further information from Japan, including on the allegations raised, and on how the Radiological Environmental Impact Assessment has been conducted according to the best available scientific evidence. This communication sends a clear message: Ocean issues must be understood as human rights issues, requiring precautionary and informed action aligned with international environmental law to safeguard both people and the marine environment. Ocean Vision Legal founder and CEO Anna von Rebay said while the communication is not legally binding, it is a crucial milestone. "It informs the interpretation of human rights and environmental law in response to contemporary threats, contributing to the development of customary international law and strengthens accountability for any actor harming the Ocean," she said. "Ultimately, it paves the way towards a future where the Ocean's health is fully recognised as fundamental to human dignity, justice, and intergenerational equity."
Business Wire
14-05-2025
- Business
- Business Wire
Alerian Energy Infrastructure ETF Declares Second Quarter Distribution of $0.37707
DENVER--(BUSINESS WIRE)--The Alerian Energy Infrastructure ETF (NYSE Arca: ENFR) declared its second quarter 2025 distribution of $0.37707 on Tuesday, May 13, 2025. The dividend is payable on May 19, 2025 to shareholders of record on May 14, 2025. ENFR Distributions: Ex-Date: Wednesday, May 14, 2025 Record Date: Wednesday, May 14, 2025 Payable Date: Monday, May 19, 2025 ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian MLP ETF and the ALPS | Alerian Energy Infrastructure Portfolio. Please direct any inquiries to info@ or by calling 1-866-759-5679. Important Disclosures An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus containing this and other information, call 1-866-759-5679 or visit Read the prospectus carefully before investing. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemable. All investments are subject to risks, including the loss of money and the possible loss of the entire principal amount invested. Additional information regarding the risks of this investment is available in the prospectus. Investments in securities of Master Limited Partnerships (MLPs) involve risks that differ from an investment in common stock. MLPs are controlled by their general partners, which generally have conflicts of interest and limited fiduciary duties to the MLP, which may permit the general partner to favor its own interests over the MLPs. A portion of the benefits you are expected to derive from the Fund's investment in MLPs depends largely on the MLPs being treated as partnerships for federal income tax purposes. As a partnership, an MLP has no federal income tax liability at the entity level. Therefore, treatment of one or more MLPs as a corporation for federal income tax purposes could affect the Fund's ability to meet its investment objective and would reduce the amount of cash available to pay or distribute to you. Legislative, judicial, or administrative changes and differing interpretations, possibly on a retroactive basis, could negatively impact the value of an investment in MLPs and therefore the value of your investment in the Fund. The Fund invests primarily in a particular sector and could experience greater volatility than a fund investing in a broader range of industries. The Fund may be subject to risks relating to its investment in Canadian securities. Because the Fund will invest in securities denominated in foreign currencies and the income received by the Fund will generally be in foreign currency, changes in currency exchange rates may negatively impact the Fund's return. Investments in the energy infrastructure sector are subject to: reduced volumes of natural gas or other energy commodities available for transporting, processing or storing; changes in the regulatory environment; extreme weather and; rising interest rates which could result in a higher cost of capital and drive investors into other investment opportunities. The Fund employs a 'passive management' - or indexing - investment approach and seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index. Unlike many investment companies, the Fund is not 'actively' managed. Therefore, it would not necessarily sell or buy a security unless that security is removed from or added to the underlying index, respectively. ALPS Advisors, Inc., registered investment adviser with the SEC, is the investment adviser to the Fund. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with VettaFi and the Alerian Index Series. ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund. Not FDIC Insured • No Bank Guarantee • May Lose Value About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at About SS&C ALPS Advisors SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over $28.62 billion under management as of March 31, 2025, SS&C ALPS Advisors is an open architecture boutique investment manager offering portfolio building blocks, active insight and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit
Business Wire
28-04-2025
- Business
- Business Wire
CertifID Announces Partnership with ALPS Insurance to Protect Law Firms from Wire Fraud
AUSTIN, Texas & GRAND RAPIDS, Mich.--(BUSINESS WIRE)--CertifID, a leader in wire fraud protection, announced a partnership with ALPS Insurance, a leading insurer of solo and small law firms in the U.S. The partnership creates a comprehensive solution for attorneys to protect their firms from the growing risk of wire fraud. Law firms that handle the disbursement of large settlement and vendor payments can increasingly become key targets of wire fraud. ALPS Insurance selected CertifID as its sole partner to cover this specific risk for its customers. Share Wire fraud was the second-costliest type of cybercrime reported to the FBI Internet Crime Complaint Center (IC3) last year. Also referred to as business email compromise (BEC), wire fraud attacks employ impersonation and social engineering to trick individuals into sending money to a fraudulent account. Reported losses from BEC have grown eleven-fold in the past decade, from $246 million in 2015 to $2.8 billion in 2024. Attorneys increasingly need coverage against this type of loss. Law firms that handle the disbursement of large settlement and vendor payments can increasingly become key targets of wire fraud. ALPS Insurance selected CertifID as its sole partner to cover this specific risk for its customers. CertifID provides end-to-end wire fraud protection that encompasses: prevention from its fraud intelligence and verification software, and incident response from its proprietary wire fraud insurance and recovery services. The company has been an early pioneer in offering wire fraud insurance coverage since 2020 to address risks outside the protection of other traditional forms of errors and omissions (E&O), personal liability, cyber, and crime policies. 'ALPS Insurance is pleased to partner with CertifID due to the company's impressive track record of consistently keeping their customers safe against the rise in losses from wire fraud,' said David Bell, President and CEO of ALPS Insurance. 'We strongly recommend that our insured attorneys adopt the CertifID solution to protect against the latest risks to modern law firms.' 'CertifID is honored to partner with ALPS Insurance, which has been a leader and innovator in serving the needs of solo and small law firms,' said Tyler Adams, CEO of CertifID. 'We look forward to leveraging our company's experience in successfully protecting law firms to now support ALPS insured attorneys as part of this exciting partnership.' Beginning today, ALPS insured attorneys can purchase a choice of two CertifID packages. The companies will discuss these exclusive offerings in a continuing legal education (CLE) webinar on April 30, 2025. Register to attend the webinar at this link, or visit to learn more. About CertifID CertifID is a leader in wire fraud protection. The company safeguards billions of dollars every month from fraud with advanced software, digital payments, direct insurance, and proven recovery services. Trusted by title companies, law firms, lenders, real estate agents, home buyers and sellers, and others, CertifID provides further peace of mind with up to $2M in direct coverage on every wire it protects. Learn more at: About ALPS Insurance ALPS is the nation's leader in insurance for solo and small law firms and is endorsed by more state bars than any other insurance company. Since 1988, ALPS has been the preeminent provider of legal malpractice insurance, with an emphasis on protection, stability, and commitment to the legal community.
