Americas ETP News
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Horizon appoints Le Cornu as Associate Director
June 1, 2011--Le Cornu will actively manage investments on behalf of clients, research investment funds and build client relationships. He specialises in the research and analysis of direct asset classes such as equities, bonds and ETFs and will build on services in Horizon's alternative assets and commodities
Before joining the team at Horizon Investments, Le Cornu worked in the bespoke investments team of Ashburton, having worked at Barclays Wealth and Dexia Private Bank before that.
Source: International Advisor
ELX Announces Multiple Volume Records In May: Overall Exchange, Combined U.S Treasury Futures, 5 Year And 30-Year Futures
June 1, 2011--ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today that it established multiple volume records in the month of May. On Friday, May 6, ELX set records in overall exchange volume, combined U.S. Treasury futures volume and records in the 5-year note and 30-year bond.Total U.S.
Treasury volume was also up 10% year-over-year for the month of May and market share was up 16%.Additionally, 1.6m total contracts were traded for the month of May and 9.3m contracts were traded year-to-date.
read more
Source: ELX Futures
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
June 1, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Wednesday, June 1, 2011:
Richfield Ventures Corp. (TSXVN:RVC) will be removed from the index. The shares of the company have been acquired by New Gold Inc. (TSX:NGD).
The shares of the company will be delisted from the TSX Venture Exchange after close on Wednesday, June 1, 2011, at the request of the company.
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 & Poors
Component Changes Made To Dow Jones Select Dividend And Dow Jones Country Titans Indexes
June 1, 2011-- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.S. Select Dividend and Dow Jones Africa Titans 50 indexes.
In the Dow Jones U.S. Select Dividend Index, BancorpSouth Inc. (United States, Banks, BXS) will be replaced by CMS Energy Corp. (United States, Utilities, CMS). BancorpSouth Inc. is being removed due to a decrease in its dividend payment. The company’s new dividend yield does not meet the indexes’ eligibility requirements.
In the Dow Jones Africa Titans 50 Index, Equinox Minerals Ltd. (Canada, Basic Resources, TQN.T) will be replaced by Lonmin PLC (United Kingdom, Basic Resources, LMI.LN). Equinox Minerals Ltd. is being removed due to its acquisition by Barrick Gold Corp. (Canada, Basic Resources, ABX.T).
All changes in the Dow Jones U.S. Select Dividend Index and Dow Jones Africa Titans 50 Index will be effective as of the open of trading on Monday, June 6, 2011.
Further information on the Dow Jones Select Dividend and Dow Jones Country Titans indexes can be found www.djindexes.com.
Source: Dow Jones Indexes
US Treasuries confound bearish investors
June 1, 2011--US government debt notched up stronger gains in May than dollar-denominated private sector debt for the first time in six months.
The strong performance of Treasury debt flies in the face of the expectations of many investors, with big bond buyers such as Pimco reducing holdings of Treasuries on expectations of underperformance.
read more
Source: FT.com
CFTC Staff to Host Public Roundtable to Discuss Swap Data Recordkeeping and Reporting Requirements
June 1, 2011--Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on June 8, 2011, from 1:00 pm to 5:00 pm to discuss technical aspects of implementing infrastructures for issuance and maintenance of Unique Product Identifiers (UPIs), as they apply to CFTC’s proposed swap data recordkeeping and reporting rules, as well as other CFTC proposed rules, with a focus on the products and entities under the Commission’s jurisdiction. The roundtable will assist the CFTC in the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Unique Product Identifier (UPI) proposed by the Commission in the swap data recordkeeping and reporting rulemaking (Part 45) would categorize swaps according to the underlying products referenced in them. While the UPI would be assigned to a particular level of the taxonomy of the asset class or sub-asset class in question, its existence would enable the Commission and other regulators to aggregate transactions at various taxonomy levels based on the type of product underlying the swap
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Source: CFTC.gov
Rydex files with the SEC
June 1, 2011--Rydex has filed a FORM S-1 with the SEC for the CurrencyShares® Chinese Renminbi Trust.
view filing
Source: SEC.gov
Morgan Stanley ETF Quarterly: $1.1 Trillion in 1,072 ETFs
May 31, 2011--Assets under management in US-listed ETFs eclipsed $1 trillion during the beginning of this
year. We currently stand at $1.1 trillion spread among 1,072 products. New issuance has been strong this year with 105 ETFs coming to market and
first quarter net inflows were well above first quarter average net cash inflows over the past three years.
