Americas ETP News
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CFTC to Hold Open Meeting on Twelfth Series of Proposed Rules under the Dodd-Frank Act
February 18, 2011-- The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, February 24, 2011, at 9:30 a.m. to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics:
Registration of intermediaries;
Antidisruptive trading practices authority interpretive order;
Amendments to Commodity Pool Operator and Commodity Trading Advisor regulations;
Swap data recordkeeping and reporting requirements for pre-enactment and transition swaps;
and Requirements for processing, clearing and transfer of customer positions
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Source: CFTC.gov
DB Index & ETF Research -- US ETF+ Monthly Directory : January 2011 ETPs
February 19, 2011--This document includes all US listed exchange-traded funds (ETFs) and exchange-traded vehicles (ETVs), plus a special section covering exchange-traded notes (ETNs). The directory is organized by asset class and asset-class-related sub sections. Within each sub section it has also been sorted. For Equity and Fixed Income ETPs it is sorted by country in alphabetical order and by AUM in descending order, and for the other ETP asset classes it is sorted by sub sector in alphabetical order and by AUM in descending order.
A number of key information per product has been included in order to enable the reader to get an overview in their respective area of interest. Among the key numeric information we include avg. daily turnover, assets under management, and cash flows (all in $US).
To request a copy of the report
Source: Deutsche Bank Global Equity Index & ETF Research
CFTC.gov Commitments of Traders Reports Update
February 18, 2011--The current reports for the week of February 15, 2011 are now available.
view updates
Source: CFTC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
February 18, 2011--The shareholders of Avoca Resources Limited (ASX:AVO) and Anatolia Minerals Development Limited (TSX:ANO) have agreed to the Merger Implementation Deed whereby the two companies will be merged to form Alacer Gold Corp. (TSX:ASR). Shareholders of Avoca will receive 0.4453 shares of the new Alacer Gold for each share held and Anatolia shareholders will receive Alacer Gold on a 1-for-1 basis.
The relative weight of Alacer Gold (formerly Anatolia) will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Global Mining and Global Gold and the S&P/TSX Capped Materials indices to reflect the issuance of Alacer Gold shares as part of the transaction, which will become effective after the close of Tuesday, February 22, 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
ETF Securities USA files with the SEC
February 18, 2011--ETF Securities has filed a pre-effective amendment No. 4
to Form S-1 for the ETFS Collateralized Commodities Trust.
view filing
Source: SEC.gov
PowerShares files with the SEC
February 18, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for PowerShares Convertible Portfolio.
view filing
Source: SEC.gov
PowerShares files with the SEC
February 18, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for PowerShares Financial Corporate Bond
PowerShares Industrial Corporate Bond Portfolio
PowerShares Utilities Corporate Bond
view filing
Source: SEC.gov
Fidelity files with the SEC
February 18, 2011--Fidelity has filed a post-effective amendment, registration statement with the SEC for Fidelity Nasdaq Composite Index Tracking Stock.
view filing
Source: SEC.gov
ETF Securities Passes $3 Billion in US Assets Under Management
February 18, 2011--On February 17, 2011ETF Securities USA LLC (ETFS) today that the total assets under management of its six products; ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT), ETFS Physical Palladium Shares (PALL), ETFS Physical PM Basket Shares (GLTR) and ETFS Physical WM Basket Shares now exceed $3 Billion as of December 10th, 2010.
Commenting on this milestone for ETF Securities in the U.S., William Rhind, Strategic Director for ETFS Marketing LLC, commented:
"Reaching $3 billion is another strategic milestone for ETF Securities in the U.S. market. Whether you want to invest in all four metals or just the white ones, GLTR and WITE provide simple cost effective portfolio completion strategies helping to diversify precious metals exposure".
Source: Live PR.com
ProShares Announces ETF Share Splits
February 17, 2011--ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today share splits on four of its ETFs and reverse share splits on 20 of its ETFs. The splits and reverse splits will not change the value of a shareholder's investment.
