Americas ETP News
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db-X Exchange-Traded Funds files with the SEC
October 13, 2011--db-X Exchange-Traded Funds Inc. has filed a post-effective amendment no.7, registration statement with the SEC.
This amendment is being filed solely to submit exhibits containing risk/return summary information in interactive data format that is identical to the risk/return information contained in the Registrant’s prospectus that was filed with the Securities and Exchange Commission in Post-Effective Amendment No. 6 to the Registrant’s registration statement on September 28, 2011.
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Source: SEC.gov
PowerShares files with the SEC
October 13, 2011-PowerShares has filed a second amended and restated application for exemptive relief with the SEC.
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Source: SEC.gov
Northern Trust files with the SEC
October 13, 2011--Northern Trust has filed a application for Exemptive relief with the ETFs-FlexShares Trust.
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Source: SEC.gov
Georgetown Investment Management files with the SEC
October 13, 2011--Georgetown Investment Management has filed a amended application for exemptive relief with the SEC.
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Source: SEC.gov
iShares files with the SEC
October 13, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Emerging Markets Local Currency Bond Fund.
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Source: SEC.gov
Pa. capital files for bankruptcy, roiling mayor
October 13, 2011-Pennsylvania's distressed capital city filed for bankruptcy Wednesday, citing "imminent jeopardy" from lawsuits related to a debt-saddled municipal incinerator and setting up a power struggle between the mayor and City Council.
The federal petition for Chapter 9 bankruptcy, being sought to help Harrisburg get out from under crushing debt, listed about $458 million in creditors and claims and six pending legal actions by creditors.
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Source: CBS News
US wheat futures rise; soya rally hits two-week high
October 12, 2011--Chicago wheat futures rose on Friday amid hopes for a resolution of the euro-zone debt crisis but remained under pressure from US government forecasts of higher global and US supply, which sparked heavy losses earlier this week.
Soyabean futures rose for a fifth straight day to reach their highest level in more than two weeks as rising oil and equity prices added to support from tightening soya supply.
Corn futures edged higher. Perceived progress in tackling debt woes in the euro zone, coupled with positive sentiment regarding corporate earnings, fed broad gains in commodities and equities. Strength in the euro weighed on the dollar, giving extra support to commodities priced in the US currency.
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Source: Business Recorder
ETF Investors Confident in the Economic Stability of Canadian Companies
Canadian Equity ETFs Led All Other Asset Classes in Q3 With $1.6 Billion in Net New Assets
October 12, 2011--Canadian equity ETFs received more than $2.5 billion in net new assets in the third quarter of 2011, according to information compiled by the iShares(R) exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc.
This was led by the strong performance of the iShares S&P/TSX 60 Index Fund (XIU) which is the number one ETF in Canada by AUM ($10.5 billion) and net sales ($838 million) in the third quarter.
"These findings tell us that despite uncertainty in the global markets, domestic and international investors are still confident in the soundness of Canadian companies and of our marketplace," said Mary Anne Wiley, head of iShares distribution, BlackRock Canada.
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Source: BlackRock Asset Management Canada Limited
Weak markets hit Canada ETF assets in Sept: BlackRock
October 12, 2011--Assets managed in exchange traded funds in Canada dropped by 3 percent to C$39.1 billion ($38.3 billion) in September due to slumping equity markets, though inflows to the funds were positive, according to a report released on Wednesday.
Canadian ETFs overall had net inflows of C$1.1 billion in September, said the monthly report from the Canadian ETF arm of New York-based BlackRock , the world's largest money manager.
ETFs are investment vehicles that own an array of stocks, similar to mutual funds, but which have shares that are traded on public exchanges.
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Source: Reuters
Pension funds shun gold and hedge funds
October 12, 2011--Pension funds are avoiding gold, hedge funds, private equity and exchange traded funds in their search for alternatives to fixed income returns, according to a report from UBS and Lane, Clark and Peacock.
Due to the low return from fixed income, pension funds need to look to alternative asset classes to supplement returns.
Allocation to equities has fallen from 85% in 1992 to 45% today, and allocation to fixed income has increased from under 10% in 1989 to close to 40% today. But the fall in real government bond yields is damaging funding calculations for pension plans.
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Source: Financial News
