Americas ETP News
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First Trust files with the SEC
January 19, 2010--First Trust has filed a registration statement with the SEC for:
First Trust Asia Pacific Ex-Japan AlphaDEX Fund, First Trust Europe AlphaDEX Fund, First Trust Latin America
AlphaDEX Fund,
First Trust Brazil AlphaDEX Fund, First Trust China AlphaDEX Fund, First Trust Japan AlphaDEX Fund, First Trust South Korea AlphaDEX Fund, First Trust Developed Markets Ex-US AlphaDEX Fund and First Trust Emerging Markets AlphaDEX Fund
view filing
Source: SEC.gov
Market Vectors® to Split Shares of Indonesia Index ETF Three for One
January 19, 2011--Van Eck Global announced today that the Board of Trustees of the Market Vectors ETF Trust has approved a three-for-one split of the shares of Market Vectors Indonesia Index ETF (ticker: IDX). IDX’s closing price on Friday, January 14, was $82.04.
This split will take place for shareholders of record as of the close of business on January 28, 2011, and will be payable on January 31, 2011. Fund shares will begin trading on a split-adjusted basis on February 1, 2011.
Shareholders will see the change in their holdings sometime after that date, depending upon their brokerage firms’ procedures.
The split will lower the share price of the Fund by increasing the number of shares outstanding, but will not change the total value of shares outstanding. The expected primary benefit of this action is that lower share prices will make the Fund more accessible to investors. Van Eck Global anticipates that the split may also create greater liquidity for the Fund and, by extension, facilitate tighter bid-ask spreads.
Source: Van Eck Global
BMO Financial Group Announces Monthly Cash Distributions for BMO Exchange Traded Funds
January 19, 2011--BMO Financial Group announced today the January 2011 cash distributions for the twenty BMO Exchange Traded Funds (ETFs)(i) which pay monthly distributions. Unitholders of record at close of business on January 28, 2011
will receive cash distributions payable on February 7, 2011.
read more
Source: BMO Financial Group
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.
read more
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.
read more
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
