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VelocityShares Launches Suite of Eight First‐to‐Market Precious Metals‐Related ETNs including 3x Leveraged Long and Inverse Gold and Silver and 2X Leveraged Long and Inverse Platinum and Palladium ETNs

October 17, 2011--VelocityShares LLC, creator of exchange traded products for professional traders, announces the launch of eight first‐to‐market leveraged and inverse precious metals‐related Exchange Traded Notes (ETNs) on the NYSE Arca stock exchange. The new VelocityShares ETNs represent the first suite of 3x and 2x leveraged long and inverse precious metals exchange traded instruments to be listed in the US. The new ETNs are in a response to demand for instruments to manage risk and express tactical views in the precious metals market. The ETNs provide institutional traders a means of managing their precious metals exposures and expressing market views.

“Precious metals trading volumes have been on the rise, and institutional traders are looking for alternative ways to implement their positions.” said Nick Cherney, Co‐founder and Chief Investment Officer of VelocityShares. “This launch further emphasizes our commitment to developing the sophisticated exchange traded products needed by professional trading community.”

Credit Suisse AG is the issuer of the ETNs and VLS Securities LLC, a wholly owned subsidiary of VelocityShares LLC, is marketing the ETNs.

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Source: VelocityShares


Spotlight falls on exchange-traded fund securities lending

October 17, 2011--Exchange-traded funds came in for further criticism last week as investors raised fresh concerns about ETF providers lending out underlying securities of the physical product.
Many providers lend securities to those who want to short stocks, but rarely disclose information about how many shares are on loan or what collateral they hold as security.

Some market participants have said the practice of securities lending, which carries the risk that the borrower of the securities could default and that the collateral transferred will not be sufficient to repurchase the securities, remains opaque.

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Source: Financial News


ETFS US Precious Metals Weekly: Gold Demand Surges as Gold Price Decline Attracts Investors

October 17, 2011--Physical gold buying, including Krugerrand coins, rises sharply as lower price attracts investors. The chairman of the South African Gold Coin Exchange announced that Krugerrand gold coin demand had hit an all time high over the past few weeks as the Standard Bank Gold Physical Flow Index saw its highest reading since its inception in 2009. The Shanghai Gold Exchange saw its highest daily turnover on record at the start of last week.

Thomson Reuters GFMS increases Central bank gold demand estimate for 2011 49% last week to 500 tons on strong central bank buying. The near double digit drop in prices over the past month may have been a key factor attracting an acceleration in central bank buying, led by emerging markets including Thailand and Russia. These countries tend to have a relatively low proportion of reserves as gold, suggesting possible long term strategic diversification. Central banks have emerged as a key new source of demand after being a net supplier over much of the past decade. GFMS forecast 2011 central bank demand is equivalent to 12% of total global demand last year.

Gold price rises for 2nd consecutive week, platinum group metals prices stabilize. Precious metals prices found their feet last week as markets took comfort from Fed hints that expanded quantitative easing could not be ruled out if US activity indicators deteriorate further. Acute concerns surrounding global growth have pushed the gold:platinum spot price ratio to its highest level on record over recent week in a market characterized by a broad based de-leveraging.

South African gold production falls the most in 19 months as labour disputes continue to weigh on African precious metal mine production. Gold production fell almost 20% yoy in August, partially reflecting a mine strike. Meanwhile Northam Platinum, the world’s 8th largest platinum producer, announced that it is in a formal dispute with the National Union of Mineworkers after the union pressed for wage increases of up to 20%. No.2 platinum producer Impala Platinum announced wage growth of 8-10% over the next two years in the week prior. Labour costs accounted for one-quarter of the 16% rise in platinum cash costs last year, after allowing for exchange rate fluctuations according to Thomson Reuters GFMS. Recent wage negotiations suggest that this trend higher in costs should continue to provide medium term support for precious metals prices.

Event risk surrounding European debt discussions looms as the major market focus this week in the run-up to the G20 summit on November 3-4. German officials have been talking down the prospect of an all-encompassing deal to mend market worries over European sovereign debt, rejecting G20 calls that a comprehensive package be reached by next weekend’s European leaders meeting. ETFS research suggests that if the 2008 credit crisis is a guide, gold prices could see the fastest return to growth when current high uncertainty and volatility eventually subside. The recent gold price correction brings gold prices back to their 10 year growth trend, with little evidence to date that prices have witnessed the exponential gains associated with recent financial market ‘bubbles’.

visit www.etfsecurities.com for more info

Source: ETF Securities


Russell Investments Expands Defensive and Dynamic Indexes to Global Markets

Russell’s innovative investment style indexes add global stock coverage to help investors better navigate increasingly complex and volatile global markets.
October 17, 2011--Russell Investments, a pioneer in the notion of multi-factor style investing, today announced that its Defensive and Dynamic Indexes, introduced in February 2011, will expand coverage beyond the U.S. stock universe to the 10,000 stocks tracked by Russell Indexes globally.

“Russell has expanded the scope of our Defensive and Dynamic Indexes in response to increased interest from investors in applying our new methodology to a broader set of stocks and markets and viewing the global markets in a more defensive way,” said Rolf Agather, global director of research and innovation for Russell Indexes. “In a time of heightened volatility, investors still seek long-term capital appreciation, but are increasingly concerned about risk. Our insight into investment manager and capital markets behavior has enabled us to create new tools that can help all types of global investors across a range of market cycles.”

Russell Indexes, a pioneer in the evolution of style investing, first introduced capitalization-weighted indexes and, later, multi-factor growth and value style indexes to the market. Russell took a further step by introducing the Defensive and Dynamic Indexes in early 2011 as a way for investors to go beyond traditional style measures to consider quality and volatility in addition to stock price measures in evaluating companies.

