Americas ETP News
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OCC Announces 2% Decrease in Cleared Contract Volume in February while Stock Loan Activitiy Rose 7%
March 1, 2012--OCC announced today that total cleared contract volume in February reached 351,702,360 contracts, representing a 2 percent decrease from the February 2011 volume of 357,275,834 contracts. OCC's year-to-date total contract volume is down 7 percent from 2011 with 688,925,298 contracts.
Options: Exchange-listed options trading volume reached 349,463,168 contracts in February, a 1 percent decrease from February 2011. Equity options volume fell 3 percent from the previous February with 323,293,320 contracts. Index options trading rose 18 percent from February 2011 with 26,169,848 contacts. Average daily options volume for the month of February was 17,473,158 contracts.
Futures: OCC cleared 2,239,192 futures contracts in February, a 27 percent decrease from February 2011. Equity futures volume was up 33 percent from February 2011 with 237,197 contracts. Index and other futures volume came in at 2,001,960 contracts, a 31 percent decrease from February 2011. OCC cleared an average of 111,960 futures contracts per day during the month of February.
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Source: OCC
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
March 1, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shares of Titan Uranium Inc. (TSXVN:TUE) will be removed from the S&P/TSX Venture Composite Index after the close of March 1, 2012.
Pursuant to a Plan of Arrangement, the shares of the company will be delisted from the TSX Venture Exchange having been acquired by Energy Fuels Inc. (TSX:EFR) in a share swap.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
PIMCO Introduces the Total Return ETF: TRXT
March 1, 2012--PIMCO, a leading global investment management firm, has introduced the PIMCO Total Return Exchange-Traded Fund (Ticker: TRXT), providing investors and financial advisors with a new way to access the firm's Total Return strategy. TRXT is managed by PIMCO's founder and co-Chief Investment Officer William H. Gross.
"For 40 years, PIMCO has created investment strategies designed to help our clients reach their goals, delivered in the vehicle that they determine is best for them," said Mr. Gross. "The Total Return ETF harnesses PIMCO's time-tested investment process and our skills as an active manager, and we believe it signals an important new phase in the development of the ETF marketplace."
TRXT is designed to be a diversified portfolio of high quality bonds that is actively managed with the aim of maximizing return and managing risk. Some of its potential benefits include:
Direct access to PIMCO's portfolio management expertise, including global credit analysis and interest rate forecasting.
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Source: PIMCO
Vanguard Announces Changes to Cash Distribution Frequency for the Vanguard ETFs
February 29, 2012--Vanguard Investments Canada Inc. today announced that effective September 2012, the cash distributions of certain Vanguard exchange-traded funds (ETFs) listed on Toronto Stock Exchange (TSX) will be paid out quarterly instead of annually.
Details of the changes are as follows:
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Source: Vanguard
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
February 29, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Quadra FNX Mining Ltd. (TSX:QUX) have accepted the $CDN15.00 cash per share offer from KGHM Polska Miedz SA.
Quadra FNX Mining will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Global Mining, Global Base Metals and Equal Weight Global Base Metals, the S&P/TSX Composite Equal Weight, the S&P/TSX Capped Materials and the S&P/TSX Capped Diversified Metals & Mining Indices effective after the close of Wednesday, March 7, 2012.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
Guggenheim Investments to Rename Legacy Rydex|SGI ETFs With Guggenheim Name
February 29, 2012--Guggenheim Investments, the investment management division of Guggenheim Partners, LLC, today announced that effective March 1, 2012, 27legacy Rydex|SGI exchange traded funds ("ETFs"), will be renamed with the Guggenheim name.
The rebranding of these ETFs comes as a part of Rydex|SGI's integration into Guggenheim Partners, LLC existing investment management business to create Guggenheim Investments.
The name changes were approved by the Board of Trustees of the Rydex ETF Trust in February 2012. The ETF name transition affects all of the series of the Rydex ETF Trust. The ETFs will start trading under the Guggenheim name on the NYSE Arca at market open on Thursday, March 1, 2012. Existing ticker symbols and CUSIPs for these issues will not change. The following is a list of the new ETF issue names.
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Source: Guggenheim Investments
Horizons ETFs Launches Advisor Class for its Long/Short Index ETF
February 29, 2012--Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce the launch of the Advisor Class of the Horizons S&P/TSX 60 130/30TM Index ETF ("HAH").
The Advisor Class is a new class of units of HAH through which advisors will be directly compensated with a service fee on a trailing quarterly basis (the "Service Fee"). The only difference between the Advisor Class units and the existing Class E units of HAH is that the Advisor Class charges a higher management fee that includes the 0.75% annual Service Fee paid to the advisor. The purchase and sale process for the Advisor Class is identical to that of any other exchange traded fund listed on the Toronto Stock Exchange ("TSX").
The Advisor Class of HAH will begin trading on the TSX today under the ticker symbol HAH.A.
HAH seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the S&P/TSX 60 130/30 Strategy Index™ (the "Long/Short Index").
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Source: Horizons Exchange Traded Funds
Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
February 29, 2012--Standard S& Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Quadra FNX Mining Ltd. (TSX:QUX.TO-News) have accepted the $CDN15.00 cash per share offer from KGHM Polska Miedz SA.
Quadra FNX Mining will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Global Mining, Global Base Metals and Equal Weight Global Base Metals, the S&P/TSX Composite Equal Weight, the S&P/TSX Capped Materials and the S&P/TSX Capped Diversified Metals & Mining Indices effective after the close of Wednesday, March 7, 2012 .
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Source: Standard & Poors
Bernanke says Volcker rule won't be ready by July
February 29, 2012--U.S. regulators are unlikely to have the Volcker rule ready by a July deadline, Federal Reserve Chairman Ben Bernanke said on Wednesday of the proposal to curb financial risk-taking that has met opposition from banks.
The Volcker rule cracks down on banks' trading with their own funds for profit. Opponents say it is too restrictive and could drive up the cost of borrowing.
The rule is one of the most controversial aspects of the 2010 Dodd-Frank financial oversight law.
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Source: Reuters
Cambria files with the SEC
February 29, 2012--Cambria Investment Management, Inc. has filed an amended application for exemptive relief with the SEC for actively-managed ETFs.
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Source: SEC.gov
