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Van Eck Global Launches Market Vectors® LatAm Aggregate Bond ETF
First U.S.-based ETF to Offer Exclusive Exposure to Latin America’s Debt Markets
May 12, 2011--New York-based asset manager Van Eck Global announced today that it has launched Market Vectors LatAm Aggregate Bond ETF (NYSE Arca: BONO), an exchange-traded fund (ETF) that seeks to track, before fees and expenses, The BofA Merrill Lynch Broad Latin America Bond Index (LATS), an index consisting of a portfolio of sovereign and corporate debt securities issued by Latin American issuers and denominated in US Dollar, Euro and local currencies of the issuers.
“Local debt markets in Latin America have been maturing quickly in recent years,” said Jan van Eck, Principal at Van Eck Global. “Governments have limited their reliance on borrowing abroad, infrastructure projects are proliferating throughout the region, and better transparency has led to improved sovereign credit ratings. These factors, coupled with the relatively high yields currently offered by Latin American bonds, have served to increase foreign investment demand for the region’s sovereign and corporate debt. With all of this in mind, we are pleased to be launching BONO.”
BONO carries a gross expense ratio of 0.56% and a net expense ratio of 0.49%. Expenses are capped contractually until September 1, 2012 and exclude certain expenses, such as interest.
As of April 30, the index included 453 constituents, had an average yield-to-worst of 7.27% with top country allocations as follows: Brazil 36.52%, Mexico 29.03%, Colombia 12.19%, Venezuela 6.50% and Argentina 4.17%. The index is market-cap weighted subject to a 20% cap on individual issuer exposures.
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Source: Van Eck
ETF investors favor BlackRock over Vanguard in April
May 11, 2011-- Investors in U.S. exchange-traded funds added more money to market leader BlackRock's iShares line-up than to Vanguard's offerings in April, reversing a recent trend in favor of Vanguard.
Including flows to commodity ETFs, BlackRock (BLK.N) received a net $8.9 billion in April while Vanguard collected $2.8 billion, according to a monthly BlackRock report released on Wednesday. State Street (STT.N) collected $4.9 billion in April.
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Source: Reuters
CFTC.gov Financial Data for Futures Commission Merchants Update
May 11, 2011--Selected FCM financial data as of March 31, 2011 (from reports filed by May 6, 2011) is now available.
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Source: CFTC.gov
Third of US pension schemes cut domestic equity exposure
May 11, 2011-More than a third of US pension schemes reduced their domestic equity exposure last year, with many saying the trend away from local stocks would continue well into 2011, according to Aon Hewitt
The survey of almost 230 schemes in the US, with assets of $389bn (€271bn), also found that funds were switching to liability-matching investments in an effort to combat volatility.
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Source: IP&E
Oil and fuel prices fall after US supply report
May 11, 2011--Oil and fuel prices plunged in furious trading after a government report said US supplies of petrol had reversed a weeks-long decline.
The report on supplies on Wednesday confounded traders who had been betting on stronger petrol prices as floods threaten key refineries in the southern US.
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Source: FT.com
Direxion files with the SEC
May 11, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC for
IndiaShares Fixed-Income Shares
IndiaShares Mid- & Small- Cap Shares
IndiaShares Mid- & Small- Cap Shares
India Sector Funds
IndiaShares Consumer Shares
IndiaShares Energy & Utilities Shares
IndiaShares Financial Shares
IndiaShares Industrial Shares
IndiaShares Infrastructure Shares
IndiaShares Materials Shares
IndiaShares Technology & Telecommunication Shares
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Source: SEC.gov
Global X files with the SEC
May 11, 2011--Global X has filed a post-effective amendment, registration statement with the SEC for the Global X Auto ETF (VROM).
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Source: SEC.gov
Exchange Traded Spreads Trust files with the SEC
May 11, 2011-Exchange Traded Spreads Trust has filed a registration statement with the SEC for the
ETS Offshore RMB Bond Fund.
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Source: SEC.gov
DBX files with the SEC
May 11, 2011--DBX Trust has filed a pre-effective amendment, registration statement with the SEC for
db-X MSCI Emerging Markets Currency-Hedged Equity Fund (DBEM)
db-X MSCI EAFE Currency-Hedged Equity Fund (DBEF)
db-X MSCI Brazil Currency-Hedged Equity Fund (DBBR)
db-X MSCI Canada Currency-Hedged Equity Fund (DBCN)
db-X MSCI Japan Currency-Hedged Equity Fund (DBJP)
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Source: SEC.gov
Dow Jones Industrial Average Celebrates its 115th Anniversary
In Recognition, New York City Proclaims May 26, 2011
Dow Jones Industrial Average Day’
‘Talking About the Stock Market Without Mentioning The Dow …… is Like Talking About the Weather Without Mentioning the Temperature’
May 11, 2011-The year 1896 was notable for many things: the X-ray was discovered and the world’s first movie theater opened. Utah was admitted as America’s 45th state and the first modern Olympic Games were staged in Athens. It was also the year the first Tootsie Roll was produced.
Looking back at The Dow from its early days of being published in The Wall Street Journal, it has become a daily fixture in American life,” said John A. Prestbo, Editor and Executive Director of Dow Jones Indexes. “It is the gold standard in measuring economic health and prosperity with a track record unrivaled by any other index. The Dow continues to be the most quoted measure of the U.S. stock market globally and it remains the answer to the question: ‘What did the market do today?’”
At a press conference today to commemorate The Dow’s 115th anniversary, Mr. Prestbo announced that May 26, 2011 has been officially proclaimed “Dow Jones Industrial Average Day” in New York City, the location of The Dow’s birth.
In remarks to the media today, Mr. Prestbo explained why the number of components in the Dow Jones Industrial Average has held at 30 for the past 83 years, how and by whom they are selected, and the rationale for The Dow’s price-weighted methodology.
“Someone once wrote that talking about the stock market without mentioning the Dow Jones Industrial Average is like talking about the weather without mentioning the temperature,” Mr. Prestbo said. “That’s hard to argue.”
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Source: Dow Jones Indexes
