Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Invesco PowerShares to Expand Fundamental Fixed Income Line with Investment Grade Corporate Bond Portfolio
September 12, 2011--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today that the PowerShares Fundamental Investment Grade® Corporate Bond Portfolio (PFIG) is anticipated to begin trading on September 15 on the NYSE Arca. The Fund is the first investment grade corporate bond ETF to use Research Affiliates’ Fundamental Index® methodology, and provides investors access to maturities ranging from 1-10 years. PFIG is expected to issue monthly distributions.
“We believe the PowerShares Fundamental Investment Grade Corporate Bond Portfolio (PFIG) represents an attractive alternative to market-cap-weighted fixed-income portfolios and provides investors the potential for improved risk-adjusted returns,” said Ben Fulton, Invesco PowerShares managing director of global ETFs.
Traditional bond indexes generally use some form of market-cap weighting by which constituent weights are a function of both the amount of debt issued and the debt’s current price. This approach results in greater weights being assigned to issuers that have issued more debt. It also means that bonds that are overvalued or undervalued relative to their peers will be over weighted or under weighted in the index.
read more
Source: Invesco PowerShares
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
September 12, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, September 12, 2011
CanElson Drilling Inc. (TSXVN:CDI) 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
PowerShares files with the SEC
September 9, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares Chinese Yuan Dim Sum Bond Portfolio (DSUM).
view filing
Source: SEC.gov
iShares files with the SEC- iShares MSCI All Country Asia ex Japan Small Cap Index Fund
September 9, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI All Country Asia ex Japan Small Cap Index Fund.
view filing
Source: SEC.gov
iShares files with the SEC-iShares MSCI India Index Fund
September 9, 2011----iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI India Index Fund.
view filing
Source: SEC.gov
Quarterly Changes to the NASDAQ Q-50 Index
September 9, 2011--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the quarterly evaluation of the NASDAQ Q-50 Index (Nasdaq:NXTQ), which will become effective prior to market open on Monday, September 19, 2011.
The following eight securities will be added to the Index:Avago Technologies Limited (Nasdaq:AVGO), BE Aerospace, Inc. (Nasdaq:BEAV), Deckers Outdoor Corporation (Nasdaq:DECK), Level 3 Communications, Inc. (Nasdaq:LVLT), Open Text Corporation (Nasdaq:OTEX), SXC Health Solutions Corp. (Nasdaq:SXCI), Ulta Salon, Cosmetics & Fragrance, Inc. (Nasdaq:ULTA), and Pharmasset, Inc. (Nasdaq:VRUS).
The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index®. The NASDAQ Q-50 Index is re-ranked on a quarterly basis. For more information about the NASDAQ Q-50 Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation, the following seven securities will be removed from the Index:Cree, Inc. (Nasdaq:CREE), Foster Wheeler AG (Nasdaq:FWLT), JDS Uniphase Corporation (Nasdaq:JDSU), Allscripts Healthcare Solutions, Inc. (Nasdaq:MDRX), MercadoLibre, Inc. (Nasdaq:MELI), Patterson Companies, Inc. (Nasdaq:PDCO), and Sohu.com Inc. (Nasdaq:SOHU).
Source: NASDAQ OMX Global Index Group
BNY Mellon ADR Index Monthly Performance Review is Now Available
September 9, 2011--The BNY Mellon ADR Index Monthly Performance Review August 2011 is now available.
view updates
Source: BNY Mellon
ProShares files with the SEC
September 9, 2011--ProShares has filed a post-effective amendment, registration statement with the SEC for the ProShares German Sovereign / Sub-Sovereign ETF.
view filing
Source: SEC.gov
Volant Liquidity LLC Joins ISE as Competitive Market Maker
September 9, 2011 – The International Securities Exchange (ISE) announced that Volant Liquidity, LLC has become a Competitive Market Maker (CMM) on ISE’s options exchange. Volant is the first new market maker to join ISE under its new CMM trading rights program, which went into effect on September 1, 2011.
“We are very pleased to welcome Volant as ISE’s newest Competitive Market Maker,” said Gary Katz, President
and Chief Executive Officer of ISE. “With our new, more flexible CMM structure, Volant and other liquidity
providers on the exchange can be more agile in their quoting activity, which will benefit all participants trading at
ISE.”
Brian Donnelly, Managing Member of Volant, said, “We’re excited to be posting quotes on ISE. The new membership structure allows us to provide liquidity in the names in which we specialize, without the obligation to post quotes in or pay for access to names we’re not interested in trading. Both customers and the ISE will benefit from the liquidity the new CMMs like Volant will bring to the market.”
ISE’s new CMM trading rights structure entitles a market maker to enter quotes in options symbols that comprise a certain percentage of industry volume. A CMM’s first trading right entitles that market maker to quote in 20 percent of the industry volume, and each subsequent right provides the ability to quote an additional 10 percent of volume. This new structure is designed to allow ISE’s market makers to react more quickly to changes in the marketplace.
Source: International Securities Exchange (ISE)
iShares files with the SEC- iShares MSCI India Small Cap Index Fund
September 9, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI India Small Cap Index Fund.
view filing
Source: SEC.gov