The Russell Global Defensive and Dynamic Indexes split the broad equity market in half based on a combination of stability factors; the more stable half of the market is called “Defensive” and the less stable half is called “Dynamic.” In addition, the new indexes follow the same global-relative composition as the Russell Global Indexes. Stocks are ranked by sector and style across regions, rather than country-by-country, to better reflect how investors now approach the global markets. The result is a set of benchmarks representing the global investable universe, with the potential to reflect a more attractive return with less relative risk than the broad market across a range of investment cycles.

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Source: Russell Investments


Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index

October 17, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, October 17, 2011: PNI Digital Media Inc. (TSXVN:PN) will be removed from the index.

The company will graduate to trade on TSX under the same ticker symbol.

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


Standard & Poor's Announces Changes In The S&P/TSX Venture Composite, Venture Select And Venture 30 Indices

October 17, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Indices:
The Toronto Stock Exchange announced today in the Daily Bulletin that the shares of Prophecy Coal Corp. (TSXVN:PCY) will graduate to trade on TSX at the open of trading on Wednesday, October 19, 2011.

The ticker symbol will remain "PCY" and the CUSIP number will remain 74346B 10 3. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Tuesday, October 18, 2011.

Prophecy 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 Monday, October 24, 2011, at which time it will be listed on TSX.

The Toronto Stock Exchange also announced today in the Daily Bulletin that the shares of New Millennium Iron Corp. (TSXVN:NML) will graduate to trade on TSX at the open of trading on Wednesday, October 19, 2011. The ticker symbol will remain "NML" and the CUSIP number will remain 64753V 10 6. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Tuesday, October 18, 2011.

New Millennium 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 Monday, October 24, 2011, at which time it will be listed on TSX. The company is also a constituent of the S&P/TSX Venture 30 Index. It will remain in this index, according to methodology, until the next index review after the end of January, 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


Dim-sum ETFs raise liquidity concern

October 17, 2011--Three exchange traded funds launched in the US to track the return on renminbi-denominated bonds may have trouble trading the debt securities they are meant to track because of limited liquidity in the market for so-called “dim-sum” bonds.

The renminbi bond market has grown rapidly. Some Rmb72bn ($11.3bn) of debt has been issued this year according to Dealogic, twice the total for 2010, by the Chinese government and companies and international corporations such as Caterpillar and Volkswagen.



Source: FT.com


Senate Hearings-Market Microstructure: Examination of Exchange-Traded Funds (ETFs).

October 17, 2011--On October 19, 2011, the Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment will meet in OPEN SESSION to conduct a hearing entitled “Market Microstructure: Examination of Exchange-Traded Funds (ETFs).” The witnesses will be: Ms. Eileen Rominger, Director, Division of Investment Management, U. S. Securities and Exchange Commission; Mr. Eric Noll, Executive Vice President Transaction Services, NASDAQ OMX; Mr. Noel Archard, Managing Director, BlackRock I-Shares; and

Mr. Harold Bradley, Chief Investment Officer, Ewing Marion Kauffman Foundation. Additional witnesses may be added at a later date.

All hearings are webcasted live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

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Source: U.S. Senate Committee on Banking, Housing, and Urban Affairs


WisdomTree files with the SEC

October 17, 2011--WisdomTree has filed a Form S-1 registration statement with the SEC.

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Source: SEC.gov


Federal Reserve Board Approves Final Rule Implementing The Resolution Plan Requirement Of The Dodd-Frank Act

October 17, 2011--The Federal Reserve Board on Monday announced the approval of a final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The final rule requires bank holding companies with assets of $50 billion or more and nonbank financial firms designated by the Financial Stability Oversight Council for supervision by the Board to annually submit resolution plans to the Board and the Federal Deposit Insurance Corporation.

Each plan will describe the company's strategy for rapid and orderly resolution in bankruptcy during times of financial distress. A resolution plan must include a strategic analysis of the plan's components, a description of the range of specific actions the company proposes to take in resolution, and a description of the company's organizational structure, material entities, interconnections and interdependencies, and management information systems.

Under the final rule, companies will submit their initial resolution plans on a staggered basis. The first group of companies, generally those with $250 billion or more in non-bank assets, must submit their initial plans on or before July 1, 2012; the second group, generally those with $100 billion or more, but less than $250 billion, in total non-bank assets, must submit their initial plans on or before July 1, 2013; and the remaining companies, generally those subject to the rule with less than $100 billion in total non-bank assets, must submit their initial plans on or before December 31, 2013.

view final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act

Source: Federal Reserve Board


SEC Filings


July 28, 2025 GreenFi Funds Trust files with the SEC
July 28, 2025 Hotchkis and Wiley Funds files with the SEC
July 28, 2025 Schwab Strategic Trust files with the SEC-Schwab Ariel ESG ETF and Schwab Crypto Thematic ETF
July 28, 2025 AB Active ETFs, Inc. files with the SEC-3 ETFs
July 28, 2025 Tidal Trust II files with the SEC-Tactical Advantage ETF

view SEC filings for the Past 7 Days


Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)

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Asia ETF News


July 22, 2025 Nikko AM Introduces ChiNext ETF on Singapore Exchange under ETF Link, Tied to E Fund's Onshore ETF
July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange

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Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

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Middle East ETP News


July 14, 2025 Kuwait bourse to return to debt listing and trade in 2025

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Africa ETF News


July 04, 2025 South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued
July 01, 2025 Africa's Trade Projected to Hit $1.5 Trillion in 2025
June 26, 2025 National stock exchange launched in Somalia
June 24, 2025 East Africa's regional 20 share index

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ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators

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White Papers


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