Americas ETP News

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Fed seeks annual US bank stress tests

May 18, 2011--The Federal Reserve wants to subject US banks to annual capital tests, reserving the right to veto dividend pay-outs if they do not pass.

A draft of the new rule is set to be approved by the Federal Reserve Board and put out for public comment within weeks. Bank executives told the Financial Times that they have begun discussing the proposal with Fed officials, who remain wary of a return to the over-generous shareholder pay-outs that left financial institutions under-capitalised during the crisis.

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Source: FT.com


Minutes of the Federal Open Market Committee, April 26-27, 2011

May 18, 2011--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 26-27, 2011. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the April 26-27, 2011 meeting is also included as an addendum to these minutes.

The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. Summaries of economic projections are released on an approximately quarterly schedule. The descriptions of economic and financial conditions contained in these minutes and in the Summary of Economic Projections are based solely on the information that was available to the Committee at the time of the meeting.

view the Minutes of the Federal Open Market Committee, April 26-27, 2011

Source: Federal Reserve


SEC probing electronic platform failures

May 18, 2011--The Securities and Exchange Commission (SEC) is investigating computer system failures at electronic marketplaces including Nasdaq to determine whether internal controls are sufficient, the Financial Times reported, citing people familiar with the matter.

The investigation is being handled by the enforcement division's market abuse unit, the paper reported, and is part of a broader regulatory review of stock exchanges following last year's "flash crash,"' recent hacking attempts and trading glitches.

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Source: Reuters


US investors pile into exchange-traded funds

May 18, 2011--US investors are piling into exchange-traded stock funds, even as they become more bearish and pull back from actively managed funds.

Investors pumped a net $14.2bn into equity ETFs by the middle of the second quarter, nearly double the pace of investment in the first quarter, when net inflows for the entire period were $12.9bn, according to data from brokerage ConvergEx Group

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Source: FT.com


Economic Survey of Mexico 2011

May 17, 2011--Following a deep recession associated with a strong global downturn, Mexico is experiencing a robust recovery, with GDP growth of 5½ per cent in 2010 and 4 ½ per cent in 2011. Export growth is expected to slow after the exceptional rebound of 2010, but stronger domestic demand should keep the recovery on track.

Several labour market indicators have improved, although unemployment is decreasing only slowly. Mexico has already started to withdraw the fiscal stimulus of 2009 and increased taxes to calm market worries about fiscal trends. If the recovery unfolds as expected, the government should fully implement its plans to lower the budget deficit further through spending restraint. Since inflation has come down, monetary policy can support the recovery by keeping rates low in the near term.

Mexico was able to implement countercyclical policies in the recession thanks to significant reforms of the macroeconomic policy framework. However, it should continue to strengthen its policy framework to better withstand shocks. Amending the fiscal rule to accumulate more financial assets during periods of high oil prices and economic growth would give the government additional room to support the economy when confronting large shocks. Taking measures to lower price stickiness related to administrative tariffs and uncompetitive markets would give monetary policy more room for manoeuvre and, most importantly, would contribute to a better allocation of resources. Enhancing competition and lowering market entry barriers would also promote the development of more stable consumer-related services, attenuating the effects of shocks.

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OECD Economic Surveys-MEXICO-MAY 2011 OVERVIEW

Source: OECD


Horizons launches enhanced income ETF for financial stocks

May 17, 2011--Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager"), are pleased to announce the launch of the Horizons AlphaPro Enhanced Income Financials ETF ("HEF"), which offers Canadian investors access to an innovative covered call strategy on Canada's largest financial sector stocks. The ETF will begin trading today on the Toronto Stock Exchange ("TSX") under the ticker symbol HEF.

The investment objective of HEF is to provide its unitholders with: (a) exposure to the performance of an equally weighted portfolio of Canadian banking, finance and financial services companies; and (b) monthly distributions of dividend and call option income.

HEF will invest primarily in a portfolio of equity and equity-related securities of Canadian companies that are primarily exposed to Canadian banking, finance and financial services sectors and are amongst the largest and most liquid issuers listed on the TSX in that sector.

