Americas ETP News
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Funds Flowing to US from Emerging Markets - Blackstone
January 28, 2011--U.S. private equity company Blackstone (BX.N) said the robust U.S. funding environment should continue through to May and June and expects funds to flow into North America from emerging markets.
The funding environment in the U.S. both in the equity and debt markets is robust. It will certainly continue to May and June. And the market will pause and see," John Studzinski, senior Blackstone managing director, told Reuters Insider.
Source: Reuters
AdvisorShares Set to Launch the Active Bear ETF (NYSE: HDGE)
HDGE May Act as a Hedging Solution to Equity Exposure
January 26, 2011--AdvisorShares Investments, LLC, a sponsor of actively managed Exchange Traded Funds (ETFs), today announced that it will begin trading in the Active Bear ETF (NYSE: HDGE) tomorrow, January 27th. HDGE is sub-advised by portfolio managers John Del Vecchio and Brad Lamensdorf of Ranger Alternative Management, L.P. ("Ranger") a Dallas-based investment manager.
The HDGE Portfolio Management Team will implement a short-only large-cap domestic equity investment strategy by utilizing a bottom-up, fundamental, research driven security selection process. In selecting short positions, the Team seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition, the portfolio management team seeks to identify earnings driven events that may act as a catalyst to the price decline of a security, such as downwards earnings revisions or reduced forward guidance. Lastly, the HDGE Team employs a variety of technical factors that drive short Beta exposure with the goal of generating alpha in any market environment.
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Source: AdvisorShares
Open Meeting on Twelfth Series of Proposed Rules under the Dodd-Frank Act
January 26, 2011--The Commodity Futures Trading Commission (CFTC) will hold a public meeting to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
When: Friday, February 11, 2011, 9:30 am (ET)
Where: CFTC’s Hearing Room, 1155 21st, NW, Washington DC
Topic: Twelfth Series of Proposed Rules under the Dodd-Frank Act
Source: CFTC.gov
Central America: Leaders get Prepared for the Region's Economic Integration
January 26, 2011--Hoping to add momentum to Central America’s economic integration, a key group of private sector executives and government officials joined this week the first regional integration training program –an initiative co-sponsored by the World Bank, INCAE Business School and various other partners to promote convergence of trade and other sectors in the region.
The Economic Regional Integration Program (PIER, in Spanish), makes good on several initiatives announced by World Bank President Robert B. Zoellick at the July 2010 Central American Presidential Summit to support the region’s integration bid.
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Source: World Bank
Federal Open Market Committee Statement
January 26, 2011--Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, while investment in nonresidential structures is still weak.
Employers remain reluctant to add to payrolls. The housing sector continues to be depressed. Although commodity prices have risen, longer-term inflation expectations have remained stable, and measures of underlying inflation have been trending downward.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Currently, the unemployment rate is elevated, and measures of underlying inflation are somewhat low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate. Although the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, progress toward its objectives has been disappointingly slow.
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Source: Federal Open Market Committee
ProShares files with the SEC
January 26, 2011--ProShares has filed a post effective amendment, registration statement with the SEC for Ultra ProShares Ultra Fixed-Income
TPU-Ultra TIPS and
Short ProShares Short Fixed-Income
TPS UltraShort TIPS
view filing
Source: SEC.gov
Global X files with the SEC
January 26, 2011-- Global X has filed a post effective amendment, registration statement with the SEC for
Global X FTSE Andean 40 ETF-NYSE Arca, Inc: AND
Global X FTSE ASEAN 40 ETF-
NYSE Arca, Inc: ASEA.
Global X S&P/TSX Venture Canada ETF-NYSE Arca, Inc: TSXV
Global X Next 11 ETF-NYSE Arca, Inc: NXTE
view filing
Source: SEC.gov
Costs expected to limit new US swaps venues
January 26, 2011--Trading in the US swaps market will be concentrated in about 10 trading venues, according to a senior regulator, as the high cost of complying with tough new reporting rules limits potential entrants.
The estimate by Scott O’Malia, a commissioner at the Commodity Futures Trading Commission, is lower than previous ones.
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Source: FT
Statement on Support of the Dodd-Frank Rulemaking of Chairman Gary Gensler
January 26, 2011--Statements for the record on each rule:
I support the proposed joint rulemaking with the Securities and Exchange Commission (SEC) that requires reporting by investment advisers to private funds that are also registered as commodity pool operators (CPOs) or commodity trading advisors (CTAs) with the CFTC.
I also support the CFTC’s proposed amendment to compliance obligations of CPOs and CTAs. The joint rule requires private fund investment advisers with assets under management totaling more than $150 million to provide the SEC with financial and other trading information. Private fund investment advisers with assets under management totaling more than $1 billion would be subject to heightened reporting requirements. I support the CFTC rule that would bring similar reporting to CPOs and CTAs with assets under management greater than $150 million that are not otherwise jointly regulated. This is to ensure that similar entities in the asset management arena are regulated consistently. Lastly, the proposal repeals certain exemptions issued under Part 4 of the Commission’s regulations so the Commission will have a more complete picture of the activity of operators of and advisors to pooled investment vehicles in the commodities marketplace.
Now I’d like to turn to my fellow commissioners for their opening statements.
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Source: CFTC.gov
Commodity Futures Trading Commission’s Technology Advisory Committee Meeting Postponed
January 26, 2011-- The Commodity Futures Trading Commission’s Technology Advisory Committee Meeting scheduled for Thursday, January 27, 2011, has been postponed.
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Source: CFTC.gov
