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Statement, Open Meeting of the Commodity Futures Trading Commission, Washington, DC
Commissioner Bart Chilton
January 11, 2012--
When Things Go Wrong
My mother used to say sometimes you need to see what things look like when they go really wrong, in order to appreciate how good you had it when things were going right.
Well, we’ve had a few things go really, really wrong in the past couple of months, and it’s made us think about how good we had it.
I’m talking, of course, about MF Global, and how, for so many years, we had the confidence that customer funds were so very well protected by the federal commodities segregated account statutes and regulations. But MFG was a stone-cold, Sumatra-bold, no-holds barred wake-up call—this was a hit to the very heart of who we are as regulators and who we are as an industry. Most importantly, it is now a constant, clanging bell alerting us that we have to change in order to ensure that customer funds—taxpayers’ money—are taken care of, first and foremost, before anything else.
read more
Source: CFTC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
January 11. 2011--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Emerge Oil & Gas Inc. (TSX:EME) and Twin Butte Energy (TSX:TBE) have approved the business combination between the two companies.
Emerge Oil & Gas will be removed from the S&P/TSX SmallCap and the S&P/TSX Equity SmallCap Indices after the close of Friday, January 13, 2012.
At the same time, the relative weight of Twin Butte Energy Ltd. will increase in the S&P/TSX SmallCap and the S&P/TSX Equity SmallCap Indices to reflect the issuance of shares as part of the acquisition of Emergy Oil & Gas 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
BlackRock to acquire Claymore Investments
January 11, 2012--BlackRock, Inc. has struck a deal to buy exchange traded fund (ETF) provider Claymore Investments from Guggenheim Partners, LLC. BlackRock already owns the iShares line of ETFs, which manages the lion’s share of ETF assets in Canada.
“This transaction brings together two innovative investment fund providers and creates an unparalleled opportunity to serve our Canadian clients,” said Bill Chinery, head of BlackRock Canada. “Claymore Canada brings a complementary set of ETFs to the world-class iShares range of products and enhances our ability to compete against other investment fund providers in Canada.”
read more
Source: Advisor.ca
ETF assets rise in 2011
January 11, 2012--In 2011, exchange-traded fund (ETF) assets increased USD51 billion, or 5.1%, according to the ETF Industry Association. As of year-end 2011, ETF assets totaled USD1.045 trillion, among 1,166 products (including 26 funds of funds).
Although other ETF asset classes, such as fixed income and commodities, have grown rapidly, equities (excluding the real estate category) still accounted for 70% of ETF assets at year end.
This included USD501 billion in US equity ETFsv and USD231 billion in global/international equity ETFs, according to the ETF Industry Association. The association reports that net cash inflow for ETFs in December 2011 was USD16 billion, bringing the full-year total to USD115 billion, or 2.1% above 2010.
read more
Source: Canadian ETF Watch
BM&FBOVESPA announces 2011 market performance
January 11, 2012--BM&FBOVESPA announced 2011 market performance. Historic records set in 2011:
Financial volume and number of transactions in the equity market;
Total number of contracts traded, DI futures contracts traded and of corn futures contracts and options on corn futures traded in the Derivatives Market;
Financial volume and number of equity lending transactions.
read more
Source: BM&FBOVESPA
First TRust files with the SEC State Street files with the SEC view filing PowerShares files with the SEC view filing BlackRock deal creates ETF powerhouse in Canada read more ETRACS ETNs Occupy Top Two Performance Spots in 2011 for Master Limited Partnership (“MLP”) Exchange Traded Products read more
January 11, 2011--First Trust has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
January 11, 2012-State Street has filed a post-effective amendment, registration statement with the SEC for the SPDR S&P® Small Cap Emerging Asia Pacific ETF (GMFS).
Source: SEC.gov
January 11, 2012--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares S&P International Developed Low Volatility Portfolio (IDLV) and
PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV)
Source: SEC.gov
January 11, 2012--BlackRock Inc. is forging ahead with ambitious growth plans for the Canadian market, striking a deal for Claymore Investments Inc. that unites the country’s top two sellers of exchange-traded funds.
The deal between BlackRock, the world’s biggest asset manager, and Claymore comes just after U.S. fund powerhouse Vanguard Group Inc. made its assault on Canada last month with its first suite of low-fee ETFs that compete directly against BlackRock’s iShares offerings.
Source: Globe and Mail
January 10, 2012--UBS Investment Bank today announced that ETRACS MLP ETNs were the top two performing exchange-traded notes (“ETNs”) or exchange-traded funds (“ETFs”) linked to a MLP index in 2011.*
MLP ETNs and ETFs are exchange-traded securities designed to deliver the performance of an underlying MLP index. The table below summarizes the performance of all US-traded MLP ETNs and ETFs that were listed on a U.S. securities exchange for full-year 2011:
Source: Yahoo Finance
