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AdvisorShares files with the SEC
October 28, 2011-AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the Active Bear ETF.
view filing
Source: SEC.gov
State Street files with the SEC
October 28, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the SPDR Series Trust.
view filing
Source: SEC,gov
CFTC.gov Commitments of Traders Reports Update
October 28, 2011--The current reports for the week of October 25, 2011 are now available.
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Source: CFTC.gov
EGShares Renames The Emerging Markets High Income Low Beta ETF to the EGShares Low Volatility Emerging Markets Dividend ETF
October 28, 2011 – EGShares has renamed its Emerging Markets High Income Low Beta ETF as the EGShares Low Volatility Emerging Markets Dividend ETF. The fund’s NYSE Arca ticker “HILO” remains unchanged, as does the fund’s investment objective.
This change was based on client feedback and will make the fund’s desired objectives easily recognizable to investors. “Low volatility” is being used in place of low beta as it better describes the potential outcome of a low beta screen. “Dividend” is a more accurate description of the income distribution as the fund is comprised only of equities.
HILO, a passively managed ETF composed of low volatility stocks, is designed to provide high dividend income but have lower volatility than the MSCI Emerging Markets Index. The fund seeks to replicate the INDXX Low Volatility Emerging Markets Dividend Index, a composite of 30 stocks from 13 emerging markets countries, which has a yield of 6.791 percent. HILO does not use options, swaps, or other derivatives in its portfolio.
For more information on HILO, please visit www.egshares.com/hilo.
Source: Emerging Global Advisors
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
October 27, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, October 27, 2011:
Inca Pacific Resources Inc. (TSXVN:IPR) will be removed from the index.
The shares of the company will be delisted from the TSX Venture Exchange having been acquired by Compania Mineral Milpo SAA (Lima:MIL).
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.
Standard & Poor's
NYSE Euronext Announces Stock Buy-Back Plan - $100 Million Plan To Commence After 3Q11 Earnings
Announcement With Expected Completion In 4Q11
October 27, 2011-- NYSE Euronext (NYX) today announced plans to repurchase up to $100 million in NYSE Euronext common stock at the discretion of management in open market or privately negotiated transactions or otherwise, subject to applicable United States and European laws, regulations and approvals,
strategic considerations, market conditions and other factors. In conjunction with NYSE Euronext’s announced plan, Deutsche Boerse has also announced a buy-back plan of around EUR 100 million. NYSE Euronext and Deutsche Boerse have agreed to coordinate their respective share buyback programs in order to preserve the ownership percentages of 40% and 60% to be held by former NYSE Euronext and Deutsche Boerse shareholders, respectively, in the combined company following the pending business combination.
It is anticipated that the NYSE Euronext repurchase plan will commence after the release of third quarter 2011 earnings on November 3, 2011 and will be completed in the fourth quarter of 2011. The $100 million buy-back is being executed under a $1.0 billion Board authorization issued in March of 2008 and suspended in the fourth quarter of 2008. Before the suspension of the plan, a total of $350 million of the $1.0 billion authorized amount was utilized.
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Source: NYSE Euronext
SEC Orders FINRA to Improve Internal Compliance Policies and Procedures
October 27, 2011--The Securities and Exchange Commission today ordered the Financial Industry Regulatory Authority (FINRA) to hire an independent consultant and undertake other remedial measures to improve its policies, procedures, and training for producing documents during SEC inspections.
According to the SEC’s order instituting settled administrative proceedings, certain documents requested by the SEC’s Chicago Regional Office during an inspection were altered just hours before FINRA’s Kansas City District Office provided them.
“The law requires FINRA to produce the documents the SEC seeks in its examinations in complete and accurate form,” said Gerald Hodgkins, Associate Director of the SEC’s Division of Enforcement. “Although FINRA has previously taken steps to improve compliance, those enhancements did not go far enough to prevent the document production failure that occurred in its Kansas City District Office. This order will help ensure that FINRA effectively addresses the weaknesses in its training as well as its policies and procedures.”
view order
Source: SEC.gov
Pimco files with the SEC
October 27, 2011--Pimco has filed a post-effective amendment, registration statement with the SEC for the PIMCO Australia Bond Index Fund
PIMCO Canada Bond Index Fund
PIMCO Germany Bond Index Fund
view filing
Source: SEC.gov
CFTC will publish its own Volcker rule language, says Sommers
October 26, 2011--Supervisor will publish its own Volcker rule for consultation – although little progress has been made so far, says CFTC commissioner
The Commodity Futures Trading Commission (CFTC) will publish its own version of the Volcker rule for consultation, according to Jill Sommers, a commissioner at the regulator – despite the publication of a notice of proposed rule-making by four regulatory agencies on October 11.
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Source: Risk.net
Analysts change tune on US GDP, now see solid Q3
October 26, 2011--After months of dire predictions for the US economy, including warnings of a new recession, forecasters are singing a different tune.
Projections for an extremely weak third-quarter have been shredded and replaced with a fairly upbeat assessment of the quarter that just closed last month. Economists say they put too much stock in the sharp decline in consumer confidence and the extreme turmoil in financial markets sparked when Standard & Poor's stripped the nation of its AAA credit rating in early August. "At that point, we based our forecasts on the fact that all the indicators were turning downwards, not knowing that was the trough," said Millan Mulraine, senior macro strategist at TD Securities in New York. "We underestimated the pace of momentum that was building in the economy at the time."
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Source: Todays Zaman
