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Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
April 1, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, April 4, 2011:
Hathor Exploration Limited (TSXVN:HAT) will be removed from the index.
The company will graduate to trade on TSX under the same ticker symbol. Hathor Exploration will remain a constituent of the S&P/TSX Venture 30 Index until the next index rebalancing at the end of July, 2011.
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
April 1, 2011--CFTC.gov Commitments of Traders Reports have been updated for the week of March 29, 2011 are now available.
view updates
Source: CFTC.gov
Van Eck files with the SEC-Market Vectors Japanese Bond ETF
April 1, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors Japanese Bond ETF.
view filing
Source: SEC.gov
Van Eck files with the SEC -Market Vectors Russia Small-Cap ETF
April 1, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors Russia Small-Cap ETF.
view filing
Source: SEC.gov
Van Eck files with the SEC
April 1, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors Germany Small-Cap ETF.
view filing
Source: SEC.gov
AdvisorShares files with the SEC
April 1, 2011--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the Meidell Tactical Advantage ETF.
read more
Source: SEC.gov
iShares Launches the iShares MSCI China Exchange Traded Fund - New fund marks iShares 40th international single country fund
March 31, 2011--BlackRock, Inc. (NYSE: BLK) today announced that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, is launching the iShares MSCI China Index Fund (NYSEArca: MCHI) on the NYSE Arca. iShares now offers 40 international single country ETFs. The fund is the first China ETF to be benchmarked to the large- and mid-cap MSCI universe, and provides exposure to the top 85% of Chinese equities by market cap.
"The new iShares MSCI China Index Fund provides clients access to one of the fastest growing economies in the world," said Noel Archard, Head of US Product at iShares at BlackRock. "The fund further complements our single country product suite, which has seen significant activity over the past few months as investors increasingly look to single country funds to express nuanced views on global markets."
According to Russ Koesterich, iShares Global Chief Investment Strategist at BlackRock, China is projected to continue to offer attractive investment opportunities as it transitions from an export- to consumption-based economy. China continues to be one of the fastest growing economies in the world with an estimated growth of 10.3% in 20101. Investors can combine MCHI with the iShares MSCI China Small Cap Index Fund (NYSEArca: ECNS), which began trading in September 2010, to create comprehensive MSCI China exposure.
read more
Source: iShares
Stepped up SEC Enforcement Targets Fund Industry
March 31, 2011--The mutual fund industry will be one of the targets of more-aggressive enforcement by the Securities and Exchange Commission, according to experts who spoke today at an Investment Company Institute conference in Palm Desert, Calif.
As part of its efforts to reorganize and strengthen its Division of Enforcement, the SEC has established groups that concentrate on specific parts of the market. The largest of these is the assets under management unit.
Source: SEC.gov
SIFMA and DTCC White Paper: Money Market Instruments Blue Sky Task Force Report
March 31, 2011--SIFMA and the The Depository Trust & Clearing Corporation (DTCC) release a task force report that proposes several short- and long-term solutions to mitigate systemic and credit risks in the processing of money market instruments (MMI).
The report’s short-term recommendations focus on addressing the credit risk exposure that Issuing and Paying Agent (IPA) banks face because of a lack of transparency around the amount an issuer must fund to cover its maturities.
view the SIFMA and DTCC White Paper: Money Market Instruments Blue Sky Task Force Report
Source: SIFMA
Agencies Seek Public Comment on Risk Retention Proposal
March 31, 2011--Six federal agencies are seeking public comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors to transfer or hedge that credit risk. In crafting the proposed rule, the agencies sought to ensure that the amount of credit risk retained is meaningful, while reducing the potential for the rule to negatively affect the availability and cost of credit to consumers and businesses.
The rule is proposed by the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, the Federal Housing Finance Agency, and the Department of Housing and Urban Development. It would provide sponsors with various options for meeting the risk-retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Among other things, the options include:
Retention of risk by holding at least 5 percent of each class of ABS issued in a securitization transaction (also known as vertical retention).
Retention of a first-loss residual interest in an amount equal to at least 5 percent of the par value of all ABS interests issued in a securitization transaction (horizontal retention).
view the SEC proposal-Credit Risk Retention
Source: SEC.gov
