Americas ETP News
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Index IQ files with the SEC
May 23, 2011--Index IQ has filed a post-effective amendment, registration statement with the SEC for the
| Name | CUSIP | Symbol |
| IQ Mexico Small Cap ETF | 45409B 727 | MEXI |
| IQ Asian Tigers ETF | 45409B 719 | ROAR |
| IQ Asian Tigers Consumer ETF | 45409B 610 | ABUY |
| IQ Asian Tigers Small Cap ETF | 45409B 693 | MEOW |
| IQ Asia Pacific ex-Japan Small Cap ETF | 45409B 685 | APXJ |
| IQ Australia Mid Cap ETF | 45409B 677 | MATE |
| IQ Canada Mid Cap ETF | 45409B 669 | CNDM |
| IQ Japan Mid Cap ETF | 45409B 651 | RSUN |
| IQ Emerging Markets Mid Cap ETF | 45409B 644 | EMER |
| IQ Global Precious Metals Small Cap ETF | 45409B 636 | JEWL |
| IQ U.S. Real Estate Small Cap ETF | 45409B 628 | ROOF |
view filing
Source: SEC.gov
Global X files with the SEC
May 23, 2011-Global X has filed a post-effective amendment, registration statement with the SEC for the Global X UK Small-Cap ETF
Global X Germany Small-Cap ETF
Global X Mexico Small-Cap ETF
Global X Hong Kong Small-Cap ETF
Global X Singapore Small-Cap ETF
Global X South Korea Small-Cap ETF
Global X Taiwan Small-Cap ETF
Global X Rare Earths ETF
Global X Strategic Metals ETF
Global X Fertilizers/Potash ETF
Global X SuperDividend ETF
Global X Canada Preferred ETF
view filing
Source: SEC.gov
Direxion To Change Tickers For Levered Natural Gas ETFs
May 23, 2011--Direxion said today that effective Tuesday, the trading symbols for the Direxion Daily Natural Gas Related Bull 2x Shares and Direxion Daily Natural Gas Related Bear 2x Shares will change to GASL and GASX, respectively.
Both seek 200% of the daily performance of the ISE Revere Natural Gas Index.
Direxion also stressed in their announcement that “there is no guarantee the funds will meet their stated investment objectives.”
read more
Source: Barrons
Invesco PowerShares to Introduce the First Fundamental Pure Style ETFs
May 23, 2011-- Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today plans for a suite of nine Fundamental Pure Style ETFs based on the Research Affiliates® Fundamental Index® (RAFI®) methodology.
On June 16, 2011, Invesco PowerShares will list the PowerShares Fundamental Pure Large Growth Portfolio (PXLG) based on the RAFI® Fundamental Large Growth Index, and the PowerShares Fundamental Pure Large Value Portfolio (PXLV) based on the RAFI® Fundamental Large Value Index on the NYSE Arca.
In addition, Invesco PowerShares will be changing the indexes, names and ticker symbols for seven existing ETFs in its Intellidex style/size lineup to the RAFI Fundamental US Style Index Series (RAFI Index Series), to provide investors with a complete suite of style box ETFs based on the RAFI Fundamental Index methodology. The rebranded portfolios management fees will be reduced to 0.29% and their operating expenses (excluding certain expenses) will be capped at 0.39% until at least August 31, 2012.
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Source: Invesco PowerShares Capital Management LLC
Institutions' Growing ETF Use Underscores Funds' Versatility and Value
May 23, 2011--Institutional investors report they are increasingly turning to Exchange Traded Funds (ETFs) to facilitate essential fund management practices, including liquidity management, transition management and the equitization of transactional cash for asset-allocation purposes, a study released by Greenwich Associates today shows.
The trends in institutional investors' use of ETFs are documented in year-over-year changes in the behaviors of pension funds, foundations and endowments as reported by the independent research firm Greenwich Associates. The study, in its second year and sponsored this year by iShares, reports that the number of institutional investors reporting use of ETFs for transition management, cash equitization, rebalancing and liquidity management increased significantly from 2010 to 2011.
Among investors participating in the study, 63% said they use ETFs for transition management purposes. That level is up from the 38% who reported using ETFs for transitions in the 2010 Greenwich Associates study. Institutions reporting ETF usage for cash equitization rose to 51% in 2011 from 31% in 2010. The reported use of ETFs by institutions for rebalancing purposes rose to 44% in 2011 from 24% in 2010. The use of ETFs in overlay liquidity strategies or liquidity sleeves increased to 10% in 2011 from 3% in 2010.
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Source: Marketwire
Fundamentals-Sector Weights: On Average Wrong, but Dynamically Right
May 23, 2011--In Marcel Duchamp’s famous
1912 painting, Nude Descending a
Staircase, No. 2, the French painter
captured the sense of motion by
illustrating a series of images—
all displayed in one frame.1 The
controversial painting was inspired
by Cubism’s breakdown of familiar
images into multiple perspectives.
But it went one better than the
Cubists—who typically used
static images—by adding motion,
reflecting the influence of the
nascent motion picture industry.2
The painting forced the observer to
rethink how he or she viewed art.
Similarly, the Fundamental Index® methodology forces investors to rethink how they view portfolio returns. Investors typically dissect returns, trying to understand how much of performance is attributable to sector bets and how much to stock selection. Like Cubists, they are deconstructing reality and then putting it back together. But what if we—like Duchamp—add motion to the picture?
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Source: Research Affiliates, LLC.
Semi-Annual Changes To The NASDAQ OMX CRD Global Sustainability Index
May 23, 2011--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and CRD Analytics announced today the results of the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index (Nasdaq:QCRD), which will become effective prior to market open on Monday, May 23, 2011.
The following seven securities will be added to the Index: AngloGold Ashanti Limited (NYSE:AU), Campbell Soup Company (NYSE:CPB), Goldcorp Inc. (NYSE:GG), The Coca-Cola Company (NYSE:KO), Merck & Co., Inc. (NYSE:MRK), Syngenta AG (NYSE:SYT) and Wipro Limited (NYSE:WIT).
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Source: NASDAQ OMX
Van Eck files with the SEC-Market Vectors Business Development Company ETF
May 20, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors Business Development Company ETF.
view filing
Source: SEC.gov
Van Eck files with the SEC
March 20, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors International High Yield Bond ETF.
view filing
Source: SEC.gov
Equity ETF outflows dominate, munis lose -Lipper
Bank loan funds extend inflow streak to 46 weeks.
Muni bond outflow streak, at 27 weeks, appears waning
Taxable bond funds pull in cash, steady pace maintained (Updates with link to ETF impact on equity sector)
May 20, 2011--Big outflows from equity exchange-traded funds overwhelmed actively managed stock mutual funds in the week ended May 18, while municipal bond funds extended their outflow streak, data from Thomson Reuters Lipper showed on Thursday.
Overall, U.S.-domiciled equity funds suffered nearly $6 billion in net outflows, with the vast majority bleeding out of domestic-focused equities.
Excluding ETFs, the traditional funds business pulled in a net $1.6 billion, with inflows for both domestic as well as non-domestic equity funds.
"Equity funds are being pushed around by short-term traders, whether they are institutional or not. We have had some disappointing economic news that people are focusing on as (corporate) earnings season wraps up," said Tom Roseen, senior analyst at Lipper.
"This could be a little bit of sell in May and go away. I see it as a buying opportunity rather than sitting off to the sidelines," he said.
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Source: Reuters
