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Q310 ETF Investor Snapshot from Charles Schwab
November 10, 2010ETF Trends at Schwab:
ETF assets custodied at Schwab have grown to $100 billion, up 30%
over the past year and 14% in the past quarter. Retail Investor ETF
assets have grown 57% and now account for 37% of the total ETF
assets at Schwab.
12-month combined Retail flows outpaced RIA Client flows; flows
are 53% for all Retail and 47% for RIA Clients.
While only 9% of total ETF assets, the top 5 ETFs in terms of Q3 2010 flows account for over 25% of all ETF flows for the quarter.
Client Segment Flows:
US Fixed Income has seen the largest 12-month flows (29% of total ETF flows), driven by RIA Clients who account for 56% of total US FI ETF flows.
request report
Source: Charles Schwab
Global X Funds Launches First Norway ETF
Noivember 10, 2010--Global X Funds, the New York-based provider of exchange traded funds, launched today the Global X FTSE Norway 30 ETF (Ticker: NORW). This is the first ETF offering access specifically to Norway.
Norway is one of the most developed economies in the world, ranking first on the Human Development Index in 2009, and third in GDP-per-capita according to the World Bank. It is an exporting powerhouse, in particular for petroleum and metals, which has generated an extremely large trade surplus and resulted in one of the largest sovereign wealth funds in the world.
The Global X FTSE Norway 30 ETF tracks the FTSE Norway 30 Index, which is designed to reflect broad based equity market performance in Norway. The Norway ETF adds to the existing Global X FTSE Nordic 30 ETF (Ticker: GXF), which is a broader Scandinavian fund that accesses Norway, Denmark, Sweden and Finland. Wall Street to sidestep ‘Volcker rule’ read more
CFTC sets date for swaps proposals read more Greenspan warns over weaker dollar read more NYSE Liffe U.S. Incentive Programs for Global FCMs and International Traders GFIP key features: FCMs can receive a rebate of $0.25/side traded by a client new to NYSE Liffe U.S.
precious metals futures
Rebates apply to both the mini- and full-sized precious metals futures contracts read more Statement on Support of the Dodd-Frank Rulemaking of Chairman Gary Gensler Registration Process for Swap Dealers and Major Swap Participants Rulemaking I support the proposed rulemaking to establish a process for the registration of swap dealers and major swap participants. This proposal would implement Congress’s mandate that these entities be subject to registration and regulation for their swaps business. Registration will enable the Commission to monitor swap dealers and major swap participants for compliance with the Dodd-Frank Act and Commission rulemakings. Through regulation of the dealers, the Commission will be able to protect market participants and the public and promote sound risk management practices. The proposal includes a requirement that swaps dealers and major swap participants register with a registered futures association, such as the National Futures Association. This would provide the Commission with flexibility with regard to its oversight of swap dealers and major swap participants for compliance with the Dodd-Frank Act. read more Opening Statement, Meeting of the Commodity Futures Trading Commission Risk management policies of swap dealers and major swap participants; • Two rules concerning firewalls and conflict-of-interest policies and procedures by swap dealers, futures commission merchants and other intermediaries; and Designation of a chief compliance officer and related compliance policies of swap dealers, major swap participants and futures commission merchants. read more INDEXIQ Announces October 2010 Performance Of Its IQ Hedge Family Of Benchmark Hedge Fund Replication & Alternative BETA Indexes read more CFTC.gov Financial Data for Futures Commission Merchants Update view updates
Source: Global X
November 10, 2010--Wall Street groups will continue to invest billions of dollars in property and companies in spite of new rules aimed at curbing banks’ bets with their capital, executives say.
US financial groups such as Goldman Sachs, JPMorgan Chase and Morgan Stanley intend to take advantage of a little-discussed aspect of the “Volcker rule” – part of the financial reform lawapproved in July – to continue making direct investments.
Source: FT.com
November 10, 2010--US regulators, facing criticism that key rules for derivatives markets are taking too long to draft, said they planned to detail which institutions would be subject to tough new regulations on December 1
The keenly awaited definitions will determine the amount of capital derivatives market participants from banks to energy companies have to put aside..
Source: FT.com
November 10, 2010--The US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve.
Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Mr Greenspan argues that with China also holding down the renminbi..
Source: FT.com
November 10, 2010--NYSE Liffe U.S. is pleased to announce the launch of two new incentive programs in precious metals futures:
The Global FCM Incentive Program (GFIP)
The International Trader Incentive Program (ITIP)
The GFIP provides Exchange fee rebates to FCMs facilitating access on behalf of new clients to the NYSE Liffe U.S. precious metals futures product suite.
Source: NYSE Liffe U.S.
November 10, 2010--Statements for the record on each rule:
Whistleblowers
I support the proposed rulemaking to establish a program for whistleblowers as mandated by the Dodd-Frank Act. Congress enacted these provisions to incentivize whistleblowers to come forward with new information about potential fraud in the financial markets.
The proposed rulemaking authorizes the Commission to provide a monetary award to whistleblowers when their original information results in a successful enforcement action. The rule also provides that moneys recovered will fund new customer educations initiatives to protect the public. The proposed rules encourage persons with knowledge to come forward and assist the Commission in identifying, investigating and prosecuting potential violations of the Commodity Exchange Act.
Source: CFTC.gov
November 10, 2010--November 10, 2010
Good afternoon. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission to consider issuance of the following proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act:
Registration of Foreign Boards of Trade;
Registration of swap dealers and major swap participants;
Implementation of new whistleblower provisions of the Commodity Exchange Act;
Source: CFTC.gov
November 9, 2010-IndexIQ, a leading developer of index-based alternative
investment solutions, today announced the performance of its proprietary family of hedge fund replication and
alternative beta indexes.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge
fund strategies, the IQ Hedge™ benchmark indexes were originally introduced on March 30, 2007, and have
been calculating live since that date. IQ Hedge is the first family of investable benchmark indexes covering
hedge fund replication/alternative beta strategies.
Source: Index IQ
November 9, 2010--The CFTC.gov Financial Data for Futures Commission Merchants -Selected FCM financial data as of September 30, 2010 (from reports filed by October 31, 2010) has been updated and is now available.
Source: CFTC.gov
