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BlackRock’s Fink More Bullish on U.S. Stocks Than Bonds as Dollar Weakens
May 31, 2011--Blackrock Inc. (BLK)’s Chief Executive Officer Laurence D. Fink said he’s more bullish on U.S. equities than bonds because companies are benefiting from the weak dollar and have surplus cash to invest for growth.
“We love equities, we love dividend stocks,” Fink said in a Bloomberg Television interview today in Hong Kong. “You own Treasuries because you’re worried about the world and the future, but if you believe the world is a good place to invest for the long cycle, you have to be in equities.”
Source: Bloomberg
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
May 31, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
It is expected that the shareholders of Massey Energy Company (NYSE:MEE) will accept the cash and share offer from Alpha Natural Resources, Inc. (NYSE:ANR).
Shareholders of both companies meet on Wednesday, June 1, 2011, to approve the transaction. Assuming shareholder approvals are received, Massey Energy shareholders will receive $US10.00 cash and 1.025 shares of Alpha Natural Resources for each share held. Massey Energy will be removed from the S&P/TSX Global Mining Index after the close of Wednesday, June 1, 2011. Following the acquisition of Massey Energy, the relative weight of Alpha Natural Resources will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the transaction, also after the close on Wednesday, June 1, 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
Component Changes Made To Dow Jones Real Estate Titans 30 Index
May 31, 2011--Dow Jones Indexes, a leading global index provider,today announced component changes in the Dow Jones Real Estate Titans 30 Index.
In the Dow Jones Real Estate Titans 30 Index, ProLogis (United States, Real Estate, PLD) will be replaced by Hong kong Land Holdings Ltd. (Singapore, Real Estate, H78.SG). ProLogis is being removed due to its acquisition by AMB Property Corp (United States, Real Estate, AMB). All changes will be effective before the open of trading on Friday, June 3, 2011.
Further information on the Dow Jones Real Estate Titans 30 Index can be found at www.djindexes.com.
Source: Dow Jones Indexes
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
May 31, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
It is expected that the shareholders of Massey Energy Company (NYSE:MEE) will accept the cash and share offer from Alpha Natural Resources, Inc. (NYSE:ANR). Shareholders of both companies meet on Wednesday, June 1, 2011, to approve the transaction. Assuming shareholder approvals are received, Massey Energy shareholders will receive $US10.00 cash and 1.025 shares of Alpha Natural Resources for each share held.
Massey Energy will be removed from the S&P/TSX Global Mining Index after the close of Wednesday, June 1, 2011. Following the acquisition of Massey Energy, the relative weight of Alpha Natural Resources will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the transaction, also after the close on Wednesday, June 1, 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
Claymore files with the SEC
May 31, 2011--Claymore has filed a post-effective amendment, registration statement with the SEC fo the Guggenheim Enhanced Core Bond and the
Guggenheim Enhanced Ultra-Short Bond ETF
view filing
Source: SEC.gov
Russell’s index brand casts shadow over ETF rollouts
May 31, 2011--Russell Investments is hoping for a halo effect from its well-known brand as it moves headlong into the ETF business. But executives are also wary of stepping in its shadow.
The Seattle, Wash.-based firm has brought in three top executives from iShares to run its fledgling business. It has constructed a unique lineup of ETFs that mixes alternative, or non-market-cap weighted, index funds with a fund-of-funds active offering. And it brings to the ETF market the Russell brand and reputation as a top-shelf index provider and manager-of-managers product developer
read more
Source: FT.com
Andean Nations Overtaking Mexican Stock Exchange Lure ING, Global X Funds
May 30, 2011--The integration of stock trading in Chile, Colombia and Peru is prompting ING Groep NV (INGA) to create a mutual fund that invests in the three countries, Global X Funds to start a regional exchange-traded fund and Colombia’s Helm Bank SA (PFBHELMB) to form an alliance with Chile’s Empresas Penta SA.
Trading on the new exchange, known as MILA, began today, more than six months after the exchanges in the three countries agreed to allow cross-border transactions and create Latin America’s second-biggest stock market after Brazil.
“There’s a lot of attention on Latin America, and the message we want to send is that there are alternatives to Brazil,” Juan Pablo Cordoba, head of Colombia’s exchange, said in an interview in Bogota. “We’re making it easier for foreign investors to get into our market.”
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Source: Bloomberg
U.S. International Reserve Position
May 30, 2011--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $140,889 million as of the end of that week, compared to $140,262 million as of the end of the prior week.
. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
|
| |||
May 27, 2011 | ||||
A. Official reserve assets (in US millions unless otherwise specified) 1 |
|
|
140,889 | |
(1) Foreign currency reserves (in convertible foreign currencies) |
Euro |
Yen |
Total | |
(a) Securities |
9,991 |
15,428 |
25,419 | |
of which: issuer headquartered in reporting country but located abroad |
|
|
0 | |
(b) total currency and deposits with: |
|
|
| |
(i) other national central banks, BIS and IMF |
15,139 |
7,578 |
22,718 | |
ii) banks headquartered in the reporting country |
|
|
0 | |
of which: located abroad |
|
|
0 | |
(iii) banks headquartered outside the reporting country |
|
|
0 | |
of which: located in the reporting country |
|
|
0 | |
|
| |||
(2) IMF reserve position 2 |
19,606 | |||
|
| |||
(3) SDRs 2 |
56,808 | |||
|
| |||
(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 | |||
--volume in millions of fine troy ounces |
261.499 | |||
|
| |||
(5) other reserve assets (specify) |
5,297 | |||
--financial derivatives |
| |||
--loans to nonbank nonresidents |
| |||
--other (foreign currency assets invested through reverse repurchase agreements) |
5,297 | |||
B. Other foreign currency assets (specify) |
| |||
--securities not included in official reserve assets |
| |||
--deposits not included in official reserve assets |
| |||
--loans not included in official reserve assets |
| |||
--financial derivatives not included in official reserve assets |
| |||
--gold not included in official reserve assets |
| |||
--other |
|
|
| |
read more
Source: Department of the US Treasury
CFTC.gov Commitments of Traders Reports Update
May 27, 2011--CFTC.gov Commitments of Traders Reports have been updated for the week of May 24, 2011 are now available
view updates
Source: CFTC.gov
Claymore files with the SEC
May 27, 2011--Claymore has filed a post-effective amendment, registration statement with the SEC for the Guggenheim Shipping ETF (SEA).
view filing
Source: SEC.gov
