Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Federal Reserve Issues FOMC Statement Of Longer-Run Goals And Policy Strategy
January 25, 2012--Following careful deliberations at its recent meetings, the Federal Open Market Committee (FOMC) has reached broad agreement on the following principles regarding its longer-run goals and monetary policy strategy. The Committee intends to reaffirm these principles and to make adjustments as appropriate at its annual organizational meeting each January.
The FOMC is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates. The Committee seeks to explain its monetary policy decisions to the public as clearly as possible. Such clarity facilitates well-informed decisionmaking by households and businesses, reduces economic and financial uncertainty, increases the effectiveness of monetary policy, and enhances transparency and accountability, which are essential in a democratic society.
Inflation, employment, and long-term interest rates fluctuate over time in response to economic and financial disturbances. Moreover, monetary policy actions tend to influence economic activity and prices with a lag. Therefore, the Committee's policy decisions reflect its longer-run goals, its medium-term outlook, and its assessments of the balance of risks, including risks to the financial system that could impede the attainment of the Committee's goals.
The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation. The Committee judges that inflation at the rate of 2 percent, as measured by the annual change in the price index for personal consumption expenditures, is most consistent over the longer run with the Federal Reserve's statutory mandate. Communicating this inflation goal clearly to the public helps keep longer-term inflation expectations firmly anchored, thereby fostering price stability and moderate long-term interest rates and enhancing the Committee's ability to promote maximum employment in the face of significant economic disturbances.
read more
Source: FBR
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
January 25, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Minera Andes Inc. (TSX:MAI) and US Gold Corp. (NYSE:UXG) have approved the business combination between the two companies.
Minera Andes will be removed from the S&P/TSX Global Mining Index after the close of Thursday, January 26, 2012. Following the acquisition of Minera Andes Inc., US Gold Corp. will change its name to McEwen Mining Inc. and its ticker symbol to MUX. The GICS classification of US Gold Corp. will change from 15104030 to 15104040 effective at the same time as the acquisition of Minera Andes. US Gold Corp. will be removed from the S&P/TSX Global Gold Index as a result of the GICS change. The relative weight of McEwen Mining Inc. will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the acquisition of Minera Andes Inc.
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
Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, January 2012
January 25, 2012--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the January 24-25 meeting of the Committee.
The table will be incorporated into a summary of economic projections released with the minutes of the January 24-25 meeting. Summaries of economic projections are released on an approximately quarterly schedule.
View Projection Materials
Source: FRB
CFTC Releases Results of Limited Reviews of Futures Commission Merchants
CFTC did not find any material breaches of customer funds protection requirements during the spot check
January 25, 2012--The Commodity Futures Trading Commission (CFTC or Commission) today released findings of limited reviews of futures commission merchants (FCMs) to assess compliance with requirements to segregate customer funds pursuant to Section 4d of the Commodity Exchange Act (ACT).
The limited reviews also covered the FCMs’ obligation to set aside in secured accounts funds deposited by customers for trading on foreign boards of trade under Section 4(b) of the Act and Part 30 of the Commission’s regulations. As of the review date for each FCM, all of the FCMs were in compliance with the segregation or Part 30 secured amount requirements.
Last fall, after the collapse of MF Global, Inc., the Commission initiated a coordinated review with the CME and NFA of all FCMs that carried customer funds to assess compliance with the protection of customer funds and Commission regulations. There were 120 FCMs registered with the Commission as of October 31, 2011. Seventy of the FCMs held Section 4d segregated funds or Part 30 secured amount funds, and were subject to the limited reviews. The remaining 50 FCMs did not carry customer segregated or Part 30 secured funds, and were not subject to the limited reviews.
read more
Source: CFTC.gov
CFTC Staff to Host Public Roundtable to Discuss the “Available to Trade” Provision for Swap Execution Facilities and Designated Contract Markets
January 25, 2012-Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on January 30, 2012, from 9:30 a.m. to 1:30 p.m., to discuss the proposed regulations to implement the “available to trade” provision of the trade execution requirement set forth in Section 2(h)(8) of the Commodity Exchange Act pursuant to Section 723 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The roundtable will discuss: 1) the filing process under Part 40 of the Commission’s regulations for a designated contract market (DCM) or swap execution facility (SEF) to notify the Commission that it has determined that a swap is “available to trade”; 2) the factors that a DCM or SEF must consider to make an “available to trade” determination; and 3) the meaning and parameters of “economically equivalent swap.” The roundtable will assist the CFTC in the rulemaking process.
read more
Source: CFTC.gov
BondEdge Solutions Expands ETF Library With iShares ETFs
Addition of 35 iShares Fixed Income ETFs to BondEdge Helps Insurance Professionals and Asset Managers Broaden Portfolio Management Capabilities
January 25, 2012--BondEdge Solutions, an Interactive Data company and leading provider of fixed income portfolio management software, today announced the addition of BlackRock Inc.'s (NYSE: BLK - News) iShares Exchange Traded Funds (ETFs) to the BondEdge ETF Library.
Insurance companies and other institutional asset managers are looking to implement portfolio strategies utilizing exchange traded funds," said Keith Webster, managing director, BondEdge Solutions. "Our clients have expressed the need for the ability to analyze ETFs in their portfolio analytics platforms. We are pleased to partner with a world-leading ETF provider to be among the first to offer a solution that incorporates ETF analytics capabilities and to help our clients manage portfolio risk more effectively."
read more
Source: Interactive Data Corporation
AdvisorShares Set to Launch Accuvest Global Opportunities ETF (ACCU)
ACCU Utilizes a Global Country Rotation Strategy that Seeks to Generate Alpha Above Global Benchmarks
January 25, 2012-- AdvisorShares Investments, a leading sponsor of actively managed Exchange Traded Funds (ETFs), today announced that the AdvisorShares Accuvest Global Opportunities ETF begins trading tomorrow, January 26th. ACCU is managed by Accuvest Global Advisors ("Accuvest"), a Walnut Creek, CA-based investment adviser that manages over $300 million in global portfolio assets.
Accuvest also manages the AdvisorShares Global Long Short ETF.
ACCU implements a global country rotation strategy that seeks long-term capital appreciation in excess of global equity benchmarks such as the MSCI All Country World Index. Accuvest, who pioneered the use of single-country ETFs to create top-down global equity strategies, utilizes ACCU's proprietary country ranking model which sorts countries from most attractive to least attractive, on a monthly basis, based on a broad range of nearly 40 different factors. Single-country ETFs from the 5-6 highest-ranked countries then form ACCU's portfolio.
read more
Source: AdvisorShares
First Trust files with the SEC
January 25, 2012--First Trust has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
SEC Filing- SPDR S&P 500 ETF TRUST
January 25, 2012--A post-effective amendment, registration statement has been filed for the SPDR S&P 500 ETF TRUST.
view filing
Source: SEC.gov
Legg Mason files with the SEC
January 25, 2011--Legg Mason has filed a post-effective amendment, registration statement with the SEC for the Legg Mason Batterymarch S&P 50 Index Fund.
view filing
Source: SEC.gov