To mitigate downside risk and generate income, HEF will generally write slightly out-of-the-money covered call options on 100% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

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Source: CNW


Lawmakers warning on derivatives rules

May 17, 2011--New York lawmakers led by Charles Schumer are warning the Federal Reserve and other regulators that they risk flouting the US Congress with new derivatives rules that impose "significant competitive disadvantages" on US banks.

In a letter to Ben Bernanke, Fed chairman, and other regulatory heads, the members of Congress say that US banks will be unfairly hurt if their foreign subsidiaries are forced to demand collateral from non-US customers.

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Source: FT.com


PowerShares files with the SEC

May 17, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares Fundamental Investment Grade Corporate Bond Portfolio (NYSE Arca, Inc. – PFIG).

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Source:


BofA Merrill Lynch Fund Manager Survey Shows Investors Less Confident on Global Growth and Profit Outlook

Debt Crisis Seen as Damaging Prospects for Eurozone
May 17, 2011--Investors' confidence in the outlook for global growth and corporate profits has dipped, according to the BofA Merrill Lynch Survey of Fund Managers for May.
The proportion of the panel believing that the world economy will strengthen in the next 12 months has fallen to a net 10 percent, down from a net 27 percent in April and a net 58 percent as recently as February. Similarly, only a net 9 percent of respondents now look for corporate profits to improve in the coming year.

Participants' lower conviction is most evident in Europe, where expectations turned negative in May with a net 8 percent expecting the region's economy to weaken in the next year. Just two months ago, a net 32 percent forecast that it would strengthen. This reflects investors' identification of the eurozone sovereign debt crisis as the largest tail risk globally (up to 36 percent, from 21 percent in April).

With prospects for growth more challenging and inflation fears receding, asset allocators have postponed their expectations of a rise in U.S. interest rates. In the April survey, 69 percent of participants anticipated the Federal Reserve first hiking rates by the end of this year; now 73 percent sees this occurring in 2012.

Against this accommodating background, risk appetite has fallen only modestly. Fund managers trimmed exposure to equities and commodities, while adding to cash and bond holdings slightly. Risk aversion is more evident in strong sector rotation into more defensive areas, such as consumer staples and pharmaceuticals, and out of more volatile and growth-dependent sectors, such as energy and materials.

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Source: Bank of America Merrill Lynch


CFTC’s Agricultural Advisory Committee to Meet May 19, 2011

May 16, 2011--Committee to discuss issues concerning the Dodd-Frank Act including proposed rules on position limits, hedge exemptions, the swap dealer definition, the end user exception and margin requirements for uncleared swaps.

The Commodity Futures Trading Commission (CFTC) will convene a meeting of its Agricultural Advisory Committee (AAC) on Thursday, May 19, 2011, to obtain the views of agricultural futures market experts, national farm organizations, major commodity and agribusiness groups and the farm banking community. The major topics for discussion will be issues related to the Dodd-Frank Act, including position limits, hedge exemptions, the swap dealer definition, the end user exception and margin requirements for uncleared swaps. The AAC also will receive a presentation on recent activities in the major agricultural markets.

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Source: CFTC.gov


SEC Filings


July 09, 2025 Innovator ETFs Trust files with the SEC
July 09, 2025 Tidal Trust II files with the SEC-3 Defiance ETFs
July 09, 2025 BlackRock ETF Trust files with the SEC-iShares International Equity Factor Rotation Active ETF
July 09, 2025 Virtus ETF Trust II files with the SEC-Virtus IG Public & Private Credit ETF
July 09, 2025 BlackRock ETF Trust files with the SEC-iShares Infrastructure Active ETF

view SEC filings for the Past 7 Days


Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update

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Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective
June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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Africa ETF News


July 04, 2025 South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued
July 01, 2025 Africa's Trade Projected to Hit $1.5 Trillion in 2025
June 26, 2025 National stock exchange launched in Somalia
June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025

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ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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