Americas ETP News
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John Hancock files with the SEC
August 26, 2011--John Hancock has filed a Second amended and restated application for exemptive relief with the SEC.
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Source: SEC.gov
Federated files with the SEC
August 26, 2011-Federated Investment Management Company has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Van Eck files with the SEC
August 26, 2011--Van Eck has filed a post-effective amendment, registration with the SEC for the
MARKET VECTORS
INTERNATIONAL BOND ETF
Emerging Markets Local Currency Bond ETF
(EMLC)
MARKET VECTORS CORPORATE BOND ETF
Investment Grade Floating Rate ETF (FLTR)
MARKET VECTORS MUNICIPAL BOND ETFs
High-Yield Municipal Index ETF(HYD)
Intermediate Municipal Index ETF (ITM)
Long Municipal Index ETF(MLN)
Pre-Refunded Municipal Index ETF
(PRB)
Short Municipal Index ETF (SMB)
view filing
Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
August 26, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, August 26, 2011:
Lucara Diamond Corp. (TSXVN:LUC) 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
Finra's surprising thumbs-up for gold ETFs
August 26, 2011--Regulatory warnings have become part of the background music for exchange traded funds, so this week’s timely “investor alert” on potential gold-related investment risks issued by the US’s Financial Industry Regulatory Authority, or Finra, would hardly bear mentioning, except it doesn’t warn against ETFs.
In fact, it holds out ETFs as commendable alternatives to flashier gold stocks. “While you may be tempted to invest in a single stock, it is very risky to put all your ‘golden eggs’ in one basket,” the warning says. “Investing through a mutual fund or exchange traded fund (ETF) that focuses on gold companies or gold itself can help spread out and potentially lower your risk.”
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Source: FT.com
BM&FBOVESPA and Shenzhen Stock Exchange Sign Memorandum of Understanding
August 26, 2011--BM&FBOVESPA (BVMF) and Shenzhen Stock Exchange (SZSE) announced today that signed a memorandum of understanding (MOU) which includes personnel exchange, mutual training, information and experience sharing.
The MOU was signed by Ms Song Liping, President of Shenzhen Stock Exchange, and Mr. Edemir Pinto, CEO of BM&FBOVESPA, during the 5 th International, Financial and Capital Market Conference.
Source: BM&FBOVESPA
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
August 26, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
On August 25, 2011, the bid by Nyrstar NV (Brussels:NYR) to acquire Breakwater Resources Ltd. (TSX:BWR) expired and was successful. Nyrstar will acquire Breakwater for $CDN7.00 cash per share.
Breakwater will be removed from the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Global Base Metals and Equal Weight Global Base Metals and the S&P/TSX Global Mining Indices effective after the close of Wednesday, August 31, 2011.
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
BlackRock Seeks to Start Exchange-Traded Funds Using Proprietary Indexes
August 26, 2011--BlackRock Inc. (BLK), the world’s largest money manager, is seeking regulatory clearance for its iShares exchange-traded funds to follow proprietary indexes rather than those developed by third parties such as Standard & Poor’s.
The application, filed by iShares yesterday with the U.S. Securities and Exchange Commission, would allow future and existing funds to use in-house indexes the firm will create. IShares, a San Francisco-based subsidiary of BlackRock, ranks as the biggest provider of index-based ETFs with some $649 billion in assets under management in more than 460 funds.
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Source: Bloomberg
CFTC.gov Commitments of Traders Reports Update
August 26, 2011--The current reports for the week of August 23, 2011 are now available.
view update
Source: CFTC.gov
CME Raises Margin Requirements for Trading Gold Futures
August 25, 2011--The CME Group on Wednesday raised maintenance margins for trading COMEX 100-ounce gold futures by 27 percent, effective after the close of business on Aug 25.
The exchange operator raised maintenance margins on gold futures for speculators to $7,000 per contract from $5,500.
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Source: CNBC
