Americas ETP News
If your looking for specific news, using the search function will narrow down the results
ISE Announces that Aggregate Assets Under Management for ETFs Based on ISE Proprietary Indexes Now Exceeds 1 Billion Dollars
December 20, 2010--The International Securities Exchange (ISE) announced today that aggregate assets under management for the portfolios of exchange traded funds (ETFs) based on ISE’s proprietary indexes now exceeds $1 billion. First Trust Advisors has a portfolio of eight ETFs based on
ISE’s family of emerging market and sector indexes that track public companies in high growth markets.
Sectors covered include natural gas, global wind energy, water, global engineering and construction
services, copper mining, and platinum group metals mining. In addition, First Trust Advisors has developed ETFs that track ISE’s CHIndia index that represents the emerging markets of China and India, as well as ISE’s BICK Index that covers Brazil, India, China and South Korea. Direxion has also created two leveraged ETFs based on ISE’s natural gas index.
“Reaching $1 billion assets under management for ETFs tied to ISE’s indexes is a very exciting
milestone. We look forward to continuing to work with our existing partners and to developing new
relationships to grow the Index and ETF segment of our business even further,” said Kris Monaco, Director of New Product Development at ISE. “At ISE, we remain focused on developing innovative,
actionable indexes for the creation of investment vehicles that provide investors with targeted exposure to
the most liquid exchange-listed companies in rapidly growing markets.”
“It’s exciting for First Trust that our group of ISE index-based ETFs continues to grow and give investors exposure to these high-growth sectors,” said Robert F. Carey, CFA, and Chief Investment Officer of First Trust. “As the ETF market has grown, it’s clear to us that many investors are focusing on efficient ways to access specialized segments of the market. This milestone proves that.”
“We congratulate ISE on passing the $1 billion milestone. We value our relationship with them, and are consistently impressed by their robust index construction in focused industries such as natural gas and clean energy,” said Mark Carroll, Director of Research at Direxion.
read more
Source: International Securities Exchange (ISE)
Emerging Markets Week in Review-12/13/2010 - 12/17/2010
December 20, 2010--The Dow Jones Emerging Markets Sector Titans Composite Index climbed 0.38% last week as U.S. economic data indicated that the recovery could strenghten in 2011. Materials and Consumer stocks led the market up, increasing 0.72% and 0.54% respectively.
Health Care and Financials were the worst performers, falling 1.22% and 1.10%.
read more
Source: Emerging Global Advisors
S&P, TSX Group Launch Two New Indices For The Canadian Market
December 20, 2010-- Standard & Poor's, the world's leading index provider, and TSX Group Inc., operator of Toronto Stock Exchange and Montreal Exchange, announced today the launch of the S&P/TSX Equity Income Index and the S&P/TSX Composite Dividend Index, providing Canadian investors with two new innovative ways of measuring higher yielding stocks.
The S&P/TSX Equity Income Index is a strategy index focused on dividend income and comprised of 50 to 75 stocks selected from the S&P/TSX Composite, the headline index and principal broad market measure for the Canadian equity market. All stocks in the S&P/TSX Equity Income Index have a non-zero indicated annual dividend yield and are existing members of the S&P/TSX Composite.
The S&P/TSX Equity Income Index meets the Canadian investing community's desire for a new high yield, high dividend index to replace the S&P/TSX Income Trust Index which will lose most of its constituents on December 31, 2010 as many non-REIT income trusts in Canada are converting to corporate structure. The S&P/TSX Income Trust Index will continue to be calculated and published by Standard & Poor's.
The S&P/TSX Composite Dividend Index aims to provide a broad-based benchmark of Canadian dividend-paying stocks. The Index includes all stocks in the S&P/TSX Composite with positive annual dividend yields as of the latest rebalancing of the S&P/TSX Composite.
"The launch of these two new indices is the direct result of several consultations with the Canadian investment community, including industry leaders in income investing," says Abigail Etches, Director at S&P Indices. "The S&P/TSX Equity Income Index and the S&P/TSX Composite Dividend Index will provide investors with exposure to higher yielding stocks on a consistent basis while staying true to our hallmark of a transparent, rules-based methodology."
For more information about the S&P/TSX Equity Income Index and the S&P/TSX Composite Dividend Index, please visit www.standardandpoors.com/indices.
Source: S&P Indices
Banja Luka Stock Exchange Added To Dow Jones FEAS Index Universe
December 20, 2010-- Dow Jones Indexes, a leading global index provider, today announced that Banja Luka Stock Exchange will be added to the Dow Jones FEAS index universe.
