Americas ETP News
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First Trust files with the SEC
April 20, 2011-First Trust has filed a post-effective amendment, registration statement with the SEC for the First Trust ISE Cloud Computing Index Fund.
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Source: SEC.gov
Pimco files with the SEC
April 20, 2011-Pimco has filed a post-effective amendment, registration statement with the SEC for the PIMCO Total Return Exchange-Traded Fund an actively-managed ETF.
view filing
Source: SEC.gov
NASDAQ OMX Reports Record First Quarter 2011 Results
Non-GAAP Diluted EPS of $0.61 Represents 42% Increase Over Q110 Results
April 20, 2011---- The NASDAQ OMX Group, Inc. (NASDAQ OMX) (Nasdaq:NDAQ) reported strong results for the first quarter of 2011. Net income attributable to NASDAQ OMX for the first quarter of 2011 was $104 million, or $0.57 per diluted share, compared with $137 million, or $0.69 per diluted share, in the fourth quarter of 2010, and $61 million, or $0.28 per diluted share, in the first quarter of 2010.
Included in the first quarter of 2011 results are $9 million of expenses associated with merger and strategic initiatives, a sublease loss reserve, and other items.
Financial Highlights:
Net exchange revenues were $415 million, a 15% increase over Q110 results.
Non-GAAP operating income improved to $190 million, up 19% from the prior year quarter, while operating margins increased to 46%.
Non-GAAP Net Income was $110 million, an increase of 20% over Q110 results.
Non-GAAP diluted EPS increased to $0.61, up from $0.43 in the prior year quarter.
GAAP diluted EPS increased to $0.57, up $0.29 from $0.28 in the first quarter of 2010.
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SourceL NASDAQ OMX
Brazil raises rates to 12%
April 20, 2011--Brazil’s central bank has raised interest rates less than expected, indicating that policymakers are planning to rely on other tools to stem rising inflation
The Banco Central do Brasil monetary policy meeting, headed by central bank president Alexandre Tombini, voted to raise the benchmark Selic interest rate by 25 basis points, from 11.75 per cent to 12 per cent.
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Source: FT.com
SEC Announces Roundtable on International Financial Reporting Standards
April 20, 2011 — The Securities and Exchange Commission staff announced today that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.
The July 7 event will feature three panels representing investors, smaller public companies, and regulators. The panel discussions will focus on topics such as investor understanding of IFRS and the impact on smaller public companies and on the regulatory environment of incorporating IFRS.
“We must carefully consider and deliberate whether incorporating IFRS into our financial reporting system is in the best interest of U.S. investors and markets,” said SEC Chief Accountant James Kroeker. “This roundtable will provide an excellent opportunity for investors, preparers, and regulators to provide the SEC staff with valuable information that will help the Commission in its ongoing consideration of incorporating IFRS.”
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Source: SEC.gov
Pimco's new ETF to focus on US debt
April 20, 2011--Bill Gross, manager of the world’s largest mutual fund, is to run a new exchange-traded fund for Pimco.
The involvement of such a high-profile investor in an actively traded ETF will attract attention, and assets, to a corner of an industry better known as a cheap and flexible way to make passive investments.
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Source: FT.com
Dow Jones Indexes Adds Three U.S. Large-Cap Style Indexes, One U.S. Dividend-Focused Index to Dow Jones RBP Index Family
Expanded Index Family Utilizes Proprietary Performance Probabilities To Indicate Likelihood a Public Company Can Deliver Performance to Support Its Stock Price
April 20, 2011--Dow Jones Indexes, a leading global index provider, today announced the addition of four new indexes to its family of Dow Jones RBP Indexes.
The new series of indexes includes three U.S. large-cap “style” indexes of growth and value stocks — the Dow Jones RBP U.S. Large-Cap Growth Index and the Dow Jones RBP U.S. Large-Cap Value Index — as well as an index that blends growth and value: the Dow Jones RBP U.S. Large-Cap Core Index.
Also launched was the Dow Jones RBP U.S. Dividend Index, the first within the Dow Jones RBP Index family to utilize dividends to select and weight companies.
