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Guggenheim Investments to Close and Liquidate Eight Exchange Traded Products (ETPs) in March
Firm Remains Committed To ETP Suite; Ranks Eighth Largest U.S. ETP Provider Affected ETPs account for less than 1% of Guggenheim Investments' Exchange Traded Product (ETP) Business
February 22, 2012--Guggenheim Investments, the investment management division of Guggenheim Partners, LLC, today announced that it will close and liquidate eight exchange traded products ("ETPs") in order to focus resources on products that have demonstrated the most marketplace demand.
In February 2012, the Boards of Trustees of the Claymore Exchange-Traded Fund Trust and the Claymore Exchange Traded Fund Trust 2 (together, the “Claymore ETF Trusts”) and the Rydex ETF Trust approved the closing and subsequent liquidations of six exchange-traded funds ("ETFs"). Additionally, Rydex Specialized Products LLC ("Sponsor") announced plans to close and liquidate two of the CurrencyShares® Trusts that it sponsors. These eight offerings account for approximately $105 million in assets, or less than 1% of Guggenheim Investments’ total $11.9 billion in exchange-traded assets.1 Friday, March 23, 2012 will be the last day of trading on the NYSE Arca, Inc. ("NYSE Arca") for shares of the following ETPs:
CurrencyShares® Russian Ruble Trust (FXRU) 2
CurrencyShares® Mexican Peso Trust (FXM)2
Guggenheim EW Euro-Pacific LDRs ETF (NYSE Arca: EEN)3
Guggenheim International Small Cap LDRs ETF (NYSE Arca: XGC)3
Guggenheim Ocean Tomo Growth Index ETF (NYSE Arca: OTR)3
Guggenheim Ocean Tomo Patent ETF (NYSE Arca: OTP)3
Guggenheim Sector Rotation ETF (NYSE Arca: XRO)3
Rydex MSCI All Country World Equal Weight ETF (NYSE Arca: EWAC)
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Source: Guggenheim
iShares And First Trust Launch Batch Of New ETFs
February 22, 2012--iShares, the world's largest ETF family, has spawned the first sector-specific bond ETFs:
1. iShares Financial Sector Bond Fund (MONY)
2. iShares Industrials Sector Bond Fund
3. iShares Utilities Sector Bond Fund
Those hold bonds issued by financial, industrial and utilities companies.
The average coupon in the MONY index is 5.3% with an average maturity of eight years.
read more.
Source: Investors.com
Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
February 22, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The Toronto Stock Exchange announced today in the Daily Bulletin that the shares of Rio Alto Mining Limited (TSXVN: RIO.V - News) will graduate to trade on TSX at the open of trading on Friday, February 24, 2012.
The ticker symbol will remain "RIO" and the CUSIP number will remain 76689T 10 4. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Thursday, February 23, 2011 .
Rio Alto Mining is also a constituent of the S&P/TSX Venture Select Index. The company will be removed from this index effective after the close of Thursday, March 1, 2012 , at which time it will be listed on TSX.
The company is also a constituent of the S&P/TSX Venture 30 Index. According to methodology, it will remain in this index while trading on TSX until the next semi-annual review of the index in August, 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
Barclays files with the SEC
February 22, 2012--Barclays has filed a form 424B2 with the SEC for the Notes linked to the Barclays Capital Voyager III DJ-UBSCISM Excess Return Index due February 27, 2014, Global Medium-Term Notes, Series A, No. C-384.
view filing
Source: SEC.gov
ProShares files with the SEC
February 22, 2012--ProShares has filed a pre-effective amendment to Form S-1 Registration statement with the SEC. This Registration Statement contains a preliminary prospectus that includes 26 Geared Currency series of the Registrant.
view filing
Source: SEC.gov
Federated Files with the SEC
February 22, 2012-Federated Investment Management Company has filed an application for exemptive relief with the SEC for actively-managed ETFs.
view filing
Source: SEC.gov
iShares files with the SEC-iShares Emerging Markets Local Currency Bond Fund
February 22, 2012-iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Emerging Markets Local Currency Bond Fund.
view filing
Source: SEC.gov
SEC Filing-SPDR Dow Jones Industrial Average ETF Trust
February 22, 2012--SEC Filing-SPDR Dow Jones Industrial Average ETF Trust-POST Effective Amendment N0. 15 to Form S-6.
view filing
Source: SEC.gov
iShares files with the SEC
February 22, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Barclays 0-5 Year TIPS Bond Fund.
view filing
Source: SEC.gov
CFTC to delay vote again on swap dealer definition
February 21, 2012--The U.S. futures regulator again delayed a vote on a long-awaited rule that would impose tougher rules on the swaps market by defining who will be a designated swap dealer, making it clearer which energy companies, banks and other firms will have to set aside more funds to cover their deals.
The U.S. Commodity Futures Trading Commission had been scheduled to vote on Thursday on regulations that would define a "swap dealer" and "major swap participant," subjecting them to costly and onerous regulations. The agency removed the rule from its agenda but did not give a reason.
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Source: Reuters