International developed equity ETFs generated the largest net inflows during the first quarter while
emerging market equity ETFs posted meaningful net outflows.
request report
Source: Morgan Stanley
XTF Capital Corp. Launches ETFs
May 31, 2011--XTF Capital Corp. is pleased to announce the launch of four XTF Capital eXchange Traded Funds ("XTFs"). Two of these XTFs – Can-60 Income ETF and Can-Energy Income ETF will begin trading on the Toronto Stock Exchange ("TSX") tomorrow, under the following ticker symbols:
Fund: Can-60 Income ETF
Common Units: LXF
Advisor Units:LXF.A
Fund: Can-Energy Income ETF
Common Units: OXF
Advisor Units:OXF.A
The other two - Can-Financials Income ETF and Can-Materials Income ETF begin trading on the TSX on Friday, June 3, 2011.
XTF Capital's mission is to create the next dimension of exchange traded funds, delivering superior risk adjusted solutions to Canadian investors.
The following is a brief description of each of the offerings:
Can-60 Income ETF ("Can-60 XTF") - The investment objective of Can-60 XTF is to provide holders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of the securities of the issuers publicly disclosed as being included in the S&P/TSX 60 Index, from time to time, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.
read more Russell launches series of 10 'factor' ETFs These new ETFs, which began trading Friday on the NYSE Arca, constitute Russell’s second wave of ETF products launched in the U.S. market in May, following the launch of Russell Investment Discipline ETFs™ on May 19. .Russell Launches Series of 10 “Factor” ETFs
New ETFs designed to provide focused exposure to five significant risk factors
tweet0EmailPrint..Press Release Source: Russell Investments On Tuesday May 31, 2011, 9:30 am EDT
SEATTLE--(BUSINESS WIRE)-- Russell Investments has launched the first comprehensive series of Factor ETFs designed to offer practical solutions to help sophisticated investors manage risk exposures within their portfolios. The Russell Factor ETFs, a series of 10 U.S. equity ETFs, aim to deliver focused large cap and small cap exposure to five significant risk factors – high beta, low beta, high volatility, low volatility and high momentum – while also manage portfolio turnover and control exposure to other non-targeted risk factors. These new ETFs, which began trading Friday on the NYSE Arca, constitute Russell’s second wave of ETF products launched in the U.S. market in May, following the launch of Russell Investment Discipline ETFs™ on May 19.
“The trade-off between risk and return has always been the core of investing,” said James Polisson managing director of Russell’s global ETF business. “However, the factors that constitute risk, as well as the appropriate way to measure and manage it, are often a gray area and not fully accounted for in the investment decision-making process. With the advent of the Russell Factor ETFs, we believe investment professionals now have an efficient, cost-effective way to help minimize unintended influences and help manage individual risk factor exposures within their portfolios.” read more
Source: Marketwire
New ETFs designed to provide focused exposure to five significant risk factors
May 31, 2011--Russell Investments has launched the first comprehensive series of Factor ETFs designed to offer practical solutions to help sophisticated investors manage risk exposures within their portfolios.
The Russell Factor ETFs, a series of 10 U.S. equity ETFs, aim to deliver focused large cap and small cap exposure to five significant risk factors – high beta, low beta, high volatility, low volatility and high momentum – while also manage portfolio turnover and control exposure to other non-targeted risk factors.
Source: Russell Investments
