Americas ETP News
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PowerShares files with the SEC
March 24, 2011--PowerShares has filed a post-effecive amendment, registration statement with the SEC for the
PowerShares S&P 500® Low Beta Portfolio
PowerShares S&P 500® High Momentum Portfolio
and the PowerShares S&P 500® High Volatility Portfolio
view filing
Source: SEC.gov
PowerShares files with the SEC
March 24, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares S&P 500 ® High Beta Portfolio (SPHB) and the
PowerShares S&P 500® Low Volatility Portfolio (SPLV)
view filing
Source: SEC.gov
Credit Suisse considers bid for US securities
March 24, 2011--Credit Suisse has joined the list of banks and investment firms considering a rival bid for the portfolio of mortgage-backed securities that has already drawn a $15.7bn offer from AIG, people familiar with the matter said.
As the Financial Times reported on Tuesday, Barclays may also form a group to pursue the Maiden Lane II assets. At the same time, Morgan Stanley has discussed with several clients the prospects of buying the securities, a person familiar with the matter said.
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Source: FT.com
Surging Vix volumes could start to drive investor trends
March 24, 2011--Adversity always brings opportunity. That has long been the adage of the financial world. Now that principle is playing out in a corner of Chicago in an intriguing manner.
As global investors reel from the latest string of disasters and upheavals, ranging from the tsunami in Japan to political strife in the Middle East, the Chicago Board Options Exchange is quietly reaping the benefits in relation to its proprietary product, the Vix.
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Source: FIN24
S&P 500 breaches 1,300 barrier
March 24, 2011--Strong earnings numbers from Red Hat led the technology sector higher, while the wider markets ticked up as healthy employment data gave traders a new focus away from global political tensions.
The developer of open-source software reported net profits up 43 per cent in the fourth quarter, topping analysts expectations and sending shares soaring 18.2 per cent to $47.26.
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Source: FT.com
BlackRock Sees Growth In Brazil's ETF Market
March 23, 2011--More exchange-traded funds are likely to become available in Brazil as the market continues to grow, according to U.S. asset manager BlackRock Inc. (BLK).
ETFs are like mutual funds but they are traded on stock exchanges, allowing investors to participate in more sophisticated strategies, such as indexes, without needing the structure of a fully fledged asset management firm. They have become extremely popular in the U.S. and Europe by opening a window to assets that were otherwise shut off to small-scale investors.
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Source: FOX Business
Two IndexIQ Small Cap ETFs List on NYSE Arca
March 23, 2011-- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading theIQ Canada Small Cap ETF (Ticker: CNDA),and theIQ Australia Small Cap ETF (Ticker: KROO).The ETFs are sponsored by IndexIQ.
IQ Canada Small Cap ETF
The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Canada Small Cap Index, which is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector of publicly traded companies domiciled and primarily listed on an exchange in Canada.
IQ Australia Small Cap ETF
The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Australia Small Cap Index, which is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector of publicly traded companies domiciled and primarily listed on an exchange in Australia.
Source: NYSE Euronext
AT&T Buys Deutsche Telekom’s U.S. Business for $39 Billion
March 23, 2011--AT&T Inc. (T) agreed to buy T-Mobile USA from Deutsche Telekom AG (DTE) for about $39 billion in cash and stock to create America's largest mobile-phone company, trumping Sprint Nextel Corp. (S)'s effort to acquire the business.
The deal would allow AT&T, now the second-largest U.S. wireless operator, to add about 34 million customers and surpass Verizon Wireless. The acquisition, the largest in the wireless industry since 2004, may face government scrutiny because it combines the second- and fourth-largest wireless providers, reducing consumer choice. Regulatory approval may take a year, Dallas-based AT&T said.
Source: Bloomberg
Charles Schwab has been busy coming up with a platform to add exchange traded funds into an all-ETF 401 plan by early 2012. How is the progress as of now?
March 23, 2011-Charles Schwab has been busy coming up with a platform to add exchange traded funds into an all-ETF 401 plan by early 2012. How is the progress as of now?
Schwab isn't the first-mover in this growing space, but when the plan launches, it will be the biggest player by a long shot.
.The move is huge for the ETF industry, which has been trying in cracking this market.
Record-keeping is the only thing holding back ETFs from truly breaking into the 401 market, but several 401 plan providers are working around this obstacle and proving its a minor glitch, at the most.
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Source: World of finance
Component Changes Made to Dow Jones Select Dividend and Dow Jones Titans Indexes
March 23, 2011--Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones Select Dividend, Dow Jones Country Titans and Dow Jones Sector Titans Indexes.
In the Dow Jones Global Select Dividend Index, Milano Assicurazioni S.p.A. (Italy, Insurance, MI.MI) will be replaced by Astrazeneca PLC (United Kingdom, Health Care, AZN.LN).
In the Dow Jones EPAC Select Dividend Index, Milano Assicurazioni S.p.A. (Italy, Insurance, MI.MI) will be replaced by Belgacom S.A. (Belgium, Telecommunications, BELG.BT).
In the Dow Jones Italy Select Dividend 20 Index, Milano Assicurazioni S.p.A. (Italy, Insurance, MI.MI) will be replaced by Geox S.p.A. (Italy, Personal & Household Goods, GEO.MI).
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Source: Dow Jones Indexes
