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PowerShares FTSE RAFI US 1500 Small-Mid Portfolio
Fundamental Index® Strategy Outperforms Russell 2000® and S&P 600, Market-Cap-Weighted Indexes over Five-Year Period
October 6, 2011--Invesco PowerShares Capital Management LLC, a leading provider of exchangetraded
funds (ETFs) with more than $52 billion in franchise assets, today announced the five-year anniversary of
the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (NASDAQ: PRFZ).
The PowerShares FTSE RAFI US 1500 Small-Mid Portfolio is part of the first retail suite of investment products to
provide investors access to the passive Research Affiliates® Fundamental Index (RAFI®) methodology. This
award-winning index methodology uses four fundamental measures of company size: book value, cash flow,
sales and dividends, to select and weight index constituents. By using four fundamental factors rather than one, the RAFI methodology is thought to be a more robust means of capturing a company’s true economic footprint.
Since inception, the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio has outperformed its market-capweighted benchmarks, the Russell 2000 and S&P 600Indexes. For the five-year period ending Sept. 30, 2011, PRFZ achieved a cumulative total return of 9.11% based on NAV, significantly outperforming the S&P 600 Index which had a total cumulative return of 1.34%. The Russell 2000 Index gained 4.98%, and the Russell 2000 Value Index had a cumulative total return of -14.47% over the same five-year period. (Source: Bloomberg)
“We are pleased to celebrate the five-year milestone for the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (PRFZ), which has delivered on its goal of providing investors improved risk-adjusted returns compared to cap-weighted benchmarks,” said Ben Fulton, Invesco PowerShares managing director of global ETFs. “PRFZ along with its US large-cap complement, the PowerShares FTSE RAFI US 1000 Portfolio (PRF) have both established a five-year track record demonstrating the effectiveness the RAFI Fundamental Index methodology over varying market cycles.”
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Source: Imvesco PowerShares
“Regulatory Reentry”-Speech of Commissioner Bart Chilton to the Cadwalader Energy and Commodities Conference
October 6, 2011--Introduction
It’s good to be with you today. Thanks for having me. Thanks especially to Greg Mocek for the invitation. Greg was the CFTC’s able Director of the Division of Enforcement when I arrived at the Agency in 2007.
I remember the first time I visited him in his office. His walls were covered in framed news clippings of all the great cases we had prosecuted while he was Director. All those things should probably be displayed in some criminal justice museum or something.
And, I want you to know, we are carrying on your great work, Greg. Just today, it was announced that our Division of Enforcement brought 99 enforcement actions in the last fiscal year. That’s more than ever. And more than ever it’s a sign of how closely markets need to be policed. These cases included fraud, manipulation, Ponzi schemes, trading abuses and other violations of the Commodity Exchange Act. I think that especially when the economy is shaky, the swindlers swarm, but we are catching them and keeping our markets safer as a result.
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Source: CFTC.gov
iShares files with the SEC- iShares MSCI Emerging Markets Minimum Volatility Index Fund.
October 6, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Emerging Markets Minimum Volatility Index Fund.
view filing
Source: SEC.gov
iShares files with the SEC-iShares MSCI All Country World Minimum Volatility Index Fund
October 6, 2011----iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI All Country World Minimum Volatility Index Fund.
view filing
Source: SEC.gov
iShares files with the SEC-iShares MSCI USA Minimum Volatility Index Fund
October 6, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI USA Minimum Volatility Index Fund.
view fiing
Source: SEC.gov
iShares files with the SEC
October 5, 2011-iShares has filed a post-effective amendment, registration statement with SEC for the The iShares 2019 S&P AMT-Free Municipal Series Fund.
view filing
Source: SEC.gov
Regional Economic Outlook: Western Hemisphere-Shifting Winds, New Policy Challenges
October 5, 2011--Despite the recent deterioration in the global economic environment, projections for the region involve only a modest worsening of the outlook. The October 2011 Regional Economic Outlook: Western Hemisphere cautions, however, that there are severe downside risks.
