Americas ETP News
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ELX Announces New 9 Cent One-Tier Fee Schedule for U.S. Treasuries and Eurodollar Futures Contracts
January 31, 2011-- ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today a new 9 cent one-tier bundled fee schedule for market users trading all U.S. Treasury and Eurodollar futures contracts on ELX, effective February 1, 2011.
The advantage of this new single-tier low price is that it promises to significantly reduce transaction costs for all types of market participants. There are no minimum average daily volume (ADV) requirements and market participants will have the operational simplicity of only one fee tier. The ELX model also has a simple no-cost registration process without traditional membership obligations and no fee surcharges for block trades, EFRPs, errors, give-ups and trade busts.
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Source: ELX Futures
iShares files with the SEC
January 31, 2011--iShares has filed a post effective amendment for the iShares S&P International Preferred Stock Index Fund.
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Source: SEC.gov
Next ETFs files with the SEC
January 31, 2011--Next ETFs have filed a registration statement with the SEC for the MAXISsm Nikkei 225 Index Fund.
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Source: SEC.gov
PowerShares files with the SEC
January 31, 2011--PowerShares has filed a post effective amendment, registration statement with the SEC for the PowerShares Senior Loan Portfolio (NYSE Arca, Inc. – BKLN).
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Source: SEC.gov
RBS N.V. Launches The RBS US Mid Cap Trendpilot ETN
January 27, 2011--RBS Securities Inc. (RBSSI) today announced the launch of the second Exchange Traded Note (ETNs) issued by The Royal Bank of Scotland N.V. (RBS N.V.) to investors in the United States.
The RBS US Mid Cap TrendpilotTM Exchange Traded Notes (the “ETNs”) are listed on NYSE Arca, Inc. under the ticker “TRNM.”
The RBS US Mid Cap TrendpilotTM Exchange Traded Notes (the “ETNs”) are listed on NYSE Arca, Inc. under the ticker “TRNM.” The ETNs are designed for investors who seek exposure to the RBS US Mid Cap TrendpilotTM Index (USD) TR (the “Index”), which tracks either the performance of the S&P MidCap 400® Total Return Index (the “S&P 400 TR Index”) or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills (the “T-Bill Rate”), depending on the relative performance of the S&P 400 TR Index on a simple historical 200-day moving average basis.
Payment on the ETNs is linked to the performance of the Index, less an investor fee that is deducted daily at an annualized rate of 1.00% if the Index is tracking the S&P 400 TR Index or an annualized rate of 0.50% if the Index is tracking the T-Bill Rate. Investors have the right to require RBS N.V. to repurchase the ETNs on a daily basis, subject to a minimum repurchase requirement. RBS N.V., at its sole discretion, may also redeem the ETNs at any time prior to maturity.
“The RBS US Mid Cap TrendpilotTM ETNs enable investors to gain exposure to the S&P 400® Total Return Index utilizing an objective and transparent trend-following strategy,” said Michael Nelskyla, Head of Structured Retail Distribution, Americas. “This is the second ETN in the TrendpilotTM series and we are excited about this new offering.”
The final pricing supplement can be found on the SEC website at:
http://usmarkets.rbs.com/MediaLibrary/Document/PDF/ProductDocuments/US78009L2097/US78009L2097_EN_Prospectus.pdf
Source: The Royal Bank of Scotland N.V.:
Fundamentals: The RAFI® Five-Year Scorecard
January 28, 2011--When the Fundamental Index® concept was introduced, it was met with fierce attacks. Critics decried its backtested results as data-mining or said the approach was just a repackaged value investment process. Five years after the first RAFI indices went live, the proof is in: The methodology has generated superior performance during a period when value has lagged growth all over the world.
In a relatively short span of time, the Fundamental Index approach has revolutionized passive investing and has served as an important milestone in the evolution of our investment thinking, helping spawn a new field of investing—that of Alternative Beta or Strategy Indices. In this issue we show that live RAFI results support our earlier research and the robustness of the Fundamental Index methodology.
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Source: research affiliates
CFTC.gov Commitments of Traders Reports Update
January 28, 2011--The current reports for the week of January 25, 2011 are now available.
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Source: CFTC.gov
iShares files with the SEC
January 28, 2011--iShares has filed a registration statement with the SEC for the iShares MSCI Emerging Markets Small Cap Index Fund.
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Source: SEC.gov
Charles Schwab files with the SEC
January 28, 2011--Charles Schwab has filed an application for exemptive relief with the SEC.
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Source: SEC.gov
SPDR® Index Shares Funds files with the SEC
January 28, 2011--SPDR® Index Shares Funds has filed a post-effective amendment No. 30, registration statement with the SEC.
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Source: SEC.gov
