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An ETF From Bill Gross
June 3, 2011--Is it a big deal that famed bond-fund manager Bill Gross is looking to launch an exchange-traded version of his Pimco Total Return fund? The answer may depend on whether you're an investor or a mutual-fund executive.
For investors, the answer is probably, "Meh." For a fund executive, "Yes, but..."
ETFs for the most part have been an attractive option for investors. Their appeal has been strongest in stocks, where they have been mainly index-based and generally offer greater tax efficiency and lower costs than most actively managed funds. ETFs also have opened up commodity investing to a broader audience.
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Wall Street Journal Online
Teucrium files with the SEC- Teucrium Wheat Fund
June 3, 2011--Teucrium has filed a Amendment No. 3 to FORM S-1 for the Teucrium Wheat Fund.
view filing
Source: SEC.gov
Teucrium files with the SEC-Teucrium Sugar Fund
June 3, 2011--Teucrium has filed a Amendment No. 3 to FORM S-1 for the Teucrium Sugar Fund.
view filing
Source: SEC.goiv
Teucrium files with the SEC
June 3, 2011--Teucrium has filed a Amendment No. 3 to FORM S-1 for the
Teucrium Soybean Fund.
view filing
Source: SEC.gov
Precidian files with the SEC
June 3, 2011--Precidian has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Russell files with the SEC
June 3, 2011--Russell has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
Remarks, Bringing Transparency to the Swaps Markets, National Association of Corporate Treasurers Conference
Chairman Gary Gensler
June 2, 2011--Good afternoon. I thank the National Association of Corporate Treasurers and Tom Deas for inviting me to speak today. Both the Commodity Futures Trading Commission (CFTC) and I have benefited from your thoughtful input and constant attention to important issues with regard to the swaps marketplace during the legislative process and the rule-writing process to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Dodd-Frank Act brings essential reform to the swaps markets that will benefit the American public and each of you in your roles as corporate treasurers.
Though I am speaking to you in my formal capacity as Chairman of a market regulatory agency, I also was once co-head of finance at a major firm. Like many of you, I helped oversee how a corporation funded itself, managed its risk and met its budget.
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Source: CFTC.gov
NSX Releases June 2011 ETF Data Reports
Monthly Net Cash Outflows Posted For First Time During 2011
June 2, 2011--Highlights from the May 2011 reports include:
Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $1.11 trillion at May 2011 month-end, an increase of almost 40% over May 2010 month-end when assets totaled almost $798 billion.
ETFs/ETNs posted net cash outflows of approximately $978 million for the month of May.
Year-to-date 2011 net cash inflows stood at $50.4 billion, an increase of approximately 83% over the same time period in 2010 when net cash inflows reached $27.6 billion.
For May, Fixed Income products had net inflows of $4.8 billion, while Equities and Commodities products realized net cash outflows of $3.7 billion and $3.5 billion, respectively.
ETF/ETN notional trading volume during May 2011 totaled approximately $1.6 trillion, representing almost 31% of all U.S. equity trading volume. # At the end of May 2011, the number of listed products totaled 1254 compared to 995 listed products at the same time last year.
Visit http://www.nsx.com/content/etf-assets-list for more info.
Source: National Stock Exchange
IndexIQ Debuts Japan Mid-Cap ETF
June 2, 2011--IndexIQ, the firm behind a suite of hedge fund replication ETFs and small cap country-specific funds, notched another first for the ETF industry on Thursday.
The IQ Japan Mid Cap ETF (RSUN) will seek to replicate an index that consists of about 100 mid cap Japanese stocks. The weighted average market capitalization of the companies that make up the index will be approximately $3 billion
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Source: INDEX IQ
Guggenheim Launches Actively Managed Fixed-Income ETFs
Asset Manager Stakes Presence in Actively Managed Space
June 2, 2011 – Guggenheim Funds Distributors, Inc. announced the launch of two new actively managed exchange-traded funds (ETFs), the Guggenheim Enhanced Core Bond ETF (NYSE Arca: GIY)
and
the Guggenheim Ultra-Short Bond ETF (NYSE Arca: GSY). The two funds seek to offer the benefits of active management and a cost-effective way to access today’s fixed income marketplace.
Guggenheim Enhanced Core Bond ETF* is an actively managed ETF that seeks total return comprised of income and capital appreciation. The Fund will normally invest at least 80% of its net assets in fixed income securities and attempts to outperform the Barclays Capital U.S. Aggregate Bond index. The Investment Adviser utilizes a quantitative strategy which attempts to identify relative mispricing among the instruments of a given asset class and estimate future returns which may arise from the eventual correction of the relative mispricing.
Guggenheim Enhanced Ultra-Short Bond ETF** is an actively managed ETF that seeks maximum income, consistent with preservation of capital and daily liquidity. The Fund will normally invest at least 80% of its net assets in fixed income securities. The Fund uses a low duration strategy to seek to outperform the 1-3 Month Treasury Bill Index in addition to providing returns in excess of those available in U.S. Treasury bills, government repurchase agreements, and money market funds. The Fund is not a money market fund and thus does not seek to maintain a stable net asset value of $1.00 per share.
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Source: Guggenheim