. A sharp slowdown in Asia, for example in response to a recession in advanced economies, could impact commodity prices, with negative effects on Latin American commodity exporters. With global monetary policy likely to remain accommodative, capital flows could exacerbate overheating and amplify vulnerabilities in emerging markets. Countries with strong real linkages to the United States face a somewhat weaker outlook and should give priority to reducing public debt. Although much of the Caribbean is recovering from a prolonged recession, the outlook remains constrained by high public debt and weak tourism flows. This issue finds that policies can play an important role in mitigating the economic impact of terms-of-trade shocks, and underscores the need to rebuild policy buffers.
view the Regional Economic Outlook: Western Hemisphere
Shifting Winds, New Policy Challenges
Source: IMF
Bearish ETFs enjoy bumper inflows
October 5, 2011--Exchange traded funds in the US that act as a bet against the S&P 500, the New York stock index, have enjoyed bumper inflows as investors try to benefit from falling asset prices.
The so-called “inverse” ETFs, which track a basket of underlying assets such as equities and commodities, but aim to yield the opposite return, took in net flows of $890m in August and $885m in September.
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Source: FT.com
ISE Partners with UBS to Launch ETN Based on the ISE Cloud Computing Index
October 5, 2011--October 5, 2011 – The International Securities Exchange (ISE) today announced that UBS has
launched the ETRACS Monthly 2xLeveraged ISE Cloud Computing Total Return Index ETN (Ticker: LSKY). This exchange-traded note (ETN) is based on the ISE Cloud Computing Index™, a benchmark that tracks companies actively involved in the cloud computing industry. Index components include companies that are infrastructure providers for the “cloud,” firms that provide goods and services in support of the cloud computing space, or technology conglomerates whose business model uses or supports cloud computing technology.
LSKY began trading on NYSE Arca on October 5, 2011.
“We are very pleased to again partner with UBS to develop and launch an innovative exchange-traded note,” said Kris Monaco, Head of New Product Development at ISE. “The ISE Cloud Computing Index is a unique benchmark in this emerging industry, and this ETN provides investors with a compelling investment alternative for gaining leveraged exposure to this sector.” With this most recent product addition, UBS currently offers a portfolio of five ETNs based on ISE indexes. There are currently 16 exchange-traded products based on ISE’s proprietary indexes, including 11 exchange-traded funds.
Historical index values, real-time pricing information and methodology guides for ISE indexes are available on
ISE’s website at www.ise.com/index.
Source: International Securities Exchange (ISE)
Russell expands family of "investment discipline" ETFs
Four new ETFs launched today offer focused exposure in the small cap asset class
October 5, 2011--Russell Investments launched four Small Cap Investment Discipline exchange-traded funds (ETFs) on NASDAQ today, expanding its line-up of innovative Investment Discipline ETFs. Each is designed to provide investors with access to specific investment strategies that mirror the way equity managers tend to invest.
"We created these unique products to answer a very specific need in the market," said James Polisson, CEO of Russell's global ETF business.
"Sophisticated investors now have an investment vehicle that provides them with focused exposure in the small cap asset class beyond the strict classification by sector and style."
The four ETFs listed today are based on corresponding and newly launched Russell U.S. Small Cap Investment Discipline Indexes, which were constructed to give focused exposure to investment approaches commonly practiced by professional small cap equity managers. These underlying indexes leverage Russell's long history and expertise in small cap index creation as well as Russell's unique understanding of how managers invest. By evaluating the characteristics of thousands of managers in specific disciplines, Russell identified a set of key characteristics that define a small cap portfolio within each discipline.
The new suite of small cap ETF consists of the following:
Russell Small Cap Aggressive Growth ETF (Ticker: SGGG)
Russell Small Cap Consistent Growth ETF (Ticker: SCOG)
Russell Small Cap Low P/E ETF (Ticker: SCLP)
Russell Small Cap Contrarian ETF (Ticker: SCTR)
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Source: Russell Investments