The Dow Jones FEAS Indexes measure the performance of companies across the Euro-Asian region. There are three indexes in the family: a composite and two regional sub-indexes.
The Dow Jones FEAS Composite Index currently includes component stocks of 12 out of the 34 members of the Federation of Euro-Asian Stock Exchanges. The exchanges included are Abu Dhabi (UAE), Amman (Jordan), Banja Luka (Bosnia and Herzegovina), Belgrade (Serbia), Istanbul (Turkey), Karachi (Pakistan), Manama (Kingdom of Bahrain), Muscat (Oman), Sarajevo (Bosnia and Herzegovina), Skopje (Republic of Macedonia), Sofia (Bulgaria), and Zagreb (Croatia).
The Dow Jones FEAS Middle East/Caucasus Index currently includes stocks from the following four FEAS member exchanges: Abu Dhabi, Amman, Manama, and Muscat.
The Dow Jones FEAS South East Europe Index measures the performance of companies listed on the following seven FEAS member exchanges: Banja Luka, Belgrade, Istanbul, Sarajevo, Skopje, Sofia, and Zagreb.
The Dow Jones FEAS Indexes are designed to cover 95% of the free-float market capitalization of each country in the respective index. In addition to float-adjusted market capitalization, components are selected based on readily available prices. The indexes are calculated and disseminated in Euro and U.S. dollar, and weighted by float-adjusted market capitalization.
The Dow Jones FEAS Indexes are rebalanced quarterly, including an update of outstanding shares and float factors.
For more information on the Dow Jones FEAS Indexes, please visit http://www.djindexes.com.
Source: Dow Jones Indexes
SEC Proposes Permanent Rule Requiring Municipal Advisors to Register With Agency
December 20, 2010-- Securities and Exchange Commission has voted to propose a rule creating a new process by which municipal advisors must register with the SEC.
The proposed rule, required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, would supplant a temporary rule the Commission adopted in September. Because the Act required that these advisors register by Oct. 1, 2010, the Commission adopted its earlier temporary rule on an interim basis so that advisors could fulfill the Act's mandates.
Municipal advisors provide advice to state and local governments and other borrowers involved in the issuance of municipal securities or with respect to the investment of governmental monies. Municipal advisors also solicit business from a state or local government for a third party. Subject to certain exemptions, the definition of municipal advisor under the Dodd-Frank Act includes financial advisors, guaranteed investment contract brokers, third-party marketers, placement agents, solicitors, finders, and certain swap advisors that provide municipal advisory services.
view SEC Rule proposal
Source: SEC.gov
Van Eck files with the SEC
December 20, 2010--Van Eck has filed a post-effective amendment, registration statement with the SEC for
Market Vectors Andean Equity ETF.
read more
Source: SEC.gov
iShares files with the SEC
December 20, 2010--iShares has filed a post effective amendment, registration statement with the SEC for
iShares MSCI All Peru Capped Index Fund ETF.
read more
Source: SEC.gov
Position limits proposal under private scrutiny
December 20, 2010--A US regulator has changed procedural tack as it considers new restraints on commodity speculation after a public meeting on the measures ended without a vote last week.
The so-called position limits proposal, which would cap investor holdings in 28 commodities from oil to palladium, is now being circulated privately among the five commissioners of the Commodity Futures Trading Commission, people familiar with the process said. If a majority sign off, the plan will be released for public comment without another meeting.
read more
Source: FT.com
iShares files with the SEC
December 17, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI Australia Index Fund ETF.
view filing
Source: SEC.gov
Fee Rate Advisory #4 for Fiscal Year 2011
December 18, 2010--The President and Congress are expected to extend the continuing resolution funding the Securities and Exchange Commission through Dec. 21, 2010. During this period, fees paid under Section 6(b) of the Securities Act of 1933 and Sections 13(e), 14(g) and 31 of the Securities Exchange Act of 1934 will remain at their current rates.
As previously announced, 30 days after the date of enactment of the Commission’s regular fiscal year 2011 appropriation, the Section 31 fee rate applicable to securities transactions on the exchanges and in the over-the-counter markets will increase from their current rate of $16.90 per million dollars to a new rate of $19.20 per million dollars. The assessment on security futures transactions under Section 31(d) will remain unchanged at $0.0042 for each round turn transaction.
In addition, five days after the date of enactment of the Commission’s regular appropriation, the Section 6(b) fee rate applicable to the registration of securities, the Section 13(e) fee rate applicable to the repurchase of securities, and the Section 14(g) fee rate applicable to proxy solicitations and statements in corporate control transactions will increase from their current rate of $71.30 per million dollars to a new rate of $116.10 per million dollars.
read more
Source: SEC.gov
