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Van Eck files with the SEC
May 13, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the
Market Vectors Municipal Bond Closed-End Fund ETF.
view filing.
Source: SEC.gov
Direxion files with the SEC
May 13, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC for the
Quantum-ISE Enhanced Broad Market Shares
Quantum-ISE Enhanced Large-Cap Shares
Quantum-ISE Enhanced Small-Cap Share
view filing
Source: SEC.gov
Russell Files with the SEC
May 13, 2011--Russell has filed a post-effective amendment, registration statement with the SEC for
Russell Aggressive Growth ETF (AGRG)
Russell Consistent Growth ETF(CONG)
Russell Growth at a Reasonable Price ETF(GRPC)
Russell Contrarian ETF (CNTR)
Russell Equity Income ETF (EQIN)
Russell Low P/E ETF (LWPE)
Russell Small & Mid Cap Defensive Value ETF (SMDV)
Russell Small Cap Defensive Value ETF (SCEQ)
view filing
Source: SEC.gov
Schwab files with the SEC
May 13,2011--Charles Schwab has filed a post-effective amendment, registration statement with the SEC.
read more
Source: SEC.gov
ProFunds names Richard Eng COO
May 13, 2011--ProFunds Group, a premier provider of alternative ETFs and mutual funds, announced today that Richard Eng has been named Chief Operations Officer. Mr. Eng, most recently with Legg Mason Capital Management, will oversee fund and investor services, financial administration, and information technology. He reports to Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC and ProFund Advisors LLC.
"With over 15 years of operations and technology experience in the investment management business, Rick is an outstanding addition to our team," said Mr.
Sapir. "Rick's oversight and guidance in many significant areas, including our investment operations, shareholder servicing, and technology strategy will be particularly valuable as we continue to expand our lineup of alternative ETFs and mutual funds." Mr. Eng was most recently with Legg Mason Capital Management as Chief Operating Officer. During his tenure at Legg Mason, he oversaw professionals in the areas of investment operations, client reporting and production, settlements, trading, information technology, and finance.
read more
Source: CNBC
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
May 13, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
The shareholders of Plutonic Power Corp. (TSX:PCC) have agreed to the merger with Magma Energy Corp. (TSX:MXY) to form Alterra Power Corp. (TSX:AXY).
Plutonic Power shareholders will receive 2.38 shares of the new Alterra Power for each share held. Plutonic Power will be removed from the S&P/TSX Clean Technology Index after the close of Tuesday, May 17, 2011.
Following the merger with Plutonic Power, the relative weight of Alterra Power Corp. will increase in the S&P/TSX Clean Technology, SmallCap and Equity SmallCap Indices to reflect the issuance of shares as part of the transaction effective at the same date.
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 Emerging Markets Consumer Goods Titans 30 Index
May 13, 2011--Dow Jones Indexes, a leading global index provider, today announced that Wimm-Bill-Dann Foods OJSC ADS (Russia, Food & Beverage, WBDF.RS) will be removed from the Dow Jones Emerging Markets Consumer Goods Titans 30 Index.
Wimm-Bill-Dann Foods OJSC ADS (Russia, Food & Beverage, WBDF.RS) will be replaced by Great Wall Motor Co. Ltd. (China, Automobiles & Parts, 2333.HK) in the Dow Jones Emerging Markets Consumer Goods Titans 30 Index. Wimm-Bill-Dann Foods OJSC ADS is being removed due to its acquisition by PepsiCo Inc. (United States, Food & Beverage, PEP). All changes in the Dow Jones Emerging Markets Consumer Goods Titans 30 Index will be effective before the open of trading on Wednesday, May 18, 2011.
The Dow Jones Emerging Markets Consumer Goods Titans 30 Index measures the stock performance of 30 leading emerging-market companies in the Consumer Goods Industry as defined by the Industry Classification Benchmark (ICB). Stocks are selected to the index based on size, revenue and net profit. The index is weighted by float market capitalization.
Further information on the Dow Jones Emerging Markets Consumer Goods Titans 30 Index can be found on http://www.djindexes.com
Source: Dow Jones Indexes
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
May 13, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, May 13, 2011:
Resource Hunter Capital Corp. (TSXVN:RHC) will trade under the new name Plains Creek Phosphate Corporation.
The new ticker symbol will be "PCP" and the new CUSIP number will be 72650E 10 1. There is no consolidation of capital.
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
CFTC.gov Commitments of Traders Reports Update
May 13, 2011--CFTC.gov Commitments of Traders Reports have been updated for the week of May 10, 2011 are now available
read more
Source: CFTC.gov
SEC Approves BX Venture Market
Smaller Companies to Benefit From BX Venture Market's Quality Regulation and Market Structure
May 12, 2011--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced SEC approval of the BX Venture Market. This new listing market will provide companies that would not otherwise qualify for an exchange listing the opportunity to list and trade their shares in a well regulated and transparent environment.
For companies already trading in the over-the-counter markets, contemplating an initial exchange listing or those delisted from a national securities exchange, the BX Venture Market will provide a new, better-regulated listing alternative. Listing standards for this market will require companies to comply with many of the same corporate governance requirements as are required for listing on other securities exchanges and maintain basic quantitative standards.
Companies and their shareholders will benefit from the high quality of real-time and post-trade market surveillance and a robust portfolio of products and services that will support BX Venture Market listed companies. Trading will be available on NASDAQ OMX's INET platform, the world's most sophisticated trading technology.
"The BX Venture Market is a new listing alternative that supports capital formation for early stage and smaller companies in a transparent and well-regulated environment," said Bob McCooey, Senior Vice President of NASDAQ OMX. "In addition, the BX Venture Market can provide a new exit opportunity for the long-term investments made by venture capitalists who support job creation and ongoing U.S. competitiveness."
The BX Venture Market is expected to launch later this year. For more information, please visit http://www.bxventure.com/.
Source: NASDAQ OMX