Splits
Three funds will split shares 2-for-1.
| Ticker | Fund | Split Ratio |
|---|---|---|
| TQQQ | ProShares UltraPro QQQ® | 2:1 |
| URTY | ProShares UltraPro Russell2000 | 2:1 |
| UMDD | ProShares UltraPro MidCap400 | 2:1 |
One fund will split shares 3-for-1.
| Ticker | Fund | Split Ratio |
|---|---|---|
| UPRO | ProShares UltraPro S&P500® | 3:1 |
All splits will apply to shareholders of record as of the close of the markets on February 22, 2011, payable after the close of the markets on February 24, 2011. The funds will trade at their post-split prices on February 25, 2011. The ticker symbols and CUSIP numbers for the funds will not change, and all will continue to trade on NYSE Arca.
The splits will decrease the price per share of each fund with a proportionate increase in the number of shares outstanding. For example, for the 2-for-1 splits, every pre-split share held by a shareholder will result in the receipt of 2 post-split shares, which will be priced at half of the net asset value ("NAV") of a pre-split share.
Illustration of a Split
The following table shows the effect of a hypothetical 2-for-1 split:
| Period | # of Shares Owned | Hypothetical NAV | Value of Shares |
|---|---|---|---|
| Pre-Split | 100 | $100.00 | $10,000.00 |
| Post-Split | 200 | $50.00 | $10,000.00 |
Reverse Splits
Thirteen funds will reverse split shares 1-for-4.
| Ticker | Fund | Split Ratio | Old CUSIP | New CUSIP |
|---|---|---|---|---|
| EPV | ProShares UltraShort MSCI Europe | 1:4 | 74347X807 | 74348A301 |
| MZZ | ProShares UltraShort MidCap400 | 1:4 | 74347R859 | 74347X211 |
| REW | ProShares UltraShort Technology | 1:4 | 74347R578 | 74347X153 |
| SDD | ProShares UltraShort SmallCap600 | 1:4 | 74347R792 | 74348A400 |
| SDK | ProShares UltraShort Russell MidCap Growth | 1:4 | 74347R446 | 74347X187 |
| SIJ | ProShares UltraShort Industrials | 1:4 | 74347R594 | 74348A103 |
| SJH | ProShares UltraShort Russell2000 Value | 1:4 | 74347R412 | 74348A509 |
| SJL | ProShares UltraShort Russell MidCap Value | 1:4 | 74347R438 | 74347X161 |
| SKF | ProShares UltraShort Financials | 1:4 | 74347R628 | 74347X146 |
| SMK | ProShares UltraShort MSCI Mexico Investable Market | 1:4 | 74344X872 | 74347X179 |
| TWM | ProShares UltraShort Russell2000 | 1:4 | 74347R834 | 74348A202 |
| UCO | ProShares Ultra DJ-UBS Crude Oil* | 1:4 | 74347W502 | 74347W650 |
| ZSL | ProShares UltraShort Silver* | 1:4 | 74347W726 | 74347W643 |
Seven funds will reverse split shares 1-for-5.
| Ticker | Fund | Split Ratio | Old CUSIP | New CUSIP |
|---|---|---|---|---|
| CMD | ProShares UltraShort DJ-UBS Commodity* | 1:5 | 74347W205 | 74347W676 |
| JPX | ProShares UltraShort MSCI Pacific ex-Japan | 1:5 | 74347X609 | 74347X229 |
| QID | ProShares UltraShort QQQ® | 1:5 | 74347R875 | 74347X237 |
| SCO | ProShares UltraShort DJ-UBS Crude Oil* | 1:5 | 74347W809 | 74347W668 |
| SKK | ProShares UltraShort Russell2000 Growth | 1:5 | 74347R420 | 74347X195 |
| SSG | ProShares UltraShort Semiconductors | 1:5 | 74347R545 | 74347X245 |
| TLL | ProShares UltraShort Telecommunications | 1:5 | 74347R255 | 74347X252 |
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Source: ProShares
