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Guggenheim Investments to Rename Rydex Specialized Products Guggenheim Specialized Products
March 30, 2012--Guggenheim Investments, the investment management division of Guggenheim Partners, LLC, today announced that effective Friday, March 30, 2012 Rydex Specialized Products LLC, the sponsor of the firm's CurrencyShares(R) product line-up, will officially be renamed Guggenheim Specialized Products, LLC.
This rebranding comes as a part of Rydex|SGI's integration into Guggenheim Partners, LLC to form Guggenheim Investments.
Pimco ETF Rakes In Cash Despite Continued Stock Rally read more BlackRock rebrands Claymore ETFs as iShares read more
Horizons ETFs Announces Unit Consolidations
Unit Consolidations
After the Toronto Stock Exchange (the "TSX") has closed for trading on Thursday, April 12, 2012 , the units of the ETFs will be consolidated on the basis of the ratios (the "Consolidation Ratios") set out below, and will begin trading on a consolidated basis on Friday, April 13, 2012 , the effective date of the consolidations: read more Schwab considers warnings on controversial exchange-traded products read more Passive approach begins to gain currency read more Auspice eBeta Enhanced Indices Licensed for New Funds read more Chaos Over a Plunging Note read more
March 30, 2012--On February 6, 2012, Singapore Exchange Derivatives Trading Limited (SGX) requested expedited Commodity Futures Trading Commission (CFTC) review of the SGX's Euro Stoxx 50 Index futures contract so that it may be offered to U.S. persons.
SGX also requested that the contract may be made available through direct access terminals in the United States.
Source: CFTC.gov
March 30, 2012--nvestors have flocked to Pimco's new bond ETF, which has raked in the second-most assets of any such fund during the first quarter.
Though trading for just a month, the Pimco Total Return Exchange-Traded Fund took in $264 million since launching March 1, according to data from ConvergEx and XTF Rating Service.
Source: CNBC
March 30, 2012--BlackRock Investments Canada Inc., which acquired exchange-traded fund provider Claymore Investments Inc. three weeks ago, has killed the Claymore brand.
Nearly all the Claymore ETFs were rebranded Thursday to the iShares name. Ticker symbols for these funds listed on the Toronto Stock Exchange remain unchanged.
Source: Globe and Mail
March 30, 2012--Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management ( Canada ) Inc., the manager and trustee of the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF, Horizons BetaPro NYMEX® Long Natural Gas/Short Crude Oil Spread ETF and the Horizons Winter-Term NYMEX
Natural Gas ETF (together, the "ETFs"), has announced today that it intends to consolidate the units of the ETFs, as indicated below:
Source: Horizons ETFs Management (Canada) Inc.
March 30, 2012--Discount brokerage Charles Schwab Corp is reviewing whether to add a warning when a customer is about to trade certain exchange-traded products, in one of the strongest warnings yet for retail investors about these esoteric securities.
The move follows the sudden plunge in an exchange-traded note called VelocityShares Daily 2X VIX Short-Term ETN, or TVIX, which lost 60 percent of its value last week.
Source: Reuters
March 30, 2012--The use of exchange-traded funds (ETFs) has grown significantly as investors continue to seek cheaper ways of gaining exposure to certain asset classes over more expensive actively managed strategies.
While ETFs have proved popular vehicles to gain passive exposure to equities, bonds and commodities, currency is something of a late comer to the party and it is only recently that exchange traded products (ETPs) offering exposure to the asset class have started to gain ground.
Source: FT.com
MArch 29, 2012--Auspice Capital Advisors Ltd. (Auspice), a leading alternative investment manager has recently entered into partnerships with two leading North American fund providers, which have both licensed the Auspice eBetaTM Enhanced Indices to use in new mandates.
Auspice has entered into a partnership with Direxion Funds of New York to license the Auspice Broad Commodity ER Index and Auspice Managed Futures ER Index for distribution to U.S. investors in a mutual fund format. The two U.S. based mutual funds will seek to replicate the performance of the Auspice Broad Commodity ER Index and Auspice Managed Futures ER Index. The mutual funds both launched February 1st with the following tickers: DXCTX:US and DXMAX:US.
Source: Auspice Capital Advisors, Ltd.
March 29, 2012--Regulators are examining volatile trading in a complex exchange-traded note that caused it to lose 60% of its value in the past week.
The Securities and Exchange Commission is looking into the VelocityShares 2x Long VIX Short Term Exchange note, managed by Credit Suisse Group AG, which had about $700 million in assets before the decline, according to people familiar with the matter. The SEC review is preliminary, the people said.
Source: Wall Street Journal