The Dow Jones RBP Index family (www.djindexes.com/rbp) is a series of quantitative strategy indexes offered by Dow Jones Indexes and Transparent Value LLC, a New York-based asset management and financial information services company.
Large and actively traded securities are selected to the indexes in part based on their RBP, or Required Business Performance, probabilities. These proprietary probabilities are calculated by taking a reverse discounted cash flow approach to indicate the likelihood that a public company will deliver the business performance necessary to support its current stock price.
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Source: Dow Jones Indexes
First Trust Advisors Announces Thirteen New AlphaDEX ETF Products Begin Trading on NYSE Arca
April 20, 2011--First Trust Advisors L.P. (First Trust) announces nine new international exchange-traded funds (ETFs) began trading today on NYSE Arca. These new ETFs join the current line-up of 16 AlphaDEX funds trading on the NYSE Arca. Four core equity domestic ETFs round out the family with small- and mid- cap funds. These four funds will begin trading on April 20th.
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AlphaDEX® International
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| FPA | First Trust Asia Pacific Ex-Japan AlphaDEX® Fund | ||
| FEP | First Trust Europe AlphaDEX® Fund | ||
| FLN | First Trust Latin America AlphaDEX® Fund | ||
| FBZ | First Trust Brazil AlphaDEX® Fund | ||
| FCA | First Trust China AlphaDEX® Fund | ||
| FJP | First Trust Japan AlphaDEX® Fund | ||
| FKO | First Trust South Korea AlphaDEX® Fund | ||
| FDT | First Trust Developed Markets Ex-US AlphaDEX® Fund | ||
| FEM | First Trust Emerging Markets AlphaDEX® Fund | ||
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AlphaDEX® Domestic
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| FNY | First Trust Mid Cap Growth AlphaDEX® Fund | ||
| FNK | First Trust Mid Cap Value AlphaDEX® Fund | ||
| FYC | First Trust Small Cap Growth AlphaDEX® Fund | ||
| FYT | First Trust Small Cap Value AlphaDEX® Fund | ||
“We are excited to add these thirteen new funds to the AlphaDEX® family of ETFs, nearly doubling the existing line-up,” said Dan Waldron, Senior Vice President, Exchange-Traded Funds Strategist of First Trust. “The AlphaDEX® funds are designed to do what their name implies: generate Alpha, and we are pleased with their track record since the bottom of the market in February 2009,” he continued. “The nine new funds comprising the AlphaDEX® International line-up are a diverse group of broad, regional and single country funds. We believe the positive effects of globalization are going to continue for years to come and investors may benefit from a globally diversified investment portfolio, particularly in the emerging markets where GDP growth for 2011 is projected to be 6.4%, compared to 2.2% for advanced economies, according to the International Monetary Fund,” Waldron concluded.
Source: First Trust Advisors
Statement on President Obama’s Comments Regarding Speculation
Commissioner Bart Chilton
April 19, 2011
“President Obama is correct that speculators are impacting fuel prices.
There is a Wall Street premium on gas prices today. Every time folks fill up their tanks, they can expect that several dollars are due to speculation.
Speculative dollars are coming into energy markets at a blistering pace. Speculative positions in energy contracts have increased 64 percent since we last saw such high prices in 2008.
Don’t get me wrong, we need speculators. There is no market without them, but as we have seen, too much speculation can move prices.
The President fought to give us authority to impose limits on speculators, but we have yet to use that authority. We need to use the tools that Congress gave us to stop excessive speculation, and we need to do it now.”
Source: CFTC.gov
Firstrade to Offer Investors Commission-Free ETFs
Ten Popular Exchange-Traded Funds Represent Diverse Allocation of Assets
April 19, 2011-- Firstrade, www.firstrade.com, a leading online brokerage, announced that investors can now buy and sell 10 of the most popular exchange-traded funds (ETFs) at no cost. The funds represent a broad array of categories including domestic and foreign, small-cap, mid-cap and commodity funds, emerging markets and short-term to long-term bonds.
"The 10 ETFs we selected for commission-free trading are designed to allow clients to quickly and easily build a strong foundation for a diversified portfolio," said John Liu, President and CEO of Firstrade. "Our 10 Commission-free ETFs cover it all."
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Source: Marketwire
