Americas ETP News
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Vanguard Emerging Market ETF Surpasses BlackRock’s
January 19, 2011-- Vanguard Emerging Market ETF became the third-largest U.S. exchange-traded fund this week, surpassing a rival BlackRock Inc. fund that just a year ago was twice as big, and adding to evidence that investors are migrating to the cheapest offerings.
The Vanguard fund had $46.2 billion as of yesterday, more than the $46 billion in iShares MSCI Emerging Markets, according to data compiled by Bloomberg. At the end of 2009, the BlackRock fund was twice as large as Vanguard’s, according to Chicago- based Morningstar Inc.
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Source: Bloomberg
Dow Jones Indexes Licenses Two Stock Market Indexes To Charles Schwab
January 19, 2011-Dow Jones Indexes, a leading global index provider, today announced that Charles Schwab has licensed the Dow Jones U.S. Mid-Cap Total Stock Market Index and the Dow Jones U.S. Select REIT Index in an expansion of Schwab’s proprietary exchange-traded funds (ETFs) platform.
Schwab launched the Schwab U.S. REIT ETF™ (SCHH) and the Schwab U.S. Mid-Cap ETF™ (SCHM), both of which began trading on January 13, 2011, on NYSE Arca.
The Dow Jones U.S. Mid-Cap Total Stock Market Index is a subset of the Dow Jones U.S. Total Stock Market Index, which measures all U.S. equity securities with readily available prices. The mid-cap index represents the largest 500 stocks after the top 500. It is float-market-capitalization weighted.
The Dow Jones U.S. Select REIT Index measures U.S. REITs and REIT-like securities and aims to serve as a proxy for direct investment in REITs. It screens for market capitalization, liquidity and the percentage of revenue derived from ownership and operation of real estate securities. The index is float-market-capitalization weighted.
In November 2009, Dow Jones Indexes announced that Schwab had licensed five Dow Jones U.S. Total Stock Market Size and Style indexes to underlie the domestic portion of Schwab’s first-ever suite of ETFs.
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Source: Dow Jones Indexes
CFTC to Hold Open Meeting on Eleventh Series of Proposed Rules under the Dodd-Frank Act
January 19, 2011--The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Wednesday, January 26, 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:
Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF (joint with the Securities and Exchange Commission) and
Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligations.
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Source: CFTC.gov
Interagency Working Group Releases Carbon Oversight Study
January 19, 2011--A Federal interagency working group led by the Commodity Futures Trading Commission (CFTC) today released a report on the oversight of existing and prospective carbon markets, fulfilling a requirement established in Section 750 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act requires the group to “conduct a study on the oversight of existing and prospective carbon markets to ensure efficient, secure, and transparent carbon markets, including oversight of spot markets and derivative markets.”
The Act requires the group to submit its report to Congress with recommendations for the oversight of existing and prospective carbon markets.
he interagency group is composed of the following members: the Chairman of the Commodity Futures Trading Commission (CFTC), who serves as the group’s Chairman, the Secretary of Agriculture, the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, the Administrator of the Environmental Protection Agency, the Chairman of the Federal Energy Regulatory Commission, the Chairman of the Federal Trade Commission and the Administrator of the Energy Information Administration.
view Report on the Oversight of Existing and Prospective Carbon Markets
Source: CFTC.gov
Latin America: Sustained but Slower Growth in 2011
Janury 19, 2011-- The Latin America and Caribbean region has emerged from the global crisis well compared with its own past performance and the pace of recovery in other regions, says the World Bank’s latest Global Economic Prospects 2011.
After contracting by 2.2% in 2009, regional GDP is estimated to have expanded 5.7% in 2010, similar to the average growth recorded during the 2004-2007 boom years.
Growth is forecast to slow somewhat to around 4% in 2011 and 2012, largely because of a weaker external environment as growth in advanced economies and China moderates. Several countries in the region have been subject to potentially destabilizing capital inflows that have contributed to strong upward pressure on some currencies.
view Latin America and the Caribbean-Global Economic Prospects January 2011: Regional Annex
Source: World Bank
AdvisorShares filed with the SEC
January 19, 2011--AdvisorShares has filed a post affective amendment, registration statement with the SEC for TrimTabs Float Shrink ETF.
view filing
Source:SEC.gov
Emerging Markets Week in Review - 1/10/2011 - 1/14/2011
January 18, 2011--The Dow Jones Emerging Markets Sector Titans Composite Index increased 0.66% last week as performance across sectors was mixed. As the price of crude oil tested $100 per barrel,
Energy and Materials led the market up, climbing 2.33% and 0.96% respectively. Health Care and Industrials, two of the stronger performing groups last year, declined 2.27% and 1.43% respectively. Markets will be playing close attention to the White House today, as Chinese president Hu Jintao arrives in Washington to meet with president Barack Obama to discuss political relations and monetary policy between the world's two largest economies.
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Source: Emerging Global Advisors
Morgan Stanley Exchange-Traded Funds: US ETF Weekly Update
Weekly Flows: $3.8 Billion Net Inflows
ETFsTraded $262 Billion Last Week
Launches: 4 New ETFs
Russell Plans to Acquire U.S. One, Inc.
Expense Reduction on 34 iSharesETFs
January 18, 2011--US-Listed ETFs: Estimated Flows by Market Segment
ETFshave generated net inflows of $12.0 billion during the first two weeks of the year
Net inflows were led by US Equity ETFslast week, specifically US Large Caps (net inflows of $3.1 bln)
ETF assets stand at more than $1 trillion; EM Equity is now 15%of market share
13-week flows remain mostly positive among asset classes
$43.0 bln of net inflows into ETFs over past 13 weeks (71% intoUS Equity ETFs)
We note that Fixed Income ETFsposted net outflows over the past 13 weeks, a big reversal frommost of 2010
US-Listed ETFs: Estimated Largest Flows by Individual ETF
For the second straight week, SPDR S&P 500 ETF (SPY) posted large net inflows
Albeit early, SPY’s 1st quarter net inflows are unusual; SPY has exhibited net outflowsduring the 1stquarter of every year since 2005
Vanguard Emerging Markets ETF (VWO) has generated largest net inflows over past 13 weeks ($5.4 bln)
US-Listed ETFs: ETF Dollar Volume
ETF monthly $ volume has recently declined to 26% of listed trading volume (lowest % since May ’08)
US Large Cap accounts for 38% weekly ETF volume, but only has 22% of market cap
International Equity accounts for only 16% weekly ETF volume, but has 25% of market cap
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Source: ETF Research-Morgan Stanley
Van Eck files with the SEC
January 18, 2011--Van Eck has filed a post effective amendment, registration statement with the SEC for Market Vectors Germany Small-Cap ETF.
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Source: SEC.gov
Georgetown Investment Management LLC files with the SEC
January 18, 2011--Georgetown Investment Management LLC has filed an amended application for exemptive relief with the SEC.
view filing
Source: SEC.gov
