Americas ETP News
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CFTC.gov Commitments of Traders Reports Update
March 4, 2011--The current reports for the week of March 1, 2011 are now available.
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Source: CFTC.gov
BM&FBOVESPA Posts Records For Exchange-Traded Funds (ETFs) In February - Number Of Trades Rises 76.8% Compared To January
March 4, 2011--BM&FBOVESPA Exchange Traded Funds (ETFs) had a record 33,804 trades in February, up 76.8% on the 19,120 of January and from the previous record of 30,059 in December 2010. Financial volume was also record in February, at BRL 876.25 million, from BRL 717.9 million in January. The highlight was the BOVA11 Ibovespa fund, with the largest financial volume at BRL 779.9 million and the largest number of trades at 30,489.
There were also record daily averages for the ETFs in terms of number of trades (1,690 from 1,431 in December) and financial volume (BRL 43,812.7 from BRL 33,125.6 in December).
The following ETFs are currently traded at BM&FBOVESPA: BOVA11 (iShares Ibovespa Fund index); SMAL11 (iShares BM&FBOVESPA Small Cap Index Fund); MILA11 (iShares BM&FBOVESPA MidLarge Cap Index Fund); PIBB11 (PIBB Brazil Index Fund - 50 - Brazil Tracker); BRAX11 (iShares Brazil Index IBrX-100 Index Fund); CSMO11 (iShares BM&FBOVESPA Consumption Index Fund); and the MOBI11 (iShares Index BM&FBOVESPA Real Estate Index Fund).
Source: BM&FBOVESPA
Ascensus Selected by 3D Asset Management to Partner on ETF AdvisorPlanits ETF AdvisorPlanSM Solution
Ascensus’ Fee-based Platform Enables 3D
to More Easily Offer All-inclusive Retirement Program
March 4, 2011--Ascensus, a leading retirement plan solutions provider, today announced it has been selected by 3D Asset Management (“3D”), a registered investment advisory firm located in East Hartford, CT, to partner on its ETF AdvisorPlanSM product. Based on Ascensus’ fee-based platform, the new product provides cost-effective ETF (exchange traded funds) asset allocation portfolios managed by 3D, which include ETFs from industry leaders as iShares, WisdomTree and others.
In addition, 3D’s new program offers advisors a comprehensive suite of materials to make it easier for financial advisors to offer an all-inclusive, fee-based retirement program.
The ETF AdvisorPlan solution will help advisors: grow their fee-based business in the 401(k) space, simplify their marketing efforts and presentations to 401(k) prospects, manage fiduciary liability, help retain business and improve fee transparency, while reducing costs to plan sponsors.
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Source: Ascensus
IndexIQ files with the SEC
March 4, 2011--IndexIQ has filed a post-effective amendment, registration statement with the SEC for 11 ETFs. The funds are IQ Mexico Small Cap ETF
IQ Asian Tigers ETF
IQ Asian Tigers Consumer ETF
IQ Asian Tigers Small Cap ETF
IQ Asia Pacific ex-Japan Small Cap ETF
IQ Australia Mid Cap ETF
IQ Canada Mid Cap ETF
IQ Japan Mid Cap ETF
IQ Emerging Markets Mid Cap ETF
IQ Global Precious Metals Small Cap ETF
IQ U.S. Real Estate Small Cap ETF
view filing
Source: SEC.gov
Van Eck files with the SEC
March 4, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors Colombia ETF.
view filing
Source: SEC.gov
Hedge Funds in U.S. May Face Unprecedented Demands for Information on Risk
March 3, 2011--Hedge funds, broker-dealers and mortgage companies may face unprecedented demands for data on everything from risk exposure to trading partners as U.S. regulators seek to identify firms that pose a potential threat to the financial system, a confidential government report says.
The staff of the Financial Stability Oversight Council identified dozens of “potential metrics” to decide which non- bank financial firms should be designated “systemically important” and subject to Federal Reserve supervision, according to an 80-page study obtained by Bloomberg News.
Source: Bloomberg
NSX Releases February 2011 ETF Data Reports; Assets Continue to Reach Record Levels
March 3, 2011--Highlights from the February 2011 reports include:
Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) continue to reach record levels, totaling approximately $1.06 trillion at February 2011 month-end, an increase of approximately 38% over February 2010 month-end when assets totaled $765 billion.
ETF/ETN net cash inflows for the month totaled over $7.4 billion, including $1.2 billion on ETNs.
Total U.S. Equity led all product categories with over $3.7 billion in net cash inflows.
ETF/ETN notional trading volume during February 2011 totaled almost $1.25 trillion, representing almost 27% of all U.S. equity trading volume.
At the end of February 2011, the number of listed products totaled 1,135 compared to 964 listed products at the same time last year.
Visit www.nsx.com for full report.
Source: National Stock Exchange (NSX)
ETFs lead inflows into US equity funds: Lipper
March 3, 2011-- Investors put $2.3 billion of fresh cash into US-domiciled equity funds in the week ended March 2, with the majority of the cash entering via exchange-traded funds, data from Lipper showed on Thursday.
Taxable bonds funds took in $2.5 billion while municipal bond funds had outflows of $1.04 billion, marking a 16th straight week of net redemptions.
Domestic-focused equity funds took in a net $3.03 billion versus inflows of $2.6 billion in the prior week. Non-domestic equity funds had outflows of $730 million, breaking a three-week streak of inflows.
The biggest inflow of new money into ETFs went to the SPDR S&P 500 ETF fund, totaling $3.7 billion, reversing some of the $6.5 billion in outflows in the prior week.
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Source: The Economic Times
PowerShares Debuts Senior Loan ETF (BKLN)
March 3, 2011--PowerShares announced today the launch of the Senior Loan Portfolio (BKLN), the first ETF offering exposure to a corner of the credit market known for low sensitivity to interest rate changes
BKLN will seek to replicate the S&P/LSTA U.S. Leveraged Loan 100 Index, a benchmark designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. The underlying index is drawn from the larger S&P/LSTA Leveraged Loan Index, which includes more than 1,100 facilities.
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Source: Business Insider
Global X Funds Launches First Argentina ETF
March 3, 2011--Global X Funds, the New York based provider of exchange traded funds, today launched the Global X FTSE Argentina 20 ETF (Ticker: ARGT). The fund is the latest expansion in the ETF issuer’s Latin America fund suite and the first ETF globally to target this country.
Argentina stands as the second largest economy in South America by GDP, trailing only Brazil, according to IMF estimates from 2010. Argentina has developed trading ties with emerging economic powers; in 2010, nearly 19% of exports went to Brazil and over 9% went to China. As the second largest corn exporter and third largest soy exporter in the world, the fund may allow investors to benefit from increased food demand from Argentina in the emerging world (CIA Factbook, 2010).
“ARGT provides a relatively cost effective way to access the second largest economy in South America, a glaring hole in the existing ETF offerings,” said Bruno del Ama, chief executive officer of Global X Funds.
The Global X FTSE Argentina 20 ETF tracks the FTSE Argentina 20 Index, which represents the performance of the twenty largest and most liquid companies that directly participate in the Argentine economy, but are not listed in Argentina. As of February 22, 2011 the three largest components for ARGT were Tenaris S.A. ADS, MercadoLibre Inc., and Banco Macro S.A. ADS.
Source: Global X
