Americas ETP News
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iShares sees huge jump in inflows
January 9, 2011--New inflows into BlackRock’s iShares European exchange traded funds business exceeded $18bn last year, up around 43 per cent compared with 2010, amid a return by investors to traditional “physical” ETFs that buy the constituents of an index.
Deborah Fuhr, an independent ETF strategist, said potential regulatory changes had encouraged many ETF users to prefer physical products.
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Source: FT.com
CBOE Futures Exchange to Launch Security Futures Trading in Emerging Markets Volatility Index
January 6, 2012--CBOE Futures Exchange, LLC (CFE) announced today that it will launch trading in security futures on the CBOE Emerging Markets ETF Volatility Index (Index ticker: VXEEM; futures symbol: VXEM) on Monday, January 9, pending regulatory approval.
The VXEEM Index reflects the implied volatility of the iShares MSCI Emerging Markets Index exchange-traded fund (ETF) (ticker: EEM). EEM options were the eleventh most actively traded option at CBOE in 2011.
In addition to hedging emerging markets volatility exposure or making direct plays on emerging markets volatility, VXEM security futures — in conjunction with other volatility products — will allow market participants to trade cross-index or cross-asset volatility.
Barclays Capital will be a Lead Market Maker for VXEM security futures.
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Source: CBOE
US Department of the Treasury US Economic Data - Quarterly Update
January 6, 2012--The US Department of the Treasury US Economic Data - Quarterly updates is now available.
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Source: US Department of the Treasury
Van Eck files with the SEC
January 6, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Russia ETF (RSX).
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Source: SEC.gov
State Street files with the SEC
Janaury 6, 2011--State Street has filed a pre-effective amendment, registration statement with the SEC for the SSgA Active ETF Trust.
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Source: SEC.gov
CFTC.gov Commitments of Traders Reports Update
January 6, 2012--The current reports for the week of January 3, 2012 are now available.
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Source: CFTC.gov
Market Vectors Changing Index of Its Russia ETF (RSX)
Largest Russia-Focused ETF Will Begin Tracking Benchmark Providing Unique Pure-Play Approach to Indexing and Sophisticated Liquidity Screens.
January 6, 2011--Effective on or about March 16, 2012, Market Vectors Russia ETF (NYSE Arca: RSX) will begin tracking a new benchmark, the Market Vectors Russia Index (ticker: ticker::MVRSX). MVRSX employs the Market Vectors Index Methodology that focuses on investability.
This methodology is shared by the benchmark indices of several other Market Vector ETFs, among which are Brazil Small-Cap (BRF), Colombia (COLX), Indonesia (IDX), Poland (PLND) and Vietnam (VNM).
We don’t view this as a major change” said Jan van Eck, President of Market Vectors ETF Trust. “RSX will continue to provide investors with a Russia focused ETF but will now include expanded exposure to Russia.”
MVRSX reflects the performance of the largest, most liquid companies doing business in Russia. Since its inception on July 14, 2010, the total return performance of the Market Vectors Russia Index is almost identical to that of the index it is replacing (-6.62%% for MVRSX versus -6.82% for the DAXglobal Russia+ Index).
Source: Market Vectors
VXEEM Index - Launch of Security Futures on Monday
January 6, 2012--CBOE Futures Exchange, LLC (CFE) plans to launch trading in security futures on the CBOE Emerging Markets ETF Volatility Index (index ticker: VXEEM; futures symbol: VXEM) on Monday, January 9, pending regulatory approval. www.cboe.com/VXEEM
The VXEEM Index reflects the implied volatility of the iShares MSCI Emerging Markets Index ETF (ticker: EEM). In addition to managing emerging markets volatility exposure or making direct plays on emerging markets volatility, VXEM security futures - in conjunction with other volatility products - will allow market participants to trade cross-index or cross-asset volatility. Barclays Capital will be a Lead Market Maker for VXEM security futures. EEM options were the eleventh most actively traded option at CBOE in 2011.
For more information on VXEEM, see www.cboe.com/VXEEM
Source: CBOE
ETF provider lowers costs raising prospects of price war
January 5, 2012--A US-based exchange-traded fund provider has cut the cost of its ETFs in a move that makes its products in the equity sector the cheapest in the market.
The provider, Vanguard, reduced the cost of its equity ETFs in the US just before Christmas, raising the prospect of price war among sector players. It is the latest development for a sector that is the focus of a heated debate over risks associated with its offerings.
The move, which Vanguard said is based on economies of scale, will result in its ETFs costing less than State Street Global Investor’s SPDR ETFs, which track Standard & Poor's 500 Index.
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Source: Financial News
State Street Global Advisors Launches Online ETF Education Resource
January 5, 2012--State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT) and creator of SPDR ETFs, today announced the launch of ETF Fact or Fiction (www.etffactorfiction.com), a new website that provides individual investors with a comprehensive, trusted resource for exchange traded fund (ETF) education.
Designed to help investors better understand one of the fastest growing investment vehicles, the new site enhances SPDR ETF’s existing suite of educational resources, which includes www.spdrs.com and SPDR University (www.spdru.com).
Featuring commentary, research, and thought leadership from State Street Global Advisors, ETF Fact or Fiction will detail nuances of the ETF product structure, address common questions and misconceptions, and highlight key industry trends to help investors better evaluate ETFs. Included among the materials available through the website are:
Exchange Traded Funds: A Brief Introduction – an informative presentation that covers ETF basics and benefits, how ETFs compare and contrast to mutual funds, and the role of ETFs in building and maintaining a diversified portfolio;
How ETFs are Created and Redeemed – a concise article that reviews the process through which ETF shares are created, redeemed, and traded;
Separating ETF Facts From Fiction – a new comprehensive report that explores ETFs and the Flash Crash, ETF Tracking Error, the use of derivatives in ETFs, and the impact of securities lending by ETFs; and
Securities Lending & ETFs: An Overview – a new white paper that dissects the securities lending process - including its risks and benefits - and details best practices to mitigate key counterparty, collateral, and operational concerns.
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Source: State Street Global Advisors
